"I was talking to my friend from Kauffman, who said there's a difference between a startup founder and a business owner. I love startup founders, but over time, hopefully, they can become a business owner and a business owner in emerging markets. People who own the majority of the business still take a lot of pride. Oftentimes, when things don't work out, think about what to do to change so that the business works. And over time, a startup founder hopefully will morph into that business owner who takes accountability for the business, pivots or does things that you just don't like just to make the business work because the question isn't, ‘can this business grow for two years’ but ‘can this business truly make an impact’? And that oftentimes, it requires going back to fundamentals and lasting for a long time." - Gita Sjahrir
"In the end, it's so important to understand a market need vs. a market want, because if you ask customers, they almost always say they want ABC. I'm saying this as an ex-entrepreneur. I've built multiple companies in which my biggest mistakes in the past were I always asked and gave people what they wanted and realize it's not what they needed.” - Gita Sjahrir, Head of Investment at BNI Venture" - Jeremy Au
"Be very careful also with fundraising and seeing fundraising as a metric of success, because fundraising is just one metric. Oftentimes, fundraising measures how well people raise money, which is not necessarily how well that business is going to do. So when fundraising, you want to scale up solutions. You don't want to scale up problems. When things haven't really had their product market fit and then they take in a lot of funding, often what happens is you scale up problems." - Gita Sjahrir
In this episode, Jeremy Au speaks on Indonesia's Prabowo and Gibran 59% electoral win (party versus candidate), the quick commerce viability debate, and VC accountability with Gita Sjahrir.
Keywords: Indonesia, Prabowo Gibran 59% Electoral Win, Party vs Candidate, Quick Commerce Viability Debate, VC Accountability, Gita Sjahrir, Indonesia, Thought Leadership
