Thank you, Thailand!!! Just wrapped up our 2nd annual Show Me the Baht - Term Sheet Bootcamp Bangkok 🎉🎉! Much appreciation to our Sponsors- Krungsri Finnovate, Bangkok Bank InnoHub, Taiwan Tech Arena, Singha Ventures and Anduin Transactions for making this event so successful. Special thanks also to the Community Partners- Spaces, Ananda Campus at FYI Center, HUBBA Thailand, AIS The Startup, dtac Accelerate, Techsauce Thailand, Thailand Tech Startup Association and NSTDA for the support extended to our team in Bangkok. It was also a pleasure to have Ambassador Tung from the Taipei Economic & Cultural Office in Thailand to address the attendees with his opening remarks highlighting the cooperation between Thailand & Taiwan. With everyone’s participation, this year’s event was an awesome networking and learning workshop for everyone!
This year, TSS was excited to invite 20+ international investors, legal/accounting experts and serial entrepreneurs to share their first-hand knowledge and experience on how to prepare for fundraising and to help startup founders build the proper mindset for negotiating a Term Sheet.
Also, it has been a great pleasure to meet the 16 awesome Startups, and all the outstanding Entrepreneurs and our Corporate and Media friends! This Bootcamp would not have been as fruitful without all of you!
📝 Key Takeaways:
✒️ There’s no definite answer to the financing amount; it’s about the startup’s actual need.
✒️ Fundraising is a process of self-examination of your business strategy.
✒️ How can Thai teams sustain competitive advantage? Find and hire the right people.
✒️ Investors are not looking for beautiful statistics, but rather how you are going to spend their money.
✒️ Due Diligence is a two-way process, you can find out if the investor is a proper fit.
✒️ A Term Sheet is like a prenuptial agreement rather than a mere business deal; a good investor would aim to bring you toward the next round.
😯 Missed out on this years Bootcamp? Check out these #StartupFundraising101 clips on our YouTube Channel (https://youtu.be/SjuiBr6_3sk).
👀 Want to stay tuned to future events? Subscribe to our newsletter at https://www.startupstadium.tw/ AND like our Facebook page for all the latest updates!
Photo Credits: Taiwan Startup Stadium 台灣新創競技場
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