"If you do believe that fundamentally, the world trends towards just massive amounts of capital and founder friendly terms, then you just add massive amount of capital and founder friendly terms to a tier one brand, and you don't need anything else to compete. The level of thinking needed is not very high to execute successful VC strategies. You literally just need a tier one brand with a high AUM, and then get in front of folks fast enough... Then they realize, actually, let's go downstream and capture more of the ecosystem. We can hire all the super smart people or hustlers, because they don't want to work for us, but we'll be LPs in them. So then you're just a money ecosystem funnel to IPO. And your moat is your tier one brand and even though that's not a super defensible mode, you just need to make sure that every other brand dies first." - Chia Jeng Yang
In this episode, Jeremy Au speaks on local versus foreign VCs in SE Asia, transactional versus relational capital, and what really separates winners from losers.
Keywords: Local vs Foreign VC, Transactional vs Relational, Winners vs Losers, Southeast Asia, Thought Leadership, Clubhouse, Founder
