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Tiago Alves brings near a decade of expertise of fund-raising, go-to-market technique improvement and product innovation to advance the agency’s FirstIN technique to construct the area’s subsequent unicorn
SINGAPORE, Could 3, 2022 /PRNewswire/ — Golden Gate Ventures, a enterprise capital fund in Southeast Asia based by Silicon Valley natives, at the moment proclaims its first Entrepreneur in Residence, Tiago Costa Alves, because the agency deepens its portfolio development technique for what’s calls the ‘1.5 – 2nd technology’ of founders rising in Southeast Asia.
Because the Southeast Asia startup ecosystem enters a brand new decade, attracting extra sources of capital because it beneficial properties international recognition for its standing as an innovation hub, there may also be a pointy rise in startups vying for the eye of buyers and companions within the subsequent decade. Whereas the eye was centered very a lot on funding assist within the final decade, the subsequent decade will probably be about VCs offering extra holistic assist to the ‘1.5 – 2nd technology founders’. Golden Gate Ventures’ appointment of its first Entrepreneur in Residence is aimed exactly at offering a deeper degree of assist for this new breed of founders.
Part of the agency’s portfolio providers platform technique, which it bolstered with the announcement of Accomplice Angela Toy final 12 months, the Entrepreneur in Residence function has been structured to assist entrepreneurs win in a brand new surroundings that has each elevated alternatives but in addition larger pressures and threats.
“The Southeast Asia startup ecosystem has come into its personal within the final decade. However with that maturity comes completely different expectations: first, for founders to guide innovation and create new enterprise fashions; second, for founders to construct startups that may develop into the subsequent technology of multi-nationals; third and most significantly, the world is seeking to SEA to create a world game-changer. This requires a special degree of assist altogether. We’ve redesigned our portfolio development technique grounded in these very completely different targets. The Entrepreneur in Residence place is a key a part of the technique,” stated Angela Toy, Accomplice for Portfolio Progress.
To this finish, Tiago Costa Alves, previously Vice President Asia Pacific at main cellular app market Aptoide, suits the invoice, having spent near a decade on Aptoide’s startup improvement journey. Build up its go-to-market technique, driving two profitable rounds of fund-raising, establishing strategic partnerships with main international smartphone gamers like Huawei, Xiaomi, Vivo, and Oppo, driving product innovation, and hacking income development have been all in a day’s work for Alves. He combines this expertise with a strategic eye for advertising and marketing and a deep understanding of SEA’s distinctive cultural dynamics.
“Our founders are already working at a a lot increased degree than earlier than – a few of them are constructing their second and even third startup; they’re well-connected throughout the area; and so they perceive the altering market dynamics. Our selection of Entrepreneur in Residence, due to this fact, should be capable of function at an already accelerated tempo. We imagine Tiago has the right combination of expertise, massive imaginative and prescient and an incredible knack for problem-solving to problem our founders and assist them stretch their concepts into new areas. Tiago may also profit from Golden Gate Ventures’ in depth connections and deep assets to assist him discover his subsequent enterprise. We look ahead to being that first institutional investor cheque into the subsequent game-changer throughout the tech startup area past the area,” stated Vinnie Lauria, Founding Accomplice.
Lauria additionally predicts that SEA will see the EIR function develop in prominence within the subsequent couple of years because the ecosystem matures and there are extra founders with the correct depth of expertise to contribute to the ecosystem within the area’s subsequent wave of development.
“The Entrepreneur in Residence function is essential in constructing a dynamic startup ecosystem, particularly the place SEA is at when it comes to its improvement. It creates a special degree of connectivity that generates new concepts, options and improvements. That is precisely what is required for a extra mature ecosystem and extra established founders. The primary order of the day is for me to spend so much of time reaching out to founders each inside and past our portfolio. I’m trying ahead to cracking tough challenges and discovering the subsequent breakthrough in tech startups,” stated Alves, newly-appointed Entrepreneur in Residence, who has dedicated to spending time in startup hubs and co-working areas throughout the area as a part of his function.
Within the final decade, Golden Gate Ventures has been on a profitable streak with early investments into SEA’s rising cadre of startups which have gained unicorn and soonicorn standing inside the previous 18 months, amongst that are Xendit, Carousell, Codapay, Carro, Omise, Bukuwarung, Xfers and Fuse. This has been pushed by the agency’s FirstIN technique – as the primary institutional investor cheque into startups. As Entrepreneur in Residence at Golden Gate Ventures, Alves will play a key function in figuring out new investments for the agency, whereas the agency equally seems to be to create new alternatives in partnership with Alves, beneath the banner of its FirstIN method.
About Golden Gate Ventures
Golden Gate Ventures is a VC fund in Southeast Asia (SEA) based by Silicon Valley natives. Since 2011, Golden Gate Ventures has launched 4 funds and invested in over 60 firms. The agency focuses on investing within the rising shopper web class in Southeast Asia. Breakout firms embrace Carousell (cellular classifieds), CodaPay (cellular funds), Appota (Vietnam cellular publishing platform), Alodokter (HealthTech), Carro (Auto Market), and Xendit (Fee Processing).
Bio – Tiago Alves
Tiago’s entry into the startup world got here serendipitously in 2015 when he was given the chance to maneuver from a senior know-how function in Europe to hitch Aptoide in Asia Pacific in its early founding days. It was his first startup expertise in a totally new area and the calls for have been great, masking the breadth of fund-raising, product improvement, go-to-market technique improvement and development hacking.
Near a decade on, Tiago has efficiently led two rounds of fund-raising, a conventional USD 4m Sequence A spherical and an USD 15m ICO (Preliminary Coin Providing) in a report 5 months, developed strategic SaaS partnerships with a few of the world’s largest smartphone manufacturers – Xiaomi, OPPO, VIVO and Huawei, and drove aggressive development throughout quite a few Aptoide’s key in-app options surpassing the 100m MAUs (Month-to-month Lively Customers) milestone.
Previous to his startup expertise, Tiago hung out in each the US and Europe telco sector, in key enterprise and product improvement roles – at all times with an eye fixed on development hacking by way of new options and income fashions.
As Entrepreneur in Residence at Golden Gate Ventures, Tiago will probably be working intently with founders throughout strategic areas of fund-raising, partnership improvement and development hacking. He may also be working intently with Golden Gate Ventures’ companions to establish potential portfolio firms beneath the agency’s FirstIN technique to be the primary institutional investor cheque into startups, as he scouts for his subsequent enterprise.
Tiago holds an MBA in Tech Administration from the College of San Francisco, a Masters in Mandarin Chinese language from the Beijing Language and Tradition College in China, and a Bachelor’s in Software program Engineering from the College of Macau.
Having lived and labored throughout three continents, Tiago is a pure linguist and is fluent in Portuguese, Spanish, Mandarin and English. For kicks, Tiago enjoys enjoying Rugby on the weekends and taking good care of his Betta fish assortment to unplug.
SOURCE Golden Gate Ventures
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