Unveiling Chinnovation – Rush to claim $1,000,000 in prizes

On December 16, 2010, in Chinese Innovation, Chinnovation, Venture capital, by tanyinglan

Update: Chinnovation has been ranked #1 on Amazon on Apr 17 2011 for Business & Investing (International). Thank you all for your support!

Given the momentum of Chinnovation, I have started blogging at Chinnovate. For more updated events, products and services, please go to http://www.chinovate.com or click the link below.

My new book is finally here. Chinnovation: How Chinese Innovators are Changing the World

I could not be happier with the end product. Truly, I am ecstatic.

Chinnovation - How Chinese Innovators Are Changing The World

I have set myself a goal to challenge the New York Times bestseller list and to reward my loyal supporters for their endearing love: so, here are the deals.

In a nutshell,

  • Basics: Buy 1 book (cost $19) and receive $120 in bonuses
  • Incremental Chinnovator: Buy 3 books (cost $57) and receive $250 in bonuses
  • Disruptive Chinnovator: Buy 10 books (cost $190) and receive $1025 in bonuses
  • Uber Chinnovator: Buy 5000 books or best promoter of Chinnovation wins a chance of a lifetime 5-day exclusive trip to China.

Continue reading: It gets better and better.

Basics: Buy 1 book (Cost $19, Bonuses $120)

Spots: Unlimited spots available

Total value: $120 (for a $16 book)

INSTRUCTIONS:

  1. Buy one copy at either Barnes & Nobles or Amazon.
  2. Fill out this form

Incremental Chinnovator: Buy 3 book (Cost $57, Bonuses $250)

Spots: 5000 spots available

Total value: $250 (for a $57 in books)

INSTRUCTIONS:

  1. Buy one copy at either Barnes & Nobles or Amazon.
  2. Fill out this form

Disruptive Chinnovator: Buy 10 book (Cost $190, Bonuses $1025)

Spots: 1000 spots available

Total value: $1025 (for a $190 in books)

INSTRUCTIONS:

  1. Buy one copy at either Barnes & Nobles or Amazon.
  2. Fill out this form
  3.  

Uber Chinnovator: 5000 copies challenge

Spots: 2 spots available

5-day once-in-a-lifetime adventure in China

EDUCATION

Hear from the world’s leading faculties from Peking University, Fudan University, Tsinghua University, as well as senior Chinese government and business leaders on winning business strategies in China. Learn concepts and topics such as:

  • Building a heightened awareness of the political, cultural, social, and economic issues facing Chinese companies in global markets.
  • Acquire the frameworks to develop and implement strategies that help you reinvent yourselves and stay ahead of the competition.
  • Formulating and administering a successful China strategy in the face of economic uncertainty and fierce competition. This will also be an invaluable opportunity to establish a privileged network of peers from leading companies!

BUSINESS MATCHING

  • Engage in exclusive meetings with government leaders and senior executives of China state-owned and private enterprises. From high profile, young executives taking companies public to mainland entrepreneurs who are redefining the business landscape, have you ever wonder: (i) How did Richard Chang, CEO of SMIC, managed risk and diversified its product its product line to catch up with its competitors? (ii) How did Zhang Tao, CEO of Dianping, start a ZAGAT-inspired user-review site for restaurants and establish a continuous process of innovation?
  • Here is your chance to explore “Chinovation” and get your answers straight from the lion’s (or the dragon’s) mouth.

VIP TRAVEL

  • Experience China like never before. Tour highlights include imperial palaces, ancient temples, colonial-era architecture, water gardens, rustic villages, local markets and stunning landscapes to help you gain a holistic appreciation of this 5000-year old civilization of 1.3 billion people, both culturally and historically.

Also includes roundtrip economy airfare from and back to the U.S. (or comparable destination)

I’m almost 100% that I’ll be there to show you around.

If you want to go for the gold, get amped and promote Chinnovation best by 1 Feb 2011 and tell me what you did in the comments. Measure your impact (clicks, sales, etc.) whenever possible.

If you are the best promoter, judged by me and a panel of friends, you get to go to China for one trip of a lifetime… for free. I will almost definitely be in attendance.

Date: March 2011 or based on your availability
Total value: Priceless (for 5000 books or best promoter of Chinnovation)

INSTRUCTIONS:

  1. Buy 5000 copies at either Barnes & Nobles or Amazon.
  2. Fill out this form. Done.

Check out more details at Chinnovate.

ANGEL FINANCING: CHAPTER 1: THE PITCH: The entrepreneur gets a taste of pitching to angels

On June 7, 2011, in Angel Investment, Angel investor, by tanyinglan

Below is a compilation of essays Daryl Tan and I wrote about angel financing from 2009 to 2011. They were written to entertain as much as to educate. They are forthcoming in a book entitled “Angel Financing – A Primer for Entrepreneurs” in 2011. (Disclaimer: Some of the advice is dated. Please read at own risk.)

CHAPTER 1: THE PITCH: The entrepreneur gets a taste of pitching to angels

“Everything will be free on eFree”.

“Free?” I asked.

“Yes, free! We’ll give away the newest and most updated products to our users. We’re going to revolutionize market research by giving away free samples to our users”.

“So how does it work?”

“Well, we help companies distribute their samples to their target audience and follow-up with questionnaires. The company will then get a full market intelligence report based on the analysis which we provide. It’ll be more than half the price of current market research companies.”

Kian Teck stood bravely in front of the 45 seat seminar room. His right hand held the presentation mouse firmly as he pointed the audience to the first of his three slides.

We were in Singapore Management University, where I was rounding up an entire semester of Entrepreneurial Finance. The 15 weeks spent in class exceeded expectations and as part of their course work, student teams developed business plans to pitch to VCs. The school was located right in the center of the small country, and a stone’s throw away from the shopping district. On a Friday evening like this, the noise from cars trying to beat the traffic lights poured into the room, reminding you that the weekend had already begun.

Only recently, Singapore’s GDP grew double-digits to pull the small country out of poverty into a developed nation. This shift had already made the last generation business leaders rich, rewarding entrepreneurs who started manufacturing and service businesses. Riding the next wave was different, and investors in Singapore now had to look for disruptive innovation that can quickly scale to regional or global markets. Like many governments in today’s world, Singapore sees entrepreneurship as the way to enhance domestic job and value creation.

Dressed in his crisp white shirt and black pants, Kian Teck stood in front of a well-prepared PowerPoint presentation. His team, were lined up at his side, look anxiously around the room like eagles looking for prey, carefully searching for any reaction from the crowd and their professor. Their task was to convince the class in three minutes that they’re business was worth investing in, a difficult yet powerful test of their product.

“Our business model makes sense because we are an internet business, with a low burn rate and an unlimited upside potential.”

Most internet business’s pitch start with the same strategy – provides a service for free, grow its user base by astronomical proportions and earn advertising revenue. Sooner or later they will show the famous “J” curve, telling the same story of 2-3 years of losses and many more years of profitability. After experiencing what it is like to grow a business from scratch, you start to lose your optimism.

Many people jump on the idea of an internet company because of the great potenial it has for allowing their product to reach the world. Like inexperienced pirates looking for lost treasure, they soon realize that the journey is more dangerous and perilous than told. Starting off with a simple map showing a straight forward route to the treasure, they soon find out that their journey will take them through many some of the most trying and desperate storms. Ask any serial entrepreneur to show you his vbattle scars, and you’ll find out that after exhausting all the intelligence needed to steer the business, start-ups are at the mercy of forces larger than themselves.

This makes the pitch a very crucial initial contact point between angels and entrepreneurs. We can summarize these criteria into 4 broad questions:

 

  1. Characteristics of a successful company

Just like other asset classes, the savvy angel investor is one who understands the underlying business seeking financing. The type of business angels invest in should fit their expertise and asset-risk allocation. Depending on your background, you may want to invest in a cash-generative business over a venture-backed risky investment.

Incorporation

    From an entrepreneur’s perspective, incorporation formally puts the founder’s skin in the game. A newborn start-up with life is born and the founder’s vision of the business is brought to reality. Although incorporation may not be high on the agenda of entrepreneurs at the beginning, investors look to it as a sign of commitment, a sort of self-validating signal that these entrepreneurs mean business. Without incorporation, hosts of financing options are closed to the entrepreneurs – incubators, early stage VCs, government grants etc.

    Does it have intellectual property?

      Intellectual property (IP) can come in many shapes and sizes (from the trademark logo to the revolutionary product). The two salient features about IP, which entrepreneurs must consider, are the IP’s protectability and commercial value. Protection of IP can come in many ways, the most costly of which is the application of a patent. In the early stage of a venture, this is not an absolute necessity unless the start-up has sufficient cash flow to finance the application of the patent. The cheapest way to maintain a company’s secrets is to maintain a ‘black box’ strategy when pitching to outsiders. This just means you tell them minimal information they need to know about how your product works and focus on how your product can transform inputs into real outputs.

      Compliance

        “We are targeting consumer products which have high turnover and offer a unique value proposition to our clients. They will be able to reach their potential customers with almost no cost at all.” Kian Teck continued.

        I looked back at my watch; he’s doing well so far, covering much of the business model in the first one and a half minutes. The session was tailored as an elevator pitch and the only rule was that everything you wanted to say had to be done in three minutes. If an entrepreneur couldn’t interest you in those 3 minutes, chances are that you won’t invest.

        Elevator pitches does wonders for angels. Firstly it saves you time from having to sit through a half-hour presentation on a business idea you know will not take off. Secondly it shows you how much thought and preparation the entrepreneur gave to his pitch. A good pitch must hit on the key points and issues and not waste time on less important things. Within 3 minutes, Kian Teck was expected to cover eFree’s target market, business model, competitors and milestones.

        Finding the right match

        Getting the business plan polished is not the only worry, as Francis, a Singapore angels says, “there has to be some chemistry involved. When I work with companies or asked to work with companies, I spent a few months trying to develop chemistry with the entrepreneur. Many a times the entrepreneur, for some reason, don’t feel you can add value to them. You can’t help everybody, you only help those who believe that you bring something to the table that they don’t have. Just because you put in money, it doesn’t mean you have the right to do things in the company. You really have to be yourself – you have to let them know that your interests are aligned with theirs, and you’re not there to exploit them.”

        “Our competitors are larger market research companies who are not targeting local small and medium companies. This puts us in a good position to provide this service to this range of companies.”

        I quickly flipped up my laptop screen and did a quick search for any similar businesses which may already be around. As Sun Tzu said, ‘know your enemy and know yourself’. Any entrepreneur who does not have a firm grasps of competitor business models and value proposition probably will not know differentiate himself.

        “The first two years will be tough for us”, he continued, “we have to grow our user base to a critical mass in order to attract our anchor clients.”

        “How exactly will you attract these initial clients and users?”

        “We have a marketing plan, and will build the two simultaneously…”

        This is where business school students shine – marketing, finance and corporate development. However if you look at the profile of successful entrepreneurial teams, there

        ‘The End’

        Kian Teck smiled and gestured to his team as they ended the presentation. Now it was time for the next most important part of the pitch, the question and answer. Just like the wolf’s strong blows in the story of the Three Little Pigs, questions will destroy businesses built on weak thinking. I chuckled.

        At the end of the day, the pitch only opens further conversation. Angels and VCs back the people behind the plan, for good reasons. Research from Harvard shows that entrepreneurs with a track record of success are much more likely to succeed than first-time entrepreneurs and those who have previously failed. In particular, they exhibit persistence in selecting the right industry and time to start new ventures. Entrepreneurs with demonstrated market timing skill are also more likely to outperform industry peers in their subsequent ventures.

        “What type of products will you be targeting?” I asked, wanting to start with the easy ones before working my way down to the tougher, more prying questions. The question and answer is the most revealing time of the pitch. It shows you the team’s strength, their understanding of the business or markets and how serious they are. Just like a VC pitch, angel investors need to probe deep enough to find out where the teams’ weaknesses lie, and see if there can be a complementary fit in skill and experience.

        “We’ll be targeting products which have higher turnover, where it will make sense for companies to use our cheap and effective market research channel.”

        “Why would companies give their samples to you instead of doing it themselves or going through a bigger agency?”

        Silence entered the room. Everyone in the room watched as the Kian Teck looked at his team mates for support. Someone must have had an answer to this question.

        “We offer them the same access to the market but with a cheaper costs and shorter turnaround time. We’ll have their reports done up quicker than our competitors.” Kian Teck said, finally breaking the seconds of silence.

        I quickly scribbled onto my notes, ‘needs more thought on competitor value propositions and business model’.

        Entrepreneurs need to put a substantial amount of thinking into their initial business model and value proposition, but they also need to be flexible. Sticking to the initial business model turns out to be a good way to fail. Successful companies will always change their plans as they receive feedback from the market. <insert reference from Onset Ventures>. As Joichi Ito, a renowned and successful angel investor puts it, “If you’re not embarrassed by your first launch, you’ve released too late because the users are going to tell you what to do. You really need to just get out there, get people using your product and get feedback.”

        “Any mentors or advisors you’ve spoken to?”

        “Not at the moment.”

        Another red flag for any pitch is empty advisor seats. Unless entrepreneurs are experienced in the industry, they usually need the help of advisors or angel investors to open doors for the company. Advisory seats and angel investing should help mitigate this gap. If this team was serious in this venture, they would have to talk to the correct people.

        Paul Graham writes “Paradoxically, funding very early stage start-ups is not mainly about funding. All good investors supply a combination of money and help. But these scale differently. At our end, money is almost a negligible factor”. What good start-ups are looking for is smart money, money which can enhance their value proposition and increase customer acquisition.

        ‘Ding’, the second bell went off. A signal that their time was up, on a Friday evening everyone kept a close watch of time. The bell also meant that it was time for the verdict.

        I picked up the ‘needs more work’ card. The students were told there would be three possible verdicts – ‘forget it’, ‘needs more work’ and ‘I’ll write you a cheque’; the replies they would receive from would be investors in a real setting.

        If I were an angel investing thinking of making investments, my journey had just begun. The entire process can be quickly summed up in four stages – sourcing, screening, investing and coaching.

        A key thing to do after the pitch is to bounce a business plan off to trusted people and investors. This gives you a better perspective of the business especially if you do not have particular domain expertise. Using networks in this manner also help you diversify risks through co-investments and may open doors to a good deal if it comes by another angel’s doors. I pulled out my smart phone and forwarded the business plan to a trusted friend and serial entrepreneur, R. Mariani.

        I watched the last students walk out of the seminar room as I packed my things to leave. ‘Not bad pitches for first-timers’ I thought to myself as I went home.

        The next morning I opened my email to find an email from R. Mariani:

        “I find the business plan complete and clear, and I had a pleasure to read it several times. I clearly understand the value proposition but I have few comments related to my past experience in selling things online in platform such as CNET.com for software. CNET offers powerful packages for the industry to let users “try” and/or “buy” softwares and today, they have 38m users visiting their website daily. Now a problem emerges: how can my product be noticed in the thousands of products they represent? It requires expensive marketing, very neat brochures, proper keywords and even a premium to be paid for being noticed online!

        If you target all the Small Medium Enterprises and they want to use business federations and networking sessions to get them: i think it is a great way to initialize their database. I guess the question an SME will have is three-fold, “One, how can you guarantee me that the consumer will “see” my product? (how much I need to pay extra to be on your top search results?) (as C|NET). Two, what happens if the product is not returned? Third, what happens if the product is evaluated by a competitor?

        I understand that they have plans to get consumer signing up, but I think there is an extra marketing cost for getting these consumers to sign-up. They mentioned booth etc… but they may need to do more.
        First. Marketing via ads – does the SME will put an ad somewhere and say “try it for free with eFree?” ? Second. viral marketing – what makes the user come and sign up? there must a product (or benefit) which is used to attract users (free l’Oreal etc…)
        Third, can the team do social marketing – plugs to social networks;

        I smiled. The team has plenty of work to do.

        This is Part I of Chapter 1. To be continued in Part 2.

        Tan Yinglan is a Kauffman Fellow and is serving on boards of innovative growth ventures and venture capital funds in Asia. He was the first director of 3i Venturelab China, a joint-venture between private equity firm 3i (LSE:III) and INSEAD, one of the world’s leading business schools.

        Educated at Harvard, Stanford and Carnegie Mellon, Yinglan is an Adjunct Assistant Professor at Nanyang Business School and teaches the Masters program in Technopreneurship & Innovation (Chinese). He now works with the Singapore Government to enhance the innovation and enterprise landscape in Singapore.

        Daryl Tan sits in PwC’s advisory department, a dynamic and capable team that does financial due diligence and strategy advisory. His deal experience has brought him to various parts of China and into the board room of pre-IPO companies.

         

        Upcoming Venture-backed IPOs (Linked-In)

        On May 15, 2011, in venture-backed equities, by tanyinglan

         

         

        Email not displaying correctly? View it in your browser

        Way Of The VC (supported by Venturepunt) brings you…

        Upcoming Venture-backed IPOs

        Greetings,

        Sorry for the radio silence – I have been working on a new book with a top-tier hedge fund manager and I wanted to give you a sneak preview.

        Brief Synopsis:

        Imagine telling your grandchildren you bought shares of Google (GOOG) when the company first went public. That would explain the Lamboghini, the house on the Riviera, and the 40-foot yacht. But for every Google millionaire, there are dozens of other investors who’ve lost money buying hot new issues, or IPOs.

        Venture-backed companies that successfully enter the public markets represent a critical job-creation engine for the economy. One key to making investment decisions is to watch what the top-tier venture capitalists are doing to their portfolio companies and — better yet — to anticipate their moves. Their decisions will move markets, and you want to profit from these moves. Case in point is Google, backed by Sequoia Capital and Kleiner Perkins. Post-IPO, the price of Google increased almost 4000% from $100 per share to more than $450 per share. Some of these venture-backed stocks could make a major move upward post-IPO; We show you how to spot the ones that could take off.

        However, wisdom breeds caution. It is important for the savvy investor to take note of caveats: Many have issues with the fundamental concept of marrying VC fund management with mutual fund management. The knowledge and skills required may have some overlap, but the key areas of expertise that determine success or failure are very different. This is why, as a standard practice, LPs (Limited Partners) put in a standard clause into Limited Partnership Agreements (LPAs) that require GPs to completely sell all their shares in companies that have gone IPO within 18 months of the IPO. LPs do not want GPs to indulge in stock market speculation as that is not their expertise. So how do you punt on venture-backed investments?

        Case Study: Qihoo

        Chinese Internet company Qihoo 360 went public with a bang on March 30th on the New York Stock Exchange, with shares immediately doubling at the start of trading. The Internet software company sells antivirus software and security services.

        Should you buy the Qihoo IPO? We introduce you to the concept of U P D I V E (which will be further discussed in detail in Chapter 2-7 of the book).Let’s examine the Qihoo via the lens of UPDIVE.

        The U is Underwriter. The pedigree of the underwriters matters. Qihoo’s underwriter was UBS AG and Citigroup Global Markets Inc. One would ideally like the major firms (e.g. Goldman Sachs) to be the underwriter as these firms carry reputational risk in bringing a firm public, and do not merely want to collect fees.

        P stands for Products i.e. New Products. Other than Qihoo’s flagship product, 360 Anti-Virus, an anti-virus application to protect user’s computers against trojan horses, viruses, worms, adware, and other forms of malware; Qihoo has a suite of new products at its timeof IPO. This included 360 Mobile Safe, a security program for the Google Android, Apple iOS, and Nokia Symbian smartphone operating systems.

        D stands for Direction of Macro Market – First and foremost, the market direction should be bullish. At March 30th, the Dow Jones was facing one of the strongest bull market since the 2008 recession.

        IIndustry Leader. Qihoo also develops Web-based games and makes the second-most used Internet browser in China, behind Microsoft’s (MSFT, Fortune 500) Internet Explorer. With 300 million Internet users in China — a number that’s rapidly rising – (though not a industry leader) second place is an attractive position to be in.

        The V signifies Venture Capital. Qihoo attracted significant interest from U.S. venture capital firms, receiving backing from big-name VCs such as Sequoia Capital and Highland Capital Partners.

        The E is Executive Team. Qihoo 360 is led by a seasoned and visionary management team with extensive industry experience and proven track record in China’s Internet industry. Most noteworthy is the cofounder, Mr. Zhou Hong Yi who has over ten years of managerial and operational experience in China’s Internet industry. Prior to founding our company, Mr. Zhou was a partner at IDG Ventures Capital since September 2005, a global network of venture capital funds, where he assisted small- to medium-sized software companies in sourcing funding to support their growth. Mr. Zhou was the chief executive officer of Yahoo! China from January 2004 to August 2005.

        The roots of Qihoo 360 reach back to 3721, Yahoo China, and Alibaba. In October 1998, Hongyi Zhou launched 3721 and its flagship product, 3721 Assistant. 3721 was a browser plug-in that enabled web users to submit Chinese characters instead of alphabetic letters in the browser’s URL bar.

        But 3721 Assistant was also a controversial piece of plug-in, sometimes called “malware”, as it would install itself without asking for permission and was difficult to uninstall. Chinese netizens gave Hongyi Zhou the nickname, “The Father of Malware.” By 2003, 3721 Assistant reached 70 million users and over 80% market share.

        On November 21, 2003, Yahoo China acquired 3721 at which point 3721 was renamed Yahoo Assistant. In December 2004, Hongyi Zhou became the Chairman of Yahoo China and Xiangdong Qi became Yahoo China Vice-Chairman as well as CEO of 3721. At that point Zhou said he would take one to two years to develop innovative new products and methods. But the new attempts were not very successful and it was instead a competitor, Baidu, that went public in August of 2005.

        In July 2005, Hongyi Zhou suddenly resigned from Yahoo China and the next month Xiangdong Qi left too. This was right when Alibaba purchased Yahoo China and in an interview Mr. Qi said, “If Yahoo China hadn’t been acquired by [Alibaba CEO] Jack Ma, I’d still be there as I have big ambitions for Yahoo China… but now I can only start anew.”

        The end result:

        Qihoo 360 (QIHU) priced its stock at $14.50 a share, but shares opened at $27 and quickly soared as high as $33.40. The company raised more than $175 million in its IPO. Disclosure: I purchased 500 lots of stock at an average price of $28 and sold for an average of $33.

        Coming up next week:

        LinkedIn, the social network for professionals, has set a target price of $32 to $35 a share for its IPO, expected next week, according to the Securities and Exchange Commission.

        LinkedIn hopes to raise as much as $274 million, and if the IPO is successful, the company should be worth over $3 billion after the offering. Trading will commence on the New York Stock Exchange under the ticker symbol LNKD.

        LinkedIn is just the latest internet startup to go public this year amid an increasingly frothy IPO market.

        LinkedIn Corp. increased its planned initial public offering, valuing the largest professional social-networking website at more than $3 billion. The company now plans to sell as much as $315.6 million of shares to expand the business, according to SEC reports.

        To find out what I think of the LinkedIn IPO, let’s continue the conversation online (click like to see the discussion) or in person here.

        To wisdom and beyond,

        Way Of The VC Team

        (Pls also check out our new and improved website)

        Related products you may find interesting

        Way Of THe VC

        -Having Top Venture Capitalists on Your Board

         

        Yinglan gives valuable accounts coupled with insightful observations about the past, present and future of an industry that is still in its infancy–but growing up fast. The book will also help entrepreneurs who need venture capital financing by showing them how VCs add value to their companies. This book belongs in the library of anyone who has ever taken a serious interest in venture capital.

        –Neil Shen, Founding and Managing Partner, Sequoia Capital China

        Chinnovation

        -How Chinese Innovators are Changing The World

         

        Innovation in China has gone through a transformation and now rivals the Silicon Valley in its creativity, entrepreneurship and human drive.

        This book hits a nerve. Chinese start-ups are rocking the world. Yinglan Tan captures a snapshot in Chinnovation that most journalists have been blind to. China is not just making cheap imitations, China is thoughtleading. It is amazing what free trade, free markets and a light-touch government can unleash in a society.

        Timothy C. Draper, Founder & Managing Director, Draper Fisher Jurvetson

        DEAL NOTE

        -The notebook

        by VCs for VCs

         

        Why do the top 5% of venture capitalists consistently outperform the rest of the industry? What are the best practices which investors in Google, Zynga and Skype adopt and what metrics do they use for evaluating investments?

        Dealnote translates the intelligence of top VCs into an app at your fingertips. This app is more than a guide to seeking funding from VCs from inception through deal completion. This app is more than a due diligence toolkit used by venture capitalists. Read more here

        Shadow

         

        Sent to *|EMAIL|*: unsubscribe |
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        Venture Capital Roundtable to Armenian Representatives

        On January 12, 2011, in Venture capital, by tanyinglan
        Armenia

        At the request of valued friend and colleague Pierre Hennes, I was invited to give a presentation at the venture capital roundtable to a group of senior Armenian Delegates.

        Looking at Armenia‘s geography, it is sited in a hot spot between Turkey and Iran, which probably accounts for the fact that the Armenians I know are tough as nails and full of grit and determination. I also found out that Kirk Kekorian, distinguished entrepreneur and owner of MGM, is Armenian by descent. Little surprise. Another facet which impressed me was the drive and determination by Armenian authority in their quest to enhance their innovation and enterprise landscape. My hypothesis is that government can only go so far in setting the stage and the private sector has to take over and in the process hopefully become “fabulously” rich. Risk and reward are undoubtedly intertwined.

        Unveiling Valuator on the Iphone and Ipad – the only app to calculate the value of startup in 5 minutes

        On December 19, 2010, in startup calculation, Valuation Calculator, by tanyinglan

        My app on the Iphone and Ipad is finally here. Unveiling….The Valuator

        Valuation of early-stage companies is both an art and a science. This app provides a back-of-the-envelope estimate of the valuation of your company which sets the basis for negotiation.

        Endorsed by leading venture capitalists, angels and entrepreneurs. App was codesigned by serial entrepreneur Aaron Tan and internationally published author of ‘Way Of The VC – Top Venture Capitalists On Your Board’ and venture capitalist Yinglan Tan (http://www.wayofthevc.com.)

        Startup Valuator

        Startup Valuator Computation

        Startup Valuator Margins

        Startup Valuator Report

        As part of the launch, for every purchase of the Valuator App (Cost $1.99 on Itunes), I will be giving free gifts for a total of $100 in value if you purchase the app within the next 72 hours.

        - Digital Copy of Way Of The VC – Top Venture Capitalists On Your Board ($21.84)

        - Digital Copy of Chinnovating Your Life ($29.95) 

        Total Cost of US$1.99, Total Benefits of US$100.

        If you want to go for the gold, get amped and promote The Valuator best this week (offer ends on 24th Dec 2011 midnight) and tell me what you did in the comments. Measure your impact (clicks, sales, etc.) whenever possible.

        If you are the best promoter, judged by me and a panel of friends, I will also throw in the New Venture Creation Course by Tan Yinglan, Nanyang Business School Professor and Praised Author (Value: $250)

        Instructions:
        1) Down the app on Itunes / Ipad / Iphone or here
        2) Send receipt of purchase to receipt to receipt@thewayofthevc.com, including your name and email address. You will be sent a link for download. Done.

         

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