<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[The Malaysianist: Hype Autopsy]]></title><description><![CDATA[Private equity, venture capital and tech. Non-mainstream.  ]]></description><link>https://www.themalaysianist.com/s/hype-autopsy</link><image><url>https://substackcdn.com/image/fetch/$s_!CgYR!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F38e3cb66-b887-43fd-98a6-99a90e061032_818x818.png</url><title>The Malaysianist: Hype Autopsy</title><link>https://www.themalaysianist.com/s/hype-autopsy</link></image><generator>Substack</generator><lastBuildDate>Mon, 17 Aug 2026 22:04:47 GMT</lastBuildDate><atom:link href="https://www.themalaysianist.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[The Malaysianist]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[themalaysianist@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[themalaysianist@substack.com]]></itunes:email><itunes:name><![CDATA[Emmanuel Samarathisa]]></itunes:name></itunes:owner><itunes:author><![CDATA[Emmanuel Samarathisa]]></itunes:author><googleplay:owner><![CDATA[themalaysianist@substack.com]]></googleplay:owner><googleplay:email><![CDATA[themalaysianist@substack.com]]></googleplay:email><googleplay:author><![CDATA[Emmanuel Samarathisa]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Are Malaysia's PE/VC wells dry? ]]></title><description><![CDATA[And an update to our long-suffering drone firm Aerodyne.]]></description><link>https://www.themalaysianist.com/p/are-malaysias-pevc-wells-dry</link><guid isPermaLink="false">https://www.themalaysianist.com/p/are-malaysias-pevc-wells-dry</guid><dc:creator><![CDATA[Emmanuel Samarathisa]]></dc:creator><pubDate>Mon, 17 Aug 2026 18:47:37 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!fSOT!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fca00003d-80c2-4a11-961d-fdb39508aafc_1999x2000.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Hype Autopsy covers venture capital, private equity and tech. Non-mainstream stuff, but equal parts exciting, comical and tragic. </em> </p><p>This was supposed to be newsletter no.2 yesterday but life got in the way. Still, I&#8217;ll show up anyway.</p><div><hr></div><p><span>You&#8217;re reading </span><em><strong>The Malaysianist</strong></em><span>, a newsletter on money and power. Fuel up with a monthly, annual or founding member plan.</span></p><p>P.S. The founding member tier doesn&#8217;t have a ceiling; you can go as high as you want &#8212; it&#8217;s the ultimate supporter badge that comes with an annual report.</p><p><span>It&#8217;ll also grant you access to </span><em><a href="https://www.themalaysianist.com/s/brainjam">Brainjam</a></em><span> with bangers such as this &#128071;&#127997;</span></p><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;bc288171-9d0d-4aaa-b47f-24b9deea4ea9&quot;,&quot;caption&quot;:&quot;Happy Chinese New Year, for those who are celebrating. For those who aren&#8217;t, here&#8217;s to some quality downtime.&quot;,&quot;cta&quot;:null,&quot;showBylines&quot;:true,&quot;showDescription&quot;:true,&quot;showImage&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Brainjam #15: Underneath the annual reports&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:934275,&quot;name&quot;:&quot;Emmanuel Samarathisa&quot;,&quot;bio&quot;:&quot;Made in Malaysia. Long-suffering newsman. Editor of The Malaysianist newsletter. &quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/3ac5fc30-1917-47b8-9ccd-a2eb512c2e02_400x400.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:100}],&quot;post_date&quot;:&quot;2026-02-17T04:14:57.549Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!kq7U!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57562b67-66d7-4e8d-a4c7-d98fb5eec9bf_2779x2000.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://www.themalaysianist.com/p/brainjam-15-underneath-the-annual&quot;,&quot;section_name&quot;:&quot;Brainjam&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:188214481,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:2,&quot;comment_count&quot;:0,&quot;publication_id&quot;:12453,&quot;publication_name&quot;:&quot;The Malaysianist&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!CgYR!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F38e3cb66-b887-43fd-98a6-99a90e061032_818x818.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><p>And, yes, you can upgrade subscription tiers at any time.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.themalaysianist.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.themalaysianist.com/subscribe?"><span>Subscribe now</span></a></p><p>Mulling a group purchase for family, friends and colleagues? I&#8217;ve got you. Group subscriptions come with discounts, too.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.themalaysianist.com/subscribe?group=true&amp;coupon=a5e40cc9&quot;,&quot;text&quot;:&quot;Get 20% off a group subscription&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.themalaysianist.com/subscribe?group=true&amp;coupon=a5e40cc9"><span>Get 20% off a group subscription</span></a></p><div><hr></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!fSOT!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fca00003d-80c2-4a11-961d-fdb39508aafc_1999x2000.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" 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src="https://substackcdn.com/image/fetch/$s_!fSOT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fca00003d-80c2-4a11-961d-fdb39508aafc_1999x2000.jpeg" width="1456" height="1457" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ca00003d-80c2-4a11-961d-fdb39508aafc_1999x2000.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1457,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:375476,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.themalaysianist.com/i/211577197?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fca00003d-80c2-4a11-961d-fdb39508aafc_1999x2000.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!fSOT!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fca00003d-80c2-4a11-961d-fdb39508aafc_1999x2000.jpeg 424w, https://substackcdn.com/image/fetch/$s_!fSOT!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fca00003d-80c2-4a11-961d-fdb39508aafc_1999x2000.jpeg 848w, https://substackcdn.com/image/fetch/$s_!fSOT!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fca00003d-80c2-4a11-961d-fdb39508aafc_1999x2000.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!fSOT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fca00003d-80c2-4a11-961d-fdb39508aafc_1999x2000.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><span>Dealmakers are parched. It&#8217;s a drought in the Malaysian VC/PE scene with some already writing off VC for now.</span></p><p><span>&#8220;VC&#8217;s dead, bro,&#8221; one industry source tells me.</span></p>
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