Start right with your business partners – the pre-nuptial way

Start right with your business partners – the pre-nuptial way

By Christopher Quek I have seen the fall of startups caused by many reasons, one of which is the relationship of the founders/ business partners. Startups are formed by many types of founders. I have the general one where good friends from army, school, previous workplaces or childhood friends coming together. I also met founders where a senior mature experienced founder will have two young passionate energetic co-founders, to an exotic mix of a Hong Kong, Taiwanese and Singapore mix, or a Singaporean, French and American combination, to an Australian and…

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…

One-to-one with Onelyst

One-to-one with Onelyst

BRIEF DESCRIPTION OF YOURSELF AND IF ANY, CO-FOUNDER (S) The company’s co-founders Prakash Raja, Hizam Ismail and Mohamed Abbas are young entrepreneurs genuinely passionate about bringing finance to the under-served people in Singapore and other Southeast Asian countries. Hizam and Abbas met during their National Service at The 3rd Battalion Singapore Guards. Prakash was working in ATOS, one of the most reputable technology consulting companies before joining Onelyst. A FEW WORDS ABOUT YOUR BUSINESS Onelyst is about giving an average person the ability to prove his credit worthiness and attain…

Before you pitch, it pays to think like a VC

Before you pitch, it pays to think like a VC

Before pitching your startup to raise funds, it pays to think like a VC. I have been involved in many great discussions with venture capitalists (VCs) in Singapore and Malaysia, here I have boiled it down to four main questions for you to consider. What problem are you solving? One of my friends had invented the perfect pen. No, I am not kidding. He had analyzed all the different styles of pens, found that each had its own flaws, and come up with a clever design. Unfortunately, I was pretty…

9 Ways To Validate Your Startup Ideas

9 Ways To Validate Your Startup Ideas

Entrepreneurship has been an age-old pursuit and in recent years, startups are also becoming an increasingly common thing. However, a great number also failed and went back to the drawing board for many times. It is one thing to create an innovative idea, research about it, and develop a product or service out of it. But it is another story building a successful business from your startup idea. Imagine going through all the hassle of nurturing your project, like your own baby with the gut feeling that it would succeed despite…