On Wed (9/5), David from ANGIN was invited to speak at the Oracle Startups Festival Cloud Acceleration Day in Yogyakarta. Many Yogyakarta startups showed up to this event, and all of them are very enthusiastic and eager to learn more about the digital economy ecosystem and the investment landscape in Indonesia.
Here are the key takeaways:
- Indonesia is soon to be ASEAN’s biggest digital economy country
- Digital economy ecosystem in Indonesia is growing, corporate such as Oracle are showing their support as well as the government, coworking spaces, startup accelerators and incubators, and of course funding.
- There are 6 criteria to assess whether a startup would be a good fit for an angel investor or not: ticket size, timing, type of funding, industry, tech/non-tech, and in which stage the startup is in.
- When evaluating the startups, we look at these criteria: team, value proposition, business model, strategy, monetization, execution, valuation, and exit/return opportunity.
We hope all the entrepreneurs who attended the event gained significant knowledge of the investment landscape and digital economy ecosystem!