JFDI’s Ray Wu Talks About What’s Happening in the Singapore Startup Scene

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A common question circulating in the minds of many entrepreneurs in the Asia Pacific is: “Which is a better place for startups—Hong Kong or Singapore?” Answers vary depending on who you ask.

Ray Wu, program manager of JFDI, would heartily say Singapore, the birthplace of The Joyful Frog Digital Incubator. Wu’s laidback and comical personality warmed up The Hive last week as he delved into the lifestyle of Singapore as well as the JFDI accelerator program. A 100 day commitment to live in Singapore and learn how to pitch in front of valuable investors may sound brutal to some, but to those willing to accelerate their startup see it as a great opportunity.

It all begins with a good pitch, one of the main aims of JFDI. Wu broke down the dynamics of a solid pitch into ten easy steps, from problem to vision, demonstrating the importance of communicating ideas to investors. Funders want to see a scalable business, something that can produce an income in a predictable fashion over a short amount of time. JFDI not only perfects pitches and introduces entrepreneurs to investors but also connects with each participant on a more personal level. Wu stressed the importance of getting to know the person behind the idea because this added element can strengthen the interest others have in the startup.  With 60 percent of startups funded after graduation from the program, JFDI creates an environment where ideas are welcomed and pursued.

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Lessons Learned: Perfecting Your Pitch With Rui Ma of 500 Startups

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You’re stuck in the elevator an investor you deeply admire. What do you do? When given this precious opportunity to express their startup succinctly, many entrepreneurs stumble and stutter, trying to get the right words out to impress their future funder. Because of this, investors pass up brilliant ideas simply because they weren’t presented properly. Rui Ma, a venture partner of 500 Startups, stopped by CoCoon on Monday to talk about creating the perfect pitch, depending on how much time you have.

From thirty second ‘elevator pitches’ to thirty minute interactive presentations, Ma covered all bases, pointing out key features that could make your startup stand out against the rest. She busted myths, scratching out the widely believed idea that pitches were solely meant for the ears of investors. In fact, anyone could be a potential listener for they could have connections to someone else useful or be a possible employee. Ma compared pitching to asking someone out on a date, both situations requiring a great first impression.

Being concise, building credibility and connecting with your listener emotionally will keep the attention you need to get your ideas across and understood. These points were especially useful for those moments when time is precious. Whether it’s traction or impressive technology, important features of your startup will catch the attention of potential investors, broadening the chances of getting the funding you need.

SeedStars Worldwide Startup Competition Arriving In Hong Kong: Deadline July 12, Event July 19

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From Santiago to Capetown, Dubai to Tokyo, Seedstarsworld is traveling the globe to find the best startup and come July 19th, they will be making their stop in Hong Kong!

Get ready entrepreneurs for this worldwide startup competition, a chance to represent your community, gain media coverage as well as connect with potential partners. Bring your A-game because only 20 of the best startups will be able to participate in this regional competition.

The regional winner will continue on to compete in a worldwide competition against other enthusiastic entrepreneurs.

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