886 Studios

Fundraising has always been a hot topic for startup founders. The crucial step is to negotiate the term sheet. Listen to what our 886 partner, Kevin Chou, suggests for founders navigating this process. Understand the key leverage points in your negotiations. The 4 key leverage points will always be: A) is the funding market in a bull or bear stance? B) is your market segment bullish (e.g. AI in 2022, web3 in 2021)? C) is your business growing revenues quickly? D) Do you have another term sheet? If all 4 of these leverage points are in your favor, you have all the leverage in negotiating with the lead investor. As you lose leverage points, you will find that you lose more and more favorable terms. Moreover, create FOMO, and have a high degree of self-confidence. About Kevin: the founder of Superlayer, a new crypto venture studio, previously worked at Kabam as a Co-Founder and CEO. If you want to learn more about term sheet negotiation, send us an email at we@886studios.com.

Many founders choose to start a company with school friends or ex-colleagues, but how about with your spouse? 🤔 It might sound like a red flag to some investors, but our partner Joseph Hei shares his experience in building Orbit Baby (exited in 2011) with his wife. It's a valuable lesson in wisdom and leadership: "Starting Orbit Baby with my wife was probably the more dramatic and interesting story. What made it work were the good boundaries and rules we set. For example, we decided not to talk about the business during or after dinner. We also carved out different business responsibilities. Respecting these boundaries was crucial to maintaining our personal relationship, and it taught me a valuable lesson. If you’re really building something with people, you need to learn to trust them and let them do their thing. If they don’t, then that’s a different problem. It’s common for leaders to want to micromanage, but since micromanaging your spouse is not feasible, you end up learning a good lesson on how to work with your co-founders in general." 💡He also shares an important mindset when it comes to communication: Embrace a 'yes, and...' attitude and remain optimistic, essential for navigating startup challenges together. an underrated quality co-founders need is the attitude and approach that they are trying to build on your ideas and efforts, and vice versa, and not trying to find holes or problems or blockers on what you’re doing. 💬 For more insights or to discuss co-founder strategies, connect with us at we@886studios.com #CoFounder #StartupLife #Entrepreneurship #BusinessPartners #886Studios

June has been a special month with COMPUTEX and InnoVEX kickstarting a whirlwind of startup activities in Taipei! Here's where we’ve been: 🚀 InnoVEX/COMPUTEX (Taipei Computer Association 台北市電腦商業同業公會) 🎉 Product Hunt in Taipei (PicCollage and Jovian Gautama) 🌐 Summer Night 11th Fleet (Eleventh Fleet Pte. Ltd.) 🍽️ Founder Feast (Hamoun Karami) 🌍 Tech x Gold Card (Taiwan Employment Gold Card Office and Jonathan Liao) A big thank you to all the amazing hosts for their efforts in building the startup community. We’re thrilled to be a part of it! #startupcommunity #innovex #computex #startup #producthunt #886Studios

When embarking on your startup journey, choosing the right co-founder isn't just about skills—it's about connection, compatibility, and complementing each other's capabilities. Kai Huang, co-founder of RedOctane and Managing Partner at 886 Studios, shares insights from his experiences: 👥 Synergy Between Skill Sets: "Having a balanced co-founding team with both business and technical expertise is crucial. This division allows technical co-founders to focus on product development, while business co-founders can drive fundraising and marketing efforts." 🤝 The Right Traits for Success: "A co-founder should share your level of enthusiasm, dedication, willingness to sacrifice, and openness. It's essential for co-founders to balance each other out. If a co-founder can’t match you in any of these categories, it will be very difficult to work together long term" We collect frequently asked questions from startup founders, and we invite experienced entrepreneurs to answer those. Welcome if you have any founder questions to ask: https://tally.so/r/m626gk #Cofounder #StartupLife #Entrepreneurship #886Studios #FFAQ #AMA

Navigating the complexities of founder networking can be a game-changer in the entrepreneurial journey. James Hong, Partner at 886 Studios and Co-founder of HOT or NOT, offers strategies to founders who wants to build effective networks: 1️⃣ Leverage Warm Introductions: Instead of asking directly for an introduction, provide a forwardable email. This helps your contact easily introduce you while checking the other party's interest first. 2️⃣ Network Without Immediate Needs: The best connections are made when you're not seeking a direct benefit. Engage with others in contexts that aren't transactional to build genuine relationships. 3️⃣ Offer Value to Your Network: Help others by making connections that benefit them. The secret to networking is to primarily give, not take. 4️⃣ Be Discreet and Considerate: Never make an introduction unless it provides clear value to both parties. Thoughtful networking ensures lasting, beneficial connections. Struggling with how to network effectively or have other founder-related questions? Ask us anything, we are here to help: https://tally.so/r/m626gk #startup #networkingtips #entrepreneurship #leadership #886Studios

Great demo day yesterday! Met inspiring founders and learn about their businesses⚡

“Speed is an entrepreneur's greatest ally when trying to close a round of funding.” - Jameson Hsu, 886 Studios Partner and a serial entrepreneur with several exits. When it comes to fundraising, founders often find themselves with several interested investors but no one willing to take the lead. This can delay the process for both the company and the fundraising efforts. Here are some tips from Jameson: 1️⃣ Speed up deal closing: Quick meetings and fast action keep investor interest. 2️⃣ Provide favorable terms if needed. 3️⃣ Keep investors engaged: Regular updates and progress reports are key. 4️⃣ Leverage your unique selling points to negotiate better terms. Are you facing challenges in your funding rounds? or any other founder questions you wanna ask? We are here to help: https://tally.so/r/m626gk #startup #fundraisingtips #entrepreneurship #leadership #ikigailaunchpad

It's a wrap! with the support from AIT, we had the founders gathering at AIC in Taipei recently! Great news from our founder fellows: 🇺🇸 Liang-Bin Hsueh’s AI company MeetAndy AI embarks the journey to SF for 500 Global Program. ⛳ Congrats Jac Hsieh, DMKTZ Inc for joining nVidia Inception program. 👀 Enspyre Inc. 安石國際 Elias Ek is looking for new B2B sales person to grow the business together 💪 Cheers to our founders Preciser Jacky Chung and Shirley Chen on new hire in building product. It is always inspiring to gather all founders from different stages together to catch up, share experiences, and brainstorm new ideas. Every good idea starts with a spark, subscribe to our newsletter for more ideas. The link to subscribe is in the comments.

Ask your questions: https://tally.so/r/m626gk Q: How to find a right co-founder for me? “Find a co-founder who can hustle. Hustle means the ability to build and sell.” That’s the advice from our 886 partner, Charles Huang. Searching for a co-founder can take time, but it's better than rushing into a mismatch. The wrong co-founder dynamic can easily kill a startup. Charles also emphasizes: “You need someone who can build quickly and cost-efficiently, and also sell to various customers or partners. These qualities are crucial to achieving product-market fit before resources run out.” Charles shared his experience building three companies with his brother Kai, two with former co-workers, and one with a high school friend. He prefers co-founders he has known for years to mitigate two key risks: - Chemistry risk: we can work with each other. - Skills fit risk: we know what each person can do. Are you looking for a co-founder? It might be time to review your contact list and grab a coffee with those who are not just smart and enjoyable to work with, but who can also hustle. Follow us to get the updates of more Founders Frequent Ask Questions. #startup #founders #entrepreneurship #startuplife #hustle

🎉 What a soul-baring Idea Hunt we had! From interactive 3D portfolios to the future of podcast searching, our founders brought their A-game with cutting-edge ideas. Not only these business ambitions, but the true and touching stories behind the businesses. Here’s a quick snapshot of the teams lighting up the path to innovation: - Cue Sifter - Sam Kim: Revolutionizing how we access and share podcast content. - Web3MUD.Game - Matthew Luu: Blending blockchain with gameplay for immersive learning. - IntelliLead - Mason Kuang: Boosting local business visibility with smart technology. - JudoWellness - Jude Wang: Creating a vibrant community for mental health support. - TheRoom - Sam Huang: Transforming how we connect on Telegram with 3D flair. Can't wait to see what these innovative minds do next! If you have an idea or question, go on to next idea hunt with us! https://lnkd.in/gbsc-chZ #IdeaHunt #Innovation #Startups #Entrepreneurship #Tech