Grantpreneurs, a word coined by Colin Charles formerly of MYSQL means a person who create business solely to hunt down free money disbursed by the government. Great startups funding programs such as MDEC PreSeed Grants and Cradle in Malaysia is usually plagued by these people who do not add value in the ecosystem but being [...]
Tag Archives | Cradle
Responds from Virtuous Investment Circle for RM 500 Application Charges
Since the outrage by some of the entrepreneurs about the model Virtuous Investment Circle (ViC) choose to operate by having a RM 500 application fees. Christy Lee, the Executive Director of ViC responded with the blog post below. Christy who is formerly a VC from MAVCAP is the only full time staff for ViC and [...]
Pay RM 500 and You May Get Funded
Charging entrepreneurs to pitch to VC is an absurd thing. With the recent Jason Calacanis’ Jihad over such acts in the States, the phenomenal of VC and Angel who charge exorbitant fees for startups to pitch to them have finally arrive in Malaysia. The Virtuous Investment Circle (ViC) was set up on 4th August as [...]
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