Joshua Agusta | The Jakarta Post | AI seen to unlock endless opportunities in Indonesia

Vertex SEA | 30 May 2023

*This article was first published by The Jakarta Post. *

Recently, our Executive Director, Joshua Agusta, who is based in Indonesia, spoke to The Jakarta Post on his views about investments into AI amidst a “Fund Rightsizing” climate in Indonesia.

“There will be upsides for VC firms as exit expectation and valuation are being adjusted by the market,” shares Joshua.

“Investors who have the capital and bandwidth to take on new deals now will find great opportunities in these uncertainties,” he continues, adding however that they had to go “beyond just driving capital toward a particular technology.”

He explains that this was where long-term partnerships come into play. “We believe in co-creating a company together with the founding team. We understand that the road from being an early-stage founder to being a large company solving millions of problems takes time.”