Context

This was posted today :: https://www.dealstreetasia.com/stories/future-early-stage-funding-asean-exciting-seedplus-77307/

Which is great – I appreciate good press.

However I want to clarify the first paragraph:

Michael Smith of early-stage venture fund SeedPlus, an affiliate of Jungle Ventures, is uncertain about the trajectory of early-stage funding in Singapore and the wider region but believes that deep technology as a segment will emerge a winner in the long run.

This was the question that this answer was lifted from:

From your current perspective in the ecosystem, what’s the general trajectory for early-stage funding (i.e. pre-seed to Series A) and its evolution since 2015? What is the future?

My answer:

The future is something we can’t predict but we feel that deep tech will emerge as a winner in the Singapore ecosystem and that across the region there will be startups raising substantial money at the pre-A level for regional or APAC wide business ideas that need institutional money on their way to their Series A. The future looks pretty exciting in our opinion.

I don’t think what I said was I am uncertain. What I said is I can’t predict the future. I don’t have a crystal ball, startup opportunity, and I don’t think it ever makes sense to try and predict the future.

I am just honest in saying no one knows what will happen but I am confident the ecosystem has a very promising future.