Indonesia's New VC Rules Raise Foreign Investor Concerns
Tech in Asia reports none of the foreign venture firms met the initial licensing deadline.
TLDR
Tech in Asia posted that Indonesia’s new VC licensing rules are raising concerns among foreign investors. The outlet stated that none of the foreign VCs with representative offices had complied after the first deadline, according to its sources. A linked article on the site says the latest rules add fresh friction to an already challenged startup ecosystem. Foreign investors are questioning what comes next.
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