Source from Digital News Asia
WHILE Digital News Asia (DNA) covers the entire tech ecosystem in Indonesia, Malaysia and Singapore, it is obvious that startup-related news generates the most interest and buzz.
That interest and buzz just got dialled up a few notches with the news that Golden Gate Ventures, a Singapore-headquartered Silicon Valley venture fund, has raised US$60 million for its latest early-stage startup fund.
The fact that the fund was oversubscribed by US$10 million, at a time of a slowdown in economic activity, shows that investors are still eager to make future bets on startups disrupting traditional industries or leveraging on mobile to create new value.
Mobile is a huge theme for Golden Gate Ventures founding partner Vinnie Lauria, who feels that the platform is so “fundamentally important” in South-East Asia that “to ignore it is to put a hard ceiling on potential growth.”
With accelerating smartphone usage, it would be a mistake to ignore the importance of mobile, he says.
You can check out the article for more, but Vinnie’s observation that Vietnam was being under-rated by investors struck me.
His rationale for this: “I think it’s just more complicated to do business in Vietnam – from sourcing deals to working within the legal and financial regulations, to even navigating the country itself.”
The point just highlights how important it is for governments to ensure their policies and regulations are as transparent and as free of red tape as they can make them….