An entrepreneur is someone who is always on the lookout for problems that can be turned into opportunities and finds creative ways to leverage limited resources to reach their goals. In this course, learners will be introduced to the fundamental concepts, theories, and frameworks of entrepreneurship and learn how to apply them within the context of the world's largest market: China. Through cases, articles, and experiential learning, learners will gain expertise in how to identify and evaluate opportunities; interpret, analyze, and build financial models to enable high-growth ventures; practice living life as an entrepreneurial leader; and create a new product or service for the Chinese market.
De la lección
Module 4. Startup Financing
In this module, you will learn how to get funding to support operations of your startup. You will learn about different modes of investment. Most importantly, you will learn more about the financial analysis which potential investors use to assess your startup.
Associate Director, EMBA Program, Associate Professor of Practice in Entrepreneurship, Project Director, Centre for Entrepreneurship Department of Decision Sciences and Managerial Economics
And then the second point was about, so,
investors that you find in Hong Kong
are actually sometimes is more
conservative than the investors in China.
Yeah, yeah. Because their
information they … or the knowledge they have are limited these days
The source of information. I think also the… If I may,
I think… is it also because of the risk appetite? (Ah, yes.)
So, Hong Kong … the …investor indeed are taking less risk.
And also the system … (That’s the feeling.) not only, you know
the mindset. The mindset is an issue.
Say, you might not know that Hong Kong has
no crowdfunding, equity-based crowdfunding yet, okay.
The law restricted us from doing so.
So product-based crowdfunding,
yes, we do it just newly…newly only last month, we have
kick-started in Hong Kong. Opening a office in Hong Kong, the
first office in Asia, together with … (Those are backing products.)
product-based crowdfunding, but equity-based but this
is the bread and butter for the new FinTech, okay.
So (It’s a hot area, FinTech.) we need it, okay. It's not only hot
because (That's the way forward.)
yeah, we need it for the investor
to share the risk, okay, by using this platform. (Yeah.)
And we do not have such a platform, okay, for them to
to do the the proper …
(That's the way of raising fund… in the future…)
Exactly, a new way (Not future. Now. It’s actually now.)
Yes, not only future. But in general, the whole world but ...
so that's why … but in China, okay, it's already there.
It is just the regulation are not catching up yet
so there are some … some bad boys are there, okay.
So, you you have to pay double attention, when…
So this is what we talked about before.
So in China, a lot of things are happening.
Even though it’s not … the regulation may not be
properly in place but people are already started things and and
the government has this view of ‘let's see how it goes.
We will monitor it. We will make sure that nothing major, you know
will happen and then we will start writing the regulation for it
(hm…so, exactly this is …) That's why it is
moving forward because it allows things to happen (Exactly.)
rather than limited, prohibit it to happen and let's fix the
regulation and then …(Exactly.) It’s a different attitude.
To a certain extent, it is quite frustrated, you know, to us,
okay, because it should be, it should happen in Hong Kong.
Say, we can we can open up a new market. We can we can attract
a lot of Chinese companies to to use Hong Kong as in the
past, like our securities market. We we attracted them to
open their companies and raise their fund in Hong Kong.
But for startups, since day one if they are not in Hong Kong, they
will never be in Hong Kong. Say, if if they pick Silicon Valley,
if they pick Shanghai as the playground and at the
end of the day, when they they do IPO, they would consider
Shanghai … or New York.
So, any other advice you want to give
to entrepreneurs who want to do business in China?
Advice … (Or word of warning or something that they should they should consider carefully.) …
The rapid changing… Everything change
rapidly in China. So, if you do a research, so don't mind
to do it … check it out every time or frequently, or you have
to raise your ears, you know, to heard, to talk to your friends
or say or join a community, particularly say, if where
… there's a lot of foreign investors, okay, or are
entrepreneurs, okay. Join their party, okay, and get the gossip
because it change rapidly in China (So the Chinese market
changes rapidly and it's something that …) That's the fun part of it.
On the other hand, there's also the the risk, the
taking part (So it's both exciting, but it's also a big big challenge.)
Yeah, yeah, yeah, exactly. Yeah. Great!
Thank you very much for your sharing here. We learn a lot. You’re welcome.
Thank you. Thank you.
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Prof. Dominic ChanAssociate Director, EMBA Program, Associate Professor of Practice in Entrepreneurship, Project Director, Centre for Entrepreneurship
