Jixun Foo on LinkedIn: Truly appreciate the honor and recognition 🙏 (2024)

Congratulations to our nextgen tech winners and partners 💪

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I am thrilled to be once again recognized on the Forbes's prestigious Midas List! Also a recognition for our team at Granite Asia!A heartfelt thank you to the incredible founders we've had the privilege to invest in—your innovation and drive inspire us every day. And to our investors, your trust and support make our journey possible. Here's to continued success and many more milestones ahead! 🚀#GraniteAsia #ForbesMidasList #Gratitude #Investment #Leadership #Innovation #Success

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Beginning of a new phase of our journey through Asia…

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Continuing on with the Granite journey…a new chapter 😊

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I have always been a believer for leveraging technology to improve access to quality #education. In Southeast Asia, one of the key ways to building a more equitable and inclusive society is through better access of quality education. Which is why I was immediately drawn to the story and mission of Ruangguru. The Indonesian edtech company, founded by Adamas Belva Syah Devara and Iman Usman, has made huge strides serving millions of students in the region since 2014. Not long ago, Dimi 新祥 and I had a great catch-up with Belva, where we had a candid discussion on how his mom inspired him to build Ruangguru, learnings from difficult times, and why he picked GGV as one of the company's key investors. Check out the full interview:

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As we go into the holiday season, our team at GGV Capital put together top trends that we believe will shape #2023. Here's my take: 2023 will be a challenging year for exits—but a great time to invest.Macroeconomic uncertainties continue to loom over the financial markets. Central banks will have their hands full battling inflation in the U.S. and Europe. As China's “zero COVID” policy ends, we can expect to see a surge in COVID cases, making the road to economic recovery a bumpy one. Supply chain disruptions are also likely to persist.📊Tough for exitsIt will be a tough year for VC exits as financial markets continue to be volatile. We may see fewer blockbuster IPOs as money managers struggle to reconcile the valuation gap between private and public markets. Profitability will regain its weight in investors’ decisions with valuation return to fundamentals. Tightening anti-trust laws may also make it harder for big companies to make large acquisitions.💰Great to investAs the economy slows down, there will be a greater focus on operational efficiency, driving digitalization across industries. Budgets in big corporations will shift from growth-driven categories to cost-saving ones, benefiting startups that build tech-enabled tools—this accounts for more than half of GGV’s portfolio companies.Capital will remain expensive. Great startups with solid fundamentals, however, will emerge in a tight funding environment. Flat rounds or down rounds will be normal. Both make it easier and cheaper for VCs to invest.📈Efficiency, efficiency, efficiencyFor founders, this is a year to prioritize efficiency over growth. Benchmark yourself with your peers and your last year's self on key indicators of your industry.Calculate your burn, and make sure you have more than 12 months of runway. If you need to do layoffs, do it in one go. By focusing on efficiency, we believe you can ride out the market turmoil with good fundamentals and succeed in the long run.Full article here: https://lnkd.in/gxGuwrSx#BigIdeas2023#VCPredictions#startups#founders #economy #capitalmarkets

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Always great to spend time with Anthony Tan. 😊

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We at GGV Capital are very lucky to have these exceptional women leaders. I am proud to call them partners. Jenny Lee Jennifer Holmstrom Lily Cao #IWD2022 #womenleaders

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A heartfelt congratulations to Grab's successful listing today! As one of Grab's earliest investors and a long time friend of Anthony Tan, I am very proud to see how far he has come on his journey to transform Grab from its a local ride-hailing app into a regional super app.To commemorate this special day, I look back on an interview I did with GGV Capital team back in 2019. In this interview, I reflected on how we met Anthony, why we decided to lead its series B, and the signal and noise of ride-hailing sectors back then.I am grateful to have had the opportunity to join this journey for Anthony, Grab and Southeast Asia. I look forward to continuing to walk down this path with Anthony and the Grab team. #DrivingSEAForward

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