Sep 8, 2019
Fresh out of the studio, Chua Kee Lock, CEO of Vertex Holdings
and managing partner of Vertex Ventures, Southeast Asia & India
joined us in a conversation together with guest host Charles Reed
Anderson of TechBurst Asia podcast about the venture capital firm
and its footprint across Southeast Asia globally. We start with Kee
Lock's story and how he eventually become a venture capitalist.
Following on, Kee Lock discuss Vertex Holdings and Vertex Ventures
and how the fund assembles and helps their portfolio of high growth
startups such as Grab in the region. Last but not least, Kee Lock
discuss the evolution of venture capital in Southeast Asia and
India and where it is leading.
Here are the interesting show notes and links to the discussion
(with time-stamps included):
Kee Lock, CEO of Vertex Holdings & Managing Partner of
Vertex Ventures Southeast Asia & India ( LinkedIn) [0:25]
did you start your career? [0:36]
your career journey, what are the words of wisdom you can share
with my audience based on your time in Silicon Valley?
- Kee Lock's thoughts on why people are central to building
successful technology companies. [3:30]
- Vertex Holdings and Vertex Ventures
you give a brief introduction to Vertex Holdings and its
relationship with Temasek Holdings? [5:10]
- What’s a typical day for you like as a VC?
you describe the different funds under Vertex Holdings and their
current purposes? Does the different funds reflect the different
stages of investment? [12:45]
are the traits of founders and startups which the investment team
in Vertex seek? [14:00]
are the interesting companies within the Vertex portfolio?
does the Vertex network help the portfolio companies or companies
who might be interested to seek funding? [21:30]
- Vertex has made very interesting investments
globally, for example, Grab, Spacemob (acquired by Wework), Mobike
(acquired by Meituan Dianping) and many others, how do you work
with the founders and what help do most high growth companies need
most in the early stage?
- Trends in venture capital across India and
Southeast Asia [24:40]
are your thoughts on the investment opportunity in India and
Southeast Asia? [25:00]
- Southeast Asia is not a homogeneous market with
different countries at different stages of economic development,
how does Vertex see their investments when they do their regional
expansion? Do you see India with the same challenge?
- Kee Lock's comments on shortage of tech talent and skills in
Asia and how entrepreneurs are solving them. [28:30]
- Kee Lock's thoughts on returning technology talent to Asia from
Silicon Valley and its impact to startup ecosystems in Asia Pacific
for the next few years. [30:50]
the lack of exits in India and Southeast Asia deter the market
opportunity for venture capital to thrive? [31:35]
more global funds entering the region, do you see the potential of
an overheated market with valuations going up? [33:00]
do you see the evolution of venture capital in the next few years?
- Closing [37:40]
you recommend a book or movie or podcast or anything which recently
made an impact to your work and personal life? [37:45]
- Kee Lock's recommendations: Ray Dalio's "Principles" and Simon
Sinek's "Start from Why"
do my audience find you? [39:00]
The show is hosted by guest host Charles Reed Anderson
LinkedIn) from Techburst
Asia Podcast and produced by Carol Yin and are sponsored by
Ideal Workspace (Twitter, Facebook and LinkedIn) with their new Altizen Desk (Twitter, Facebook, Medium). Sound credits for the intro
music: Taro Iwashiro, "The Beginning" from Red Cliff Soundtrack and
this episode is fully produced by Carol Yin (@CarolYujiaYin).
Editor's note: We thank Charles for helping us to guest host
this episode before Carol starts her new role as the producer and
host of Analyse Asia after the live show.