Shark Tank Vietnam – will sharks be mentors or just wait for the divestment date after seed funding?
Shark Tank Vietnam is a reality TV game show, where startups will seek investment opportunities from supposed sharks (venture investors) who often invest in startups at seed funding.
Sharks support companies in a variety of ways, just as was depicted on television shows. Some investors just provide financial support to businesses and wait for the opportunity to exit through subsequent fundraising rounds. Others are dedicated to assisting startup founders throughout their development process.
Here, let's analyze the psychology and investment taste of the sharks after seed funding through the following article with FinFan.
The sharks simply invest the money as they wait for the divestiture day after seed funding.
Shark Phu
Shark Phu can be mentioned first. Looking back at this shark's transactions from the show, we can see that he is a person who is well knowledgeable about financial information and frequently places strict binding terms on deals with startups.
Sometimes he wants the founding team to work for him, sometimes he wants the founder to hold the founder's house or property papers for him.
While, on the other hand, the fields that he invests in are mostly new to him and he even considers that he has no experience in this field.
In contrast, in Shark Tank, he is sometimes referred to as Mr. Wonderful because of his strong spending habits.
However, as stated in the previous essay, entrepreneurs require more than just financial support. Therefore, Shark Phu is a good fit for businesses that have already found little success in the market, and with his support, the business will soon have the funds necessary to continue running. Additionally, he is unfit to serve as a mentor for the startups he backs.
The best example of this shark's investment taste is in Thien Kim An Joint Stock Company, where he converted a 4.5 billion dong contract for 5% of the company's shares into a 15 billion dong convertible loan with interest accruing at a rate of 10% per year for three years.
After then, the Sunhouse Chairman has the option of either converting to 35% of the stock of the company or receiving the money back. Chau Long, the company's creator, concurs on this level as well.
Shark Viet
Similar to Shark Phu, shark Viet is a very detailed person about financial numbers. Sometimes in a deal, he calculates that his percentage of ownership in the company is the highest and lowers the value of the business after post-money.
The difference is that he is more drawn to fields in which he has expertise, such as healthcare, construction, labor protection, etc.
However, the act of undervaluing the business after receiving his post-money had a significant impact on the fundraising for the subsequent rounds of startups in which he took part and made investments.
His most successful deal came from CDTS Co., Ltd. of 9X businesswoman Do Thi My Dieu with high-class workwear products when he committed to pouring capital with shark Linh to own 36% of the shares at the price of 5 billion.
With the above investment taste, shark Viet is not a person who can become a mentor for a startup after the seed funding phase.
Shark Lien
Coming to Shark Tank Vietnam quite late in season 3, Shark Lien is also an investor known to pay the most when he is constantly at the top of investing in deals in the show.
This woman, like Shark Viet, is willing to invest in companies in the same industry or related to the industry group that she is in to expand her ecosystem.
She is also a person who does not or rarely deals down prices or even offers harsh conditions for startups like the two sharks mentioned above.
However, after being successful with the deal on the program, she has little time to devote to the startups that she has been investing in and continues to focus on developing the companies that she holds. Therefore, she is not a mentor for the startups she invests in.
The sharks will be prepared to serve as mentors and make the business they have invested in their life or death after seed funding.
Shark Dzung
Contrary to the above list, shark Dzung is said to be a person with a heart for startups, even participating in supporting startups to overcome difficulties in the first stages of the startup process.
Even though he is in the same position as the other sharks and the startup he is investing in made an appearance in the episode, he stepped out to support it by helping it give a presentation and successfully persuade the other 3 sharks to invest in the business.
Shark Dzung is also someone who often appears in the Shark Tank sequels to talk about his role as a companion to the startups he has invested in.
Moreover, he often appears in startup incubator projects to answer interview questions of young people who have and are dreaming of starting a business.
With such enthusiasm for startups, shark Dzung deserves to be an investor and mentor after seed funding so that the founders can trust and share all the difficulties they encountered during their arduous startup process.
Shark Hung
Shark Hung is also known as someone who has a heart for the startups he invests in. He often gives a lot of useful advice to startups in the program to continue their development journey.
In his dealings, he also often uses relationships with foreign partners to support the companies he has invested in.
He is also the one who supports startups to call for investment for the next rounds without thinking about divesting too soon, causing startups to fall.
His most successful deals were DatBike and MoPo, he was also the one who protected and gave them direction amidst a lot of criticism and suggestions from other sharks.
However, unlike Shark Dzung, he spends more time on his very successful business, real estate, than sitting and chatting with the founders of the startups he invests in. So, while being a good mentor for startups after seed funding, he still shows the essence of a true entrepreneur, where profit comes first.