The China Post, Taipei, Taiwan / Asia News Network.
TAIPEI(The China Post/ANN)
Lawrence Ng, entrepreneur and co-founder of Oversee.net, launched OnRamp Fund, a US$10 million incubator that invests in early stage startups.
Unlike other funds that invest in a large number of startups, OnRamp Fund’s focus is to help its portfolio companies achieve critical milestones by working closely with select entrepreneurial teams, according to the organisation.
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.
OnRamp Fund’s advisors include co-founder and chairman of Legalzoom Brian Liu, Jamie Lin, founding partner of Taiwan-based AppWorks, Eytan Elbaz, chairman of Opposing Views and co-creator of Adsense, CEO of EV Connect Scott Jarus, and former CFO of David’s Bridal Gene Morphis.
Entrepreneurs will be guided by a team of technology, marketing and development specialists with strong track records of bringing companies to market quickly, the organisation stated.
“OnRamp Fund’s international capabilities give entrepreneurs access to top global talent in technology more cost effectively than traditional venues,” said Lawrence Ng, founder and principal of OnRamp Fund. “We know how to build highly scalable and profitable businesses from both internally generated ideas and external sources.”
Expertise in cross-border strategies
OnRamp Fund has expertise in cross-border and international strategies as well as online to offline marketing. With operations across the United States, Taiwan, and mainland China, the 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, said the organisation.
“Ng has successfully built technology companies both in the United States and Asia, giving investors access to startups in new markets,” noted David Hirsch, co-founder and general partner of Metamorphic Ventures. “The Asia-Pacific region is experiencing exciting growth and as a result, we can expect more and more collaboration on technology and investments.”
One of OnRamp’s portfolio companies is SimplyBridal, a multi-channel bridal retailer. SimplyBridal uses proprietary advertising technology to acquire customers through online channels and funnels them to physical showrooms in the United States, said the organisation.
OnRamp Fund is an international incubator that invests in early stage startups. The OnRamp team works side-by-side with entrepreneurs to accelerate their growth.
Lawrence C. Ng is an entrepreneur who heads LNG Management, an asset management firm that focuses on global opportunities in commercial real estate, private and public markets and venture capital. He is CEO of Simply Bridal, an innovative, multi-channel retailer. Ng recently joined Metamorphic Ventures Advisory Board, which helps entrepreneurs accelerate new businesses, according to the company.
From 2008 to 2015, Ng 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. He grew Oversee from an Internet startup to a company with over US$200 million in revenue and 200 employees throughout offices in Los Angeles, Florida, and Portland, Oregon. Ng liquated his interest in Oversee when Oak Hill Capital invested US$150 million in the company. He is the recipient of numerous awards for innovation and fast growth, the company said.