First-time funds brace for rocky start as COVID-19 lingers on

DealStreetAsia

Quest Ventures was asked to share its experience with first-time funds on DealStreetAsia.

“The COVID-19 outbreak, which continues to tighten its vice-like grip across the world, has altered the fundraising landscape for first-time managers often seen as more vulnerable compared to storied investors on the trail.

“Raising overseas capital is going to be tricky,” shared James Tan, founding partner of early-stage Southeast Asian venture firm Quest Ventures.

“It doesn’t matter how well-known we are out there, a face-to-face meeting will still be required. This isn’t just a meeting with one or two people. Our entire investment team needs to go there, say hi and shake their hands. All that is going to be impossible in this climate.””

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