investment
10 Pieces of “Marriage Advice” For Startups
2015년 06월 08일

Raising funds from venture capitalists is just like entering into a marriage, especially if a partner takes a seat on your board. There are a lot of things to consider when choosing a venture capitalist (who to marry) and how to best work with that person after receiving investment (after the honeymoon). Below are a few pointers from Eric Kim, Managing Partner of Goodwater Capital, who works closely with startups in Silicon…

Altos Ventures Invests $2 Million USD In Global Video Messenger Startup ‘Hyperconnect’
2014년 12월 30일

Altos Ventures, headquartered in Silicon Valley, has invested $2 million USD in Hyperconnect, the developer of live time video communication technology and the service host for the video messenger ‘Azar.’ Hyperconnect has developed a very distinct client/server technology stack for WebRTC based real-time video/voice communication. It is very secure and reliable for various settings in 200 countries with very high quality video chat. The technology is built on P2P so the management…

‘Timeline Dungeon’ Developer NOVN Secures Investment from NC Soft
2014년 12월 29일

‘Timeline Dungeon’ developer NOVN have announced that they recently received $500k USD from NC Soft. As NC Soft expands its business interest from game and contents to a range of other entertainment areas, this investment will enable NOVN to release Timeline Dungeon in January 2015. This investment follows up a seed round of funding from ‘The Ventures’. NOVN’s Timeline Dungeon plans to open a new genre with their first title. It is…

NFLabs Aims to Democratize Big Data, Raises $1.5 Million For Development And Global Expansion
2014년 12월 22일

After three years in operation, NFLabs, Korea’s most promising Big Data startup has raised series A funding from Big Basin Capital, Bon Angels and Coolidge Corner investment. The funding of $1.5 million USD will be primarily used to bring the startups big data analytics and visualization software to a global audience. NFLabs CEO Sejun Ra explained, “the investment will really boost our expansion to North America. We will focus on speeding up…

SundayToz Initiates $30 Million USD ‘AniPang Fund’ To Support Startups

Korean gaming company ‘SundayToz’ and The Ministry of Science, ICT and Future Development and have created the ‘AniPang Fund.’ The fund will be aimed at startups in the following fields: Gaming, Social, digital content, platform based technology and contents based technology. The ‘AniPang Future Contents Investment Association’ will operate under the management of Smilegate Investment. While the fund will primarily focused on startups in Korea, a representative from SundayToz has confirmed that they are…

5 Myths About Asian Startups – The Importance Of A Global Perspective
2014년 12월 19일

[This article was originally published on Forbes] I was in Asia last week to attend a Demo Day for startups that participated in a two month acceleration program through DEV Korea where I serve as a principal. These companies had split their time between New York and Seoul in order to gain a global perspective that could be applied to their ventures while they were still in a formative stage. This is…

명함관리앱 ‘리멤버’ 국내외 벤처캐피탈로부터 20억 원 추가 투자 유치
  ·  2014년 12월 17일

비서가 직접 입력해주는 명함관리 앱, 리멤버가 국내외 벤처캐피탈들로부터 총 20억원 규모의 추가 투자 유치에 성공했다. ‘리멤버’ 서비스를 제공 중인 드라마앤컴퍼니(대표 최재호)는 대교인베스트먼트, 사이버에이전트벤처스, 캡스톤파트너스로부터 총 20억원의 추가 투자 유치에 성공했다고 17일 밝혔다. 이로써 드라마앤컴퍼니는 올해 초 캡스톤파트너스 등으로부터 10억원의 초기 자금을 유치한 데 이어 추가로 20억원의 자금을 확보, 서비스 개발 및 운영을 위한 안정적인 기반을 마련하게 됐다. 리멤버는 기존 OCR(광학문자인식) 기술 기반의 명함관리 앱들과 달리 사람이 직접 입력하는 방식의 명함관리 서비스로 올해…

‘A-33 Studio,’ A Seoul Based Gaming Startup, Aims To Revolutionize Moble Gaming
2014년 12월 16일

K Cube Ventures recently announced a $700,000 investment into mobile game developer ‘A-33 Studio.’ With this investment A-33 Studio will focus on ramping up their mobile FPS game production and aim to be ready to release their first title by end of next year. The title is named ‘Project S’ for now, and is an ambitious plan to maximize online mobile FPS game experience by integrating a fully optimized user interface along…

Opportunities And Threats In Korea’s Blossoming E-Commerce Market
2014년 12월 15일

Social Commerce In Korea Is A hot Topic These Days With Coupang’s Recent $300 Million USD Fundraise – Here’s a Review of the Market from our friends at Business Korea. In May 2010 social commerce arrived in Korea, thanks to local player, TMON. In the same year two other local players also started operations, Coupang and. Four years later, three companies are still operating at a loss, engaged in fierce competition. Coupang has…

Coupang, Korea’s Top E-Commerce ‘Startup’ Closes $300 Million USD From BlackRock
2014년 12월 11일

“We want to be the Amazon of Korea. We are the largest online retailer here, and we’re one of the most well-funded tech companies in Korea.” CEO of Coupang, Bom Kim in an interview with Forbes To accelerate this growth Coupang has just announced another huge funding round, worth $300 million USD, from BlackRock Private Equity Partners. This follows fast on the heals of another $100 million USD round led around five months…

CEO of Baedal Minjok Talks About How He Raised $36 Million From Goldman Sachs [Part 2]
2014년 12월 09일

This is part two of this story. Part 1 here In 2010 when Bong-jin Kim left’ Naver’ (Korea’s primary online search portal), he had no idea about Venture Capital or ‘Exit’. Additionally, he had no interest in global expansion. He built his startup to focus on solving ‘small issues that Koreans face in their daily lives’. Yesturday we discussed how he raised his first three rounds of funding. Today we look at how…

CEO of Baedal Minjok Talks About How He Succeeded In Raising $36 Million From Goldman Sachs [Part 1]
2014년 12월 08일

In 2010 when Bong-jin Kim left’ Naver’ (Korea’s primary online search portal), he had no idea about Venture Capital or ‘Exit’. Additionally, he had no interest in global expansion. He built his startup to focus on solving ‘small issues that Koreans face in their daily lives’. That is how Baedal Minjok started. But recently his ‘startup’ raised $36 million USD from Goldman Sachs. He concluded, “if a person like me who had…

China’s Tencent Opens Its Doors To Korean Gaming Comapnies
2014년 12월 03일

We reported recently that Chinese investors have been making inroads into Korea. Now we are seeing the first signs of what fruits those investments are likely to bear. As reported by Business Korea, Korean gaming companies are beginning to target the Chinese mobile gaming market, in partnership with Tencent. In a new trend for the Chinese internet giant, Tencent is now actively opening its doors to Korean companies interested in entering the…

Korean eBook Store Ridibooks Just Raised $8 million In Series B investment
2014년 12월 03일

eBook store ‘Ridibooks’ just announced an $8 million investment from Neoplux, Atinum Investment, Company K Partners, and Mirae Asset Ventures. Ki-sik Bae, a representative from Ridi Corporation has gained notoriety in the local publishing market as he has consistently been dedicated to returning around 75% of the profits from sales on his platform to the writers since 2008. This was around the time that the first iPhone was released. During a previous…

Korean Delivery App, Baedal Minjeok, Secures USD36 Million From Goldman Sachs
2014년 11월 27일

It has been announced in Korean media this morning that the country’s leading food delivery service (Baedal minjeok) has secured funding of USD36 million from Goldman Sachs. JaeHyun Lee, in charge of the Korean investmnet said: “Korea is a very exciting market for e-commerce and we are excited to be partnering with Baedal Minjeok, to help them solidify their position in Korea and expand into new markets.” Kim BongJin, CEO of Baedal…

Birdview Raises $600k from CyberAgent Ventures and Bon Angels To Bring You Even More Korean Beauty Information
2014년 11월 26일

Birdview (HwaHae in Korean), a cosmetics and beauty focused startup in Seoul recently announced that they have around $600k from Bon Angels Venture Partners of Korea and Cyber Agent Ventures of Japan. Birdview was founded by three High school alumni, Woong Lee (CEO), Yong-jin Kim (CPO), and Woo-hyun Chang (CMO) during their college years. The company has developed a mobile app ‘Hwa-Hae’ (meaning reconciliation in Korean) which provides cosmetic brand information, precisely analyzes…

25% Off Tickets For GMIC Silivon Valley, December 1-3 2014
2014년 11월 21일

beSUCCESS is happy to announce that we are offering 25% off all GMIC SV tickets. To take advantage of this offer, please register using this code [GMICSVD32203F1]. GMIC Silicon Valley is the Largest Mobile Internet Conference in Silicon Valley and will be held December 1-3, 2014 Mobilizing the Next 5 Billion GMIC SV 2014 brings the global mobile ecosystem to Silicon Valley for three days of thought provoking presentations on the industry’s hottest…

투자건 결혼이건, 중요한 것은 관계다
  ·  2014년 11월 20일

 내 글을 읽는 독자 중 대부분은 예비 창업자 또는 현재 창업해서 회사를 꾸려가고 있는 분들일 것이다. 예비 창업자분들은 창업 후 어느 시점에 – 생각보다 빨리 온다 – 외부 투자를 유치해야 할 것이다. 현재 창업해서 회사를 운영하시는 분들도 돈을 펑펑 벌고 있는 서비스를 가지고 있지 않다면 언젠가는 투자를 유치해야 할 것이다. 이번 글은 투자 유치를 할때 알면 도움이 되는 창업자들이 가져야 할 태도와 마음가짐에 대해서이다. 전부터 포스팅하고는 싶었는데 최근에 만났던 몇 창업가들을 생각하면서…

Korean Startups Are Hot This Year. Here’s a Look at The Top Accelerators Powering Their Success
  ·  2014년 11월 15일

Seoul, with its rapidly growing startup ecosystem, is gaining precedence as one of the most promising entrepreneurial hubs in the world. Home to two of the most influential global tech leaders, Samsung and LG, the perception of Seoul has traditionally been of a corporate hub. This is now rapidly changing, as a new breed of tech startups rise and as the big boys begin to plateau. South Korea is now rapidly moving…

Korean Game Developers Attract Interest From China, Jointly Raise Around $1 Billion USD
2014년 11월 13일

Korean developers are attracting increased interest from overseas firms. Tencent has already made a number of large-scale investments, and European companies are also actively seeking Korean gaming companies to bolster their growth. Due to current market conditions, it is likely that the Korean gaming market growth will have stalled by 2015, so Korean game companies are also actively looking for growth engines, particularly in overseas markets. It is also widely recognized that…