Exclusive: Need to create Vietnamese version of Silicon Valley: 500 Startups’ Eddie Thai

US-based accelerator and investment fund 500 Startups, which just launched a dedicated $10-million fund for Vietnam, is targeting 150 investments, at an average 50 deals a year.

“We estimate 1,000 startups, maybe even more, coming online every year. So for us to make 150 investments in the next few years, say three years, we need to think of 50 good companies that we can invest per year. So, 50 out of 1,000 is not a too high percentage,” 500 Startups investment partner Eddie Thai told DEALSTREETASIA on the sidelines of the recent Saigon Tech Startup Fest.

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