Today's Entrepreneur: Bill Tai

No. 1 mistake: Timing and use of resources

Vator’s community is the home to entrepreneurs who embrace their passion and follow their dreams.

Our newly-designed profiles allow members to express themselves by sharing their interests, lessons learned, as well as bits and pieces of their roller-coaster journey.

These profiles give entrepreneurs an opportunity to showcase themselves and tell their story.

So if you are an entrepreneur, a serial entrepreneur, or even an aspiring entrepreneur, we'd like to hear from you.

Today’s entrepreneur is Bill Tai, a sponsored athlete and an early-stage investor.

According to his VEQ Bill is  a thought leader and is good at fund raising and marketing management.

I am: Retired entrepreneur

Name companies you've founded or co-founded:

Avvenu (founded as Eyefrog - sold to Nokia to be "files by Ovi"), iAsiaWorks (founded as AUNET; IPO 2000 ticker IAWK), Tradebeam (founded as Asian Trading - sold to CDC Software)

Name companies you've invested in:

Tweetdeck, Tango.me, Mirror.me, SoundTracking, Maxthon, Glyde, Scribd

Name startups you worked for:

LSI Logic

List your favorite startups:

Tango.me, Shematic Labs (Soundtracking), Mirror.Me

What's most frustrating and rewarding about entrepreneurship/innovation?

Rewarding: It's FUN. Frustrating: the masses never understand at first.

What's the No. 1 mistake entrepreneurs make?

Usually the main mistakes are around 1) Timing and use of resources vs. timing of need and 2) hiring mistakes and when to correct them.

What are the top three lessons you've learned as an entrepreneur?

Team matters more than the initial idea.