"Countries like Indonesia and Vietnam have very low GDP per capita, which means the willingness to buy your product or service is still extremely challenging [and low],"
"If the investment doesn't exist in your region, look elsewhere-[that] would be my message to start-ups,"
"quite confident that things will work out quite well here in the long run."
"building for the globe,"
Southeast Asia's tech sector lags more mature markets by decades and has entered a slump after a recent burst of optimistic dealmaking. Funding has tightened and high-profile failures such as Indonesia's eFishery have cooled regional sentiment. Low GDP per capita in many countries reduces consumer purchasing power, making local market adoption difficult. Founders in Singapore and Malaysia increasingly pursue global markets rather than neighboring ones, and many are advised to seek investment outside the region. Emerging positives include serial founders launching new ventures, geopolitical shifts encouraging new market entry, and private-public partnerships supporting entrepreneurship.
Read at Fortune
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