What is Entrepreneurs Programme?
NEXEA’s Entrepreneur Programme is Malaysia’s exclusive peer network for top tech entrepreneurs to learn and grow together. Entrepreneurs are guided by some of the best startup mentors and investors. his is a unique experience created for top entrepreneurs only.
With top mentors in the country working with NEXEA, you’ll be able to get guidance from real, experienced mentors that are also Angel Investors (they have done IPOs/ M&A & are Chief Executives levels only).
Joining this programme will allow and make the entrepreneurs capable of being able to solve CEO level problems. But not alone. Solve your business problems with peer entrepreneurs who have probably experienced similar issues. We use systematic methods to solve issues together. This programme is created by entrepreneurs, for entrepreneurs. The Entrepreneurs Programme large group of technology Startups and the CEOs of these groups that want to learn & grow together
The NEXEA Academy group mentoring includes full-day agendas exclusive to members & designed to benefit startups in a peer-to-peer manner. It also includes experts that come in to benefit the startups in desired topics or areas that are important to members. This platform enables private peer-to-peer learning from diverse industries. Peer group is a group of individuals or entities that share similar characteristics and interests among one another. Peer groups, in the case of people, have characteristics that include similarities like socioeconomic status, level of education, ethnic background, and so on among its individual members. In the context of firms, a peer group refers to companies that are competitors in the same industry sector and are of similar size.
Each mentoring group will consist of the mentor and 10 to 20 Startups from non-competing industries and backgrounds. These groups will be able to learn from other leaders and industries, as well as their unique backgrounds. The Group Mentoring programme is designed just for startups. This programme only works with strong entrepreneurs, guided by strong mentors. This is why we curate the members that join, to ensure everyone can benefit, learn and grow together in a powerful environment to succeed.
Background to NEXEA
NEXEA is a Startup Investment company that specialises in supporting and funding technology companies that have the potential to be the next technology giants. NEXEA also has services for investors and corporates that want to invest or work with future technology giants.
Our mission is to match the best startups with the best investors and corporates to grow future technology giants.
NEXEA is known for its mentors who are successful ex-entrepreneurs, or C-levels who own or have sold (IPO, M&A) their businesses. We believe that they are the best people to mentor and guide the next generation of business owners.
At the inception of NEXEA, they’ve laid a few founding principles that are carried on to this day;
They aim to increase the Startup success rate from 1 in 10 towards 2 in 10 and beyond by supporting as many Startup Founders as we can, and as often as we can.
They do not tell Startups what to do — we support and advise Startups. We advise them via experienced Founders (mentors) who have already found success.
They do not chase after money — we focus on building up Startup fundamentals the right way. By focusing on fundamentals, the rest will follow.
NEXEA is renowned in the country for supporting and nurturing startups with their success stories and testimonials below:
“As a young entrepreneur, I am really glad to have NEXEA by our side as their mentors are groups of business experts who excel in their respective fields. They have been extremely helpful, especially in offering different points of view when it comes to important company decisions.
They have also been doing great at forming a good community for startups like us to participate in, where we get to learn, make mistakes and grow together”.
“NEXEA has helped us a lot throughout my journey as a student entrepreneur. In the mentoring sessions that we have periodically, it has enabled me to “come out from my business” for a while and look at the company with the mentors. This has allowed us to come out with a new perspective as well as learning from experienced mentors that have started a business before. Overall, NEXEA has not only accelerated the growth of our business, but also the personal growth of myself as a first-time entrepreneur”.
Yi Hern Chang
“Ever since the accelerator with NEXEA, we have gotten tremendous help and support from them. A frequent mentoring session was conducted even after the programme.
Their experience and insights were informative and helpful in growing our business. Besides that, the technical support provided by them was great”.
Kim Yoong Wong
How Are Startups Different From Other Companies?
A startup is a young company founded by one or more entrepreneurs to develop a unique product or service and bring it to market. By its nature, the typical startup tends to be a shoestring operation, with initial funding from the founders or their friends and families. One of the startup’s first tasks is raising a substantial amount of money to further develop the product. To do that, they have to make a strong argument, if not a prototype, that supports their claim that their idea is truly new or a great improvement to something on the market.
Though a vast majority of startups fail, some of history’s most successful entrepreneurs created startups like Microsoft (founded by Bill Gates), Ford Motors (founded by Henry Ford), and McDonald’s (founded by Ray Kroc).
The definition of a ‘startup’ that is most accepted by business schools was defined by Steve Blank, a serial entrepreneur and professor at business schools such as Stanford, Berkeley and Imperial College. The definition is as follows: a startup is “a temporary organization designed to look for a business model that is repeatable and scalable.” While a company is “a permanent organization designed to execute a business model that is repeatable and scalable.” Therefore the difference is that startups look for an attractive business model, while companies already have such a business model and are focused on successfully executing it. This distinction affects the nature and needs of both kinds of organizations.
Valuation of Startups
Startups have no history and less profit to show. That makes investing in them risky. If an idea seems to have merit, potential investors may use any of several approaches to estimate how much money it could take to get it off the ground.
- The cost to duplicate approach looks at the expenses the company has already incurred to develop its product or service and purchase physical assets. This valuation method doesn’t consider the company’s future potential or intangible assets.
- The market approach considers the acquisition costs of similar companies in the recent past. This approach may be stymied if the startup idea really is unique.
- The discounted cash flow approach looks at the company’s expected future cash flow. This approach is highly subjective.
- The development stage approach assigns a higher range of potential value to a startup that is more fully developed. Even if it’s not profitable, a startup that has a website and can show some sales and traffic is likely to get a higher valuation than one that merely has an interesting idea.
Because startups have a high failure rate, would-be investors consider the management team’s experience as well as the idea. Even angel investors don’t invest money they cannot afford to lose.
Challenges Faced By Startups
There are multiple challenges that new startup and growing businesses face every day. NEXEA has been able to not only mentor the entrepreneurs that are facing these challenges but be able to guide and nurture their founders and entrepreneurs with the help of their mentors as well. They not only aid financially but at the same time be able to guide the entrepreneurs. A few of the challenges that startups face are listed below:
- Intense competition. The corporate world is quite fierce. There is always a competition going on between the giants. Competition poses one of the biggest challenges for the survival of startup businesses. And if you have an online business startup, the competition gets tougher. The competitive environment keeps the startups on their toes, as there is no margin of error available. Both B2B and B2C organizations always tend to feel the heat of the fierce competition. In order to survive in this competitive business environment that covers both traditional and online businesses, the startups need to play aggressively and punch above their weight to gain the much-needed recognition amongst the clusters of ever-challenging and expanding businesses.
- Remember the fact that when income increases, the expenditures also increase. There is no doubt about it. One of the biggest challenges that startups face today relates to financial management. It is a fact that small startups rely heavily on financial backups from so-called investors. At times, when there is a cash influx, small firms, most importantly startups tend to find it really hard to properly manage their finances, and they bog down against the pressure. In order to address this kind of situation, startups need to play a safe and cautious hand, by keeping all the cards close to their chests. Taking help from a reputed financial consultancy firm may really help out in managing financial crises facing today’s startup businesses.