Will Asean startups realise their IPO potential in 2022?
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Singapore
AS THE coronavirus spread through South-east Asia in early 2020, Adams Street Partners' Sunil Mishra was in emergency meetings with his team. As an investor in venture capital (VC) funds, the firm needed to understand just how badly the pandemic would hit it.
Elsewhere, startup founders and venture capitalists were bracing themselves for a liquidity crunch. Sequoia's "black swan" note to founders, urging them to question every assumption about their businesses, spread like wildfire in the tech community.
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