KUBS Startup Institute: Lecture Series #2]
“Everything about Startup M&A and Investment” by Fast Track Asia CEO Jiwoong Park

On April 18 (Tue), Fast Track Asia CEO Jiwoong Park delivered a lecture at the KUBS Startup Station. The lecture, titled “Everything about Startup M&A and Investment,” was held as part of the Entrepreneurship Academy Lecture Series. The session includes △Introduction to Fast Asia Track, △Life as a Venture Capitalist and Entrepreneur, and △Advice on Startup.

CEO Park co-founded Fast Track Asia in 2012 under the concept of “Company Building Company.” The two representative companies that Fast Track Asia invested in were Timon and Baedal Minjok. “The software industry will gradually expand,” CEO Park said. “We have been reaching out to industries in which the market size is large but software services are yet to be developed.” Afterwards, CEO Park talked about life as a venture capitalist.

CEO Park said that it is important for those who chose to be a venture capitalist to walk its path as soon as possible. “A venture capitalist is assessed solely by performance, not oneself nor one’s diligence,” he added. “It is significant to study markets and industries and improve your performance rather than just gaining knowledge of venture capital.”

During the Q&A session, the audience asked what the most important quality of a venture capitalist was. “If you invest for a long period of time, you may become arrogant and confident in a certain industry,” CEO Park said. “Thus, maintaining your humility will help you build trust in relations and play a key role when investing.”