John Tan is a renowned investor and venture capitalist based in Singapore. With over 20 years of experience in the finance and startup industry, he has been instrumental in the growth of numerous successful startups.
Q: What do you believe is the key to a successful startup?
John Tan: "The key to a successful startup is a combination of innovation, perseverance, and a deep understanding of your market. Entrepreneurs must be willing to adapt and evolve their strategies to meet the changing demands of their industry."
Q: What advice do you have for budding entrepreneurs in Singapore?
John Tan: "My advice would be to leverage the resources available in Singapore’s robust startup ecosystem. Network extensively, seek mentorship, and never stop learning. The support structures in place here are designed to help you succeed."
Sarah Lim is a prominent angel investor known for her keen eye for innovative startups. Her investments have helped numerous companies scale and achieve significant market success.
Q: How do you identify a startup with high potential?
Sarah Lim: "I look for startups with a strong, unique value proposition and a passionate, capable team. Market potential is also crucial; the startup must address a significant need or gap in the market."
Q: What are the common pitfalls that startups should avoid?
Sarah Lim: "Common pitfalls include a lack of focus, insufficient market research, and not being adaptable. Startups should also avoid overextending themselves too early; it’s important to build a solid foundation before scaling."