Angels say SE Asia ripe for 500 Durians
Dave McClure, Silicon Valley super angel and founding partner of 500 Startups, was on the road in Asia once again this month as part of his firm’s “Geeks on a Plane” (GOAP) tour. While this was not the first time the tech-focused venture capital firm had been in Asia – GOAP has taken in China, Japan and Singapore, while 500 Startups has invested in China and Australia – this was the first dedicated tour of Southeast Asia.
The trip also coincided with the launch of 500 Startups' first Southeast Asian fund - 500 Durians. The $10 million vehicle is the latest in a series if regional-focused micro-funds. India's 500 StartupWallah...
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