Tech in Asia
Quest Ventures’ James Tan provided commentary to Tech in Asia’s end of the 2010s decade summary of Southeast Asia tech.
“Many startups will have enough fat to last through winter, but they might shift gears to stretch the dollar.
There’s no doubt the money will still be there for the best startups. James Tan of growth-stage fund Quest Ventures thinks that “valuations will suffer for a while but funding will still continue.”
“Investors have short-lived memories. Plus there are always new ones who don’t know the history or choose to conveniently ignore it,” he adds.
As always, startups will face a tension between assuming less funding risk, and raising a lot of money at high valuations to outgrow their competitors.”