💡Summary :
In the latest episode of Understanding VC, Hugh Mason discusses his experience founding JFDI, Southeast Asia's First Startup Accelerator. He shares insights on the importance of branding, the challenges of building an entrepreneurial ecosystem and the role of venture capital in supporting startups. Mason emphasises the need for social capital and mentorship in supporting innovation and highlights the unique journey of entrepreneurship, including his learning from failures.
🕰️ Timestamps:
00:00 - Introduction
03:54 - Importance of Branding in Startups
07:42 - Hugh on starting JFDI
17:33 - Importance of Mentorship
20:44 - How to attract great people
26:06 - Measuring relevant Progress Metrics in Accelerators
29:41 - Selection in Accelerators
32:17 - What’s a ‘Great’ Outcome for an Accelerator?
35:50 - Lessons from running JFDI
38:53 - Startup Ecosystem in Singapore
49:25 - Do top entrepreneurs still value accelerator programs?
🍿 Watch next:
How to Build a Strong Founder-VC Relationship: https://youtu.be/DbZKXu-sd0k?feature=shared
How to Get a VC JOB in 2024: https://youtu.be/9MdcHxMZ3jA?feature=shared
🔗 Connect with Hugh:
🤝 LinkedIn : https://www.linkedin.com/in/hughmason/
📍 About Hugh:
Hugh Mason is a UK-born entrepreneur and investor based in Singapore, best known as the co-founder and CEO of JFDI Asia (Joyful Frog Digital Incubator), Southeast Asia's first startup accelerator, established in 2010. With a background in electronic engineering and media production, he has produced over 150 documentaries for major networks before transitioning to the startup ecosystem. Under his leadership, JFDI has invested around USD 3 million in over 70 startups, emphasising the importance of storytelling and community in entrepreneurship. Hugh continues to mentor emerging entrepreneurs and has co-authored books on startup journeys.
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📍 About:
Understanding VC is a podcast that provides founders with the knowledge and resources they need to understand venture capital. Our goal is to create the best and most comprehensive resource on venture capital on the internet, so that founders can make informed decisions about their businesses and secure the funding they need to succeed.
