Lawrence Ng*, entrepreneur and co-founder of Oversee.net, has launched a $10m Los Angeles, CA, and Taipei-based incubator that invests in early stage startups.
OnRamp Fund will focus on selecting and backing entrepreneurial teams by working closely with them.
Entrepreneurs in the incubator will have the opportunity to work with mentors and advisors who have built successful companies and are veterans in their industries. They will be guided by a team of technology, marketing and development specialists with track records of bringing companies to market quickly.
With expertise in cross border and international strategies as well as online to offline marketing and operations across the United States, Taiwan, and China, OnRamp Fund can assist startups that require cross border operations but lack the resources to do so.
The fund will also connect entrepreneurs with capital providers across the globe when they are ready for the next round of financing.
One of OnRamp’s portfolio companies is SimplyBridal, a multi-channel bridal retailer that uses proprietary advertising technology to acquire customers through online channels and funnels them to physical showrooms in the United States.
Advisors include Brian Liu, co-founder and Chairman of Legalzoom, Jamie Lin, founding partner of Taiwan-based AppWorks, Eytan Elbaz, chairman of Opposing Views and co-creator of Adsense, Scott Jarus, CEO of EV Connect and Gene Morphis, former CFO of David’s Bridal.
*Lawrence C. Ng is an entrepreneur, leading LNG Management, an asset management firm focusing on global opportunities in commercial real estate, private and public markets and venture capital. CEO of Simply Bridal, a multi-channel retailer, Ng recently joined Metamorphic Ventures Advisory Board which supports entrepreneurs in accelerating new businesses.
From 2008 to 2015, he served as Chairman of the Board of Oversee.net, a company he co-founded in 2000 at the age of 21 and led as its Chief Executive Officer until 2008. Ng grew Oversee from an Internet start-up to a company with over $200 million in revenue and 200 employees throughout offices in Los Angeles, Florida, and Portland. He liquated his interest in Oversee when Oak Hill Capital invested $150m in the company.
FinSMEs
23/11/2015