As a global recession looms, inflation rises and geopolitical tensions mount, investors are sitting on billions of dollars worth of unallocated capital — or dry powder. But these market conditions are ones early-stage investors should be taking advantage of, Thomas Tsao co-founder of Pan-Asian venture capital (VC) firm Gobi Partners told DealStreetAsia in an interview.
Gobi Partners, founded in 2002, has $1.5 billion in assets under management with a footprint that covers Northeast Asia, Southeast Asia, South Asia, and the Middle East. Its portfolio companies include unicorns such as Animoca Brands, Airwallex, Carsome and WeLab. It has also invested in GOGOX and Prenetics, both of which made their public market debuts this year.