Left to right: Joseph Ziegler, Annie Parker, and Jamie Camidge

Jamie Camidge has announced he will be stepping down as Head of muru-D Singapore. His last day will be on 31 March 2017.

Camidge has been leading the Telstra-backed startup accelerator’s Singapore chapter since its launch in 2015. Prior to that, he was the Director of Strategy for the Telstra Media Group

“So as most of you are aware, I am leaving muru-D and will be returning to Australia in the not-too-distant future. I have absolutely LOVED living and working in Singapore for two years and I will miss the everyone dearly…I currently intend going on a holiday to Africa from April 3-25 and will then be back in Singapore until early May to pack up and return home,” said Camidge, in a Facebook post.

In related news, muru-D Singapore has also announced the departure of another executive, David Ding, who leads the Community and Operations team.

muru-D said that Ding has accepted a position at DBS Bank and will end his tenure at the end of the month.

Going forward, muru-D Singapore will be looking for candidates to fill their positions.

“We are looking for a Corporate Development Manager to take over many of the external-facing functions I perform and a Community & Operations Manager who will take over David’s accountabilities minus the mentor management function,” said Camidge.

Also Read: Albert Shyy steps down as Principal of GREE Ventures, will join a later stage fund

muru-D Singapore has graduated two cohorts so far. It has invested in over 20 regional startups spanning across multiple verticals including AI, fitness, fintech, logistics, and social entertainment.

Applications for its third cohort in September. The structure of its programme will also be revised.

“We will be moving ahead this year with our revised ‘founder friendly’ terms.  All future muruD teams will receive one single investment amount (i.e.; no tranches) using a SAFE note instrument.  This instrument removes all the complicated and often frustrating conversations regarding valuation,” said Camidge.

“As a consequence of this move, we expect to be more attractive to later stage startups who have historically struggles with preferred shareholder agreement,” he added.

Image Credit: muru-D Singapore