Southeast Asia’s startups raised $6 billion in Q1 of 2021, but there remains a gap between early-and later-stage investing. The region’s angel investors, often seen as ‘bridge financiers’ occupying that space between a startup’s initial bootstrapping phase and proper VC rounds, remain far less visible. Data from 2019 showed that only ten involved angels of the 113 startups in Indonesia which received funding.
To fill in the gap, twin brothers, Arya Setiadharma and Ardi Setiadharma, decided to support early-stage startups since 2011 and set up Prasetia Investment five years later. Focusing on early-stage B2B startups, Prasetia has backed more than 100 startups in various industries across Southeast Asia (predominantly in Indonesia), India, and the U.S., including Qlue, BukuKas, Ekrut, Yummy Corp, and Gotrade.
Last month, we had the chance to talk with Arya Setiadharma on how he leverages his expertise, extensive network, and operating experiences in planning and executing company strategies. Here is the edited excerpt of the interview:
Forbes Indonesia (FI): What was the inspiration to being an angel investor and starting Prasetia Investment?
Esta historia es de la edición July 2021 de Forbes Indonesia.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 2021 de Forbes Indonesia.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
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.