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He was introduced through mutual friends to Highland Capital. At the time consumer internet venture capital was still suffering from the collapse of the Tech Bubble. But it was an attractive time to enter because the successful internet companies were scaling and in need of capital. 11:40-14:15). 37:00-40:30).
Register Asian investment specialist Fullerton has successfully closed its first round of fundraising for a Thai direct private equity strategy at $100 million. The strategy seeks to invest in eight to 12 mid-sized companies in Thailand. Eventually, the strategy seeks to secure returns through a sale of the portfolio company or an IPO.
That strategy led to the company’s tagline of “Invest in themes, not memes.” The move was in line with its initial go-to-market strategy, which is to target college students, including athletes and non-athletes, with the expectation of making ambassadors out of influential people on campus.
While our own Anthony Ha did an inimitable job covering the Pico round, I got on a Zoom call with the company, as well, as their new capital came with a relaunch of sorts that I wanted to better understand. How can they pursue a more digitally enabled strategy without outsourcing their customer relationship to a third party?
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