A panel event in Jakarta discussed the current fundraising winter in the tech industry, highlighting challenges faced by startups in Southeast Asia due to slashed valuations and market conditions. VC investors are now more patient and focused on profitability, emphasizing balanced growth and solid fundamentals. Founders are advised to cut burn, focus on their best product-market fit, and prioritize survival over market share in the tough capital market, thinking like a camel rather than a unicorn.
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