No takers in Japan: VCs search for entrepreneurs to invest in,
18 Dec 2018 4:20 PM GMT
THE BUSINESS TIMES Technology - YUSUKE Muranaka is ready to bet millions of dollars on entrepreneurs in Japan. Now he has got to find more qualified people willing to take his money.. Read more at
- While Japan has a reputation as a tough place to start a company, the conditions are improving with more incubators, programming schools and supportive government policies.
- People like Mr Muranaka, an investor at DMM Ventures, are adding capital to the mix, another key ingredient for startup success.
- One is in Japan; the other is a Los Angeles-based startup whose founder happens to speak Japanese.
- Japan has come a long way from the time when you needed an equivalent of US$100,000 in capital to register a company and venture investment was virtually non-existent, said Mr Kobayashi, whose VC firm was started by eight local entrepreneurs using proceeds from their own startups.
- With the VC fund, it is taking a longer-term view - invest in promising entrepreneurs and leave the door open for an acquisition in the future.
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