How GoTo's CEO helped the firm take its first profitable step

More: Alteria Capital closes a portion of its third fund and VinFast gets a strong head start in Thailand. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - How GoTo got its [first quarterly profit]( - Golden Gate Ventures’ new COO - Other newsy highlights such as Alteria Capital finalizing the venture debt portion of its third fund and VinFast’s lightning-quick start in Thailand --------------------------------------------------------------- Hello {NAME} I’ve taken up several leadership positions when I was younger. It always feels strange at first when people look to you to make a decision, knowing that the path you choose can strongly influence those around you. In my younger days, I don’t think I fully grasped the scope of this responsibility. It wasn’t just about making decisions for other people, but also being responsible for their welfare. As such, I made some mistakes, and I had to learn the hard way that leadership also meant that the buck stops with you. Having experienced just a tiny bit of what being a leader entails, I can get a glimpse of what it would be like amplified 10x or 100x in the context of company CEOs. Suddenly, you’re not just affecting a dozen or two people, but potentially hundreds or even thousands of workers whose livelihoods depend on you. That’s why after reading today’s premium story, I’ve gained a lot more insight into - and respect for - Patrick Walujo, CEO of GoTo Group After some grueling efforts, the Indonesian firm has finally posted its first profitable quarter. Read on to find out how Walujo played a significant role in that achievement. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [GoTo CEO delivers first quarterly profit, but will he stay on?]( Patrick Walujo’s strategic prowess sealed a game-changing deal with TikTok, yet questions linger about his dedication to GoTo’s future. --------------------------------------------------------------- TRENDING NEWS [Golden Gate Ventures elevates partner to COO]( Angela Toy, who started at the VC firm as employee number two, has held multiple positions there, most recently as partner for portfolio growth. [VinFast charges into Thailand with 15 dealer partnerships]( This follows the Vietnamese EV maker’s expansion into Indonesia in February 2024, where it partnered with five local dealers. --------------------------------------------------------------- TECH IN ASIA REGIONAL FOUNDERS MEETUP: SINGAPORE Experience a bigger and better Founders Meetup on April 24 We took the best of our 2023 Founders Meetup series and injected it into our all-new agenda this year. But don’t just take our word for it - join us at Hopscotch on April 24 to experience the excitement firsthand. Here’s a sneak peek: Get the secret sauce from esteemed VCs on navigating the tech winter and have exclusive face time with them to find solutions to your funding challenges. Hurry - tickets are selling fast. [Secure your seat now before it’s too late!]( ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Southeast Asian startups that raised funds over 18 months ago]( The common wisdom suggests that having at least 18 months of runway provides a sense of security for startups to continue shipping at full speed. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asia’s signature events [here](. - [Saigon Summit 2024 : Charting Vietnam’s Tech Future on May 30]( We know that fundraising is a daunting task. So let us take the stress and guesswork out of the process and turn it into a rewarding experience by opening doors to the right investors at Investor Hour. It’s time to convince them that investing in your startup isn’t a smart move - it’s the smartest one. 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