To get funding, you must desire a Mercedes

In 1997, KarenSoft started to grow and I ran out of money to fund our growth. Interesting enough, a Malaysian VC fund discovered us. Before long, I was exposed to stuff such as term sheets and due diligences.

On reaching the Penang International Airport, the Investment Analyst ( I shall call him JS) said "Hey, Chee, don't you think that Mercedes on your right looks beautiful ? Don't you wish that you could be driving one ? " I foolishly said "Nope, not interested !"

Needless to say, KarenSoft was given the much needed funding ! In 2002, when I was invited to a MavCap seminar and reading the notes, I finally discovered that most VCs do not like CEOs who have no desire for material stuff ! Oh Well !