Bonzom: Repeat Singapore founders intentionally take smaller rounds at lower valuations
Arnaud Bonzom · VC AMA with SaaStr CEO Jason Lemkin and Black Mangroves MD Arnaud Bonzom at SaaStr APAC 2023 · May 18, 2023 · at 4:13
Arnaud Bonzom describes observing experienced Singapore founders choosing smaller rounds to avoid the trap of inflated valuations in subsequent financing rounds.
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“I'm seeing now, like, people that are building their second or third company here, even if one of them got an exit with Google here in, in Singapore they're only raising one, 1.5 million at an eight to ten million valuation, where they can, even if today still raise five million at a twenty-five million valuation, but they don't, because they know that is going to be very difficult for them in one or two years down the line, because they have raised too much money at a too high valuation.”
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