12 Startups in 12 Months – Jon Yongfook

This should be fun to watch.

12 Startups in 12 Months – Jon Yongfook:

Things are very different now. Today, years since my last product launch and having given the last 2.5 years of my career to the corporate world, I am embarrassed to say my product shipping muscle has atrophied. So I’m spending the next year exercising that muscle back, by building and shipping a new product every month for a year. 12 startups in 12 months. This concept is not new. Well-known digital nomad Pieter Levels was the first to attempt this challenge back in 2014. One or two others have also attempted it.

For this VC, being an investor wasn’t an obvious career choice

Peng is always honest and to the point, I like the last line in the part I highlighted.

This is not a fly-in game.

For this VC, being an investor wasn’t an obvious career choice:

If I’m a VC who wants to come into Southeast Asia, what trends should I look out for? I think more important than the trends is what you need to do. If you’re an existing VC in some other geography, you would want to look for people who understand the local scene and know entrepreneurship.

Southeast Asia has several countries. One advantage of the region is that most of its cities are used to international businesses. So, it’s not as difficult as it was in China 10 or 15 years ago. VCs would be flying in from Hong Kong and, especially, from The Valley, and that worked for maybe a year or two. But then it stopped working because you were not there when the contacts were being made.

It’s the same thing with Southeast Asia. There are a lot of local nuances that you probably don’t understand, and that’s why you need a local person for each country. This is not a fly-in game.