[Startup Lecture Series]
“Venture Is a Lot About Entrepreneurs - What Investors Look for”
- Dae-Young Kim, CEO of KNET Investment Partners
On October 2
nd
(Tue), KUBS Startup Institute invited Dae-Young Kim, CEO of KNET Investment Partners for a guest lecture on ‘Invest in Venture Business and Value-Up’ at KUBS Startup Station, level 2 of KUBS Main Building. Dae-Young Kim is also an invited professor at Sungkyunkwan University Business School.
Mr. Kim ran his lecture with three main parts which are △venture capital △factors determining investment in venture business △entrepreneurship △successful and unsuccessful case studies of value-up. Mr. Kim first explained that venture business and capital, as well as the cycle of recovery market. “Hypothetically, if venture capital was invested in 10 venture businesses, seven of them will go broke. That gives you the loss of seven billion won.” “However, out of the ten, three businesses will survive. And their return is five times the investment.” He continued, “Five times three billion gives us 15 billion won. And if we subtract the amount of the initial investment, 10 billion, it leaves us five billion. So after all, the capital gain is five billion won.”
He shared a positive evaluation of the current investment trends by saying that “the total amount of investment is about 30 trillion, and the number of new venture associations is drastically increasing as well.” Nevertheless, he acknowledged that “it is important to have at least three years of professional experience prior to being a venture capitalist. I don’t think it is a good idea to be a venture capitalist straight after the graduation.” “Although, I know few people who were in charge of investment at a venture capital, and then employed at the company.”
Above all other things, he emphasized the importance of who the entrepreneurs are. One of the audience asked “which team he liked the most”, and he replied that “In the end, you make the investment in person. Investors are interested in the integrity or authenticity of the entrepreneurs or the idea they are trying to deliver, not the technological advance of a business.” “Because that’s critical in your business after all” he added.
Each semester, KUBS Startup Institute holds practice-based lecture series ‘Lecture on Demand’ and ‘Startup Lecture Series’ about startups and business venture. Anyone interested in the KUBS startup business teams and any KUBS students are welcome to participate in the lectures. For further inquiries, please contact KUBS Startup Institute at 02-3290-2551.
