An insightful conversation between Ian Gan and Lynn Lin as they dive deep into Venture Debt Fund 1 (VDF1), to help those starting out on their entrepreneurial journey.
VDF1 is a new convertible loan, established under the special collaboration between SEED Ventures and REED Capital Partners. Any aspiring entrepreneurs or newly established business owners can now pitch in for VDF1.
To kickstart the webinar, Ian explained that VDF1 is a loan that has no interest, in exchange for your business equity. The speakers also shared how they are different from other VC firms, by focusing on new entrepreneurs.
What captured the audience’s attention was also the speakers’ recent experience with different entrepreneurs pitching to them for VDF1. In addition, they also pointed out their checklist for the type of entrepreneurs they are looking to invest in.
To conclude, the speakers highlighted the difference between bank loans and VDF1. Unlike banks, VDF1 offers a strategic investment other than only funding in a way that helps the entrepreneur in their business development.
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