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Earlier this year we covered the launch of VCNetwork.co a virtual shark tank led by industry heavyweights Jenny Q. Ta (Founder/CEO of Sqeeqee.com) and Shinta Dhanuwardoyo (Founder/ CEO of Bubu.com).
VCNetwork.co features a comprehensive database of independent venture capitalists seeking to fund viable startups on a global scale and on September 13, Jenny and Shinto made a huge announcement for startups!
Check it out below!
VCNetwork.co, launched a worldwide mentorship program on September 13th that is truly first-of-its kind. The program aims to help startups secure funding, while increasing scalability through one-on-one time with the founders.
The leaders of VCNetwork.co will mentor one to two startups, at no cost, per month to start. The selection process will be at random when startups submit their information to VCNetwork.co’s platform, effective immediately. Startups from all over the world will be considered; the mentorship process is via digital communication. Startups wanting to secure their spot in the program have the option to pay $199 for half an hour of one-on-one time.
Alongside the mentorship program, VCNetwork.co accepts business plans from startups and personally reviews them, offers feedback and shares select ones with their network. So far, VCNetwork.co has received a few hundred business plans worldwide. However, in the process of accepting business plans, the leaders of VCNetwork.co realized that more than 60% of startups applying for funding desperately needed guidance in creating “fund-worthy pitch decks and ideas.” Hence, the idea for the Mentorship Program was born.
VCNetwork.co is proud to kick off the program with the founders mentoring startups personally. They plan to expand the program with mentors from their network of VCs, professionals and investors in early 2017.
“After reviewing many new business proposals in our first few months of business, what the VCNetwork.coleadership team noticed immediately is what ‘wantrepreneurs’ need, more than anything, is direct one-on-one time with VCs worldwide to learn precisely what funders are looking for in startups, from an interpersonal and professional level,” said Jenny Ta, Founding Partner and CEO, VCNetwork.co. “Our mentorship program is going to hugely impact the startup community because my Co-Founder, Shinta, and I are giving a rounded approach to promote successful startups, offering our expertise in business and the tech ecosystem, while helping them understand what VCs are looking for before we fund a startup. We want to give knowledge that helps startups raise money from VCs in the US and abroad, and push them beyond the bubble for startups to make better decisions and find the next level of success, beyond borders.”
Ethan Montoya, CEO of Koowalla, a free mobile app for video editing and storytelling, is one of the first startups in the program. He shares his experience with VCNetwork.co’s Mentorship Program and how his startup was able to pivot for a global audience.
"Jenny coached me to stop thinking about going after small checks and focus on building the right plan to ask for what I really need to move my business forward, said Montoya. “Drawing from her own experience as an entrepreneur, she gave me her personal tips to get more value from my network.”
VCNetwork.co’s mission in breaking the “good ole boys club” and their bold top-down approach - a reverse model of competitors’ bottom-up - promotes higher fund ratios to help startups break through. VCNetwork.co’s Mentorship Program is another way they’re bringing change to shake up outdated VC models; truly going beyond borders for startups and VCs worldwide to connect.
To learn more or to submit visit VCNetwork.co
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