15 Korean tech startups were selected to attend the fifth edition of TIPSX beSUCCESS Korean Startup Showcase 2022 from October 11 to October 13, in San Francisco and Palo Alto. The Korean Startup Showcase Silicon Valley aims to showcase the potential of the Korean startup ecosystem globally through its budding entrepreneurs.
The 15 participating Korean tech startups in the fifth edition of the program got to have mentoring sessions with top-tier VCs and investors in Silicon Valley and the opportunity to network and present their products and services to prospective funders. The startup teams that participated were Gadget Korea, Blinkers, TissenBioFarm, Gomi Corporation, Noutecompany, inDJ, Ad-Shield, Aurum Care Management, Kinava, LooKo, MoveAWheel, PMX, PuzzleData, Testbank, and Tart.
The startups had a mentoring session with prominent investors Andrew Chalas, Revere VC and Troy Foster from Perkins Coie, where mentors provided critical feedback to participating startups regarding their pitches and presentations prepared for VCs and investors in Silicon Valley. Weichang Ge, a senior analyst for the HAX program of the global, multi-stage venture capital firm SOSV, was another mentor at the program. The session at SOSV’s San Francisco office helped the startups better understand the US market and international expansion strategies.
The tech startups had a mentoring session with Dr. Sue Xu, the Managing Partner at AMINO Capital at Stanford University Campus. Dr. Sue Xu gave valuable insights and in-depth suggestions to the startups regarding their pitches and improving their services.
There were two demod days for the startups, where they pitched to investors and VCs at the global law firm O’Melveny & Myers LLP office in San Francisco and at Menlo Park office, Silicon Valley. The startups presented their services and products to the VCs and answered their questions regarding business models, revenue, marketing, expansion, regulations, etc. An interaction session with a successful startup founder was also organized on the same day. Ray Hong, CEO and Co-founder of the successful startup Allo (BeeCanvas), a collaborative workspace tool, shared his firm’s success story.
At the end of the fifth edition of TIPSX beSUCCESS Korean Startup Showcase 2022, the participating Korean tech startups got the experience of a lifetime as they got mentoring from leading VCs, interactions with a successful startup founder, networking opportunities, one-on-one meetings and final pitching round demo days with potential investors and funders. The VCs, investors and other participants also expressed their excitement to be part of the TIPS & beSUCCESS Korean Startup Showcase Silicon Valley fifth edition of 2022.
TIPS is South Korea’s leading startup accelerator, and beSUCCESS is one of South Korea’s oldest startup media companies which connects the Korean startup ecosystem to global markets through its media websites, events and accelerator programs. The TIPSX beSUCCESS Korean Startup Showcase is an annual event.
