My friend who has studied for his MBA at Insead has been in touch again, and we have found a good seed fund investor for one of his ventures. The investor is a co-director of a fellow student of his, who is interested in telecoms and the way that it is being used in the new convergence communications industry.
The venture is about using mobile phones for advertising, so this venture fits the investor's portfolio. I was interested to see the due diligence that he requested for this venture, which was, after a fairly cursory look at the technology, mostly about my friend, his background and his assoicates - including me.
I have had a theory for a long time that it really matters what kind of person you are when you are starting up a new venture, because investors are investing in you and your ability to get things done.
# posted by Mary @ 11:18 PM
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