*OPINION: Collaboration vs. Competition? Ray Chan, with K5 and Koa Accel, Gives His Opinion…
This is the last in a series of opinion pieces asking key leaders in OC’s startup ecosystem if they see the ecosystem as collaborative or competitive?
This one is by Ray Chan, managing director of K5 Ventures in Newport Beach, and co-founder, CFO and chairman of Koa Accel, a new med-device accelerator in OC that operates like a boutique private equity firm. See article on Koa here.
OCSN: Do you see the OC startup ecosystem as full of collaborators or competitors?
Chan: I do see a lot more collaboration here in OC in the past year. Whether it has yielded any results, I really don’t know.
However, I would like to see more CEOs of established OC companies connect with the startup ecosystem. They are the ones who have made it, they can share a lot of wisdom, introductions and experience.
But they are not connected to the startup ecosystem as well as they should be.
OCSN: Where do you see room for more collaboration here in OC?
Chan: See above
OCSN: Do you see the OC startup ecosystem as fragmented? If so, why? And, how can that be alleviated?
Chan: Yes, we are still fragmented, we don’t have enough successful funding rounds or exits for investors and entrepreneurs to create the momentum and culture.
In the meantime, (OC Startups Now) can continue to write about the successes that we have and we can continue to host events to feature and introduce them to the community, a step at a time.