I really enjoyed this perspective. The idea that the infrastructure that makes a technology investable is itself a product of geography is such an important one. It’s a great reminder that backing deep tech isn’t just about evaluating the technology or the team, but understanding the ecosystem around them and, where necessary, being willing to help build what’s missing. Really insightful read. 👏🏾
The important implication is that “capital efficiency” is not an intrinsic property of a company. It partly reflects how much of the surrounding ecosystem the company is forced to recreate internally. Two identical technologies can therefore deserve very different financing plans.
Great article @ Foghor!
Love the comparison between SEA and MEA, thanks Foghor
I really enjoyed this perspective. The idea that the infrastructure that makes a technology investable is itself a product of geography is such an important one. It’s a great reminder that backing deep tech isn’t just about evaluating the technology or the team, but understanding the ecosystem around them and, where necessary, being willing to help build what’s missing. Really insightful read. 👏🏾
The important implication is that “capital efficiency” is not an intrinsic property of a company. It partly reflects how much of the surrounding ecosystem the company is forced to recreate internally. Two identical technologies can therefore deserve very different financing plans.