Spectre of startup downcycle not a downer for Eight Roads
Fidelity-backed investment firm remains bullish on S-E Asia, tracking verticals such as social and B2B commerce
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SLOWING economic growth may spell tougher times for startups and limit prospects for venture investors. But Eight Roads Ventures is sanguine, given its focus on startups with resilient business models, said the firm's South-east Asia head, Dave Ng.
Startups in this region have enjoyed an influx of capital for the past seven years, and sentiment still remains buoyant, Mr Ng told The Business Times in an interview on Monday.
