When a VC's F1 party draws investor ire
Golden Gate’s bash sends the wrong signal, some say.
I’m going to kick off Southeast with a VC-related story. And then the Philippines makes a debut where I unpack a billion-dollar flood-mitigation scandal.
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During the first week of October, Singapore-based venture firm Golden Gate Ventures (GGV) organised an invite-only F1 Founders Rally.
It was a three-day networking programme timed to the Singapore Grand Prix, bringing together founders, investors and corporate leaders, with sessions including a limited-partner/investor track (LPs are the fund’s own investors) and race-weekend gatherings.
Some investors in GGV’s funds were unimpressed, questioning the firm’s priorities and saying the optics were poor.