Home News Are VCs funding the entrepreneur lifestyle or a sustainable business ?

[Discussions] Are VCs funding the entrepreneur lifestyle or a sustainable business ?

Author

Date

Category

- Advertisement -

Step into the startup hub of Singapore and you will find Beemers, Mercedes and Audis. How did this happen?

As startup founders, we have all seen this before.

Back in the day, when government grants were readily available, entrepreneurs were appearing out of nowhere, living this lifestyle of “yea, I run a startup, a very cool one”. Plus, they could back it up by saying, “I was featured in Straits Times, which means I am doing great!”

When VCs started to be more active, startups started getting all the necessary funding, making high-impact moves into regional markets. At the same time, we (entrepreneurs) wondered, “How is that business sustainable?” Why are the investment funds justified? Why did the VC pick that company?

- Advertisement -

Now, don’t go ga-ga about all those investment philosophies and this potential exit opportunity or that 5-year-plan. I respect the ROI talk, but how does this actually benefit the economy? Or the lay-person living and breathing here in Southeast Asia?

How should we handle VCs and entrepreneurs that seem to be raising cash to live the good life?

Copyright: NejroN / 123RF Stock Photo

The post [Discussions] Are VCs funding the entrepreneur lifestyle or a sustainable business ? appeared first on e27.

Source: e27
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

KF Seetoh on errant cyclists: “You need rules la, that’s common sense”

Singapore -- Recent reports of reckless cyclists on the road have prompted  street food guru KF Seetoh to come up with his own recipe for road safety. "Implement road safety for cyclist too, just like how (bike) riders (and) drivers are strictly...

Unpopular opinion: Libel damages should be increased for those who crowdfund, says Calvin Cheng

Singapore -- Courts should take into consideration that libel damages can be crowdfunded and the amounts should be increased accordingly, says Mr Calvin Cheng. In a Facebook post on Saturday (Apr 17), the former Nominated Member of Parliament (NMP) contended that courts...

Migrant worker helps visually impaired senior cross the street at AMK

Singapore—In today’s jaded world, it’s easy to find news that angers or upsets us, and therefore good news of people’s kind acts never fails to bring joy. One such recent act of kindness was shown by a migrant worker who took the...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

Theindependent