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Executive Column: AC Ventures says founders must keep innovating despite 'tech winter'
Amid the furor over SVB's collapse, AC Ventures founding partner Pandu Sjahrir stresses that his advice remains the same regardless: Due diligence and risk management is a must for both founders and investors.
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Pandu Sjahrir, AC Ventures founding partner (AC Ventures/-)
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em>Already stuck in a rough patch with tighter financing and mass layoffs, the global tech scene was shaken further by the collapse of Silicon Valley Bank in the United States. While this event had no direct impact on Indonesia, it provided lessons for local start-ups.
AC Ventures (ACV) founding partner Pandu Sjahrir, who is also the vice president director of energy company TBS Energi Utama, spoke to The Jakarta Post’s Aditya Hadi about the venture capital (VC) firm’s history, its positioning and what start-up founders can do to increase their chances of succeeding in the current investment climate.
Question: What is the background of AC Ventures?
Answer: AC Ventures was formed in 2019 through the merger of two venture capital firms in Indonesia, Agaeti Venture Capital and Convergence Ventures.
Today, we are a top Southeast Asian venture capital firm investing in early-stage start-ups focused on Indonesia and the region, with over US$500 million in assets under management [AUM].
We have invested in more than 120 tech companies since 2012, prior to the merger. We have offices in Jakarta and Singapore with a team of more than 35 professionals led by Adrian Li, Michael Soerijadji, Helen Wong and myself.
What is the current investment focus of AC Ventures?
