Shorooq Partners in a habit to back winning horses

  • Date: 17-Dec-2021
  • Source: Zawya
  • Sector:Economy
  • Country:UAE
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Shorooq Partners in a habit to back winning horses

UAE - The first thing a venture capitalist (VC) looks at while investing in a start-up or an idea is a return on investment (RoI) after they incubate ventures that go on to remain afloat successfully. And this what has driven disruptor in chief Shane Shin — a Forbes 30 Under 30 and a Kauffman Fellow — to set up Shorooq Partners in the UAE in collaboration with Emirati Mahmoud Adi. The 31-year-old South Korean co-founder at Shorooq Partners — seed and early stage VC in the Mena and Pakistan — built his career as an investment professional, investment banker, and entrepreneur in the US and has 90 investments across 45 companies with fintech, software being the top sectors Some of the leading companies where he has put his faith include Pure Harvest, Capiter, TruKKer, Sarwa, Lean, Lendo, Retailo, Airlift, Breadfast and NymCard. var width=document.documentElement.clientWidth;if(width>=320&&width<728){}; googletag.cmd.push(function(){try{var d=document.documentElement.clientWidth;var a;var c="/21857811890/en.zcom/";var b;if(d>=320&&d<728){a=[300,250];b=["mobile_mr_story"]}else{a=[300,250];b=["MR_Story"]}var h="MR_Story";var g=googletag.defineSlot("/21857811890/en.zcom/",a,"div-gpt-ad-MR_Story").setTargeting("type",b).addService(googletag.pubads());gptAdSlots.push(g);if(h!="MR_Story"){googletag.pubads().collapseEmptyDivs(true,true)}googletag.pubads().enableSingleRequest();googletag.enableServices();if((h=="PSB_Left")||(h=="mobile_psb_left")||(h=="PSB_Top")||(h=="mobile_psb_top")||(h=="PSB_Bottom")||(h=="mobile_psb_bottom")||(h=="PSB_Middle")||(h=="mobile_psb_middle")||(h=="leaderboard_home")||(h=="leaderboard_bottom_home")||(h=="mobile_leaderboard_home")||(h=="mobile_leaderboard_bottom_home")){setInterval(function(){googletag.pubads().refresh([g])},240000)}}catch(f){console.log("Error loading Ad banner "+h)}}); try{googletag.cmd.push(function(){googletag.display("div-gpt-ad-MR_Story")})}catch(e){console.log("Error displaying Ad banner "+bannerName)}; “I worked at UBS, TD Securities, Lazard Freres & Co, Alpine Investors, and GlobalFoundries — wholly-owned subsidiary by Mubadala Investment Company — a $250 billion Abu Dhabi sovereign wealth fund. I concentrated in finance and Mandarin at The Wharton