(Cnet Korea = Reporter Kim Tae-hoon) Know-How (KNOWHOW), a private information community for early startup CEOs, announced that it is recruiting startups to participate in “KNOWHOW Exclusive”.
“Know-How Exclusive” is an investment program managed by the company. If a startup wants to invest, it fills out an application form and delivers it directly to the desired investors.
Know-How explains that because their team sends the information directly to the investment screening department, the investment success rate is increased (about 8%) compared to sending it via regular email (less than 1% ). If the investment is unsuccessful, feedback on why the investment was not made is provided via verified partners.
An official said: “Representatives of startups participating in Know-How Exclusive can submit IRs and business plans immediately for review, rather than having to visit each investment company individually,” adding: “During this process, they receive feedback from partners and they attract investments.” “It can increase your chances of success,” she pointed out.
He continued: “We want to reduce the information gap through know-how and create a virtuous cycle of shared growth and an investment ecosystem between venture capital (VC) and startups, so that we do not take profits even if the investment is successful” . She added: “Starting this year, Kakao Ventures and Mashup Angels “We are working with about 7 investment companies, so we are asking for more participation.
The know-how began with the “CEO Lounge” feature where senior entrepreneurs can share their wisdom, and expanded the scope of the service to include a content curation feature where various financing-related information can be provided, and Exclusive know-how that connects investments.
I’m a happy optimist with a big heart who loves IT^^
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