Comments on: Ideas that I will not proposed to MDeC for Pre-seed fund

By: mtsen

mtsen — Mon, 05 Oct 2009 03:35:03 +0000

idea itself is not hard to be founded, but idea that matches its time and place are. Finding the matching listening ear to break through is even harder.

By: admin

admin — Thu, 16 Apr 2009 12:06:00 +0000

I agree on that encikwan, that is why ideas are not easily founded.

By: encikwan

encikwan — Thu, 16 Apr 2009 06:26:37 +0000

VCs are looking for 5X-10X or 500%-1000% returns to protect themselves from dilution due to series of funding required before exit, so ‘copycats’ usually are ignored because they cannot generate that kind of return.

By: admin

admin — Sat, 04 Apr 2009 05:28:57 +0000

Hi Aragorn,

Regarding to your question,

Question 1:
From your blog, I read up somewhere you open up a company. Is it because you are require to do that, or there is another reason for this?
if you read the FAQ from the preseed fund website, it is required to setup a sdn bhd after receiving the fund.

Question 2
This pre-seed fund, if today me and a guy called A manage to get a fund, then after a year, can I still get the fund but this time, is me and another guy called B.
The best is you should call up for advisory. I believe you can do that. it is just different idea and runs by different company. but still, i cannot confirm on this. you will have to clarify with mdec.

By: Aragorn

Aragorn — Fri, 03 Apr 2009 09:07:41 +0000

Hi there,

Just curious about the MDEC pre-seed fund. As far as I know, even freelancer are able to get those fund as long as the idea is good and accepted by them.
From your blog, I read up somewhere you open up a company. Is it because you are require to do that, or there is another reason for this?
This pre-seed fund, if today me and a guy called A manage to get a fund, then after a year, can I still get the fund but this time, is me and another guy called B.