Crisis or no crisis, entrepreneurship persists
Crisis or no crisis, entrepreneurship persists 8 December, 2020 The ongoing COVID-19 pandemic has brought about transformations to our daily lives. Not only has it changed individuals, it also reconstructed the way the economy works. One of the most noticeable consequences is a paralyzed economy, which in turn results in a financial crisis. A hit on the economy like now is highly likely to deter people from realizing a business they had long planned for. The term entrepreneurship suddenly makes people nervous when mentioned during a financial crisis. However, is entrepreneurship really not possible during [...]
Insider tips for startups on how to approach venture capital
This past year, the Indonesian digital economy has consistently seen exponential growth especially in terms of new consumers. According to the Google, Bain and Temasek’s eConomy 2020 report, 1 in 3 digital service users were newcomers. To seize this opportunity, aspiring startup founders need to move fast to validate their ideas for innovation before entering the market and securing funding. While startups often turn to venture capital for funding, their business model is not always compatible with the venture capital-style of funding.
Finantier raised a pre-seed funding led by East Ventures, bringing Open Finance to Indonesia and Southeast Asia
Finantier raised a pre-seed funding led by East Ventures, bringing Open Finance to Indonesia and Southeast Asia 23 November 2020 Finantier, Indonesia-based Open Finance startup, today announced a pre-seed funding round led by East Ventures with participation from AC Ventures, Genesia Ventures, and other investors. Diego Rojas, Keng Low, and Edwin Kusuma founded Finantier earlier this year to provide the infrastructure and data products required by businesses to build the next generation of financial services. The startup enables digital platforms to securely work in collaboration with financial institutions to create seamless and personalized experiences for [...]
Idea validation with Willson Cuaca: How to start an investment-worthy startup
Idea validation with Willson Cuaca: How to start an investment-worthy startup 12 November, 2020 On 5 November, 2020, Amir Karimuddin from DSLaunchpad 2.0 hosted a question and answer with East Ventures’ Co-Founder and Managing Partner, Willson Cuaca, about startups and idea validation. In this session, aspiring startup founders can learn the importance of idea validation, how to avoid the founder’s bias, and, finally, how to start an investment-worthy startup. Three key points that Willson shares to startup founders are: Let people challenge your ideas to avoid founder's bias Combine top-down and bottom-up approach, focus on [...]
Willson Cuaca: Covid-19 spurs leap in Indonesia digital transformation
Covid-19 spurs an 18 months leap in Indonesia digital transformation journey, according to Willson Cuaca 9 October 2020 JAKARTA — The physical restrictions and lockdown imposed during the Covid-19 pandemic has accelerated digital adoption in Indonesia. Willson Cuaca, Co-founder and Managing Partner of East Ventures, describes this rapid transformation in Topcast by Tokopedia, a podcast hosted by Tokopedia. The implementation of the strict physical distancing measures, according to Willson, slowed down all high-touch economic activities in Indonesia. For this reason, businesses and consumers have had to adopt various digital platforms to fulfill their needs. Combined with a [...]
East Ventures supporting development of COVID-19 test kits
East Ventures initiates Indonesia Pasti Bisa, supporting development and production of 100,000 COVID-19 test kits 27th March 2020 JAKARTA, 27th March 2020 — Since the finding of the first two cases of COVID-19 in early March, the spread of the SARS-CoV-2 virus keeps growing in Indonesia. Today, almost 900 cases of infection announced. One of the biggest obstacles met by Indonesia to contain the spread of the COVID-19 is test kits availability. Limited numbers of test kits available in the nation making it difficult for Indonesia to aggressively trace the spread of the virus, a [...]
East Ventures Welcomes Former Indonesian Cabinet Member as Venture Advisor
Recently appointed as the President Commissioner of Garuda Indonesia, Triawan Munaf is a seasoned politician and entrepreneur with over 30 years of experience in Indonesia’s creative industry. In 2015, Triawan was appointed by Indonesian President Joko Widodo as the Head of Indonesian Creative Economy Agency (Bekraf) to lead the newly established ministerial-level agency.
Hacktiv8 raises US$3 Million Pre-Series A led by East Ventures
Hacktiv8 provides a solution to turn absolute beginners into job-ready web developers in 12 intensive weeks. The company claims to have close to 8,000 applicants, but only a portion able to be admitted as they put forward quality. The “Bootcamp” model of the program also forces students to spend upwards of 10 to 12-hour days, 5-6 days a week, for 12-18 weeks, leaving only the best could graduate the program.