In 2023, 80% of VC funding in Southeast Asia went to Singapore and over 10% to Indonesia, leaving the paltry remains to Malaysia.
Corporate lawyer Joel Shen thinks Malaysia "is not big enough to be sexy, and not rich and connected enough to act as a sandbox for start-ups building for the region". Startups therefore cannot enjoy the luxury of a long-term growth model; instead, they are forced to seek quick profits above all else.
The tide, however, seems to be turning.
Read more here or by clicking on the PDF below.
Article by Su-Lin Tan, South China Morning Post
Malaysia is awash with profitable start-ups... _ SCMP
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