Richard Armstrong: Thailand Startup Ecosystem Challenges, Creator Insights & Media Founder Transition to Venture Capital - E408

Richard Armstrong, Venture Partner at TA Ventures, and Jeremy Au discussed three main points:

1. 267,000 Instagram Followers Insights: Richard recounted his formative years growing up in multiple countries leading to his interest in sharing his personal journey. He debunked common myths about media creators: emphasizing that success in the space requires more than just creativity, but also demands business acumen and a strong support system. He highlighted that despite popular beliefs, most creators are not wealthy and that success in the media follows a power-law curve where only a small percentage of top earners can earn a good living.

2. Founder Transition to Venture Capital: Richard shared about his first ventures in e-commerce and food waste management, and why he eventually moved into angel investing and eventually into venture capital. He highlighted the stark differences, particularly the challenges of accessibility and the importance of networking within the VC community. His journey was motivated by the desire to leverage his understanding of emerging markets and bridge the funding gap faced by startups in these countries.

3. Thailand Startup Ecosystem Challenges: Richard pointed out that despite Thailand’s strong GDP, the startup ecosystem remains underfunded relative to other Southeast Asian peer countries - particularly at the seed stage. He discussed his optimism for potential growth in the next two years, driven by investor interest, improved market conditions and more focused government support.

Jeremy and Richard also talked about the global impact of regional strategies, the importance of building partnerships vs. focusing solely on disruption, and the role of personal background and global exposure in enhancing VC effectiveness.

Watch, listen or read the full insight at https://www.bravesea.com/blog/richard-armstrong

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