A sneak peek into the background of people who work at Monk's Hill Ventures. Next up is Yee Hoong, our Investment Analyst.
1) What's your story?
I'm a chemical & biological engineer by education; went from MATLAB / C++ to VBA and eventually to P&L :)
I was working on my startup for two years prior to joining Monk's Hill Ventures.
2) What did you want to be as a child?
A research scientist!
3) How did you end up working in VC?
As a research engineer I'd always been passionate about solving real world problems with technology, and hence VC as an industry caught my attention since I was still in college.
My first encounter with VC was in technology commercialization of academic research. While wrapping up my previous startup, a friend introduced me to Monk's Hill and the rest is history.
4) What do you do to stay on top of relevant news in the VC world?
Following tech news sites and subscribing to other VCs' blogs - perspectives matter!
5) What's the most exciting thing about working in VC?
The prospects of helping companies grow through its life cycle, and often changing the landscape of an industry in that process.
6) What piece of advice do you have for aspiring entrepreneurs?
Leverage on your strengths and quickly identify your weaknesses. "Fail early, fail often, fail forward" - most of us take a few tries to get it "right".
Figure out why exactly you want to start a business - it's a great experience but certainly not for everyone. Work on your soft skills. And often, timing matters more than we'd think.
7) If you wanted to start a company today, in what space would you do it?
The short answer is I’m not sure if starting a (for-profit) company is the best method to solve the problems I care about - and I’m still looking for the answer. There are two large areas I think are critical to improving the human condition - life sciences and education; there are problems waiting to be solved from delivery to quality.
After doing the startup, my views of “starting a company” changed to “how best to solve a problem” - and I’m still in search for the “right answer” in this journey.
8) What has been the biggest lessons you learned since you started working in Venture Capital?
Striving to “get to no” as quickly as we can. There’s nothing more valuable than a founder’s time. Each interaction we have with founders costs the company valuable resources in the form of founders’ time. It certainly took me a few tries to reach that right balance in the due diligence process.
9) What's the hardest thing about being you?
Putting on weight...
10) If your life was a book, which book would it be?