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Investors upbeat on start-ups despite global headwinds
Singapore-based Golden Gate Ventures founding partner Vinnie Lauria said she believed the growing world uncertainty would not hurt flows of global investments but could instead boost investment in Indonesia and other countries in Southeast Asia.
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Global venture capitalists remain upbeat about investing in Indonesian start-ups despite a rising fear that the global headwinds, caused by the escalating the trade war between the United States and China could hurt the country’s economy. (Shutterstock/Yulia Grigoryeva)
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lobal venture capitalists remain upbeat about investing in Indonesian start-ups despite a rising fear that the global headwinds, caused by the escalating the trade war between the United States and China could hurt the country’s economy.
Singapore-based Golden Gate Ventures founding partner Vinnie Lauria said he believed the growing world uncertainty would not hurt flows of global investments but could instead boost investment in Indonesia and other countries in Southeast Asia.
“The Indonesian government is progressive on this issue as it has made it easier for foreign investment in digital sectors. There is nothing to fear because it is easier to do business now compared to a few years ago,” Lauria told The Jakarta Post in Jakarta on Tuesday.
Lauria said the Indonesian digital market had great potential, and that the growth of the country’s young population and mobile internet adoption would drive the digital economy further.
“However, there is still room for improvement such as internet infrastructure and mobile speed, but there is a huge project taking place under President Jokowi, and we are optimistic about what is on the horizon.”
East Ventures managing partner Willson Cuaca remains optimistic about the country’s digital economic potential as he believes the US-China trade war will not impact his company’s investment decisions.
“Indonesia is pretty stable as the government has been pushing hard to reduce regulations and increase ease of doing business, and more people use digital services,” said Willson during a discussion which was also attended by Lauria on Tuesday.
