We have been very busy in the last couple of months. While we maintained the deal pipe-line and continued to meet with new startups, we were also occupied with putting the right structure in place for our managed funds.
I’m thrilled to share we are ready to make investments through our managed funds. Our focus area will be companies in the Turkish ICT sector. Entire segment, especially e-commerce is at a very exciting turning point. I’m not going to repeat the statistics as they have been mentioned by Sina Afra and Venture Beat before. As an investor, we are seeing an increase in quality deals with smarter entrepreneurs to confirm our faith in the market.
It only gets better from here.
At the same time, on the investors’ side, we see an increase in both quality and quantity. Just two years ago, there were only a few angel investors and only one fund targeting this market. Today, however, we have regular visitors from Europe and the USA looking to invest. It is even more competitive for angel investors. Now everyone wants to be an angel investor. Market for both entrepreneurs and investors is changing and growing very fast. As result, we are entering a chaotic environment.
I believe, it will take some time for people to realize the difference between “enthusiast vs entrepreneur” and “money vs smart money”. Until then, we will have a bumpy ride with some horror stories – natural for growing markets.
We’re very excited to be a part of this change and to be able to contribute to the growth of the ecosystem in Turkey. Very soon we will be announcing our first round of investments. Stay tuned!