Disrupt #5: Follow the money, with Grove and Jamaludin
By Karamjit Singh February 15, 2013
- Jamaludin Bujang and Patrick Grove to share their perspectives on funding ideas and entrepreneurs
- Waiting for confirmation from Singapore-based VC as start-up space down south heats up
FOR the fifth installment in the DNA-TeAM Disrupt series, with the theme “Follow the money,” on Feb 20, we are going to talk about funding and hear from the people who are giving it out.
In that sense, there can be no one better equipped to talk about how 2012 went in the Malaysian funding landscape than Jamaludin Bujang, chief executive officer (pic) of Malaysia Venture Capital Management Bhd (Mavcap).
Besides talking about how last year went, Jamaludin will share what venture capitalists (VCs) like him look for in the ideas and people they invest in. He will also update us on his plans, first disclosed by Digital News Asia, on carving out four new VC firms from the existing pool of experienced Mavcap investment managers.
It is a bold move as it means having to rebuild his internal team almost from scratch. But it is great news for those seeking funding as there will be four more new and hungry VCs in town.
Joining him is one of Asia’s most prominent internet entrepreneurs, Patrick Grove. It may surprise some that we have chosen to invite Grove but the Group CEO, chairman and major shareholder of Catcha Group has been making investments in the region.
In fact, Catcha Group even has a mini-incubator where it will seed its staff and even interns with RM50,000 if they have an idea that can show traction.
Grove (pic) also told me in 2011 that they were raising some serious money, their own and from investors attracted by Grove’s track record as an Internet entrepreneur. I do not know what is the latest here, but I am sure we will get an update from the man himself.
We are also waiting for confirmation from a VC in Singapore to be a panelist. With DNA regularly covering the start-up space down south, it will be interesting to get a finger on the pulse of its funding ecosystem. Coincidentally, we also just reported on Singapore based media company e27 raising money yesterday.
With Agensi Inovasi Malaysia (AIM) making the biggest splash recently with some serious venture investments, some may ask why we have not invited them.
If you look at the investments AIM has been making, all have been in companies which are doing innovative things with patents being a key attraction for AIM. This in itself rules out most Malaysian companies. You can check out the video and story where AIM chief executive officer Mark Rozario shared with DNA its investment approach.
Nonetheless, there will be more than enough conversation points on Wednesday. You just have to RSVP here to book your spot for the event which will starts at 5.30pm sharp at Plug & Play Technology Holdings Sdn Bhd, 7th Floor, Gardens South Tower, MidValley City.
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