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Willis Wee · · 4 min readOn growing up, getting big, and doing great
Dear Readers,
Last week I was in Jakarta, Indonesia, to be part of East Ventures’ 10th anniversary celebration.
In the last decade, East Ventures has grown exponentially. I knew it was big, but I only got to really feel it as I was surrounded by all its portfolio companies, staff, partners, and friends.
East Ventures’ 10th anniversary
Fun fact: Based on the dates of our shareholder agreement, Tech in Asia is the fourth company that East Ventures invested in. Man, that makes me feel old! The firm has invested in over 160 companies so far.
For Tech in Asia, the deal happened very quickly at McDonald’s back in 2011, when I was a third-year college student. Through this event, I connected with other fellow East Ventures-backed founders and learned that they all had a similar experience. Some deals were closed in as fast as 30 minutes or even over a phone call. 😮
Tech in Asia Conference 2019
Tech in Asia team 2019
I was in the Indonesian capital for another reason: to participate in our own event, the Tech in Asia Flagship Conference. We hosted over 5,000 people, from aspiring founders to some of the brightest minds in the startup ecosystem.
Our team is humbled and overwhelmed by how big the tech community has grown. Back in 2010, only China had a venture capital network. In other parts of Asia, the network was virtually non-existent.
Asia’s venture capital network in 2010 / Data: Tech in Asia
Fast forward to today, and the VC network has exploded alongside the rise of tech and startups in Asia. If you’re interested, you can read and dig into our data story here.
Different strokes for different folks
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It’s always heartening to see the region’s tech community get together. We haven’t reached our goal yet, but the signs are looking very promising.
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