The tourists went home: who is actually left to fund Southeast Asia
Last week one of the firms that taught this region what seed capital even looks like quietly admitted that it will not raise another Southeast Asia fund.
500 Global showed up in KL, in Jakarta, in Bangkok more than a decade ago, when honestly almost nobody in the Valley could find these cities on a map, let alone wire money to them. They ran the accelerators. They wrote the small early checks that nobody else was writing at the time. For a lot of founders here, a 500 check was the first time a real Silicon Valley name said yes.
DealStreetAsia reported on 31 August that they are not raising…
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