Lessons from Angel Investor Bernard Chong: A Journey in Entrepreneurship
Introduction
Welcome to our blog, clulled from the 113th episode of "Web3 with Sam Kamani" ,where we delve into the inspiring journey of Bernard Chong, a seasoned angel investor with a portfolio worth over $1 billion. Bernard's story is a testament to the importance of learning, adaptability, and strategic thinking in the world of investments. In this article, we will explore Bernard's background, his approach to investing, and the valuable lessons he shares for aspiring entrepreneurs and investors.
Bernard Chong's Early Life and Background
Bernard Chong's entrepreneurial journey began with his family business in the Philippines. Growing up in an environment focused on manufacturing and sales, he gained hands-on experience in various business operations. His formal education in electronics communication engineering further honed his problem-solving skills, which later became crucial in his investment strategies.
Transition into Angel Investing
Transitioning from the family business to angel investing was not without challenges. Bernard's initial steps into the investment world involved learning the intricacies of evaluating startups and understanding market dynamics. Despite early setbacks, his persistence and willingness to learn paved the way for his success.
Criteria for Selecting Startups
One of Bernard's key insights is the importance of communication and shared values between investors and founders. He emphasizes the need for startups to have a culture that aligns with his values, particularly speed and problem-solving abilities. Testing patience and interaction with founders are also critical factors in his decision-making process.
Diversified Investment Portfolio
Bernard's investment portfolio is impressively diverse, spanning various industries. He has invested in an animation company, restaurant franchises, retail businesses, and even a Bitcoin exchange. His involvement in esports, particularly through Brand eSports, has brought global recognition to his investments.
Investment Philosophy and Approach
Bernard believes in the importance of learning from failures and adapting strategies accordingly. He takes personal responsibility for his investment decisions, viewing failures as opportunities for growth. His forward-looking approach and confidence in the potential of his investments have been key to his success.
Successful Investments and Their Impact
Platform businesses have been particularly successful for Bernard, generating significant financial returns. His esports investments have also been notable, with his teams achieving world champion titles and bringing pride to the Philippines. These successes highlight the impact of strategic investments in emerging industries.
Key Takeaways for Aspiring Angel Investors
For aspiring angel investors, Bernard's journey offers several key takeaways. He emphasizes the importance of patience, long-term vision, and continuous learning. Additionally, having mentors and learning from diverse age groups can provide valuable insights and guidance.
Bernard Chong's Future Plans and Vision
Looking ahead, Bernard plans to expand his investments in the US market and continue supporting educational initiatives through the Brent Seed Foundation. His vision for global growth and development underscores his commitment to making a positive impact through his investments.
Bernard Chong's journey from a family business to becoming a successful angel investor offers valuable lessons for aspiring entrepreneurs and investors. His strategic approach, willingness to learn, and emphasis on shared values and culture provide a blueprint for achieving success in the investment world. We hope this article inspires you to pursue your entrepreneurial dreams with confidence and resilience.
Connect with Us
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This episode covered the exciting development in the world of Web3.You can listen to it here .
Stay tuned for more episodes where we dive into the world of Web3. Thank you for your support and best of luck in building your startups and projects.
