Compact-Developed Startups Are Profitable, This is East Ventures' Secret

Jakarta, CNBC Indonesia – East Ventures focuses on the health of the companies in its portfolio. As much as 40 percent of all companies startups those in the East Ventures portfolio have made profits or will make profits in the near future.

East Ventures partner, Melisa Irene, explained that 90 percent of the startups that entered the venture capital company's portfolio already had positive margins. In fact, 40% of the companies that received East Ventures capital are in the category that is already or will be profitable.

“40 percent are already profitable or look like they will make a profit,” said Melisa, Wednesday (20/3/2024).

On that occasion, he explained what qualifications East Ventures looks at when funding a startup. Specifically for startups In the initial stage, what is seen is the founder of the company.

He said startup founders must have three things. One of them is integrity, namely being able to maintain what has been discussed previously.

“Integrity, what promised take his word for it. Worst case “I was given money and then the money was taken away,” he said.

Besides that, founder are also expected to have the ability self-awareness. Founders must be able to analyze their surroundings, including seeing positive or negative opportunities.

The last thing is to be able to understand global business models, but be able to adapt the business to the Indonesian market. “Business models those seen on the outside will not copy paste but it will adjustHow capture to the Indonesian context,” said Melisa.

Besides founderwhich is also a related concern markets. Although the founder startups Having good qualifications but entering the wrong market will be a waste of time for all parties, including funders and also the company itself.

For startup growth stage, he explained there would be less room for making mistakes. In this period, the company will continue to other business models to complement the existing ones.

He explained that his party would look for companies with clear products. In addition, the product can become a leader in a certain category.

“You have a great opportunity to become a leader in a category,” he said.

[Gambas:Video CNBC]

(dem/dem)