We invest in a broad range of technology-driven companies in the US and Southeast Asia. The start-ups we invest in are Wavemakers. They are the catalysts for change.
We like businesses that address huge market opportunities and create real value in a differentiated and defensible way. This means solving truly relevant problems, disrupting the status quo and/or creating fresh, addictive delight.
We strive to be good Partners on their journey. We're happy to be their investor and their sounding board, their cheerleader and their sparring partner, their drinking buddy but not their babysitter. We’re also just as happy to get out of their way.
We take a portfolio-building approach to early stage (Seed-Series A) investing. We try to help them bridge the "post-angel and pre-venture" gap which was a challenging phase we ourselves experienced back in our startup operating days. We will usually start with a $100K-$500K check and follow on until $1M.We believe that early stage investments are largely unpredictable and binary. That’s why we don’t mind making more bets than most other VCs. We also believe in eating our own cooking so we're all meaningful investors in our own funds alongside w/ our distinguished Limited Partners, many of which have been with us from our first fund.
We also take a co-investment approach. We will lead rounds when we feel we are in the best position to do so, but we usually like to bring in co-investors who can add value. Otherwise, we are comfortable to just join a syndicate and help out whenever we are asked. The combination of portfolio building and co-investment has enabled us to invest in over 170 companies and co-invest with over 120 early stage investors. These form a powerful network which supports pattern recognition, diligence, co-investment, customer acquisition and corporate development.
Over a third of our collective portfolio have either been fully realized (full exit) or partially realized (partial exit). While not all of them were ideal outcomes, thus far we've been correct a lot more times than we've been wrong. It's not "spray and pray," as the armchair investors like to say, it's merely a simple portfolio building approach. In the many years we've collectively been doing this, both as startup entrepreneurs and early stage investors, we still have not figured out a systematic way of predicting the future so until somebody puts batteries in our crystal ball, we will continue what's been working for us.