Friday, February 17, 2023

Budget 2023 and the real elephant in the room

›
Have been asked what’s my opinion on the budget. General sense is that it’s a more labour and average resident friendly budget than one to s...
Tuesday, January 3, 2023

Startup Portfolio Review for 2022 - The pain of costly capital

›
I just reread my 2021 report and unfortunately a lot of the points/predictions we made one year ago came true. The growth stock rerating la...
Sunday, December 25, 2022

Purposeful Life - 2022 in review

›
(read earlier 2021 review  and 2020 review to get context.) If I have to summarize the year 2022, it is a year of anticipation and waiting ...
2 comments:
Sunday, November 6, 2022

Back to the 2000s for startup valuations?

›
Have been watching and analyzing the public tech markets and broader markets for the year. Like everyone else, I have been taken by surprise...
Thursday, June 23, 2022

Recent angel investment exit during market crash

›
We recently exited one of our earliest angel investments in an animation company. Return was about 11-12% IRR over a period of 10 years. On ...
Wednesday, April 27, 2022

How will the current stock market rerating affect our startup scene?

›
A fellow angel asked us the above question. Ning and i discuss this a fair bit as we have both public and startup equity. I actually summari...
Wednesday, January 26, 2022

Thoughts about SEA limited (& other plunging listed tech stocks) and implication on tech startups

›
Was discussing SE today with Shao-Ning Huang. We were lucky to spot it in 2017/8, and bought our usual bite. The position quickly grew to be...
Saturday, January 8, 2022

Startup Portfolio Report for 2021 - Liquidity trumps covid

›
2021 has turned out to be a banner year in spite of Covid. As I mentioned in my life review of 2021 , Covid has resulted in greater inequali...
Thursday, January 6, 2022

Purposeful Life - 2021 in review

›
I had hoped that 2021 would be a year where life got back more to normal. But instead it just felt like a re-run of 2020 . Quite tough year ...
Tuesday, April 13, 2021

Lessons from a $1+M write down of a startup investment

›
Frequent readers, friends who know us or fellow members of AngelCentral will know that Shao Ning & I are careful risk takers. We are del...