What is the most important thing to an investor?

In life, sometimes we go through a series of periods between lack information and too much information, thus our perspective and thinking are not correctly formed and clear to answer important questions.  When I started to work at Vietnam Investments Group (VIG), when joining any deals, we research everything possible about…

Explore

Entrepreneurs’ Risks

How much risk do start-up entrepreneurs take when they start? Take Ventures Capital.  A VC with USD 50M goes all around across countries and regions, see through 5,000-10,000 ideas within its first 4 years before settling with a portfolio of around 25-50 investees.  Per 10 deals, hopefully one will hit big.…

Explore

5 key lessons I’ve learned in my half 20s: (2) Awesome people with awesome things

This is the one principle that I will strive for my whole life to live with: doing awesome things with awesome people.  Interestingly, this principle is best illustrated under another VC (Venture Capital) principle: “Idea is a dozen a dame, only execution counts”.  I just have given you the idea…

Explore

Market, product, and management team

One of my most remarkable realization in business in the year of 2013 is that when a deal unites these three pillars into one, it is more likely to be a good deal.  Seems simple – but it took me time, efforts, observations, and other people’s money to learn it…

Explore

The emotional side of asset

Let’s start with Elon Musk’s wealth.  I started to notice Elon Musk’s net worth since he announced his ambitious Hyperloop project.  In March 2013, his asset was USD 2.7 billions according to Forbes; now in August 2013, his asset is USD 7.7 billions according to newest Bloomberg estimate. What makes his…

Explore

Developments that shall unfold

I remember one of the first thing when I read what Philip Delves Broughton wrote about finance in his book “What They Teach You at Harvard Business School” was that finance is all about valuation, not quite exact his word, but that was the central idea.  It took me 4…

Explore

Explore. Dream. Discover.

This late afternoon, I was about to leave the last section of Tech in Asia Start-up conference – then a group of 2 men walked into the stage and started to present their business idea – “we are creating a dating site for gay”. I stopped. The conference had some…

Explore

Private Equity and Venture Capital

Conversations about private equity (PE), venture capital (VC), and hedge fund (HF) are always interesting.  One leading reason for this excitement, probably, is the tendency toward freedom and possibilities: where is the next big things? is this idea feasible? what are the strategies to conquer this industry/market?  PE, VC, and HF cumulatively operate…

Explore