- World-class early stage venture capitalist seeks to invest in New Mexico entrepreneurs
The week of April 3-9 Paul Singh, a successful entrepreneur and seed-stage investor, will visit Los Alamos, Taos, Santa Fe and Albuquerque to deliver a week-long series of events for aspiring entrepreneurs and community members.
Entrepreneur and seed-stage investor Paul Singh
His “2016 Tech Tour” is a great opportunity for anyone starting a business, getting some practice at pitching, or getting that idea off the back burner. It also is an opportunity for entrepreneurs all over the state to get together for networking.
“I’m driving across North America to visit the places that startups actually start (and grow) their businesses,” wrote Singh on his website, www.resultsjunkies.com. “Over the past five years, I’ve flown 500,000 miles, raised tens of millions of dollars for my venture funds, and invested in hundreds of companies around the world. I know startups and small businesses better than anyone else. And they know me. Along the way, I’ll mentor thousands of entrepreneurs, visit incubators and co-working spaces, hold investor dinners and dive into the local (tech) culture. I’m doing it all with a pickup truck and a custom-built Airstream travel trailer.”
Singh started his career at America Online 15-17 years ago. Then he started several companies. In 2010 he raised his first venture capital fund, that invested in 1,500 companies worldwide.
“My goal is to go where venture capitalists don’t ordinarily go. I’d like to avoid getting on an airplane, slow things down and meet as many founders and investors along the way as possible,” he said.
One of the biggest reasons that New Mexican entrepreneurs should be excited, and plan to participate, is that this is a rare opportunity to receive funding that could make an idea possible. Singh plans to make up to 20 investments this year and will consider the businesses that he encounters on his tour, particularly businesses that acquire or service customers through the Internet. Typically, his investments range from $50,000 to $250,000. And it’s not just him.
“I’m bringing outside investors with me,” he said. “I’ll either fly them in or have them drive in. That way entrepreneurs can meet other investors as well.”
During Tech Tour 2016, Singh also will visit Washington, D.C.; Shreveport, La.; Pittsburg, Penn.; Tulsa, Okla. and more than 28 cities across the U.S. and Canada. Singh has a significant following (for example, he has 250,000 Twitter followers) and will bring the spotlight to New Mexico by marketing the event to the national press.
Singh’s visit to Los Alamos is hosted by Nik Seet (LANL/RDC VAF fund’s entrepreneur-in-residence who has been working to facilitate an entrepreneurial ecosystem here in Los Alamos), Patrick Sullivan (executive director of the Los Alamos Commerce and Development Corporation), and also hosted by the Feynman Center for Innovation at Los Alamos National Laboratory. Santa Fe, Taos and Albuquerque have similar efforts underway with Singh.
“If your dream is to start your own company, he can give you $50K to $250K to get your startup off the ground. This is the first time a world-class investor has come in and said ‘I want to help’,” Seet said.
The hosts met with Singh Thursday, Feb. 18, for a kickoff call to plan the events schedule for the week. Entrepreneurs are encouraged to contact Seet (firstname.lastname@example.org) with input so he can plan the week’s events to be as helpful as possible for entrepreneurs in the local area.
The week will be filled with many valuable opportunities for aspiring entrepreneurs. There will be presentations from Singh, networking events like happy hours and fireside chats, private and small group office hours, and elevator pitch competitions.
“The nature of work is changing,” Singh said. “The future of New Mexico is in the hands of entrepreneurs. The line between tech companies and brick and mortar businesses is getting very fuzzy. I want to welcome anyone who can get something out of this event. The more inclusive, the better.”
Sign up for this event and get updates at bit.ly/new-mexico-tour.
To learn more about Paul Singh and receive his insights by email, sign up at www.resultsjunkies.com.
Contact Nik Seet, the Los Alamos host, at email@example.com.