At Qualgro, we are excited about companies with a fundamental understanding of data strategy. As shared with The Business Times by General Partner Weisheng Neo, we are seeing good opportunities in the market and believe that the VC landscape in 2024 will be much better than last year.
Weisheng’s Feature on The Business Times:
“One thing that has hampered the VC landscape in South-east Asia is the lack of exits in local stock markets here, said Neo Weisheng, general partner at tech-focused Qualgro Partners.
Singapore may draw a lot of capital, but not all that money stays here and its stock market is therefore not the best for tech company listings.
With the increased interest in artificial intelligence (AI), Neo cautioned against “jumping into investments in companies that masquerade as AI companies without a fundamental understanding of data strategy”.
He thinks that the VC landscape will be much better in 2024.
Said Neo: “Everybody wants to deploy and we are seeing good opportunities in the market; there’s an impatience building up.”
Read the full article here: https://www.businesstimes.com.sg/startups-tech/startups/challenges-remain-even-vcs-ride-out-tough-year
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First published on The Business Times on 24 Dec 2023
