Welcome to the second episode of our Skydeck mini-series “Out of the Valley.” Today’s episode starts in Jakarta, Indonesia, in the late 2000s.
The city looked nothing like Silicon Valley in those days. There were very few VC-backed startups and not much of an entrepreneurial ecosystem. It was what author and venture capitalist Alex Lazarow would define as a “frontier market”—a place where entrepreneurs face significant constraints on funding, infrastructure, and talent. A place where the Silicon Valley model of moving fast and breaking things—an early Mark Zuckerberg mantra—just doesn’t work. But that’s not necessarily a bad thing.
