{"id":3707,"date":"2022-11-07T08:04:43","date_gmt":"2022-11-07T00:04:43","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=3707"},"modified":"2022-11-07T12:54:37","modified_gmt":"2022-11-07T04:54:37","slug":"daily-markup-626-khailee-ngs-unexpected-path-to-becoming-a-venture-capitalist-at-500-global-and-insights-on-whats-next-for-se-asias-ecosystem","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=3707","title":{"rendered":"Daily Markup #626: Khailee Ng\u2019s unexpected path to becoming a venture capitalist at 500 Global and insights on what\u2019s next for SE Asia\u2019s ecosystem"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/wFRzIh6nwzbyVtei2iAQ6VikfXRxG5M4WnMkiEbeSX4hOkWTcYIUow-JHItPzRI2PPg9PaFNqetaLwFuaY1nif7d2gw2si59YwwR3s0fhZ6NYlsjNpQFClOuTOIXivkzqhX-ypCPXXcMDB8hqXPFdHG-mI-vaYOdMkLHKzdnp5ICAonivqZo0UOZ4onSWA\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Credit: AHN<\/figcaption><\/figure>\n\n\n\n<p><strong>Making a real impact in the world<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>After building and exiting two startups, 30-year-old Khailee Ng (Managing Partner, 500 Global) decided to head to Silicon Valley to learn from the best venture capitalists so more entrepreneurs can succeed.\u00a0<\/li>\n\n\n\n<li>After his trip, he was determined to <a href=\"https:\/\/bit.ly\/3NwYhiX\">bring the resources in Silicon Valley \u2014 the density of networks and access to capital \u2014 to other parts of the world<\/a>. \u201cI was a bit naive,\u201d he reflected. \u201cI was also disheartened because nobody thought I was being rational.\u201d\u00a0<\/li>\n\n\n\n<li>That\u2019s when he met a bunch of geo-aware, well-traveled misfits that were already actively investing outside of Silicon Valley \u2014 the <a href=\"http:\/\/500.co\/\">500 Global<\/a> team! And the rest, as they say, is history.\u00a0<\/li>\n\n\n\n<li>Today, 500 Global has invested in 2700+ companies across 81 countries including the Middle East, Latin America, Southeast Asia, and more; 49 of those companies have become unicorns (companies valued at over US$1B), and many of them are non-U.S., non-China, non-India.<\/li>\n\n\n\n<li>\u201cIt\u2019s not about us, where we are from, or who we are. It\u2019s what we offer to the world; what are we building for people?\u201d said Khailee. \u201cI think the general thesis is that with different backgrounds, upbringings, and diversity, we\u2019ll be able to build for more of the rest of the world.\u201d<\/li>\n\n\n\n<li>Someone\u2019s got to make the first move though. So in 2014, Khailee led 500 Global\u2019s first Southeast Asia-focused fund to start seeding startups in the region with capital, kickstarting today\u2019s thriving ecosystem.<\/li>\n\n\n\n<li>What\u2019s the state of Southeast Asia\u2019s startup ecosystem in 2022? Khailee believes that the region is still in its early innings. Just as China\u2019s Baidu, Alibaba, and Tencent kickstarted a step change for the nation, and Silicon Valley is now enjoying 60+ years of compound resources, Southeast Asia\u2019s tech giants \u2014 Grab, GoTo Group, and Sea Limited \u2014 will lead to a step change for talent and a new wave of startup innovation in the region. \u201cStay tuned!\u201d said Khailee.&nbsp;&nbsp;<\/li>\n\n\n\n<li>So, what does 500 Global look for in startups today? \u201cWe really care about founder-market fit, not just product-market fit,\u201d he said. \u201cWe care about having founders who feel for what they\u2019re building. These founders have an advantage over other founders trying to build the same thing. We\u2019re also looking for founders who are willing to build very ambitiously.\u201d<\/li>\n\n\n\n<li>One tip for founders? \u201cI encourage founders to build good relationships with their life partners, their spouses, their parents, because overcoming challenges in any kind of relationship or interaction gives them new skills they can use at work,\u201d he said.<\/li>\n\n\n\n<li>Listen to the full podcast episode on <a href=\"https:\/\/bit.ly\/3NwYhiX\">Asian Hustle Network<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Making a real impact in the world<\/p>\n","protected":false},"author":5,"featured_media":3708,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[473],"class_list":["post-3707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-500-global"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - 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