Hi new visitor! At Green & White we discuss startups, business models, new media marketing, usability and more.
You can subscribe to the RSS feed or subscribe for email alerts so that you keep up to date with the latest content. Now, on with the regular content...
On a positive note at the end of TES2007, TIE Lahore announced that they are formally launching an Angel Investment Fund.
I’ve been asking pretty much everyone that I’ve been meeting for the past 6 months to formalize their interests in startup investments, and its good that someone finally took this step.
They said details of their process will be announced later, but I suspect these people will make $50,000 - $100,000 investments in chosen companies.
The TIE Members who have come together for this fund include the following (Update: Actually I dont have the full list with me so it would be great if someone can dig this info up and write it there):
- Dr. Khalid Chowdry - Chairman and CEO of Mediapak, and President of TIE Lahore
- Syed Babar Ali - Founder, Packages Limited
- Monis Rahman - CEO, Naseeb Networks / Rozee
- others
This is certainly a commendable step towards promoting real startups in the country, and given that this is a formal fund with stakeholders from diverse backgrounds and industries, and will have a proper evaluation process, transparency is guaranteed.
| Written by Osama A. on 12/20/07 in General |
Loading ...
December 20th, 2007 at 6:55 am
This is good news Osama. Also remember the recent announcement of the MITCEF Angel Fund - so we are suddenly seeing some action in this area. There is also increased interest from large customers wanting to invest in technology companies.
December 20th, 2007 at 12:42 pm
I would suggest to technoprenuers to do bootstrapping for a while, it will help in getting a better deal.
December 25th, 2007 at 11:58 pm
Hira,
Excellent advice ..i have done research on the investor market..mainly by talking to executives, and receiving information from operating officers in one of the silicon valley
companies..
Entrepreneurs are in a much better position if they ” bootstrap” because the value of their idea is greater the longer they can progress the business..instead of giving away 30% to an investor give 5% to three talented founders..
Keep in mind you have assets which you can
use now; just use them… Ian
January 29th, 2008 at 3:17 pm
[…] Lahore event is going to see representatives of the TIE Angel Network there, and we may also see some angel investors there as […]