Pandu – Looking for potentially talented startup players that we are going to support is pretty similar to finding a life partner. As an investor, we must have more knowledge and understanding about our candidates, for instance, track records, characters, and talents. Those three things, in my opinion, determine business success. Although advances in technology can carry big risks, the factors that underlie my decision on capital injections into startup companies are their potency and large market in Indonesia.
In the context of technological development in the digital industry, Indonesia is still lagging behind compared to developed countries, such as the United States and China. However, seen from the market perspective, Indonesia has its own uniqueness due to its demographic bonus, public interest in technological advancement, and activity efficiency.
I believe that Indonesia will offer a highly prospective digital economy in the future due to its huge market. The pandemic also makes a substantial contribution to the economic sector because of people’s activities and habits in the new normal era, such as studying, working, and shopping, the transition from offline to online. This is the right momentum for startups to engage in the digital sector and seize golden opportunities.
Indonesia has its own uniqueness due to its demographic bonus, public interest in technological advancement, and activity efficiency.