Finian Tan

Finian Tan is a venture capitalist,[4] entrepreneur, and the founder and current chairman of Vickers Venture Partners, an international venture capital firm with a presence in Singapore, Shanghai, New York, Hong Kong, San Diego, San Francisco and Kuala Lumpur.[5][2][6] Before he started Vickers, Dr. Tan was Managing Director and head of the Credit Suisse First Boston (“CSFB”) group of banks in Singapore and Malaysia, a role he took on after leaving his position as the Founding Partner and Managing Director of Silicon Valley venture capital firm Draper Fisher Jurvetson ePlanet for Asia, where he made an early and probably his most famous investment in Chinese tech giant Baidu.

Dr. Finian Tan
Education
OccupationVenture capitalist, entrepreneur
Children4

Prior to this, in 1997, Dr. Tan served as Deputy Secretary of the Ministry of Trade and Industry for the Singapore Government.[7]

Some of Tan's other notable investments include out-of-home media company Focus Media, the Asian Food Channel, Kongzhong Corporation, TWG Tea, SunFun Info Co., gaming software company RTG Asia, and life science company Samumed.[8][9]

Education

Dr. Tan received his Doctor of Philosophy from Cambridge University on the Shell/Cambridge Scholarship. The Shell Scholarship is awarded competitively to the top 3 candidates from 11 commonwealth countries, and he was the first Singaporean recipient of the award. Dr. Tan was also concurrently on the Christ College Scholarship, an award given to the best college entrants of the year. He was also President of the Cambridge University Malayan and Singapore Society and represented Christ College, Cambridge in Squash. Additionally, Dr. Tan also worked full-time as the Assistant Director of Research in the Department of Engineering at Cambridge University.

He received his B.Sc. Degree in Engineering from the University of Glasgow, where he also won all the academic awards available for the examinations, including an award for being the top student for his course, as well as the most distinguished graduate award.

Career

Early career

In the early part of his career, Dr. Tan worked with Shell Eastern Petroleum Ltd in Singapore and was later posted to Shell Japan Ltd, where he was promoted to Chief Trader. He then spent 3 years at Goldman Sachs as Vice President at J.Aron and Co (Singapore), before becoming the Regional Director and Head of J.Aron and Co. (Singapore) in charge of the Asia-Pacific Region.

Deputy Secretary of the Ministry of Trade and Industry

In 1997, he returned to Singapore and was asked to serve as Deputy Secretary of the Ministry of Trade and Industry for the Singapore Government, with the aim of making Singapore a leading Asian country in innovation, creativity, and entrepreneurship.[7]

Draper Fisher Jurvetson and Baidu investment

In 2000, Dr. Tan became the Founding Partner and Managing Director of the Silicon Valley Venture Capital Firm Draper Fisher Jurvetson ePlanet for Asia. It was during his time here that he spearheaded the investment into Baidu. Dr. Tan saw Baidu's vast potential for success and invested US$7.5 million for 25% of the company, securing two board seats out of seven.

In August 2005, Baidu went public, by which time Draper Fisher Jurvetson Eplanet had 28.1%, more than Baidu Founder and CEO Robin Li’s 25.8%.[10] Today, Baidu is worth US$62 billion and is considered the best performing IPO on Nasdaq.[7]

In 2002, Dr. Tan joined as Managing Director and head of the Credit Suisse First Boston (“CSFB”) group of banks in Singapore and Malaysia. During his tenure as head of the CSFB group of banks in Singapore, Dr. Tan remained as chairman of DFJ ePlanet’s Asian investment committee and remained on the board of DFJ ePlanet (S) Ltd until 2009.

Vickers Venture Partners

In 2005, Dr. Tan founded Vickers Venture Partners together with his co-founder Dr Khalil Binebine and 4 other co-founders, and is currently the Chairman of the investment committee. He is based in Singapore and travels frequently to the other cities in which Vickers has a presence; especially San Diego, California, where Samumed, the largest Vickers’ portfolio company, is based and for which Dr Binebine is the sponsor of the deal and Dr Tan the co-sponsor.

He sponsored/co-sponsored and played substantial roles in several of Vickers’ portfolio companies including Cambridge Industrial Trust Management (Chairman), Asia Food Channel (Founding Chairman), M-DAQ, Spark Systems (Chairman), KPIsoft (Chairman), Matchmove (Chairman), Sisaf (board member), RWDC industries (board member) and TWG, the co-owner of TWG Tea (board member).

Government Roles and Positions (1997-2000)

As Deputy Secretary of the Ministry of Trade and Industry in Singapore, Dr. Tan also served as Chairman of the US$1 billion TIF fund. In 1997, he was a member of the Economic Review Committee of Singapore. Other roles included being on the boards of:

  • Defence Science and Technology Agency (Singapore)
  • SMA (Singapore-MIT) Governing Board
  • Singapore National Computer Board
  • National Science and Technology Board in Singapore (Deputy Chairman)
  • Life Sciences Investment Pte. Ltd. (Singapore)
  • The National Cancer Centre (Singapore)[11]
  • Singhealth, the largest healthcare group in Singapore
  • Singapore Government Parliamentary Committee for Trade and Industry Resource Panel
  • Tuas Power Pte. Ltd (Singapore)
  • National University of Singapore Board of Trustees
  • The Singapore-Shandong Business Council
  • Sentosa Cove Pte. Ltd. (Singapore).

Government Roles and Positions (2000 and beyond)

Dr. Tan continued to serve the country of Singapore after completing his term in the Singapore government. In 2002, he was part of the working group of the Economic Review Committee of Singapore, chaired by current Prime Minister Lee Hsien Loong.[12] He was also on the board of:

Other Roles

He has been a board member of numerous other Vickers portfolio companies:

Other previous and current board appointments include:

  • Singapore Venture Capital Association
  • Gabrielite Foundation in Singapore
  • W Residence Council (Singapore, Chairman)
  • Sentosa Cove Owners' Council (Founding Chairman).

Vickers Venture Investments

Vickers Venture Partners follows a global investment strategy focused on the mega trends of technology and geography, with over 3 billion under management and 8 offices globally.

In 2018, Vickers started to raise a fund valued at up to $500 million to invest in biotechnology, nanotechnology and artificial intelligence, scouting for deep tech companies developing unique, patentable science.[13][14]

Tan also stated that he is closely watching the developments in the cryptocurrency and blockchain industry, stressing investors have to look closely at the business of a company behind an ICO.[15]

Philanthropy

In an interview, Tan shared his vision of giving away the family fortune for charity causes, saying "Africa is growing, but it is poor and education is weak. I would like to try my best to contribute.''

He has also expressed his vision to combat climate change, stating "We should at least leave the world unchanged, if not better".[16]

As an active participant in Singapore's non-profit scene, he is the Founder and was the Founding Chairman of Bizworld Asia, a non-profit organization which volunteers to teach kids about business. In 2018, he also started a foundation with his wife called the Finian and Fiona Tan Foundation, which made their first million dollar donation to the arts in Singapore. Since then they have made several other donations to the arts in New York and to save endangered marine animals.

References
  1. Susannah Birkwood (April 25, 2012). "Profile: Vickers Capital's Finian Tan". Asian Venture Capital Journal. Retrieved August 7, 2015.
  2. Russell Flannery (October 17, 2005). "Finian Tan is basking after Baidu's wild Nasdaq debut. Now he's looking beyond the Internet – and not just in China". Forbes. Forbes. Retrieved August 7, 2015.
  3. Flannery, Russell (October 17, 2005). "FINIAN TAN is basking after Baidu's wild Nasdaq debut. Now he's looking beyond the Internet--and not just in China". Forbes Asia. 1 (5).
  4. Arthur Sim (June 1, 2005). "Finian Tan gears up for twin Reit ventures". St Property. Retrieved August 7, 2015.
  5. Chia Yan Min (May 15, 2013). "Focus on people key to his success". Asia One. Archived from the original on January 9, 2015. Retrieved August 7, 2015.
  6. "SEA's Largest VC Sets Up Base in KL, Funding Opportunities for Fintech Startups?". FintechNews. March 1, 2018. Retrieved May 5, 2018.
  7. "Dr. Finian Tan". Family Office Insights. Retrieved 2018-10-22.
  8. Flannery, Russell. "Smart Money". Forbes. Retrieved 2018-02-01.
  9. "Portfolio | Vickers Venture Partners". www.vickersventure.com. Retrieved 2018-02-01.
  10. "424B4". www.sec.gov. Retrieved 2018-11-20.
  11. "Dr. Finian Tan, Chairman Vickers Capital Group | Genmembers.com - Empowering Entrepreneurs of the 21st Century". www.genmembers.com. Retrieved 2018-10-22.
  12. "Press Release: Vickers Venture Partners raises S$86 million for first close of largest Singapore VC fund | SVCA – The Singapore Venture Capital & Private Equity Association". svca.org.sg. Retrieved 2018-10-22.
  13. Lee, Liz (January 4, 2018). "Singapore's Vickers Venture targets $500 million fund late-2018, eyes biotech, nanotech, AI". Reuters. Retrieved May 14, 2018.
  14. Shuzhen, Sim (January 25, 2018). "A Deep Dive Into Tech". AsianScientist. Retrieved May 14, 2018.
  15. Tung, Yon Heong (November 3, 2017). "I could never be the largest fund, but I can be the best performing: Dr Finian Tan of Vickers Venture Partners". e27. Retrieved May 14, 2018.
  16. Cua, Genevieve. "Venture & conquer". The Business Times. Retrieved 2018-11-07.
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