Alpha JWC Ventures is setting a benchmark in the VC industry
Indonesia has a vibrant startups scene with already four out of seven unicorn in the region. However not many saw that potential nine years ago. In 2010, Chandra Tjan, 39, was among the few who see the potential of the digital economy in Indonesia and the trends in the U.S. and China could repeat in the country. Local startups like Tokopedia also started to emerge at the time, but finding financing was still not easy. Looking at the opportunity, that year Chandra decided to quit his job, moved into Jakarta, and started the pioneering tech investor East Ventures with Batara Eto, and later with Wilson Cuaca and Taiga Matsuyama. However he was the only partner that is based in Indonesia. Before setting up East Ventures, Chandra was in the banking sector for nearly ten years, working at Credit Suisse and Citi Group in Singapore. East Ventures raised their first fund of just S$3 million and invested in more than 30 companies including Tokopedia and Traveloka – he is still the director of East Ventures Fund 1 until today. Chandra was the first board member in the two startups in the early days for a few years. Now, that first fund net asset value (NAV) has multiplied by an amazing 20 times the initial investment (20X). Until now, Chandra still holds shares in both unicorns.
Denne historien er fra March 2019-utgaven av Forbes Indonesia.
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Denne historien er fra March 2019-utgaven av Forbes Indonesia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.
