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Interaction on Finding Investors for Startups

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Interaction  on Finding Investors for Startups
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January 27:  An interactive event 'Last Thursdays with an Entrepreneur' with the topic 'Finding Investors' was organised jointly by Biruwa Advisors, Samriddhi Foundation and Entrepreneurs for Nepal on Thursday.

Held at the premises of Ventures Café, at Baluwatar, the event focused on the discussions on the ways a startup needs to work to find right investors, approach them and close a deal with them.

Sunita Nemaphuki, Chairperson of R & D Innovative Solution and Abhaya Poudel, Chartered Accountant and an investor were the panelists for the programme and Vidhan Rana, founder of Biruwa Advisors was the moderator for the session.

Sharing her experience as a startup during the discussion, Nemaphuki said networking and expressing our experiences and challenges with potential investors was one of the most important factors that an entrepreneur should keep in mind.  She said that in Nepal, we find that the entrepreneurs are mostly hesitant to share their bad experiences with others and that certain transparency was necessary because we never know when that sharing might help us.

Similarly, Poudel discussed about the factors that investors evaluate while investing in a startup. "When startups look out for investment, they must know the background of the investor before approaching.

In the context in which the Nepali startups are working, it is suitable for us to approach an angel investor who looks at the targeted market, problem solving capacity, and most importantly the scalability of the startups rather than a rationale investor who focuses on your financial part, said Poudel.  According to Poudel, angel investors usually do target selection and check the compliance level before investing.

The event which observed the participation of startup founders, entrepreneurs, and students closed with a question and answer session.

 

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