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Seed round fundraising

6 Nov 2014 ‘

Ching, Co-founder at Vault Dragon

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LIVE WORK PLAY

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Origins Founded in 2013.

Graduates of FounderInstitute and JFDI.Asia

PresenceOperations in both

 Singapore and HongKong 

FundingRaised S$1.2MM

in seed round

TractAnnualised

>S$300

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  hat we learned

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Fundraising is

distracting

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Get warmintroduction to

investors

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Opening > Problem > SolutiTraction > Market >

Business Model > Team Vision > Ask > Closing

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Find the right “fit”investors

Bonus: Gogovan vsEasyvan

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Know howvaluation and

term sheet work

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There is no “best”term sheet. Don’t

optimise

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“Avoid investors till you decide to raise money, and then when to them all in parallel, prioritized by expected value, and accepgreedily. That's fundraising in one sentence. Don't introduce

optimizations, and don’t let investors introduce complications

Fundraising is not what will make you successful. It's just a meend. Your primary goal should be to get it over with and get b will make you successful—making things and talking to users —path I've described will for most startups be the surest way to tdestination.

Be good, take care of yourselves, and don't leave the path.”

- Paul Graham (2013)