How to find out new startup companies in Vietnam to invest in?
In the article “Top 5 fintech investment platforms for VCs in Vietnam”, FinFan discussed platforms for VCs to find out the startups that they want to invest in.
Using these platforms is one of 5 ways in which investors can research and discover the potential startups that FinFan mentions in this article, and this is the best answer to the question: How to find out new startup companies (or first stage to the third stage of startups) in Vietnam to invest in?
What are new startup companies?
In the essays about seed round funding and series funding, FinFan mentioned about 2 stages of startup funding. That is only 2 of the 7 stages of a startup’s life. The new startup companies (or startups from first stage to the third stage of startups - from idea to pre-seed stage of startups).
Before the seed round. Startups must overcome the idea stage; friends, family and angle stage; pre-seed stage) in which all this company has are just an idea and equipment for existence. That calls new startup companies.
How to find out new startup companies in Vietnam to invest in?
Like the information above, there are 5 ways to findout new startup companies to invest in Vietnam:
- Using the fintech investment platforms for VCs (some crowdfunding websites)
This was mentioned in the Top 5 fintech investment platforms for VCs in Vietnam.
- Using the relationships
In Vietnam, we have the funny saying: “First is relationship then second is money”. This partly shows the importance of a very beneficial relationship in every job, especially in the investment field in Vietnam.
The more relationships that you have, the more opportunities you can grasp easily to invest in a good startup.
An example of this case is the decision of Standard Chartered when this venture capital invested in MoMo through the invitation for co-investment of Goldman Sachs. This has been the right decision until now when MoMo recently evaluated more than $2 billion.
- Taking part in the program for startups
According to the content in the article Startup funding for small businesses in Vietnam, we know that in Vietnam we have many programs for startups that have been organized annually to connect the startups and investors.
In these programs, investors can go through booths of startups, listen to their ideas and discuss more with them about the potential of development in the future before they decide on whether to invest in these startups or not.
Especially in these programs, they also can meet other investors or mentors, with whom they can keep contact and maybe have a chance to co-investment in the future.
- Participating in events or specialized workshops
This way is harder than the 3rd way when all these events or workshops often talk about specializing in a certain field. Usually, people go there looking for potential customers or to learn more about expertise instead of looking for an investment.
However, by keeping in touch with these people, you can understand more about a new business field and maybe can have a chance to invest in these founders’ startups in the future.
- Researching from LinkedIn
LinkedIn is the best B2B social media according to the newest research of the Content Marketing Institute. On this channel, people often post many articles about their specialty, searching for jobs or looking for business opportunities and cooperation with each other.
Especially investors in a new startup can go to these channels to find out the activities of founders’ companies and understand more about their performance before deciding to stay in touch and invest in them.
These are five ways for investors to find out startup companies in Vietnam to invest in. Can you list out more solutions for them, let’s FinFan know if you can by commenting on this article.