Friday, December 4, 2009

Way Of The VC Contest - Aplpco.com

Rudy Preciado, Aplpco.com

Brief Profile of Entrepreneur / Venture.
Scenario: You are looking to purchase a red scooter, your in a car, out an about, or some location you are normally not accustomed to, you pull out your mobile phone, you click this downloaded application an type in your search criteria. The top 5 locations pop up with best price nearest to you. You can interact with them directly or indirectly, depending on your preference. You can either purchase those items & pick it up directly, or allow sellers to bid on your business. You accept the last price and pick up your item. You found your red scooter at the best valued price.

How is your product a breakthrough or disruptively innovative?
Real time, placing buyers & sellers near to each other. Exclusive marketing opportunities.

Given 20-20 hindsight, what would you do differently?
Surround yourself with people smarter than yourself.

What is your most memorable fund-raising experience?
One to one pitch with two people who were early stage VC's, and they drilled me on something I was barely putting together while looking for seed funds. They drilled me, drilled me, ask what I wanted, drilled me, and then said you are on to something ! Talk to us again later.
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- Best, Tan Yinglan    


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