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…

3 Methods For Idea Sourcing

3 Methods For Idea Sourcing

How do we search for ideas? I believe this is the million dollar question everyone frets about when first starting out investing. How do we find potential investments to research on? How do we know if this is a good enough idea? And the list goes on. In the search, we adopt the same attitude one might find appropriate in looking for a spouse:  It pays to be active, interested and open-minded, but it does not pay to be in a hurry. Warren Buffett We all prefer some characteristics we wish to see…

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…

6 affordable ways to invest for the average Singaporean

6 affordable ways to invest for the average Singaporean

We get it, not everyone has $100,000 to sink into a well-diversified portfolio. But you have to start somewhere, or you’ll never be in that position. The good news is that you live in one of the world’s biggest financial hubs, and there are products that cater even to those on modest incomes. Here are a few things to look at: 1. Blue chip investment programmes There are two participating banks we know of (OCBC and POSB) that offer blue chip investment programmes. For a minimum monthly sum of just $100,…

6 Tools That You Need to Make Your Employees Succeed

6 Tools That You Need to Make Your Employees Succeed

In business, your tools matter.   The methodology and hardware with which you promote and build your business is what really sets you apart from your competitors. It’s not that mentality does not matter, but that your mentality is best described in the ensemble of tools and methods with which you define your company, and carve out a piece of your own within your industry. If you feel that you’re not doing enough to help your employees push themselves to the very limits of productivity and achieve true efficiency, then…