Tuesday, 30 June 2015

Tey Por Yee the startup angel investor. Get funded today.

Many people will be surprised to know that Dato Larry Tey Por Yee of Malaysia is one such person who has the distinction of having invested in more than 1,000 startups till date. By participating and arranging startups to investors through venture funds and private equity, the funds would have benefited startups across all walks of industries. An important work the modern society can't see what venture capitalist did behind the scene.

Some people know him as Tey Por Yee Venture Capitalist while some others call him Tey Por Yee Angel Investor. Friends, acquaintances, family members and business associates of Dato Larry Tey Por Yee also call him by different names such as Tey Por Yee, Larry Tey Por Yee and Dato Tey Por Yee. Fact of the matter is that by whatever name you call him, this legendary entrepreneur has achieved the unique distinction of helping out thousands of small startups raise money at a rather young age of 40 years. He is also a known philanthropist.

Larry Tey Por Yee was born in Malaysia on 2nd February, 1976 in a not-very-rich family. He completed his Bachelor of Commerce degree course from Canada (University of Manitoba) in the year 1998.

Tey Por Yee is the CEO and founder of Nexgram Group of Malaysia which has business interests in Malaysia, Indonesia, Thailand and China. The fields in which he has business interests and investments include information technology, telecom, property, oil and gas, commodities, energy, mining, internet, shipping, social media, packaging and manufacturing. Nexgram had started small with software but is a huge conglomerate today with presence even in surveillance and securities business. It has its representative offices all over the world.

If you are in South East Asia and are looking for funds for a startup, rush straight to Dato Larry Tey Por Yee and the chances are that soon help will be on its way to you. To help startups go through the venture process, Larry joined startup accelerator Gomif Partners, a socialpreneur network focus on social business models. (visit gomif.com for more information).

What is Startup?

In common parlance, a startup is any new or upcoming business or entrepreneurial venture set up by an individual, two or more partners, any other institution or by a company in a typically fast growing arena by offering an innovative product or service. The term got popular in the late 1990s when a large number of internet-based companies were founded across the world. Typically, such startups often use latest technologies such as computers, internet, robotics, e-commerce or telecommunications. However, it is not necessary that all startups operate in high technology sectors only.

According to start up angel investor Tey Por Yee, all definitions point out that startups refer to a business which is technology driven or oriented and has a potential for high growth at a rapid pace. This growth could be in terms of revenues or number of employees or both. A startup often attempts to disrupt the existing market in a big way and with a jerk. Thus, a startup generally works in a hitherto unknown and untried manner. It also has a low survival rate.

With the above background in mind, it would not be wrong to say that not many people have the courage to fund startups.

Wednesday, 18 February 2015

Tey Por Yee (Larry) kicks back: What it takes to be an Entrepreneur?


Dato Larry Tey Por Yee has often been described as an entrepreneur par excellence. He was born in Malaysia on 2nd February, 1976 in a modest family. His parents were not extremely rich. Yet, as on date, Larry Tey Por Yee can be counted amongst the most successful entrepreneurs that Malaysia has seen in the last few decades. He is a successful venture capitalist and angel investor who goes out of his way to help and promote startups in raising money. Larry is a member of Gomif Partners, a socialpreneur startup accelerator network bridging social businesses with investors.

Tey Por Yee is the founder and CEO of Nexgram Group of Malaysia with business interests in Malaysia, China, Thailand and Indonesia. He has investments and business interests in information technology, property, telecom, oil and gas, energy, commodities, mining, shipping, social media, internet, packaging and manufacturing industries.

Family members, friends, acquaintances and business associates of Dato Larry Tey Por Yee know and address him as Tey Por Yee, Larry Tey Por Yee and Dato Tey Por Yee. Being as affable as Tey Por Yee is, he responds to all these names with as much ease and affection as could be expected of the modest out of all highly successful entrepreneurs around.

Larry Tey Por Yee started his career as a small businessman. He invested in collectibles. The money earned and saved by him was re-invested in technology startups. He had already invested his money in more than 7 startups before he reached the age of 26. Some of these businesses went public and gave a windfall profit to Tey Por Yee. This was followed by cross border mergers and acquisitions. By the year 2012, Tey Por Yee had investments in more than 1000 companies spread in 5 continents.

Today, Nexgram is a listed investment holding company. It has many subsidiaries as well. The company which had started off as a software company is a huge conglomerate now. It even has a presence in surveillance and securities business with representative offices spread across the world. So much and more for the entrepreneur in Tey Por Yee!

Generally speaking, any person who takes the initiative to set up and manage his own business enterprise and takes the inherent financial risk in the hope and expectation of earning profits is an entrepreneur. What was just a concept in the mind of an individual soon takes the shape of a startup company which offers its products or services to its customers or clients due to the efforts of an entrepreneur.

Sometimes, a young person may start a small business as a sole proprietor and offer an existing product or service to his customers and may not really aim at much or any growth. Strictly speaking, such a non-dynamic person, howsoever successful he may be in his small business, will not fall within the definition of an entrepreneur. Dynamism, growth orientation, risk taking and other vital in built qualities of an entrepreneur are missing here. But Dato Larry Tey Por Yee is a hard core entrepreneur in every sense of the term. Tey Por Yee not only works hard but he also works smart. He is philanthropic too!

Dato Larry Tey Por Yee has all the characteristics of a successful entrepreneur. He is enthusiastic, dynamic, creative, far-sighted, persuasive, versatile, competitive, flexible and open minded. He has the necessary drive, initiative, risk taking ability, ethics and determination.

As opposed to a typical entrepreneur, who will often come up with an idea, start the company, and then see it through and play an important role in the day to day functioning of the new company, a serial entrepreneur will often come up with the idea and get things started, but then give responsibility to someone else. Larry fits the role as serial entrepreneur and help build many businesses for his investors, despite being an investor himself.

Larry Tey Por Yee is endowed with the uncommon trait of taking criticism and even false accusations in his stride. Tey Por Yee had an unfortunate business related experience some time back with an ex-associate. Yet, he simply believes in forgiving his detractors and moving on in life with full gutso!