East Ventures on Instagram: "East Ventures was the eighth most active VC in the world in Q3 of 2018, according to Crunchbase. It's a surprising yet significant achievement for the Indonesian VC. . Indonesia may have its issues and inefficient processes, but these problems have given local startups an edge over other countries. After all, they're ripe opportunities for startup founders to tackle through innovation and technology. . Two such issues/opportunities are Indonesia's: . - Huge population - Geographical complexities, because Indonesia is an archipelago country that consists of 17,000 islands . This convergence of opportunity and homegrown talent has made Indonesia home to the most unicorns in Southeast Asia, with founding teams that are mostly local people. . However, while we celebrate these victories, there is also no room for complacency. In the digital world, the 'local' label does not matter. The winner is simply the product that can solve problems with the shortest, cheapest, and fastest time, without compromising quality. Therefore, local startups should use their knowledge and culture as a competitive advantage. . Indonesian startup founders have proven that they can solve complex problems on a larger scale. With real advantages, it's time they step ahead of the competition. . Link: bit.ly/EVstartupindonesia . #eastventures #startup #venturecapital"