Listen to this articleBelow is our recent interview with Paul Lee, Co-founder at Roiquant:
Q: Can you provide our readers with a brief introduction to your company?
A: With more than 80% of companies worldwide won’t survive up to 10 years, evidently high shutdown rate, roiquant is offering affordable startup intelligence to help founders reduce risk of business failure.
Our roiquant solutions empower founders to build strong competitive businesses with high ROI (return on investment) by analyzing the capital markets, competitive landscape, companies performance, business strategies, risk factors, and more, for actionable insights.
In other words, our proprietary cloud-based software application is built with analytical company performance data, private capital market data, business tools and simulators, as well as investors database, to serve aspiring and budding founders (entrepreneurs) in building profitable businesses.
Q: Any highlights on your recent announcement?
A: We recently launched our pitch deck analytics to perform evidence-driven assessment in order to diminish investing decisions clouded by prejudices or biases, as well as safeguarding founders from bad actors who would breach confidentiality by irresponsibly sharing their fundraising pitch decks with competing businesses.
In addition, we’re also in the midst of planning our first virtual preseed startup competition, taking place in the Q4 2022, to groom world-class founders solving real-world problems aligning with the United Nations’ Sustainable Development Goals.
Recommended: Datacappy Helps You Preserve Your Privacy, Use The Internet Securely, And Keep Your Information Under Your Control
Q: Can you give us more insights into your offering?
A: As a business intelligence solution, our pitch deck analytics focus on analyzing the business components and fundability of fundraising pitch decks instead of reporting number of shares, analyzing presentation interactivity, evaluating creative and template design, and so on.
Moreover, our on-demand pitch deck analytics is powered by industry comparison benchmarks, real market data, and proven frameworks to help founders foster commercial viability and competitive differentiation by guiding them to enhance their business offering.
Our virtual preseed startup competition, powered by our roiquant solutions, will allow participants to safely fail, learn, innovatively prototype, and pivot their ideas throughout the qualifying, semi-final, and final rounds. Leading up to the final round, the top 30 finalists shall demo and pitch to a panel of judges (serial founders and investors).
After evaluation, we will announce the 3 winners and reward them with our equity-free cash prize money.
- 5-figure cash prize for the first place and second place winners
- 4-figure cash prize for the third place winner
More information will be shared in the coming months, but in the meantime you may consider joining our waitlist to receive our latest updates: go.roiquant.com/preseed-competition-waitlist
Q: What can we expect from your company in the next 6 months? What are your plans?
A: Apart from upgrading our current features and releasing new features (shown below), we’ll be raising Seed investment to further boost our early traction (achieving product-market fit), AI R&D, large data storage and management, and launch financial solutions.
We will upgrade current features:
- Data: shuttered companies, discontinued products, investors’ losses, bankruptcy, product showcase
- Improve user experience, new filters function; more enriched data
- Startup intelligence: postmortem analysis
- New charts, comparison benchmarks; more enriched data
- Venture intelligence: portfolio analysis
- New charts, comparison benchmarks; more enriched data
- Competitive intelligence: competitive landscape
- Improve algorithms and user experience; more enriched data
- Tools: idea validation
- Improve algorithms, user experience, results reporting, scoring system, and feedback; more enriched data
- Tools: pitch deck analysis
- Improve algorithms, user experience, results reporting, scoring system, and feedback; more enriched data
- Simulation: pre-revenue business valuation
- Improve user experience and comparison benchmarks
- Simulation: market sizing
- Improve user experience and comparison benchmarks
- Deals sourcing: very-early stage, early stage
- Improve user experience and new features
We will release new features:
- Referral flywheel: referral program, affiliate partnership, ambassador program
- Pricing: Pro plan
- Public APIs integration for developers and enterprises
- Pricing: Pro plan
- Licensing for enterprises
- Funding sourcing: growth stage, late stage, post-IPO stage
- Deals sourcing: growth stage, late stage
- Simulation: start-up cost budgeting
- Simulation: financial modeling
- Tools: no-code builder
- Virtual startup competition: preseed funding
Recommended: 5 Ways To Plan A Foolproof Business Trip
Q: What is the best thing about your company that people might not know about?
A: Our bootstrapping company enjoys low operating expenses (burn rate) because:
- We’re headquartered in a small oil-rich country with relatively low corporate income tax (18.5% on threshold basis) and no capital gains tax, as well as no individual taxation, such as personal income, net wealth/worth, inheritance/estate, capital gains, capital duty, payroll, and social security taxes.
- Importantly, pioneer industry companies and companies with revenue that does not exceed SGD $1 million are exempt from corporate tax.
- Our government launched an internship program to train and prepare fresh graduates for the job market by subsidizing the salary of the interns hired by companies for 18 months.
