Coffee and Capital With Chad Stender (76 Capital)

What : Coffee and Capital With Chad Stender (76 Capital)
When : 28 Oktober 2016; 800pagi-930 pagi
Where : Quorum, University City Science Center
Who : Chad Stender

Sit down for a Q&A about tech investment over coffee and a light breakfast with Chad Stender, Director of Operations, at SeventySix Capital. SeventySix Capital is a large venture capital firm that invests in innovation-driven startup companies.

Assalamu'alaikum,

Alhamdulillah, saya berpeluang menghadiri sesi dengan pemodal teroka dati 76 Capital pada 28 Oktober tahun lalu...banyak kerja sekarang, banyak aktiviti tidak sempat ditulis dan dimuatnaik ke blog ini....he3    Banyak point yang dibincangkan oleh Chad Stender. 

Searching fot CEO --> deal with 50/50 or else.

It is difficult to attract talented people if you don't have the fund.

76 Capital provided Seed Capital.

Our focus is working with smart and nice people.

Deal with people who you feel good about.

It is a relationship business.

Retail industry is very difficult right  now (USA).

How to embrace e-commerce?

Timing is very important

Management team don't work out.

Capital is an issue

More failure in early stage investing.

How can we 'add value' to the start-up company we invested.

Entrepreneur should be 'open-minded'.

Doctors are risk-aversed (challenge working with doctors).

Our investment ---> 250K--> 500K

Please do your profiling (background check).

We spend time with them, get along with them (work environment & social environment).

3rd fund round --> up to USD$40 million

We bring 40 entrepreneurs to Israel for 4-5 days.

Common reason not to invest = 1)We don't have expertise on the business.  2)We don't connect to the person.

Keep challenging yourself to do it better.

Amazon keep challenging the way they do their business.

We're looking something as innovative.

We're looking innovation that can grow up

Things got longer than you think.

We have to be passion.

At least 10 year to grow up the company.

We don't take majority of the company portion.

We don't dictate everything.

We feel we can help better if we are not on board.

We do everything to help them make money.

We are big on giving back to the community.