Doc: Introducing Ryan Evans Vennanddi, an Investment Analyst of AC Ventures, as the speaker for the Entrepreneurship Hub Startup Clinic: Preparing Your Business for Investment

On May 31, 2024, as part of the Entrepreneurship Hub Program of the Center for Innovation, Design, and Entrepreneurship Research (CIDER), BINUS International collaborated with AC Ventures to organize a startup clinic themed “Preparing Your Business for Investment”.

This event aimed to equip aspiring student entrepreneurs with the knowledge and skills needed to make their businesses investor-ready. Many student founders believe that securing funding from venture capital (VC) is the key to their business success. This assumption often leads to a rush to meet venture capitalists and pitch their business ideas, hoping to secure funding as quickly as possible.

However, understanding that investors have specific expectations and require detailed information for their decision-making process can significantly improve the preparation and presentation of a business.

Doc: Gunungku Startup pitched to the AC Ventures team

In this startup clinic, students learned how to analyze their own business ideas, identify areas for improvement, and measure their readiness for investment. They also practiced pitching their ideas, while gaining valuable experience in presenting to potential investors.

Ryan Evans Vennanddi, an Investment Analyst at AC Ventures, shared his expertise on the startup funding landscape in Indonesia. He provided detailed insights on what startups need to prepare during the investment process, covering key expectations and specific information investors look for during their decision-making process.

Doc: Ryan Evans Vennanddi, an Investment Analyst at AC Ventures shared his expertise

The session began by elucidating the different stages of investment, helping students grasp the nuances and requirements of each phase. This understanding is crucial for founders to tailor their approaches and strategies according to their business growth. Following the insightful sharing session, a pitch coaching session was conducted.

Five startups from BINUS International had the opportunity to pitch their ideas in front of the AC Ventures team, and they received constructive feedback and advice. The participating startups were:

  • FDF: A crochet fashion line by Felita Del Fong from the Fashion Study Program.
  • Gunungku: A mobile app focused on mountain tourism for hikers and travelers, developed by Marco Aristo from the Business Information Systems Study Program.
  • Reefarm: An agriculture technology system for vertical farming, created by Riki Awal Syahputra from the Computer Science Study Program.
  • JAM: A one-stop mobile app for people who want to hang out, proposed by Jasterina Felipe from the Communication Study Program.Bagian Bawah Formulir

The startup clinic addressed a common misconception among student founders that securing funding from venture capital (VC) is the ultimate key to business success. It highlighted the importance of understanding investor expectations and the critical information required for their decision-making process.

By comprehending these aspects, founders can better prepare their business and pitch, enhancing their chances of securing investment. The session also covered the technicalities of presenting a business to investors, including the key information to incorporate, the optimal length of the presentation, and other factors that influence investor decisions.

Conclusion

The startup clinic “Preparing Your Business for Investment” provided invaluable insights and practical experience for BINUS International students, in helping them understand the nuances of the investment process and how to effectively pitch their business ideas.

By collaborating with AC Ventures, CIDER continues to nurture an entrepreneurial spirit within the university by preparing students to succeed in the competitive startup ecosystem.

For more information on upcoming events and programs, stay tuned to the official channels of BINUS University International and CIDER.

Website: https://international.binus.ac.id/cider

Instagram: @BINUS_CIDER

Email: cider@binus.edu