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By Stanley Lim Peir Shenq, CFA (29 November 2016)
Earlier this month, The Motley Fool Singapore was invited to meet with Trendlines Group Ltd.’s (SGX:42T) Chairman and Chief Executive Officer, Stephen “Steve” Rhodes.
Trendlines is a relatively new listed company in Singapore’s stock market, having floated its shares only in November 2015. The company is a venture capital investor based in Israel and it invests mainly in companies that deal with medical devices and agriculture technologies.
Here are three interesting things we learned from our exclusive interview with Steve Rhodes.
Shark Tank; Trendlines Style
When Steve Rhodes was describing his company’s business model during the meeting, I could not help but think of the similarity between Trendlines and the reality TV programme Shark Tank.
For those of you who are unfamiliar with Shark Tank, it is a show featuring entrepreneurs who would pitch their companies or ideas to a panel of investors, in the hopes of obtaining an investment from the panel.
In a similar manner, Trendlines also has many entrepreneurs coming to them all the time to ask for capital. In fact, according to Steve, Trendlines evaluates about 500 proposals a year. The company has two permanent staff in Israel sourcing investment opportunities.
But, unlike Shark Tank, Trendlines goes through a thorough evaluation process before investing in any startup. It might take up to nine months of evaluation before the company makes an investment. The company is also very strict when it comes to selecting the startups that it wants to invest in. Within any given year, Trendlines might only invest in eight new startups out of the 500 or so proposals it receives.
See the other two things The Motley Fool learned from its interview with Steve in the full article.