Following the money... in circles
Circular logic, jumping ship, and defence parasites.
It’s the season for multi-topic newsletters. I’ll just go with the flow with another News, Ideas and Everything in between.
Today’s issue has some:
➜ PE/VC stuff, including talent jumping ship to Khazanah Nasional.
➜ Defence procurement drama.
The Malaysianist runs on subscriptions. Fuel up with a monthly, annual or founding member plan.
P.S. The founding member tier doesn’t have a ceiling; you can go as high as you want — it’s the ultimate supporter badge.
It’ll also grant you access to Brainjam with bangers such as this 👇🏽
And, yes, you can upgrade subscription tiers at any time.
Mulling a group purchase for family, friends and colleagues? I’ve got you. Group subscriptions come with discounts, too.
Keeping track of Jelawang Capital’s recipients can be a funny exercise.
The VC arm of sovereign wealth fund Khazanah Nasional recently issued a statement calling for newer applicants to manage its money by investing in startups.
In May last year, there were five maiden names announced. Three of them local: Vynn, First Move and Kairous. The other two were overseas ones: AppWorks and Granite.
Then just a few days ago, Jelawang made a call for newer applicants. This time round, unlike the first batch, there’s no deadline.
So you can apply at any time and the Jelawang committee will then decide whether to invest with you or not.
Now, somewhere in between these two announcements, a VC firm emerged as supposedly being supported by Jelawang.