Southeast Asia VC still overlooked by global investors - AVCJ Forum
Southeast Asia is the region’s forgotten venture capital market despite some compelling fundamentals. Last month ASEAN overtook the US by internet users and at some point this month it will surpass the US in terms of the total number of 3G connections, Patrick Grove, chairman and CEO of Catcha Group, told the AVCJ Singapore Forum. Yet there are only about 20 VC firms in ASEAN compared to 1,000-plus in the US.
"There is very little LP interest, very few VCs and a large number of them don't have the right background to identify good opportunities and, more importantly, sell these opportunities at highest price,"...
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