Disrupting Venture Capital in Southeast Asia
By some estimates on Pitchbook, venture capital dry powder has increased up to 11x in the past 6 years in Southeast Asia. The amount of competition has increased at all levels intensely as large internationally renowned investors (Naspers, Founders Fund, GGV Capital, Vulcan Capital, etc) focus on SEA, while prominent local investors and founders either set up (Tanglin Venture Partners, Asia Partners, Insignia, etc), or double down with larger funds (Strive, Vickers, Golden Gate Ventures, Openspace, etc).
To say competition among venture funds in SEA has increased across the board is an understatement, and it is transforming venture capital and startup entrepreneurship during a very exciting time.
I spent the last 9 months traveling across Southeast Asia, Europe, and the Bay Area talking to venture funds to understand where we are at, and how venture funds themselves are transforming all over the world to cope with increased competition.
I wanted to answer one question:
How will venture fund strategies adapt to generate above-market returns?
How will venture fund strategies adapt to generate above-market returns?
Funds fundamentally aim to allocate capital into the best-performing companies. You…
