So We Now Have a Venture Capital Alliance in Indonesia. Or Do We?

So here’s something interesting about AVCII. Apparently someone has jumped the gun in announcing the venture capital alliance. Andi S. Boediman, head of Ideosource and Ideoworks published a blog post today saying that nothing had really been agreed upon regarding Thursday’s meeting and it was all casual chat over lunch.

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Short Q&A With Sebastian Togelang of Mountain SEA Ventures Regarding AVCII

On Thursday we reported on the formation of the Indonesian Venture Capital alliance, formed by eight venture capital firms operating in the country. Representatives of the firms met that day to discuss the state of tech entrepreneurship in the country and to formalize the alliance. We contacted Sebastian Togelang, head of Mountain Southeast Asia Ventures who was voted as the alliance chairman to find out more about the initiative.

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Eight Venture Capital Firms Form an Alliance in Indonesia

Eight venture capital firms in Indonesia have just formalized an alliance today in Jakarta. Called Alliance of Venture Capitals in Indonesia (AVCII), the organization aims to share, collaborate, and act on issues regarding the technology and internet-based business landscape in Indonesia. Immediately, the first order of business is to deal with the uncertainty surrounding foreign investment regulations in the country.

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