Vertex focuses on founders not market amid economic turmoil

More: Coinbase receives MAS signoff, and Airwallex’s latest funding round. [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](. --------------------------------------------------------------- Hello {NAME} I’m a big fan of Tech in Asia’s [Recession Run series]( which provides insights into how experienced high-profile investors and VCs are navigating the current macroeconomic storm. The Q&A series offers a holistic picture of the strategies that the dominant VC firms adopt in the region and where investment opportunities exist in the startup ecosystem amid rising inflation, interest rate hikes, mass job cuts, and the slowdown in venture funding. So far, Tech in Asia has covered the views of [East Ventures]( [Sequoia]( [500 Global]( [Antler]( and [Quest Ventures](. It is fascinating to analyze their contrasting perspectives and current investment plans. For instance, Jussi Salovaara, co-founder and managing partner for Asia at Antler, sees the firm almost doubling its investments across the region, while East Ventures’ managing partner, Roderick Purwana, anticipates a bit of a slowdown. Today’s featured piece is the latest installment of the Recession Run series, where Pui Yan Leung, partner at Vertex Ventures Southeast Asia and India, takes the hot seat. She shares her views on nosediving startup valuations, the market correction, and is at pains to highlight the importance of founders in Vertex’s investment strategy. - Shravanth P.S.: If you’re an entrepreneur looking for funding, [fill out this form]( to get your company featured on our list of fundraising startups.  ---------------------------------------------------------------  THE BIG STORY [Recession Run: Vertex Ventures says these sectors will thrive in a downturn]( Vertex Ventures partner Pui Yan Leung shares her observations on the current economic downturn and her advice to founders.  --------------------------------------------------------------- TRENDING NEWS [KoinWorks names ex-ABN Amro exec as CFO]( Frank Van Deur will develop funding and forecasting strategies as well as oversee KoinWorks’ financial management. [Australia’s Shippit acquires SG logistics firm in $11m deal]( Following the deal, Shippit will double down on growth in Southeast Asia by leveraging Luwjistik’s tech, expertise, and local network. [Airwallex raises $100m, keeps $5.5b valuation]( Its CEO Jack Zhang said that the firm remains “well capitalized” despite the current market conditions. [Malaysia’s $100m startup funding in doubt as elections loom]( The sum was part of the country’s 2023 federal budget. [Thai ecommerce enabler aCommerce to delay IPO to next year]( ACommerce planned to sell 1.6 billion shares to raise between US$250 million to US$300 million, the GlobalCapital Asia report noted. [Coinbase gets MAS nod for crypto services]( Since calling Singapore a tech hub last year, Coinbase has grown its R&D team to be one-third of its workforce in the city-state. ---------------------------------------------------------------  TECH IN ASIA PODCAST Vibe Check: Coming back from the brink of oblivion Working in the tech and startup world can be an all-consuming affair. It’s not uncommon to hear of missed meals, insufficient sleep, and a complete disregard for one’s mental well-being. But taking those too far could lead to dire consequences. “I got on top of, like, the 20-something floor again,” shares Calm Collective Asia co-founder and CEO Sabrina Ooi. “And I just said, hey, this is where you'll find me and ... yeah, I wrote a note and said, like, yeah, I'm done, I'm out. Thank you for everything and whatnot.” In the second episode of Tech in Asia*’s new podcast miniseries *Vibe Check: Mental Health in the Startup World, Ooi recounts her mental health journey, warts and all. [Listen to her story here](. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Senior Software Engineer (Remote)]( at AwanTunai Jakarta, Indonesia - [Associate Account Manager]( at Ematic Solutions Ho Chi Minh City, Vietnam - [Senior Software Engineer]( at 2359 Media Bandung, Java, Indonesia - [Customer Success/Retention Manager]( at GGL Life Surabaya, Indonesia - [Backend Engineer]( at Bang Jamin Jakarta, Indonesia - [Environment Concept Artist (Agate)]( at Mythic Protocol Bandung, Java, Indonesia --------------------------------------------------------------- [ADVERTISE]( | [SUBSCRIBE]( P.S. 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