radical candour from a deep generalist
Been sitting on this news for a bit and super excited to have it out.
Congrats to Kyklo and team for the fundraise and for putting Thailand on the global startup map.
SeedPlus is excited to lead our first deal in Thailand and to fund a company that uses Bangkok as a base to build a global startup.
I am hoping to see more and more of these regional and global plays from SEA cites like Bangkok.
Kyklo is bringing the billion-dollar electromechanical industry into digital sales | TechCrunch
Great to get a mention but I am hoping SeedPlus does more than crowd the scene:
New players such as 500 Startups and SeedPlus are similarly joining the party to crowd the initial investment scene whilst some are opting to provide higher but still initial financing levels like Golden Gate Ventures and Rakuten Ventures who graduated from providing seed to Series A funding.
Singapore needs to push its startups beyond seed funding | Singapore Business Review
Great to see MAS speaking openly about crypto and blockchain.
I love the Singapore government stance and excited to see the companies that are based here taking advantage of it.
Great list of things for angels to think about.
Thoughts on Internet Entrepreneurship: How should Angels behave?
Good to see this kicking off as well :: https://www.angelcentral.co
New Release!
Some nice quotes from Amit of Jungle:
Amit Anand, co-founder and managing partner at Jungle Ventures, predicts 2018 is when “online-to-offline (O2O) will go mainstream in Southeast Asia. Many Internet businesses will realize that they can scale more efficiently and quickly and also provide better consumer experiences by creating hybrid, omni-channel models.”
Take Pomelo Fashion, an online fast fashion brand and one of Jungle Ventures’ portfolio investments, which recently launched an offline presence. “In the span of a couple of months, it has already experienced huge growth, both in terms of conversion and also an uptick in average order values of purchases made by customers,” shares Anand.
and
According to Anand, one of the critical factors for success in the digital world is the ability to collect, track, and use data.
“Digital interactions and transactions leave a trail of insights, but data cannot be effectively utilized if it is not captured comprehensive. This is an area where I always encourage our teams to start early and get a head start over their competition,” he says, adding that there are tools and frameworks now in place to help start-ups implement this more effectively and economically.
To be sure, e-commerce is still in its nascent stages in Southeast Asia. “In this regard, we can continue to expect more investments to come from companies and government bodies to improve and innovate on everything from discovery to last mile delivery,” says Anand.
What it Takes to Win the Southeast Asian E-commerce Market in 2018 – inc-asean.cominc-asean.com
Congrats to Jungle Ventures – RedDoorz is killing it!
RedDoorz raises US$11M pre-Series B, debuts its first fully leased and operated property
I listen Barry’s podcast – he has some great guests and goes deep.
It’s great to see him in video.
Singapore Sees Economy Losing Momentum as Export Boom Eases
It is going to be interesting to watch Singapore make another shift – since I don’t think the export boom will keep going.
Singapore is trying to shift into a tech economy while relying on their transit hub to carry the load.
Being in the tech industry I have things I could complain about but in general I think Singapore is doing the right thing.
But this is going to be a painful transition.
For example – Singapore is doing an amazing job around the longevity of its people :: http://www.straitstimes.com/singapore/100-years-of-singapore-through-centenarians-eyes-unlocking-secrets-to-longevity , but that is also going to cost the country – hence the taxes going up soon.
I am all in on Singapore – I trust this place to handle the changing world economies better that most places.
Let’s see how it goes.
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