'Everyone Is Scared' So $1 Billion Venture Fund Hunts for Bargains
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Venture capital firms are pulling back across the globe, slashing investments in startups out of concern their deals may never pay off. Chua Kee Lock thinks it’s the perfect time to move in the opposite direction.
Chua runs Vertex Venture Holdings Ltd., Singapore’s largest venture capital firm with $1 billion under active management. He is stepping up investments this year to take advantage of declining valuations for startups. He estimates he can buy stakes for as little as one quarter the prices from last year.