The Process of Licensing

Today, I can share that Gamerforce Ventures Pte. Ltd. is now officially a licensed financial institution registered with the Monetary Authority of Singapore carrying out Venture Capital Fund Management activities.

This entire process of 15-16 months working towards the license reminded me of many things from my startup days. And here are some lessons that I would like to share from this process.

  1. Know why you want to do what you are planning to do. If it is solely for the money, you won’t be able to last. It is a vision that kept me going, something I will share at the end of this post.
  2. Have a group of close friends who you know you can rely on. More often than not, I have had a number of friends who backed the Archangel Fund as a separate SPV. This allowed me to focus my attention on building up our track record while we continue the licensing process.
  3. This is only the first step. As the saying goes, “the only easy day was yesterday”. Once this is done, there are many more steps behind, fundraising, legal paperwork, capital deployment, portfolio management, and harvesting. And the cycle repeats itself.
  4. Things happen in cycles. Even in such difficult times, there are opportunities with great founders out there raising capital. Valuations have re-adjusted to become more realistic.

Why do we do what we do? What is the purpose of our existence?

We empower mavericks globally to launch and scale global, disruptive companies to better the world for our future generations.

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