【SEA Entering the Second Inning】
The SEA startup ecosystem is now a decade in the running. In these 10 years, we've seen 12 unicorns emerge, one of which Sea Group managed to leave the stable and IPO on the NYSE--the first ASEAN startup to do so.
Most of these companies date back to the early beginnings of the ecosystem where there was a void of resources, whether it was talent, capital, or government support. Yet, beyond all odds, companies like Grab and GO-JEK have completely revolutionized the way people go about living their daily lives in SEA and in the process elicited the interests global powerhouses from Google to Tencent to KKR--overall giving new meaning to Southeast Asia as an investment destination.
And the region shows no signs of slowing down. "This year, ASEAN tech startups are on pace for about 160 exits of all types. That’s nearly triple the 2011 figure of 59, and we expect over 700 during the 3-year period of 2023-25, an average of more than 230 per year," according to GGV's Lauria.
The region's first generation of unicorns have spawned an entirely new generation of eager entrepreneurs in the making. And with an internet economy estimated to exceed $300 billion by 2025, the opportunities are ripe for the taking.
AppWorks Accelerator is now accepting applications for its next AI/blockchain only batch (AW#20). Final round deadline is 12/16 >>> http://bit.ly/33dazoY
Jun Wakabayashi
-Analyst, AppWorks
ipo meaning 在 Initial Public Offerings (IPOs) Explained in One Minute 的必吃
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