123JS Insights: TNF-Talk(1) successfully held on 28th Oct

Our first humble startup talk collaboration with TNF Ventures - TNF Talk(1) - has been successfully held on 28th Oct 2015 at SiTF House. We are honored to have Shirley Wong from TNF Ventures, Terence Tan from IPV Capital and Kelly Choo from Brandtology with us last evening providing all attendees some delicious food for our thoughts. Also, we are delighted to see some familiar faces too *waving hand to members of SiTF*!

TNF-Talk which aimed at offering insights into the penetration of local startups into China and surviving there, saw over 60 attendees turn up in the evening with more streaming in throughout the 2 hours event. Prior to the talk, Jie Lun from SiTF's 123JumpStart  gave us an introduction on 123JumpStart while Frank Lee, Investment Manager of TNF Ventures gave more information about the venture capital firm.

Frank introducing TNF Ventures

Shirley from TNF Ventures, moderated the evening talk,  keeping the presentations and discussions moving forward smoothly. She also shared her personal business experience in China 2 decades ago, way before China actually opened up its market. Impressive isn't it? What an inspiring female entrepreneur Shirley is!

Shirley sharing her personal experience running business in China

Attendees from all walks of life

Terence Tan who is managing a venture firm (IPV Capital) in Shanghai shared some of the challenges startups might potentially face when they get into the China market. He brought up the example of Tradehero, coincidently one of SiTF's more successful iJAM incubatee graduate, whom is currently expanding in China. Tradehero is an app that lets users trade virtual money based on real-world stock market data and they successfully entered China market on the 2nd attempt gaining 300,000 new users there each month. Terence also provided some of his personal advice to entrepreneurs who are thinking of getting a slice of the China mega pie. Well, for those who didn't attend the talk, here's his greatest tip: startup wanting  to get funding from Chinese VCs, must ensure that you are physically there in the country running the business.

Terence (second from left) giving advice to entrepreneurs who are thinking of getting into China

Kelly Choo, whom also has his fair share of business experience in China was sharing with the attendees which part of China he penetrated and which is the highly recommended city for startups to enter. Kelly briefly shared his academic background, what his younger self was like and his entrepreneurial journey. During his years in Ngee Ann Polytechnic, Kelly has learned the development of web application & database application. Upon graduation, he moved on to National University of Singapore, where he pursued his honors in the School of Computing. Kelly also shared with us his 4th startup, Brandtology, where he joined forces with Eddie Chau. Having co-founded, building Brandtology to where it is today, and subsequently being acquired by iSentia (formerly Media Monitors), this is the main experience Kelly is most grateful for.

Kelly (first from right) sharing his personal experience running business in China

Following the talk was a Q&A session where Shirley opened the floor to questions. We've seen multiple hands raised eagerly, hoping to get a chance to share their questions & doubts with the guest speakers. Some of the questions raised include protection of IPs in China, trust issues, legal agreements with China VCs and more.. 

Benjamin Yee (standing in the center) from Higher Identity throwing out question to the speakers

At the end of the talk, attendees were invited to the main hall for networking and refreshments! Woohoo, having the opportunity to network with guest speakers and fellow attendees was definitely the highlight of everyone's evening. 

Enthusiastic attendees approaching our guest speakers

Terence -in pink- surrounded by attendees during networking session

Frank -in blue-  from TNF Ventures with fellow attendees

 Networking session at the main hall

Refreshments provided for attendees

It is heartwarming to see the entrepreneurial fire burning brightly at the event venue last evening. We observed the enthusiasm and excitement when attendees got a chance to get up close with the guest speakers. We've also seen many name cards exchanged, handshakes made and smiles given. Thank you everyone for making this talk a successful one. 

If this is an event you see yourself interested in, do check out and like our Facebook page or website for up-to-date news. We (123JumpStart & TNF Ventures) would also like to take this opportunity to thank all attendees for your support and attendance.

If you are interested to join SiTF as a startup member, do visit our website or drop us an email 123js@sitf.org.sg. We are offering complimentary membership to eligible startups!

TNF-Talk is brought to you by 123JS Insights.

This post is brought to you by 123JumpStart - an initiative by SiTF.

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