Podcast

Chris Sang on picking a unicorn startup (Episode 11, Part 3)

By 24 July 2018 No Comments

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The Story

Chris Sang is a Startup CEO, CTO, Advisory Board Member, Angel Investor and Angel Syndicate Lead. Chris began his career within IT and equities trading, working for major financial institution and insurance corporations here in Australia.

Since 2014, he has become a leading Angel investor in Australia and internationally. He has invested in over 70 Startups across B2C, B2B, AI, IOT, cryptocurrancy, esports and enterprise software.

He has the rare combination of technology development, product management, financial markets and startup investment across Australia and USA.

Lead Investor Podcast - E11P3 Chris Sang on picking a unicorn startup
  • Have you ever wondered how to pick a unicorn? What do you look for?

  • There aren’t many angel investors in Australia that have successfully invested in one or more unicorns and there are very few that have primary reference data from over 70 startup investments

  • What investment returns multiples should angel investors or VCs be looking for? What’s a home run in US terms?

  • There is a lot that can go wrong with startups. According to CB insights the top 3 reasons startups fail are:

    • No market need – to me this means they are not solving a real problem – they’ve built a solution in search of a problem

    • Didn’t understand the milestones or inflection points to raise the next round, didn’t nurture investors or didn’t start raising capital early enough

    • Not the right team  / Co Founder fallout / No CTO or technologist in-house / Didn’t pick up the phone – Not enough focus on sales