[EVENT RECAP] Antler Sharing Session

On Mon (28/5), Antler finally opens its doors to Indonesia. Pierre Martensson, partner in Antler along with Stig Traavik who is an advisor for Antler shared their views on the entrepreneurial landscape and how their work can contribute.

The panel discussion was filled with outstanding speakers: Martin Hartono (CEO of GDP Ventures), Noni Purnomo (CEO of Blue Bird Group), and Donald Wihardja (Partner at Convergence Ventures). The panel discussed the investment landscape in Indonesia and how strong founders should be supported. 

Antler is creating a program which enables top talents to team up with the right co-founders and develop and scale their ideas.  Antler is looking for founders who are experts in either business, product, or domain. Later on, founders with different expertise who have the same vision would be connected to each other. Antler’s mission is to turn the world’s best talent into great founders of great companies. 

The ANGIN team is proud to be part of this mission and we will continue to show support for the entrepreneurial ecosystem. 

[EVENT RECAP] Insider’s Guide Launch Event!

On Wednesday (6/6) , ANGIN was cordially invited to Dila Karinta and Bettina Herz’ launch of their book Insider’s Guide to Jakarta Startups. While Bettina was unfortunately absent during the launch, Dila Karinta was accompanied by various speakers, including the Managing Director of Phoenix Communications, Alistair Speirs, Bizzy’s cofounder, Norman Sasono, the cofounder of Andalin, Rifki Pratomo, and others. The launch was held at what Speirs called “the first coworking space”, Starbucks. While the launch covered topics within the book, it included personal insights from each of the speakers on the startup environment, including the difficulty in making a startup, the necessity of perseverance in the face of failure, and many other topics.

Here are some important highlights from the event:

  1. The first question that should be asked before making a startup is “Do you really want to start a startup”
  2. “A startup is a newly formed business with particular momented behind it based on perceived demand…The intention of a startup is to grow rapidly as a result of offering something that addresses a particular market gap”
  3. It is difficult to create a startup by yourself –– build a team consisting of 2 or 3 people covering the technical, business development and creativity/marketing side
  4. Startups does necessarily have to be tech oriented but must use tech in order to be scalable
  5. It is important to have conviction and belief that your startup will succeed
  6. Because of Indonesian regulation (once a startup gets money from abroad, it becomes foreign), a lot of Indonesian companies are no longer Indonesian (Tokopedia is Chinese, Go-Jek is Singaporean)
  7. When startups get easy funding, they fall into the trap of over/reckless spending
  8. Indonesia’s startup landscape differs from Silicon Valley’s in that it tackles real world problems

ANGIN will continue to support efforts made for mentoring startups in Indonesia.

[RECAP] Tanijoy Soft Launch

On Monday (23/4), ANGIN was invited to the soft launch of Tanijoy Investasi, a startup which connects field partners with small farmers in order to ease and bring transparency to their investments in agriculture. During this soft launch, several speakers were invited to share their knowledge and experience about agriculture and Indonesia’s economy as a whole. The panel consisted of four experts: Poltak Hotradero (Senior Researcher at Indonesia Stock Exchange), Muhaimin Iqbal (Founder & Chairman of Indonesia Startup Center), Romy Cahyadi (CEO of Instellar), and M. Nanda Putra (Co-founder & CEO of Tanijoy).

Here are the key takeaways:

  • According to Mr. Poltak Hotradero, startups such as TaniJoy should be able to make use of their data as it is the value of the startup. Data are very powerful when used correctly, and that is something that other corporations don’t have. For example, startups know exactly the profile of their users.
  • Mr. Muhaimin Iqbal talked about the problems faced by Indonesia, especially in the agriculture sector. Indonesia, despite its potential, has no self-sufficiency in food.
  • The problem lies in how little investments goes to farming in Indonesia where food is always in high demand.
  • Indonesia’s consumption of meat and vegetables are very low compared to the world average. Consumption of meat is only a quarter of the global average, and consumption of vegetables is only a third of the global average.
  • Banks would only allocate around 3 – 6% for agriculture, which shows how little investments go to agriculture and farming.
  • With TaniJoy, it would help people to invest in agriculture in an easy, safe, and transparent way.

We are so excited with the soft launch of Tanijoy, and we hope the social impact it brings would be an inspiration to all. Best of luck for TaniJoy!