Vitavin Ittipanuvat: Vertex Ventures bullish on Thai startups due to their reasonable cash burn, valuations
"Thailand's homegrown startups generally do not take for granted that there will be a next round of financing after Series A, and therefore founders tend to focus more on capital efficiency and growth on a more balanced approach. As a result, they have a relatively lower burn rate and more modest valuation expectations."
Our Executive Director Vitavin Ittipanuvat spoke to Deal Street Asia about Vertex Ventures Southeast Asia & India's investment mandate, our investment into Thailand, and why Vertex is so bullish on the country.
Vitavin believes that Thai startups have lower and more reasonable valuatione expectations than those in Singapore, Indonesia, or Vietnam, and Thailand will see fewer down-rounds because of this.
Read the full feature here to learn more.