On 11/11, "The Key to Seed Startup Funding," an event to commemorate the 1st anniversary of the establishment of the fabbit / NVCC Startup Fund, was held at fabbit Global Gateway “Otemachi”.
The event began with the greetings from Nippon Venture Capital Co., Ltd. (NVCC) Representative Director Chairman Shuichi Okuhara and fabbit President Yasunari Tanaka.
The first half featured a panel discussions with 3 startups which were funded by the fabbit / NVCC fund, President and Representative Director of the listed company bplats Mr. Kenji Fujita, and NVCC Executive Officer / Venture Capitalist Mr. Hiroshi Terunuma.
Many questions were fielded from the audience, spurring energetic discussions regarding the timing of funding, how to engage with VCs, and the perspectives of investors.
There were many common points among the seed startup companies, such as the timing when the funding was considered when the service started, and the opportunity to receive investment from NVCC was due to the connection of various people. We also received comments that startups would like to associate with VCs who understand their business and support them from various perspectives.
Regarding the pitch that will be the first point of contact between startups and VCs, the initial first impression is important from the perspective of investors, but how much does it have to understand the amount of heat and understanding of the business through the subsequent Q & A? Mr. Terunuma commented that he was conscious about.
Mr. Fujita, a senior-listed company, invested by NVCC during the seeding period, and with Terumuma, who has supported him as a responsible capitalist since that time, and as a result, listed on TSE Mothers in 2018. About the experience that I reached, a hot gaze was sent from the venue.
In the second half, Mr. Susumu Shinohara, General Manager of NVCC West Japan Branch, gave a presentation titled “Introduction of Funds, NVCC Support Cases” and an overview of NVCC's past fund formation and organizational structure, as well as the startup phase. We introduced each support system and specific support cases for investment destinations. It was an opportunity to get closer to NVCC and our fabbit / NVCC startup fund.
After the lecture, the networking party was attended by instructors at the venue, and business card exchanges were actively held, and the venue was closed with enthusiasm.