I try to gather some informations about Start Up business and how the funding works

#StartUp

please note that i'm not an expert in tech or investment industry, these are basically informations that I managed to get in order to helps me understand the drama better

SooHak has explained what Sand Box is, it's Start Up Accelerator

startup accelerator is an organization created by experienced entrepreneurs to help early-stage companies develop their product, hone their business model, and most importantly connect with investors.

start up accelerators are backed by teams of angel investors, entrepreneurs and venture capital firms that invest big money in the most promising business ideas.

in the drama we have SH venture capital and Morning Group as part of their investors at Sand Box

so to clear the confusion, Sand Box is not a project created by dalmi's father, only the logo &the name is inspired from him

Dalmi's father business is basically is what you call 'Uber Eats', he came to Soo Hak because he seek for an investment from SH Venture Capital

there are stages of start up funding that we saw in the drama :

• seed capital
the earliest source of investment for your startup. sources will include channels relied upon since childhood such as friends/family

here dosan's parents is the seed capital

• Venture Capital

Venture capital is money that is given to help build new startups that have a strong potential for growth.

meanwhile, Venture capital firms like SH Venture Capital focus on providing capital to companies that they believe can garner long-lasting success.

SH venture capital itself got the fund from partners (they call it LP), Jipyeong job is to raise and manage that fund and use it to make investment decisions. he has to make sure that he choose the right startup to invest in

Jipyeong is proven as extremely competent at his job

• Angel Investor

is a wealthy individual who invests THEIR OWN MONEY into promising companies / start up business

Accredited angel investors are individuals who have a net worth of at least 1 million dollars and an annual income of at least $200.000

we know how much Jipyeong earns, although it proves that he's qualified to be an Angel investor, he's not.

because as far as we know he doesn't use his own money to invest on startup.

maybe Dosan just got it confused here

Venture capital firm is willing to risk investing in start up business because they can earn massive return on their investments if these business are a success

Jipyeong isn't mean to Dosan, he's doing his job because it's not his money that he use to invest, but LP's money