the hive co-working space

The Hive is a members’ coworking space and creative community based in the dynamic Wan Chai area of Hong Kong. 

NEST is a hands-on investment incubator focusing on scalable consumer businesses in the lifestyle space. Our vision is to develop Hong Kong as a global hub in the fields of entrepreneurship and creativity to enable start-up businesses to thrive.

investhk logo

Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy.

bridges logo

Bridges Executive Centre has been in business for 10 years and helped over 8,000 clients incorporate and grow their business in Hong Kong with a knowledgeable team fully versed in different corporate aspects like company formation, company maintenance (e.g. company secretary, Annual Return, BR renewal), accounting, audit arrangement, tax filing and tax efficiency planning, investment visa, etc., covering every need of a start-up from basic to advanced. Their helpful staff, fast turnaround time, fair pricing and full range of maintenance support tell why you will love them.

maurice wm lee solicitors

Maurice WM Lee Solicitors are a Hong Kong law firm focused on legal services relating to business, finance, trust, investment, wealth management, creative industries and legislative lobbying.  Our experienced lawyers also provide legal services in key areas such as media, entertainment, dispute resolutions and China legal services.

FI Graduate Gagan Biyani’s Big Ambitions featured on Newsweek

Posted by Joe Garza on 2014-06-06

Gagan Biyani was recently featured in a Newsweek article by Katrina Brooker, titled How Greylock Partners Finds the Next Facebook. Biyani is a Graduate of the Bay Area Founder Institute, and is the co-founder of Udemy and the Growth Hackers Conference.

Since graduating from the Founder Institute, Biyani’s ambition hasn’t diminished. His newest company, Sprig, a seasonable and sustainable meal delivery service, scored a considerable Series A round last April. Considering the disadvantages of Sprig’s business model - the millions of dollars required to build it, the lack of immediate returns, the complicated logistics - this is no small feat.

However, this funding round is just the beginning, as Biyani’s aspirations include transforming Sprig into the Uber of food, delivering meals anywhere, anytime with the touch of a smartphone.

But to get there, he first had to convince some of the most powerful venture capitalists in Silicon Valley, including David Sze, Aneel Bhusri, Reid Hoffman, and every other partner at Greylock, of the viability of Sprig. As these were the same individuals who backed Facebook, LinkedIn, Instagram, Pandora, Dropbox, and Airbnb, pitching a business to capitalists of this caliber was a daunting task for Biyani, as it would have been for any other burgeoning entrepreneur.

Biyani describes his first meeting at Greylock:

Coming in, the first person I see is Reid, right? And then David is over here; Aneel is there. It was the biggest moment of my life. I have never seen so much intellectual horsepower in one room in my life.”

Nonetheless, Biyani succeeded in capturing the interest of Greylock, as his efforts were rewarded with a $10 million offer soon after the momentous meeting. While Sprig has yet to expand outside of San Francisco, its recent acquisition of funds is the first major sign of a long and prosperous future, giving credence to Heraclitus’ quote, “Big results require big ambitions.”

For more information on Sprig, go to their official website.

Like this article?

Feedback Form

We welcome your feedback to improve the Institute. Please contact us using the form below, and we will get back to you promptly.
Your Email Address:
Message to the Institute:
What is ? (enter the answer below):
Close Window