We have a midweek brief: A quickie on Jelawang Capital’s first batch of recipients announced yesterday, plus a leftover from the report I used for June’s Mavcap misfire piece — those aggressive put options slapped on founders who took government-linked moolah™.
But, first, the usual ICYMIs:
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First up, The Malaysianist readers will know that VC firms First Move and Vynn Capital were earmarked for Jelawang Capital money as part of its Emerging Fund Managers’ Programme (EMFP).
This has been confirmed.
Sources, you rawk!
The other inductee into the EMFP is Kairous Capital which has offices in Malaysia, Singapore and Hong Kong.
Meanwhile, Singapore-based Granite Asia and Taiwanese VC Appworks bagged allocations under Jelawang’s Regional Fund Managers’ Initiative (RMFI).
Was there anything new to the list, especially the EMP? The only “emerging” factor is that it took Jelawang months to announce a list of obvious names. Badumtsss.