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Entrepreneurs backing entrepreneurs


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Entrepreneurs backing entrepreneurs


Partnership of entrepreneurs

 

Monk’s Hill Ventures is a partnership of seasoned entrepreneurs who have built and backed global companies based both in Silicon Valley and Asia. We are a venture capital firm investing in technology startups that will take advantage of the fast growing Southeast Asian markets.

We are entrepreneurs. We believe that, above everything else in the startup world, it is the entrepreneur who creates value. The right entrepreneurs have the smarts to correct mis-defined products, the charisma to bring onboard expertise they themselves do not have, and the mental strength to stick through the tough times. With our operating background, we contribute more than just capital. Having built companies ourselves, we collaborate with founders as fellow entrepreneurs to make their vision a reality. Entrepreneurs backing entrepreneurs.

We are technologists. We believe deeply in the positive and increasing impact of technology on our world. Investing in technology companies has never been more attractive, as technology adoption reaches an inflection point. There are now nearly 5 billion mobile subscribers and more than 3 billion internet users globally. With quantum improvement in computing, building and scaling a technology company costs less than 10% of what it took 15 years ago. Leveraging technologies like big data, mobile, and cloud to build significant business is not only possible, but well within economic reach, especially in emerging markets. Innovation is now global.

Monk’s Hill Ventures invests in top entrepreneurs in post-seed companies in Southeast Asia. Think of us as your trusted partner in Asia.

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Global winners in Asia


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Global winners in Asia


SOUTHEAST Asia as a fast growing market

 

We are driven to help companies from Southeast Asia expand globally. Relationships are important in Asia. We know this through the many businesses we have built across Asia - from Japan and China to India and Indonesia. With these relationships and experiences, we help our companies navigate the nuances and specifics of various countries in the region.

Our home bases are Singapore and Jakarta. We are bullish on the attractiveness of Southeast Asia as a region in Asia with rapidly growing opportunities. Singapore has proven to be a great strategic location for expanding to the rest of Asia, while Jakarta is at the heart of a booming consumer economy in one of the most populous countries in the world.

We are excited with the rapid rise of entrepreneurial talent in Southeast Asia over the last ten years. We have seen great companies born in the region built by world-class entrepreneurs. Southeast Asia, with a population of over 600 million, represents enormous potential on a global scale. With some of the most social and mobile users in the world, the region presents fertile ground for the emergence of technology startup winners.

Over the past decade, we have also become trusted advisers and partners to leading VCs in Silicon Valley. We have helped leading growth-stage startups tap the growth veins across Asia. We have helped companies overcome the challenges presented by the region and take advantage of the opportunities. If you are thinking about Southeast Asia, you should talk to us.

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Team


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Team


Peng T. Ong - Managing Director

Peng was the co-founder and CTO of Match.com (acquired by IAC). After Match.com, he was the founder and CEO of Interwoven, which went public on NASDAQ and grew to a $10B market cap, before being acquired and is now part of HP. After Interwoven, Peng founded Encentuate (acquired by IBM). Most recently, Peng was a Partner at GSR Ventures, a leading VC in China. Peng has also served on many boards, including SingTel and YY.com. Peng earned a B.S. in Electrical Engineering from the University of Texas and an M.S. in Computer Science from the University of Illinois.

http://sg.linkedin.com/in/pengtong

Dimitra Taslim - Senior Investment Analyst

Dimi was a consultant at PwC Strategy (formerly Booz & Co) in London, where he worked with large corporates and Growth Equity / PE houses such as KKR, Blackstone and Permira. Previously he worked with Conciliation Resources NGO, assisting in financial budgeting and strategic planning for projects in the Caucasus, Central Africa and South Asia. He read economics & management at the LSE, where he graduated top of his class.

https://sg.linkedin.com/in/dimitra

Kuo-Yi Lim - Managing Director

Kuo-Yi was the CEO of Infocomm Investments, a $200M venture fund based in Singapore investing in technology startups globally. Prior to Infocomm, Kuo-Yi was a senior sales executive at Encentuate (acquired by IBM) and Reputation Technologies (acquired by Security Sources), and co-founder of SportsHook, a sports-focused SaaS platform. Kuo-Yi started his career at the Boston Consulting Group, working with clients in the automotive, telecom and financial services industries. Kuo-Yi graduated from MIT with B.S., M.S., and PhD degrees in electrical engineering. 

linkedin.com/in/limky

Lucy Luo - Investment Analyst

Lucy used to work in corporate law and business development for tech companies in New Zealand. Prior to that, her experiences include co-founding an eco-friendly startup, and working with tech startups at an accelerator. Lucy graduated with double degrees in Law (Hons) and Finance from the University of Auckland, and spent time studying at the Chinese University of Hong Kong and Peking University. 

https://sg.linkedin.com/in/lucysjluo

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OPERATING ADVISORS

Tom Clayton Tom started numerous tech startups, which have raised $180M+. Currently he is VP of International Operations at Houzz. Prior to joining Houzz, he ran Bubbly until its acquisition by Altruist and led the Mobile Business at BEA Systems, an infrastructure software company acquired by Oracle for $8.5B. Before BEA, Tom helped start 5 different companies in Silicon Valley – ranging from an Internet company to a high-end audio manufacturer. Tom has also served on the boards of over a dozen other VC-backed companies. Tom holds a B.S. from U.C. Berkeley and an MBA from Harvard.

Tom Clayton

Tom started numerous tech startups, which have raised $180M+. Currently he is VP of International Operations at Houzz. Prior to joining Houzz, he ran Bubbly until its acquisition by Altruist and led the Mobile Business at BEA Systems, an infrastructure software company acquired by Oracle for $8.5B. Before BEA, Tom helped start 5 different companies in Silicon Valley – ranging from an Internet company to a high-end audio manufacturer. Tom has also served on the boards of over a dozen other VC-backed companies. Tom holds a B.S. from U.C. Berkeley and an MBA from Harvard.

Andy Hidayat Andy is an entrepreneur and co-founded several technology companies in Indonesia. He has experience in leading a company from startup to IPO. Technology companies that he founded or co-founded include 2C2P Indonesia, CODE.ID, Care Technologies, Integrasi, LunchActually Indonesia and more. Andy is a drop-out of Electronic Engineering Satyawacana University.

Andy Hidayat

Andy is an entrepreneur and co-founded several technology companies in Indonesia. He has experience in leading a company from startup to IPO. Technology companies that he founded or co-founded include 2C2P Indonesia, CODE.ID, Care Technologies, Integrasi, LunchActually Indonesia and more. Andy is a drop-out of Electronic Engineering Satyawacana University.

Vihang Patel Vihang is an entrepreneur, building startups around Big Data, Cloud and Mobile. He is currently CTO of Dragon Wealth. Most recently he was driving technology at Crayon Data. Previously he founded Avagam (acquired by Crayon Data), was a consultant for Deloitte and a boutique strategy firm working across 2 continents and 5 cities. Vihang earned a B.S. (Hons) and M.S. from the Indian Institute of Technology (IIT), Kharagpur in Mathematics and Computer Science.

Vihang Patel

Vihang is an entrepreneur, building startups around Big Data, Cloud and Mobile. He is currently CTO of Dragon Wealth. Most recently he was driving technology at Crayon Data. Previously he founded Avagam (acquired by Crayon Data), was a consultant for Deloitte and a boutique strategy firm working across 2 continents and 5 cities. Vihang earned a B.S. (Hons) and M.S. from the Indian Institute of Technology (IIT), Kharagpur in Mathematics and Computer Science.

Jon Sugihara Jon has founded a number of companies in the US and Asia. Most recently he was the co-founder and co-CEO of Perx in Singapore. Prior to Perx, Jon started PlayHawaii (acquired by NCrowd) and SavvyCircle (acquired by Eyeona). Jon is currently the Chief Product Officer at RedMart. Jon earned a B.S. in Computer Science from Johns Hopkins University.

Jon Sugihara

Jon has founded a number of companies in the US and Asia. Most recently he was the co-founder and co-CEO of Perx in Singapore. Prior to Perx, Jon started PlayHawaii (acquired by NCrowd) and SavvyCircle (acquired by Eyeona). Jon is currently the Chief Product Officer at RedMart. Jon earned a B.S. in Computer Science from Johns Hopkins University.

Sian W. Tan Sian was an early investor and pioneer of touch feedback across networks for Immersion and holds 10 patents. Immersion’s technology is now felt through major console game controllers, automotive, medical and mobile systems. He developed the spinout program for the Fraunhofer Society, Europe’s largest contract research organization that created MP3 and advised Primesense, makers of Microsoft’s Kinect. He later founded and was CEO of Thermagine, providers of advanced phase-change energy storage solutions. Sian holds a BSc in Mathematics and Physics from the University of Bristol, a M.S. and Ph.D. in Mechanical Engineering from Stanford University. He was an Entrepreneur-In-Residence at the Kauffman Foundation.

Sian W. Tan

Sian was an early investor and pioneer of touch feedback across networks for Immersion and holds 10 patents. Immersion’s technology is now felt through major console game controllers, automotive, medical and mobile systems. He developed the spinout program for the Fraunhofer Society, Europe’s largest contract research organization that created MP3 and advised Primesense, makers of Microsoft’s Kinect. He later founded and was CEO of Thermagine, providers of advanced phase-change energy storage solutions. Sian holds a BSc in Mathematics and Physics from the University of Bristol, a M.S. and Ph.D. in Mechanical Engineering from Stanford University. He was an Entrepreneur-In-Residence at the Kauffman Foundation.

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Companies


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Companies


Our COMPANIES

SEA's #1 Financial & Insurance Portal

SEA's #1 Financial & Insurance Portal

Leading game developer & publisher

Leading game developer & publisher

Technology-based last-mile logistics.

Technology-based last-mile logistics.

Technology-optimized investment management 

Technology-optimized investment management 

Next generation real estate platform.

Next generation real estate platform.

Social engagement mobile app platform 

Social engagement mobile app platform 

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News


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News


News archive

Press RELEASE

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FAQ


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FAQ


This is a short list of the most frequently asked questions regarding "Investments" and "Employment". A click or tap on the questions reveals the answers.
 

Investments 

Q: We have launched our web-based application exactly a month ago. Would you be able to invest in us?
A: Monk's Hill Ventures is an early stage (post-seed) venture capital company. However, the VC industry's term "early stage" can be misleading. Typically, we will invest in companies that already have had at least US$500k to US$1.5m of seed/angel funding, and have demonstrated significant progress in building a viable product (probably 1~2 years of operations) with some level of repeatability in the sales cycle. Fortunately, there are many angel/seed funds in the region these days.

Do keep us in the loop as you build out the business over the next year or two.... we typically get to know the entrepreneurs way before we invest in them. And do let us know if you need any assistance.

Q: We've got this great idea we think we can make money on. Can you help us figure it out?
A: We're always willing to talk to entrepreneurs. However, we also ask you to be considerate of our time and come to the conversation prepared. For example, if you think you have a model that works, we'd assume you have all the market/technology research and spreadsheet modeling ready to show us. Also, be aware, we're always evaluating an entrepreneur's drive -- extreme preparedness is a sure sign of that drive.

If you have no idea how big your market is, or who the major players are, etc.... and if a VC seem to know more about your market than you, you're absolutely not ready to talk to VCs for investments. The moral of the story here is that you need to do your homework.

Q: We have completed our angel funding phase, and are now looking for Series A funding.
A: Congrats on your progress of your company. A few questions before we proceed (for us to better advise you):
(1) How much funding have you had to-date?
(2) From whom (names of investors)?
(3) How long have you been in operations?
(4) Where is your office (city, country)?
(5) What was your revenues last quarter and the quarter before, if any?
(6) Do you have an investor deck you can send us?

Q: We are based in Australia and are currently sourcing a Series A round of financing we believe Monk's Hill might be interested in.
A: Our fund mandate for early stage companies (Series A and B) is limited to the Southeast Asia region. In the next few years, we might make one or two exceptions.... but it will likely be for teams in our network that we know well.

Hopefully, it is clear why we do this. We believe the early stage venture business involves a very active and close relationship between the investor/advisor and the entrepreneur/company. Your home city, being 8 hours flight away, makes that relationship difficult to build up. If we can't provide the level of service that we think our clients (founders) deserve, we'd rather not "sell" the product.

Q: We are based in India/China/US and are currently sourcing a Series A round of financing we believe Monk's Hill Ventures might be interested in.
A: India/China/US have thriving VC communities. We are unable to cover early stage investments in these regions as we are physically too far away for the kind of interaction we want to have with entrepreneurs at that stage. Further, our fund mandate for early stage companies (Series A and B) is limited to the Southeast Asia region.

Q: I am currently looking to secure funds to develop a live seafood trading platform focused intitially on the Chinese market. To whom I can send an Investment Prospectus?
A: Monk's Hill Ventures focuses on technology-driven businesses. Specifically, in software, Internet, and mobile solutions.

Q: I would like to present a China-based operating manufacturer of LED lighting which seeks $5m for capx expansion in the US.
A: Our fund's mandate excludes both early stage China-based companies as well as manufacturing/hardware based companies.

Q: We developed the worlds lightest short distance electric network vehicle based on advanced ultralight weight composites. Would you be interested in funding our Series B?
A: Monk's Hill Ventures focuses on businesses based on Internet and software technologies. That is our partnerships expertise. We do not feel that we are sufficiently knowledgeable about businesses outside our domains to be helpful. And if we cannot be of service to potential "customers" (i.e. entrepreneurs), we typically will not invest.

Q: We are about to commence our Series A fund raising and would like to enquire if you consider companies in the social gaming/online casino space.
A: We are open to conversations, but in general, we will not invest in businesses that are illegal in major markets.

Q: Would you have any recommendations on particular angel/seed funds I should take a closer look at?
A: There are many in the region, and most of the ones still operational are good. The not-so-good ones usually shutdown quickly since the competition is strong. We try not to be too biased with our partners. Use Google to check out these funds.

Q: We have a hardware device being launched on Indiegogo. Would you be able to fund us for expansion?
A: We usually fund companies coming out of the seed stage.

Also, consumer electronics is a difficult business to grow (there are exceptions--e.g. Nest), because the gross margins tend to get squeezed, distribution and inventory tends to get challenging at scale, etc. I trust you have thought thoroughly about the scalability of your business and the alignment with your personal goals before jumping in.

Q: What are the criteria to be funded by you?
A: We look at various factors but mainly we are searching for these points:

1. We invest in software/Internet-driven startups in post-seed stage

2. We look for this trifactor in the business: scalability (potential size of target market, typically >US$1B), repeatability (repeatable revenue model) and profitability (high gross margin, typically >50%).

Q: Is there any document that should be submitted or prepared for this purpose? Sorry to ask you since this is new for me.
A: If you don't know how to create an investor pitch deck/PPT, Google the internet for "vc pitch deck" or read Guy Kawasaki's "The Art of the Start". The Internet and Google are your friends.... use them. A pitch deck for a VC is similar to a resume for an employer.... if you are applying for a job, it is a given that you submit a resume.... if you are raising funds from a VC, you should have a pitch deck ready.

Also, you might to do some research as to what minimum top line potentials of startups are before they fall into the VC-investible category.... and have an analytical answer to yourself that satisfies you that your business has that possibility.

Q: Can you please sign an NDA before we send you information?
A: Sorry, as a general rule, we do not sign NDAs. Why? We highly respect any contract we sign and typically NDAs go beyond "we won't share your information". Further, we see hundreds of deals every year, and there's no way for us to keep track of that many contracts. We ask that you trust us with the confidentiality of the information you share with us. You have our commitment that the information will be treated with utmost confidentiality within our partnership. Our business is based on trust ... if we ever breach a trust, the word will get out, and pretty soon no entrepreneur would want to work with us.

Employment / Services

Q: I am currently an associate in a venture fund in Europe. I am looking for career opportunities in Asia (VCs/accelerators/startups).
A: Asia is now a fascinating place to do venture investing. This is where data/mobile/cloud technologies meet the world's fastest growing emerging markets. And with the fast falling cost of implementing technology, entrepreneurs are able to disrupt traditional markets earlier in the development of those markets.... creating hugh value.

However, as I look at your resume, I do not see any startup or operational experience. It looks like you have only been in a fund. We at Monk's Hill Ventures believe that if you are to be successful as a VC, you would need a few years of deep experience running parts of startups, or better yet, having founded your own startup. I'd encourage you to get involved in a startup if your hope is to become a world-class VC.

Q: I've a background in Project Management, and I was wondering if Monk's Hill is looking to hire a project manager for your team.
A: We're a fund management company, and our partners typically manage projects ourselves

Q: I'd like to offer our valued services to building those companies you have invested in. Could you introduce us?
A: When we invest, we look for fairly independent entrepreneurs. To that extent, we do not direct them on how to run their businesses, and do not provide unsolicited recommendations to them. However, if they do ask us, we will keep you in mind.

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Contact Us


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Contact Us


           JAKARTA office                                                                        SINGAPORE OFFICE:

              BITS Co-working Space                                                                                      31 Rochester Drive, Level 24

              Jalan Tulodong Atas 28, 3rd floor                                                                       Singapore 138637

              Jakarta 12110. Indonesia                                                           

 

              

 

Connect with us

reach.us@monkshill.com