{"id":5253,"date":"2024-08-14T00:00:00","date_gmt":"2024-08-13T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=5253"},"modified":"2024-08-13T15:02:18","modified_gmt":"2024-08-13T07:02:18","slug":"daily-markup-1051-tech-founders-in-malaysia-may-not-find-a-better-time-to-build-their-companies-heres-why-and-how","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=5253","title":{"rendered":"Daily Markup #1051: Tech founders in Malaysia may not find a better time to build their companies, here\u2019s why and how"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfIAyV7LFN9kt_urgohFeM_vnInLpfxQG0quCD0UDecLcHZ_WK6IHiytKZ-r_Z-GPsaXz_V2KVmJUXpH3V7BrpQOM9n-q7jxEfuvvxTD-mZa9hUtrCwcj9XBwdEg0EavytZd53sEY-RC-A-AZvRaB7l810?key=qCyD3FwbEnNdSH4Z7dU7dA\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Photo credit: Tech in Asia<\/figcaption><\/figure>\n\n\n\n<p><strong>Malaysia on the rise<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.linkedin.com\/in\/khailee\/\">Khailee Ng<\/a>, Managing Partner at <a href=\"https:\/\/500.co\/\">500 Global<\/a>, believes that founders in Malaysia may not find a better time to build their companies.\u00a0<\/li>\n\n\n\n<li>During his opening keynote at Tech in Asia Conference in KL, he elaborated on why Malaysia is on the cusp of an inflection point.<\/li>\n\n\n\n<li>Tech giants Microsoft, Nvidia, Google, Infineon, and Intel, have all committed to investing billions of dollars to build artificial intelligence (AI) infrastructure in the country.<\/li>\n\n\n\n<li>Furthermore, Malaysia\u2019s stock exchange has seen <a href=\"https:\/\/www.businesstimes.com.sg\/international\/asean\/malaysias-ai-push-lures-stock-investors-after-years-outflows\">27 debuts this year, raising a total of US$723M<\/a> \u2014 43% higher than that of the same period last year. This is amid a \u201csubdued\u201d level of Initial Public Offering (IPO) activity in Asia Pacific.<\/li>\n\n\n\n<li>Malaysia outperformed its peers in Southeast Asia in exit-to-investment ratio, making 1.21x the total capital invested in them between 2013 and 2022.<\/li>\n\n\n\n<li>Despite the \u201cVC market drag\u201d (when VCs are not investing at the pace, speed and size they used to), the wave is here. \u201cHow do we ride it?\u201d Khailee asked.<\/li>\n\n\n\n<li>\u201c[For] most tycoons in so many countries, the biggest lifts in their fortunes are made because of the plans they made when the economy was down,\u201d he said. Meanwhile, the 1% \u2013 or what he termed the \u201cballer level\u201d \u2013 have plans that \u201cshape and shake the market, and it creates confidence in others.<\/li>\n\n\n\n<li>\u201cA lot of regional champions are built in the worst of times and without any good news,\u201d he shared. And Malaysia has produced many outstanding tech leaders, such as Grab Co-founder <a href=\"https:\/\/www.linkedin.com\/in\/hooilingtan\/\">Hooi Ling Tan<\/a> and CTO <a href=\"https:\/\/www.linkedin.com\/in\/suthen-thomas-paradatheth-18958b51\/\">Suthen Thomas<\/a>, Carousel Co-founder and CTO <a href=\"https:\/\/www.linkedin.com\/in\/lucasngoo\/\">Lucas Ngoo<\/a>, and Carsome CEO and Founder <a href=\"https:\/\/www.linkedin.com\/in\/ericcheng85\/\">Eric Cheng<\/a>.<\/li>\n\n\n\n<li>\u201cWe\u2019re gonna need a way to imbue this confidence and let it spread, because confidence breeds confidence,\u201d Khailee concluded. \u201cWithout this kind of confidence and a substantial source of confidence, you won\u2019t have the conviction to build companies or invest in companies.\u201d<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/bit.ly\/3YVXvEf\">Tech in Asia.<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Malaysia on the rise<\/p>\n","protected":false},"author":5,"featured_media":5254,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[473],"class_list":["post-5253","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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