Jimmy Jia

Setting up right and strong foundations when creating a company, is a must; more important than ever before. A company needs to have a PURPOSE and VISION. These have to be set as clear as possible by the founder(s) since its inception. Then VALUES. These will trickle down and used as the guidelines for everyone in the company to think and act. These are the backbones that will set the culture of the company. Founder/CEO cant just rely on those written and framed on the office wall. Purpose, Vision, and Values should not be something the team have to memorize. Rather, something they need to do. So, as the Founder/CEO, what you need to do is to LEAD BY EXAMPLE by always WALK THE TALK. As a VC, i would love to back this kind of company and founder. Maven Asia Capital (www.maven.asia) #mavenasiacapital

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 Showcasing the sustainability and economic efficiency of #renewableenergy projects can persuade #investors of their viability and potential for #highreturns.

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What Do VCs Really Look For in a Financial Model? 💡 E27 Article: https://lnkd.in/g8zzKBeP Every VC has slightly different priorities when reviewing a financial model. Some focus on how you plan to scale to SGD100M in revenue, while others are assessing your commercial instincts and the logic behind your numbers. But amidst the variability, there are universal factors that every investor pays close attention to: 📈 Traction & Sales Funnel: Clear insights into your sales and marketing funnel, showcasing traction and your ability to grow consistently. 💰 Unit Economics: Are your economics sustainable? Investors want to see profitability at the unit level, reflecting a scalable foundation. 🚀 Route to Profitability: A clear plan for turning your business into a sustainable, profit-generating enterprise is essential. 🔍 Funding Gap: It’s critical to highlight your growth strategy and account for working capital and capex needs, ensuring the numbers make sense over time. Crafting a compelling financial model is about telling the right story with the right data. Founders, what are your go-to strategies for aligning with VC expectations in your financial models? Share your thoughts below! 👇 #Startups #VentureCapital #Fundraising #FinancialModels #GrowthStrategies

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It's been quiet for a while and now back to the field again. After 6 months of strategy brainstorming, we collaborated with several regional Private Equity and Venture Capitals. We are mandated to identify 100 potential regional MSMEs and MSMIs to participate in the new launch pool of the Incubation Fund, the first batch of which has been kicked off at USD500 million. If you are currently in the fundraising mode to drive the business and have the intention to route an IPO in any listing destination, we have an alternative fundraising mode to connect you to the relevant platform. It shortens your fundraising tenure with effective and efficient time resources. Welcome to drop the Business Proposal privately and we shall deal with you within the next 24 hours. The preliminary terms and conditions will be as follows; 1) Latest audited annual revenue > USD5 million; 2) Latest audited profit before taxation > USD1 million; 3) Agree to position the IPO as an exit strategy; 4) Preferably with technology-backed organization; Looking forward to your participation. Cheer.

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PE & AI: "Responsible AI in Private Equity" Some interesting insights by Dr. Michelle Seng Ah Lee as AI is becoming increasingly important for PE firms and their portfolio companies. Role of AI in Private Equity: a) In-house use: can enhance due diligence, firm efficiencies, regulatory compliance, and decision-making for deal teams b) Portfolio companies: can be a cornerstone of value creation Takeaways: - PE firms can help their portfolio companies by providing clear guidelines on how to use AI responsibly - Responsible AI means using AI in a way that is fair, transparent, and minimizes risks - PE firms should have a Responsible AI policy that outlines how they will use AI and how their portfolio companies should use AI - Responsible AI guidelines for portfolio companies should provide best practices and case studies Source: https://lnkd.in/eJ4y-dSg, Dr. Michelle Seng Ah Lee #pe #privateequity #ai

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Congratulations to Surojit Chatterjee, Souvik Sen and Ema Unlimited team on a successful fundraising! SCB 10X is thrilled to announce our investment in Ema as part of the $36M Series A extension funding round, which brings their total raise since inception to $61M. This round, led by Accel and S32, included participation from other notable investors such as Prosus Ventures, Hitachi Ventures, Sozo Ventures, Wipro Ventures, COLLE CAPITAL and Frontier Ventures B.V. Ema's innovative approach to enterprise workflow automation through Generative AI strongly aligns with our investment thesis in the Deep Tech space. Their platform, which combines a proprietary Generative Workflow Engine™, Knowledge Graph, and EmaFusion™ Model, addresses critical challenges in enterprise AI adoption while ensuring the highest levels of security and compliance. Founded in 2023, EMA has shown impressive rapid tractions within their first year. Their ability to create customizable "AI employees" or "Personas" for specific business functions promises to revolutionize enterprise productivity across multiple industries. The founding team's exceptional track record in scaling products and technologies at companies like Google, Flipkart, Coinbase and Okta, gives us confidence in Ema's ability to capitalize on the fast-growing autonomous AI and agents market, projected to reach $41 billion by 2029. As SCBX Group aims to increase our AI-enabled revenue to 75% by 2028, we believe this partnership will provide valuable insights into deploying efficient, reliable, and compliant AI solutions. We're excited to support Ema's vision of transforming the future of work with Universal AI Employees and look forward to the innovations that lie ahead. Press release of Ema’s fundraising: https://lnkd.in/gpe-FV26 #artificialintelligence #generativeai #ai #startups #venturecapital

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【Temasek’s Bold $10 Billion Investment in India 🇮🇳】 -- A Strategic Move Amid China Slowdown In a move that underscores India’s growing significance on the global investment landscape, Singapore’s sovereign wealth fund, Temasek Holdings, has announced plans to invest $10 billion in India over the next three years. 🇨🇳 This ambitious investment comes at a time when the performance of #Chinese markets has been lackluster, underscoring #India’s importance as one of Temasek’s top two preferred markets globally, alongside the #US. 🇸🇬 Looking at Temasek's #trackrecord, it's impressive to note that they have already deployed around $37 billion in India over the past two decades.. 💡As of 2023, India now makes up 7% of Temasek’s global portfolio by underlying assets, up from 4% in 2020. In 2023 alone, they invested a record $3 billion in the country. What stands out to me is their perspective on India's market dynamics: "India has always commanded a premium due to its growth potential. By identifying and investing in the right businesses, consistently achieved returns that justify the higher valuations" "The capital markets and deal sizes in India have been steadily increasing, thanks to the expanding and maturing financial markets. The current high valuations are justified by the potential for above-average returns," Temasek’s #InvestmentStrategy in India will focus on several key areas, including technology, financial services, healthcare, and consumer goods. 🌡️ For instance, Temasek’s portfolio, Sheares Healthcare Group, healthcare investor, recently invested almost $2 billion in Manipal Health Enterprises Pvt. Ltd, Indian leading muli speciality hospital operator, with total stake of 59% (new 41%) at $4.9 billion valuation. This valuation is justified by Manipal’s strong financial performance, including 1) a revenue of around $488 million, 2) an EBITDA margin of 24% for FY 2023, 3) several millions patient as sticky customers and 4) potential for free cash flow generation. Later, they sold 8% stake to Abu Dhabi sovereign wealth fund, Mubadala while holding majority shares. Very successful story and foreseen investment. I reckon their increasing investment in India reaffirms the country's status as a pivotal destination for global investors. As someone keenly observing these developments, it's clear that India's market offers tremendous opportunities, and Temasek’s commitment only strengthens this outlook. Ravi Lambah Alex Lin #startup #Singapore #Investment

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In this intimate fireside chat, we will learn more about the Public Investment Corporation Early Stage Fund, cleverly structured to adress a number of challenges faced by startups. Cant wait!

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The quick commerce space in India continues to see a steady stream of funding news in recent months, and while comparing Southeast Asia with India reveals challenges, it also highlights a lot of opportunities for growth in SEA, as companies here can tap into similar growth by adapting their approach to fit the local market. 𝗟𝗲𝗮𝗿𝗻𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝗜𝗻𝗱𝗶𝗮'𝘀 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 In India, quick commerce has become a top-of-mind option for grocery shopping and daily needs, supported by efficient operations and product diversification, including high-margin items like beauty products and electronics. Southeast Asia has the same potential. By optimizing operations, targeting the right demographics, and diversifying products, the demand for quick commerce can be met without compromising bottom line. 𝗕𝗿𝗶𝗴𝗵𝘁 𝗙𝘂𝘁𝘂𝗿𝗲 𝗣𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝘀 Having invested in BeepBeep!, I'm confident of the promising future of quick commerce in SEA. From a macro perspective, the online grocery market is set to grow. As cities expand, infrastructure gets better, logistical issues are ironed out, and more people get hooked on the convenience of digital services, demand will go up. Grocery delivery is a permanent trend. Market behavior will keep shifting towards on-demand deliveries as they become more accessible, and as consumers expect more products to be available "instantly." At the same time, people want convenience and deals, and nimble businesses with innovative models (like quick commerce companies) are in a great position to meet these needs. #QuickCommerce #SoutheastAsia #RetailTransformation #BeepBeep #GenesiaVentures #OnDemand #Grocery #VentureCapital

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  Interesting 2024 Report on the Asian consumer here from Pricewaterhouse Coopers Private Limited, The Big 4 Tax Consulting Firm https://lnkd.in/ewwaWE82   Check this out and I quote “Asia Pacific is a powerhouse within the global consumer markets landscape. It’s home to 60% of the global population and represents 46% of global GDP. It is projected to make up nearly two-thirds of the global middle class by 2030. The opportunities for retailers and consumer markets companies are immense. Its diversity presents further opportunity — as well as risk — with its multitude of market archetypes, economic realities and buying patterns across multiple territories. Add to this a backdrop of economic and environmental uncertainty, ‘trust’ is the key to thriving and realising the potential of this dynamic market. “   The company polled over 7,000 consumers across 11 Asia Pacific territories, as part of a global survey.   This economic vibrancy is one of the many reasons we are  really looking forward to the 10th Annual Asian Surfactants Conference in Kuala Lumpur on the November 20 – 21 (Training in person with Neil A Burns on November 19th)  Book now. The space is certain to sell out.  https://lnkd.in/ezpfZyuy

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Had a great time chatting with Kee Lock Chua , CEO of Vertex Holdings . I learned that Vertex Ventures has six major funds in it’s global network of venture capital funds, each focusing on investments in their respective region and specific sector/industry, the latest being their Japanese Fund. Each independently managed that also raises the majority of its funds from global investors with Vertex Holdings as the anchor investor. Most folks may not know that Vertex Holdings is a wholly-owned subsidiary of Temasek Holdings. Spent time sharing stories about how I remember the NatSteel Holdings Pte Ltd case, when Jackson Tai was at the helm of DBS Bank ; the current #venturecapital environment and #fundraising challenges in the industry for those not distributing; one of the top most important things when investing in ventures- the founder(s) ethics , principles, what drives them, ability to execute ; about Kok Song NG and my recent trip to Japan for Horizons Ventures ‘ techcracker and the developments in the space in Japan; we talked about worms and the sharing by Andrea Choe of Holoclara Inc , an octopus video and neurons on chips by Hon Weng Chong of Cortical Labs and the oh so many possibilities , we talked about the video of a paralysed rat and the work of Andrew Pelling Charles M. Cuerrier of Spiderwort Inc. , ivf ai that led to radiology and pathology diagnostic ai by Dimitry Tran Dr Aengus Tran of Harrison.ai Annalise.ai and their progress globally; we spoke about gene editing and CRISPR; two books I should read by Li Fei -Fei , and Matt Richtel; the importance of continuous curiosity; growing Singapore companies and how to scale ; importance of timing; and about connecting people. Look forward to next time Kee Lock Chua ! #directinvestments #venture #vc #venturecapital #earlystage #entrepreneurship #healthcare #technology #deeptech #founders #principles #investing #learning

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It's interesting that Tech in Asia released an article today on VC secondaries (which was republished with permission from The Realistic Optimist) talking about the emergence of VC secondaries as a crucial yet underused mechanism for the Tech ecosystem. Given my fond memories of my Private Equity days, let's talk a bit about Secondaries. 🔍 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐒𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧? In simple terms, it's when shareholders of a company sell their stock to another investor, or a fund investor sells their LP ownership stake to another fund investor. 🔄 𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐒𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐢𝐞𝐬 1. LP Secondaries: Most common type of Secondaries, where an existing LP's ownership in a PE/VC fund is bought by another LP. 2. GP Secondaries: A fund sponsor sells one or more assets from a fund it manages to a new fund, often managed by the same sponsor and capitalized by secondary buyers. 💡 𝐖𝐡𝐲 𝐒𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐢𝐞𝐬? 𝐖𝐡𝐲 𝐧𝐨𝐭 𝐬𝐞𝐥𝐥? If they could sell, they would (𝘢𝘵 𝘢 𝘨𝘰𝘰𝘥 𝘱𝘳𝘪𝘤𝘦, 𝘵𝘩𝘢𝘵 𝘪𝘴). In this current market where liquidity is scarce, exiting at a marked-up MOIC/IRR (𝘪.𝘦. 2021-22 𝘷𝘢𝘭𝘶𝘢𝘵𝘪𝘰𝘯) is challenging. In a LP Secondary scenario, a LP may decide to reduce their exposure to a certain geography due to a variety of reasons (𝘦.𝘨. 𝘨𝘦𝘰𝘱𝘰𝘭𝘪𝘵𝘪𝘤𝘢𝘭, 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰 𝘳𝘦𝘣𝘢𝘭𝘢𝘯𝘤𝘪𝘯𝘨). In a GP Secondary scenario, more often than not, the fund projects that the portfolio companies require a bit more time (𝘴𝘶𝘣𝘫𝘦𝘤𝘵𝘪𝘷𝘦) to realize the potential returns. 💰 𝐖𝐡𝐲 𝐁𝐮𝐲 𝐚 𝐅𝐮𝐧𝐝 𝐒𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐲? Similar to other asset classes investment rationale, a Secondary investor may be able to acquire a good asset (𝘪.𝘦. 𝘢 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰 𝘰𝘧 𝘤𝘰𝘮𝘱𝘢𝘯𝘪𝘦𝘴) at a deeply discounted price, resulting in a respectable return in a much shorter timespan (𝘵𝘩𝘪𝘯𝘬 1.5-2𝘹 𝘔𝘖𝘐𝘊 𝘢𝘯𝘥 16-25% 𝘐𝘙𝘙 𝘰𝘷𝘦𝘳 2-3 𝘺𝘦𝘢𝘳𝘴), relative to a typical 10-year fund life. In our inherently inefficient market, Secondaries can provide a crucial capital bridge to support the tech ecosystem and capital markets. Unfortunately, these transactions are still rare in Southeast Asia. #VentureCapital #PrivateEquity #Secondaries #Startups #TechEcosystem #SouthEastAsia

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Thanks to Kavitha N. and DealStreetAsia for featuring Collyer Capital in this interesting piece about secondaries. Glad to have contributed to the discussion as the secondary toolkit, if used right and in full transparency, can really benefit all parties involved, particularly in #ASEAN. #CollyerCapital #CCPL #ASEAN #secondaries #liquidity #transparency

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Good insightful report on South East Asia

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Presenting effective de-risking strategies for #renewableenergy projects reassures investors by mitigating perceived risks and emphasizing robust #riskmanagement.

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The latest Bain-Temasek-Google New e-Eonomy Report 2024 is out. Even as revenue growth slows, the online market in Southeast Asia continues to grow driven by secular trends, with higher EBITA margins for existing players seeking exits in next couple of years, amidst lower private funding environment… Will be interesting to see how after the US elections, alongside China’s efforts to revive its economy, the funding and exit landscape will change given the continued bifurcation and fragmentation of the global economy. A bright spot can only be as bright as the rest of the world allows it to be. One thing is clear - the region will require more (and greener) data centres to sustain the growth of its digital economy! #neweconomy #digitaleconomy #digitalisation #privateequity #venturecapital #seedcapital #southeastasia Bain & Company Google Temasek Keppel DC REIT

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Y Combinator Winter 2024 Batchの採択企業を紹介第2弾は、「Healthcare」で分類されている、病院向けAIエージェント（2社）、臨床記録×AI（2社）、個別化医療×診断（1社）、神経疾患の診断技術を開発（1社）のスタートアップについてそれぞれまとめました。ぜひnoteをご覧ください。 また、Y Combinator Winter 2024 Batchの採択企業とは別に、脳卒中の早期検知する医療機器を開発しているスタートアップとして、Hike Venturesのポートフォリオ企業の「Zeit Medical」もご紹介しています。ご興味のある方はぜひご連絡ください。 Zeit Medical：睡眠中でも脳卒中の兆候をAIを活用して。検出するスマートヘッドバンドを開発しています。再発リスクもある脳卒中のモニタリングをすることで、早期発見につながります。現在、臨床試験を実施中です Zeit Medical https://lnkd.in/gF_zdUpv ブログ記事はこちら（Here is the blog post）↓ https://lnkd.in/gqQegw2Y   *Although the articles are in Japanese, please feel free to contact me in English if you are interested in the content. I would like to introduce companies from the Y Combinator Winter 2024 Batch. Part 2 summarizes each of the startups categorized under "Healthcare": Two in AI agents for hospitals, Two in clinical records combined with AI, one personalized medicine and diagnostics, and one developing diagnostic technologies for neurological disorders. Apart from the selected companies from the Y Combinator Winter 2024 Batch, I'm also featuring Zeit Medical, a startup in Hike Ventures' portfolio, which is developing medical devices for early detection of strokes. If you are interested in "Zeit Medical", please let me know. Zeit Medical is developing a smart headband that uses AI to detect signs of stroke even during sleep. This device monitors strokes, including those with a risk of recurrence, facilitating early detection. Currently, clinical trials are underway.

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