Murat Abdrakhmanov is one of the pioneers of venture investment and an experienced entrepreneur. One of the most successful investors, who consistently selects startups around the world and becomes their business angel. Our guest has over 27 years of experience in business: the founder of one of the largest Kazakhstani telecoms JSC "ASTEL", co-founder of the largest network of dental clinics Dent-Lux and Ambassador, the multidisciplinary clinic Medical Park and other enterprises.
In addition, Murat Abdrakhmanov managed to make successful exits from startups and increase his capital. In this podcast, CEO of MOST Holding Mirat Akhmetsadykov, Investor and founding partner of Big Sky Capital VC Adil Nurgozhin and Murat Abdrakhmanov himself will talk about how the business angel market works, how to become one and how to enter the community.
3 tips from Murat Abdrakhmanov:
- Invest where you understand at least something
By investing in a field you are familiar with, you reduce risks and increase the likelihood of success. Moreover, you become not just an investor, but also a valuable advisor for the team you are investing in, which increases the chances of success.
“If you are an expert, let's say, in fintech. You have experience, you worked in a bank, one way or another you have your own expert view on this. Finance projects related to fintech, you can personally assess the level of competence of the founder, understand whether he is a specialist or not,” says Murat Abdrakhmanov.
- Don't control, but diversify
This is a strategy in which you do not put all your eggs in one basket, but distribute your investments in different areas. Thus, even if several projects fail, you will always have those that can compensate for losses and bring profit.
Murat says: "There may be industry diversification, geographic diversification, somewhere there are Kazakh projects, somewhere American, Ukrainian. Of the 10 projects that you financed, it's a classic: three died, three hung in some intermediate position, and one took off."
- You have a moral obligation to part with the money you invest.
"Some of them may not return for sure. And if you invest at an early stage, 5-10 years, then don't expect quick returns," Abdrakhmanov warns all investors.
Early stage investments are always a risk. However, with the right approach and patience, the potential profits can be significant. It is important to carefully select the projects you invest in and be prepared for the fact that not all of them will be successful.
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