Why many Singapore entrepreneurs fail to think big

Why many Singapore entrepreneurs fail to think big

By Christopher Quek “What is the total addressable market (TAM) of your product?” I asked. Joe (not his real name) was pitching to fund his new idea under our Tri5 Angels fund. He wanted to create a marketplace for home bakers to market and fulfill their orders via a mobile app. “There are potentially 6,000 home bakers in Singapore,” he replied. I found out from HCook, a similar competitor, that a home baker takes home around US$354 a month. That translates to about a US$25 million GMV per year. If the…

3Cnergy in Focus

3Cnergy in Focus

3Cnergy in focus (502.SI) (14 July 2017) close: S$0.052 Mean Target price: S$- (No research houses covering; No consensus estimates are available) 1.) Sector: Investment holding. 2.) Core business structure: Property development. 3.) Segment that generates the highest revenue: Real estate and property development consultancy. 4.) Countries that the business operates: Singapore and Malaysia. 5.) Challenges: Lacklustre property demand in Johor; high supply of properties in the last 2 to 3 years; tightening of mortgage loan approvals. 6.) Strengths: Affordably priced and unique property products that cater to market segments…

Your startup is not a democracy, so stop running it like one

Your startup is not a democracy, so stop running it like one

By Christopher Quek I’ve advised over 700 early-stage startups in one-to-one free advisory sessions in the last six years, and one issue that always crops up is founder shares. Many times, all founders have equal shares in the company and are all part of the board, regardless of their role. This really irks me. Our firm, TRi5 Ventures, often deals with early-stage startups and regularly encounters first-time entrepreneurs who are uncomfortable talking about shareholdings amongst their co-founders. This often results in an equal split between all founders on the directorship. In these…

Why Startups Fail

Why Startups Fail

Startups are the latest trend in today’s business world. Attracted by the prospect that they can run a business their own way (in other words, being their own boss), many entrepreneurs and young adults have taken that brave step forward in venturing to begin their own startup. But for every successful startup that made it big, countless others fail miserably, disappearing mysteriously without notice. Many individuals see the glitz and glamour of the startup life but they do not fully comprehend the amount of effort and sacrifices made by the…

NEO Group in Focus

NEO Group in Focus

NEO GROUP (BUJ.SI) (14 June 2017) close: S$ 0. 67 Mean Target price: S$ 0. 68 1.) Sector: Catering company 2.) Business Segments: (a) Food catering business (b) Food retail business (c) Food and catering supplies business (d) Food manufacturing (e) Food trading (f) Other businesses (Other businesses segment involved in the design, marketing and distribution of floral arrangements, gifts and hampers and manufacturing of bread, cakes and confectionery.) 3.) Countries that the business operates: 29 countries 4.) Challenges: Given its high gearing ratio, there are little room for the business to…

Business Spotlight: BTME Corporate

Business Spotlight: BTME Corporate

Brief description of yourself and if any, co-founder(s) Marcus Eng Managing Director of the company. Specialised in IT consulting & Digital Marketing Brayden Teng Business Development Director of the company. Handling the sales and business development aspect of the business Dawn Lim UX/UI Designer of our company, assist us with her critical insight and help ensure Grant Uncle experience is optimised and more interactive Anura Dias Our Technology lead that make our ideas come true with his experience in programming Jun Xiang Our Super intern that is self driven and able…