ANGIN’s Angel Investor: Ivan Kamadjaja

Welcoming our new Angel, Ivan Kamadjaja

Ivan Kamadjaja is an industry veteran with deep financial and logistics expertise. Leading Kamadjaja Group as their CEO, Ivan is keen on furthering technological advancements in logistics to increase productivity and customer satisfaction. With a focus on improving distribution movement for multiple companies, Ivan has raised standards of Kamadjaja Group through a decade and a half. Before taking the reigns of Kamadjaja Group, Ivan had made a career in financial auditing and consulting. In his personal time, Ivan has developed a passion in startup companies. In the past 3 years, Ivan has been an angel investor for several startups, by contributing his 15+ years of experience as highly impact entrepreneur, his business network, and by being mentor to them. Ivan is also active in many startup/scaleup related events as mentor, eg. EO Accelerator, Endeavor annual event, and 1000 Startup.

ANGIN’s Angel Investor: Mardianto E. Danusaputro

Welcoming our new Angel, Mardianto E. Danusaputro

Mardianto E. Danusaputro is Chief Executive Officer of Mandiri Capital Indonesia (MCI), the corporate venture capital subsidiary of PT. Bank Mandiri (Persero) Tbk. MCI aims to provide equity funding for regional start-ups, with focus on the fintech sector. Eddi has more than 20 year’s working experience in various sectors, including consumer goods (at Procter & Gamble), management consulting (at AT Kearney and Booz Allen Hamilton) and financial services (including Morgan Stanley), whereby the majority of his work experience was in Singapore. In addition to working at large corporations, Eddi also has experience as an angel investor and social entrepreneur. Eddi graduated with a Bachelor’s degree in Economics from Gadjah Mada University in Yogyakarta and also has a MBA degree from Duke University, USA and a Doctorate in Management from Universitas Indonesia.

Laurentia Melinda: ANGIN Angel & Head of Business Development at NamWest

Tell us a bit about yourself.

My name is Laurentia Melinda and I am in charge of business development at my company, NamWest. I am also a recent ANGIN angel.

So I started out majoring in communications; at first I didn’t really look into the agriculture industry. I was thinking more on the lines of banking and consulting. But once I came back to Indonesia, I noticed how many issues there really are, especially in the fields and with farmers. They’re the ones who are supposed to have a better quality of living than those of us living in the city because they are the ones who produce everything. Things we cannot live without, things that our are staples, like rice. It’s all their work, you know. Even right now, if you asked me to plant something like rice, I can’t do that. It takes real skill.

These farmers should be helped by us in the city, but they have no connections to urbanites. Their lack of a network means that they are inherently out of the picture – out of sight and out of mind – even when they play such an important role. We should really appreciate them more – their hard work, their skill, and the role they play in our society.

Why did you join ANGIN?

I joined ANGIN because I am a representative of my company and I wanted to get more in touch with the agri-startups in Indonesia. For example, there is a boom in agritech and I want to create partnerships and possibly invest in those kinds of startups. We are currently partnering with a few startups right now and we want to do more mentorship for them, since they may be relatively new on the agriculture business side. Maybe my company can contribute to their development.

I’m excited by how ANGIN is so connected with a wide variety of startups, especially on the agriculture side. ANGIN has a lot of portfolios and connections that could help startups be exposed to other companies. Maybe we can also get exposed to other fields other than agriculture for diversification.

Agriculture is oftentimes seen as a more traditional industry. What about it makes you, a young urbanite, become so excited about agriculture in Indonesia?

I think the new generation in Indonesia is starting to shift to a more metropolitan, urban lifestyle. All the farmers in Indonesia are starting to age or have already aged quite significantly, whereas their children and grandchildren are rarely carrying out the same jobs as they are. These farmers are seeing a shift away from what they hold so dearly to. So, I think in the long run we clearly need more farmers, even though there are bound to be technological breakthroughs in the field of agriculture like vertical farming and smart farming. At the same time, there should be a we need to continue the traditional kind of farming that we all know for the sustainability of our food and the future of our welfare.

It’s important to live the life of an outsider to gain perspective and insight into what life is really like for different kinds of people. The farmers are all outliers and outsiders to us urbanites because they don’t have the kinds of privileges that we do. They live extremely modestly, they eat very modestly. Sometimes they don’t even wear shoes, sandals or slippers. They never wear shirts that are ironed. And despite this, they are confident in who they are.

How is it being a young woman in the agriculture space, which is predominantly male?

Yeah, when I first stepped into the field it was difficult. It was a major culture shock. When we are living in the city, we are living an extremely superficial life – and a very good life, because we can get all the things that we want with such ease. Things such as air conditioning are regarded to us as a given, but it’s never been a privilege on the field or in a village. Right now, female status in the field is very rare, and the sheer number of women working on the field is also very little. But despite these numbers, we females are capable of working in agriculture.

Even now, people look at me weirdly because I am female. For instance, I was the only female attending a farmers’ meeting; even my own team is mostly male. The men basically just kept staring at me and they didn’t want to talk to me at all. Honestly at first I didn’t know what to say to them either. So instead, I conducted more interpersonal and in-depth talks. These helped a lot. I basically used that ‘nurturing’ quality we all possess as women to understand the farmers better.

How do you get past that initial bias that people might have against females doing agricultural work?

I think right now I’m more confident in the field, because my attitude towards it all is, “Oh I’m female. So what? So whatever!” I’ve feel extremely comfortable and carefree in my gender because I want to make sure everyone knows that as females we can still be on the field, getting dirty. We don’t always have to wear nice clothes with our hair done, looking all tidy. It’s a lot about being down to earth and in touch with nature, which is something most people in the city never get to be.

Has there ever been a moment on the field that really validated the fact that this is your life path, that working in agriculture is what you want to do?

There was a moment when I was in the fields. We all had to take our shoes off and replace them with special boots. It was very tiring to get the plantation done. Even picking up the harvest is challenging – it is overall an extremely tough job. I had no idea it would be so hard. To put it simply, it was all just very hot, very humid, and very dirty. But it was really touching how the farmers were living such modest lives. They were very low-key, and yet they were still eager to do their underappreciated and highly tedious work. They are literally the epitome of hard work; they wake up extremely early, go to the farm, work the fields, and repeat this every single day.

What’s more, during Lebaran the farmers don’t even take a break. I know this because while I was on break, my WhatsApp group with the farmers was still extremely active. They would mention that they were watering the plants, or that they were planting new crops while the rest of the country was on vacation. Lebaran is literally their only break all year, and yet they choose to work because they were afraid of turning their back on their crops. That’s real dedication.

Do you have any role models in the agriculture industry?

I think, Siti Mudaya and Ibu Susi are big role models for me ecause they’re females and they’re extremely dominant in their fields. They’re both part of male-dominated industries, but they remain humble about how far they’ve gone and how much they’ve achieved. Another inspiring person is Ibu Noni from Blue Bird Group, who is also one of ANGIN’s angels. Indonesia is currently developing rapidly, and sometimes it seems like the older role models are fading away with time. But women like her innovate and manage to integrate themselves into the ever-changing world. An example of this is how Blue Bird merged with GO-JEK to create a taxi platform on the transportation application. This is fascinating to me, and I am constantly learning from them.

What advice do you have for other women like yourself who would like to join the agriculture space? The ones who are ready to get their hands dirty and get into the fields?

I guess the first thing I would advise these women is to not be shocked when you notice that discrimination still exists in this industry. And in terms of things that are more physical in nature, be ready to get into the soil and make sure you visit the fields. Getting your hands dirty is very important because that’s the best way you will be able to manage and control the projects you are working on. In terms of expectations, let go of the idea that working on the field will be anything like working in the city. You definitely won’t have an office life.

You’re young, you’re talented, you’re female, and you’re a part of this new generation of people who are really taking charge — people who are becoming angel investors. What message do you have for other young women like yourself who want to take on leadership roles?

I think more females should have a social impact and make a bigger difference by giving back to society. And especially in the agricultural industry. For me, it’s all about giving back. It is intrinsically very fulfilling. So, my message to other girls is that you should dream big, and as a female don’t fall into the stereotype of having a housewife life. Make sure you start working towards your goals early.

[RECAP] Teja Ventures x ANGIN – Gender Lens Investing: The Largest Arbitrage Opportunity Across Asia

Freeware Spaces was packed with startup ecosystem players on Tuesday, August 7th, mingling over dinner and excited to learn about a burgeoning topic: gender lens investing. One of ANGIN’s very own angels, Virginia Tan, the founder of Teja Ventures, spoke on the fine details of gender lens investment and why investors in China are blazing the way forward on this risk-mitigation, profit-friendly investment thesis. Joining her were accomplished speakers from the startup and VC space: Melina Subastian of Alpha JWC Ventures, Dea Surjadi of Golden Gate Ventures, and Florian Holm, former co-CEO of Lazada Indonesia.

Here are a few key takeaways from the event:

  1. Gender Lens Investment doesn’t just mean investing in female founders: You can invest in a male founder using gender lens as well. In fact, the entire founding team could be male. They just have to understand and effectively capture female users.
  2. Industries with largely women consumers are highly lucrative: And that doesn’t just mean period apps and baby diapers. Fintech and lending are words that people don’t necessarily associate with gender, but makes sense to view under a gender lens. After all, women and men borrow for very different reasons – women usually to provide for their families and increase the well-being of their communities. And because of this and other factors, repayment rates are higher amongst female borrowers. This boils down to risk management, plain and simple. Are most of your borrowers male? That becomes a risk. Female? You might have a higher chance of survival as a lender.
  3. The Chinese have gender lens investment down to an art: But funnily enough, “gender lens investment” is not a concept in China. Why? The Chinese are highly pragmatic and see business as business. If women-led businesses are less risky, if women-targeted industries are more lucrative, then money will naturally flow to these. It is already understood that, for instance, new mothers are some of the biggest spenders, and that women tend to spend heavily on education, for instance. That’s why edtech is hot in China. They just get it.
  4. The Indonesian market may be early, which means now is the time: Gender lens investment is a relatively new concept in many countries, Indonesia being no exception. While others are not looking, it is the perfect time now to jump in and start investing in industries and startups previously unconsidered or overlooked.

Both ANGIN and Teja Ventures would like to thank every single person for coming to our event. We are excited to host more events like these for our network, to start dialogues, and to encourage further mingling and connections to be made. Stay tuned for our next event!

About Teja Ventures:

Teja Ventures is the first venture capital fund committed to investing with a gender lens across Asia. It will focus on investing in companies in China and South East Asia, leveraging on synergies between the two geographies. In addition to objective investment criteria, the gender lens it employs targets businesses which are either women-led, focus on women consumer-led markets, or which create positive impact on women in the wider ecosystem. The fund will focus on investment opportunities in the financial inclusion / fintech, consumption, edtech and content economy verticals.

ANGIN’s Angel Investor: Pierre Martensson and Stig Traavik

Welcoming our new Angels, Pierre Martensson and Stig Traavik

Pierre Martensson

Pierre is the former SVP & Head of International Expansion at Tapad. He successfully managed complex turnaround operations of large organisations in the US, APAC, Europe and South Africa within the Industries of Big Data, Social Media, Ad Tech, Retail, FMCG, Digital Media, Direct Sales, Telecom and e-commerce. He has experience in being CEO and Managing Director of multiple companies across sectors.

Stig Traavik

Stig is the former ambassador of Norway to Indonesia and ASEAN.  He has 20 years experience on the highest levels of international affairs, including as Chief of Staff in the Norwegian Ministry of Foreign Affairs. Stig is also a former Judo Olympian and six times national champion. He is passionate about sports for all, currently coaching the Indonesian Paralympic Judo Team.

[UPCOMING] Angel Investing Legal Workshop by SIMFx & BANSEA

TICKETS: HERE.
Startups and investors are bound by legal agreements, from inception to IPO the legal terms are critical to the development of a company. Although counting on professional legal counsel is necessary, a good understanding of the main legal terms, mechanisms and documents is of great help when investments happen. An investment round, no matter how small, is more complicated than the typical contract, because it involves multiple parties and multiple agreements required by law.
Join BANSEA & SIMFx for an inclusive discussion on the legal aspects of angel investing. Following a broad overview of the legalities surrounding angel investing, participants will have the opportunity to join leading law firms for a fireside chat.
Agenda
6:30pm – Registration
6:40pm – Opening Remarks by SIMFx & BANSEA
6.50pm – Overview of Legal Aspects for Angel Investing
Speaker:
Mr. Azman Jaafar
Deputy Managing Partner & Founding Member of RHTLaw Taylor Wessing
7:10pm – Fireside Chat with Leading Law Firms
Moderator:
Mr. Azman Jaafar
Deputy Managing Partner & Founding Member of RHTLaw Taylor Wessing
Panellists:
Mr. Peter Doraisamy
Managing Director of Peter Doraisamy
Mr. Chia Ling Koh
Managing Director of OC Queen Street
Dr. Renee Kaddouch
Partner of Genesis Avocats Singapore
Mr. Alfred Chia
Partner of Squire Patton Boggs
7:50pm – Networking
9:00pm — End

[RECAP] NextICorn International Summit 2018

ANGIN was honored to have attended the NextICorn International Summit 2018 from 9 – 10 May 2018, held at the Bali Nusa Dua Convention Center. The summit was opened with amazing speakers including Chairman of Indonesia’s Investment Coordinating Board Thomas Lembong who spoke directly to the audience on the administration’s dedication to supporting the startup ecosystem, the managing director of Sequoia Capital India Sheilendra Singh, and Minister of Communications and Information Technology H.E. Rudiantara. An all-star panel with Indonesian Unicorn CEOs comprised of GO-JEK’s Nadiem Makarim, Traveloka’s Ferry Unardi, Tokopedia’s William Tanuwijaya, and Bukalapak’s Achmad Zaky then spoke about Indonesia’s startup potential in a digital age and their own unique journeys and experiences.

The rest of the conference bustled with activity. In the main hall, speakers from different industry verticals such as fintech, health, and education spoke to concentrated audience members. Meanwhile, hundreds of meetings were occurring between hopeful startups and investors in hallways, meeting rooms, and lunch tables. In total, 70 curated and selected seed to Series C startups were present, including ANGIN’s own portfolio company, Taralite.

ANGIN is delighted to have partaken in such a meaningful and productive conference. We are grateful to have reconnected with so many familiar faces and meet many new ones, and highly anticipate next year’s NextICorn summit.

[UPCOMING] Shinta Kamdani to speak at the Cartier Women's Initiative Awards

We are proud to announce that our very own Shinta Kamdani will be a speaker at the Cartier Women’s Initiative Awards Ceremony due to take place on April 26 at Capella, in Singapore.
Founded in 2006 with INSEAD business school and McKinsey & Company, the Cartier Awards select each year six talented women entrepreneurs, one from every region of the world. The competition aims to support creative, financially sustainable and responsible women-led businesses in all countries and across all industries. Here is a presentation video to give you a glimpse of who they are and what they do.
This year, for the first time, Cartier is partnering with TED to celebrate women and bold ideas.
We have no doubt that Shinta’s business achievements and personal journey will help inspire a new community of women entrepreneurs. ANGIN continues to support empowering women in their entrepreneurial and career journeys, and hopes that this event will help catalyze more women to exhibit qualities of leadership, strength, and resilience.

[RECAP] UBS x ANGIN Empowering Women High Tea

On 4 April, 2018, ANGIN co-hosted a high tea event with UBS Unique. The event was a chance for attendees to gain greater insight into the world of impact investing and gender-lens investment. Tracey Woon of UBS moderated the discussion – two presentations and a fireside chat with James Gifford, CIO & Head of Impact Investing at UBS, and Shinta Kamdani, CEO of Sintesa Group and Founder of ANGIN.
James Gifford spoke of the many ways that the next generation could have an impact on investment activities, as well as how the world is changing to reward sustainable businesses and punish ones that do harm. Meanwhile, Shinta Kamdani gave a presentation on the strides that ANGIN has taken in women’s empowerment: from the Women Fund to empowering women through Women’s Spotlight, ANGIN has shown a track record of dedication to supporting women throughout the Indonesian startup ecosystem.
The high tea was filled with buzz, networking, and conversations on responsible and sustainable investment. We hope that some of the discussions at the event will lead to concrete actions in both the Indonesian and Singaporean investment ecosystems. ANGIN is looking forward to hosting more productive and insightful events with our friends at UBS Unique in the future.

[RECAP] Universitas AMIKOM Yogyakarta x ANGIN

On April 9 – 10, Meredith Peng from Connector.ID and Nadira Dinisari from ANGIN were invited as guest speakers at Universitas AMIKOM Yogyakarta Career Day. Bringing up the subject on how to be a successful entrepreneur and professional, Meredith talked about how entrepreneurship can be done in all aspects of life while Nadira shared her hacks on how to be more happy at work.

Meredith’s talk pointed out ten ways to be entrepreneurial in everyday life: from staying mindful to constant learning, realizing your founder-market fit and not shying away from mentorship and help. These tips can be applied not only to entrepreneurs but really anyone who has an entrepreneurial mindset in constantly creating and taking ownership of one’s life.

The strongest point from Nadira’s discussion is how important it is to be grateful even for the little things. A grateful heart will lead to being happy in work, and subsequently in life. Counting our blessings is one of the sure fire way to be grateful each day. Another important point is that it is important to know why you’re doing what you’re doing. It serves as a purpose that would always guide you back to your path, be it in your career or life in general.

Aside from speaking to the soon-to-be graduates, Meredith and Nadira also met with promising startups and entrepreneurs that are part of the AMIKOM Incubation Program. It was refreshing to see the ideas that these university students have come up with. As ANGIN, we hope that this is only the start to mark our presence there. In the future, we aim to expand our ecosystem to Yogyakarta and other cities in Indonesia as well.