Know-how, recruiting startups to participate in the investment-linked program ‘Know-how Exclusive’ – Cnet Korea

(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-related program operated 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 its team submits the information directly to the investment screening department, it has increased the investment success rate (about 8%) compared to sending it by regular email (less than 1%). If the investment is not successful, feedback on why the investment was not made is provided through verified partners.

An official said, “Startup representatives participating in Know-How Exclusive can submit IR and business plans at once for review, rather than having to visit each investment company individually,” adding, “During this process, they receive feedback from partners and attract investment.” “It can increase the probability of success,” he emphasized.

He continued, “We want to reduce the gap in information through know-how and create a virtuous cycle of shared growth and investment ecosystem between venture capital (VC) and startups, so we do not take profits even if the investment is successful.” He added, “Starting this year, Kakao Ventures and Mashup Angels “We are working with about 7 investment companies, so we ask for more participation.”

Know-How started with the ‘CEO Lounge’ function where senior entrepreneurs can share their wisdom, and has expanded the scope of the service to include a content curation function where various information related to financing can be delivered, and Know-how Exclusive that connects investments. .

Please enable JavaScript to post LiveRe comments.