{"id":3493,"date":"2022-08-24T13:43:52","date_gmt":"2022-08-24T05:43:52","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=3493"},"modified":"2022-08-24T13:48:40","modified_gmt":"2022-08-24T05:48:40","slug":"daily-markup-573-christine-tsai-on-cnn-marketplace-asia-investing-in-sea-why-founders-shouldnt-go-for-the-unicorn-status-and-more","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=3493","title":{"rendered":"Daily Markup #573: Christine Tsai on CNN Marketplace Asia &#8211; investing in SEA, why founders shouldn\u2019t go for the unicorn status, and more"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/iNSBjsOD48nuR92aUtQotAuKCqglVpiynIDx76oma7ZjOZ-gx5-nS5CEWylo36f5MF7DKW70BAxt7ZXlkun2-FEf2Ij5mqMLA-0zSgHdpp4NkySBtT97jzdi04UqhW9i5nLUbY9UsJSZn97z5-bh8dmaJWzxAsckox3OH-goeTfl2-W6VNvcCCqaaQ\" alt=\"\" \/><figcaption>Credit: CNN<\/figcaption><\/figure>\n\n\n\n<p><strong>Advancing Southeast Asia through entrepreneurship<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"http:\/\/500.co\/\">500 Global<\/a> has been investing in Southeast Asia for close to a decade \u2014 the mission to uplift people and economies around the world through entrepreneurship hasn\u2019t changed. But what has?\u00a0<\/li><li>Christine Tsai, CEO &amp; Founding Partner of 500 Global, said, \u201cWhen we first started investing in Southeast Asia, it was a very nascent market. But in 2022, it\u2019s a completely different story.\u201d<\/li><li>For one, Southeast Asia raised US$21.5B in private capital in 2021, up from US$8.8B in 2020. To date, 500 Global has invested in more than 2,500 companies, with over 300 based in Southeast Asia \u2014 and this number is growing! Our team is proud to have supported 7 companies that went on to become SE Asia\u2019s unicorns (companies that are valued at US$1B or higher).<\/li><li>However, Christine cautions founders against making \u2018unicorn\u2019 status their main goal. \u201cIf I meet a founder that says, \u201cMy goal is to be a unicorn\u201d, I do have question marks,\u201d she shared. \u201cBeing a founder is such a difficult journey. What I\u2019d like to see is that they\u2019re really excited and passionate about what they\u2019re building, empathy for the target customer, and they really want to build something iconic and big.\u201d<\/li><li>Christine is committed to continue investing actively in Southeast Asia. Why? \u201cWe have seen a lot of opportunities around a broader category we call rural digitization. This could be around fintech, financial inclusion, as well as commerce,\u201d she said. Our team also invests in frontier tech and mobility.<\/li><li>Watch the full interview on <a href=\"https:\/\/cnn.it\/3pFwYIq\">CNN<\/a>.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Advancing Southeast Asia through entrepreneurship 500 Global has been investing in Southeast Asia for close to a decade \u2014 the mission to uplift people and economies around the world through entrepreneurship hasn\u2019t changed. But what has?\u00a0 Christine Tsai, CEO &amp; Founding Partner of 500 Global, said, \u201cWhen we first started investing in Southeast Asia, it [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3494,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322,319],"tags":[473],"class_list":["post-3493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","category-weekly-roundup","tag-500-global"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #573: Christine Tsai on CNN Marketplace Asia - investing in SEA, why founders shouldn\u2019t go for the unicorn status, and more - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=3493\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #573: Christine Tsai on CNN Marketplace Asia - investing in SEA, why founders shouldn\u2019t go for the unicorn status, and more - Markup\" \/>\n<meta property=\"og:description\" content=\"Advancing Southeast Asia through entrepreneurship 500 Global has been investing in Southeast Asia for close to a decade \u2014 the mission to uplift people and economies around the world through entrepreneurship hasn\u2019t changed. 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