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Startups, Entrepreneurs, be better informed before you 'Pitch it'!
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Xiaomi Will Invest in More Startups to Capitalize on Smart Homes

Xiaomi Will Invest in More Startups to Capitalize on Smart Homes | Pitch it! | Scoop.it
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Xiaomi Corp. will invest in “a lot more” startups this year, President Bin Lin said, as the Chinese phone maker seeks software and services to capitalize on the burgeoning business of smart homes. The investments will include appliances and hardware that complement Xiaomi’s existing devices, Lin said during an interview at the company’s Beijing headquarters. Xiaomi took stakes in more than 20 startups in the past 18 months, Lin said, and the company has introduced products including air purifiers and light bulbs that can be controlled by smartphones.

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Marc Kneepkens's insight:

A new corporate entry for startups in Asia. Xiaomi is going for the Internet of Things trend and carving out their positions.

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How to raise money for your startup from VCs and investors in Asia

How to raise money for your startup from VCs and investors in Asia | Pitch it! | Scoop.it

Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. He is currently CEO of Bubbly, a social media startup backed by Sequoia Capital, SingTel Innov8, and JAFCO. The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding.

We’ve asked him to give us some insight into starting, building, and funding a company across Asia. This is the final part of a four-part series.

The final piece of my four-part guide to expanding a business into Asia is tailored more towards local startups and a big issue that affects many of them: raising funding from investors.

The process of raising money in Asia is very different from raising money in Silicon Valley and, frankly, it’s not nearly as easy. Asia has far fewer VC firms and institutional investors, each of which invests a far smaller amount of capital. Moreover, the fundraising process is not standardized like it is in the Valley, and that is not going to change anytime soon.

Many Asian entrepreneurs tell me that they want to raise funds from Silicon Valley firms because they perceive the valuations to be higher. But the problem with this is that most VCs in the Valley, especially early stage ones, only like to invest in companies that are within driving distance from their offices. They are highly unlikely to invest in companies based outside of the Valley — much less in another country 8,000 miles away!

I try to emphasize to them that they’re simply wasting their time in trying to court the Valley VCs from all the way over here. The only Valley VCs that’ll invest in Asia startups typically are those that have a presence here in the region (e.g. Sequoia, Accel, NEA, etc.). However, this primarily applies to businesses within China and India, where these big firms reside, as they rarely invest in startups outside of those two countries.

If your business is based in Asia, despite a potentially tougher hill to climb, you’re still much more likely to be successful raising funds locally.

In order to help those looking down this path, I’ve mapped out what startups should expect in the process and how to come out on top.


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Marc Kneepkens's curator insight, September 15, 2013 12:04 PM

Fabulous article, great comparison of the Asian VC situation compared to how things work in Silicon Valley.

If you're looking for VC in Asia, read this series of articles. Higly recommended.

How to court VC funding companies? Check out VC Guide: https://growthink.infusionsoft.com/go/vcguide/gt4045/

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Echelon 2014: Startup Marketplace gets bigger

More than 100 companies – startups and enterprises, are expected to showcase their products at one massive hall at Echelon 2014, on June 10 & 11

Since its inception in 2010, Echelon has come a long way recognising the best of startups in the technology and digital domains in Asia.

Fifty startups through invitation, selected through a stringent four-stage process, will get a chance to showcase their product/s at Startup Marketplace, the exhibition space at Echelon 2014, to be held on June 10 & 11 at the Expo Drive in Singapore. This year, Startup Marketplace will share space with Tech Alley (the space for enterprises to showcase themselves), in one massive hall, allowing startups and enterprises to interact freely and build momentum and engagement. In all, there will be more than 100 technology companies exhibiting their wares.

To read the full article, click on the title or image.



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Marc Kneepkens's insight:

This is an event in Singapore. Startups are popping up everywhere and Asia is certainly doing its share. Is this becoming part of a new economy?

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