VCs are seeking Vietnamese Web 2.0 Startups

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Tuesday, April 1. 2008

April Fools' Day with StartupWear Pitch

Following the VC Wear guys, a team just set up a StartupWear website with an amusing pitch.                                                                              
Posted by Jason at 20:24 | Comments (0) | Trackbacks (0)
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Friday, February 15. 2008

Why Da Lat could not be a Silicon Valley Clone

A romantic tourist destination in the Western Highlands of Vietnam dubbed City of Love, Da Lat targets to be a sort of Silicon Valley clone in Vietnam in the next decade. Some attributes being promoted by local authority: nice weather around the year, good telecom and networking infrastructure, supporting local authority agencies, local human resource development through intensive education and training. Those conditions are just OK for event entertainment business but far from Silicon Valley clone business environment. There is no top local university in Da Lat, VC investment is a new concept in Vietnam, no VC tax incentive policy yet, lacks of entrepreneurial spirit. Young local talents either choose Hanoi or HCM City for career destination rather than Da Lat. Young entrepreneurs and startup teams tend to find like minded guys that mainly located in Hanoi and HCM City. It is a mission impossible to drive those guys away from those two centers except some top technocrats lead the way. (A reference from India's Nano City raised by Sabeer Bhatia, co-founder of Hotmail). However the folk at Silicon Valley still see the hard road for other places to replicate even the Seattle where Microsoft, Amazon head quartered at.
Posted by Jason at 20:22 | Comments (3) | Trackbacks (0)
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Tuesday, November 13. 2007

Funding Options for Technology Startups

Since IDG Ventures Vietnam announced its investment in VC Corporation recently, many Vietnamese are wondering about VC Incubator model and how it is different from IDGVV's. A slide presentation by a founder of SlideShare could be an answer.


If you need further assistance on funding models, feel free to contact me.

Posted by Jason at 08:17 | Comments (3) | Trackbacks (0)
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Tuesday, June 12. 2007

Build a Web 2.0 Site for $12,000

Guy Kawasaki confessed his cost of starting Truemors is $12,107.09. In Vietnam you can start the equivalent with a fraction of the cost, however it is harder to get free PR since Guy is the Valley's celebrity. Who could launch a Web 2.0 Site for less than $1,000?
Posted by Jason at 20:08 | Comment (1) | Trackbacks (0)
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Thursday, April 19. 2007

Startups Should Have A Blog

Almost Vietnamese startups do not blog now. Via an interesting post Why Startups Should Have A Blog
  • Find Co-Founders
  • Find Employees
  • Find Early Customers
  • Get Early Feedback
  • Find Investors
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Friday, March 30. 2007

Do You Need MBA?

Thinking of web business startup but not confident of your academic education as Mekong Capital prefers entrepreneur wannabes with MBA degree (my earlier post)? No worry, yesterday Forbes featured an
article: Do M.B.A.s Make Better Entrepreneurs? Looking into some recent successful Chinese entrepreneurs: Alibaba.com' Jack Ma, Focus Media's Ja son Jiang, Baidu' Robin Li, NetEase's William Ding, Tencent's Pony Ma - no MBA. Go ahead Vietnamese entrepreneurs 2.0.
Posted by Jason at 12:31 | Comments (0) | Trackbacks (0)
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Monday, March 26. 2007

The $20 Million Challenge

Early 2007 Mekong Capital Vietnam launched $20 million challenge -Thách thức $20 triệu competition. It is truly a business plan competition even it is stated beyond that. The priority categories are distribution of branded consumer products, retails, franchise and no mention of web services. This implies Mekong Capital would not join Vina Capital DFJ and IDGVV on tech VC battle ground. Young tech entrepreneurs rather digg into CNN Business 2.0 feature as Mekong Capital does not favor tech savvy guys under 25 and have no MBA diploma. The 22 year old Mark Zuckerberg with his Facebook could reach $1 billion. Vietnamese Phùng Tiến Công started nhacso.net with FPT Music in 2005 at 24 years old. As my earlier post, if you have a good concept and dream team just start and VC should come along. Competitions and gameshows can make an American Idol and The Apprentice but not a Simon Fuller and Donald Trump.
Posted by Jason at 17:10 | Comments (2) | Trackbacks (0)
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