Tren Pendanaan Startup Pasca Redanya Tech Winter

IDXchannel

Modal ventura mengungkap tren pendanaan startup sepanjang 2024. Mereka sepakat sektor dan inovasi teknologi tahun ini masih seputar kecerdasan buatan, energi terbarukan dan blockchain. Indonesia sebagai pangsa pasar teknologi akan banyak memanfaatkan teknologi AI baik di kalangan perusahaan, pemerintahan, dan masyarakat.

Transcript

00:00Welcome back with us, Pemirsa, and this time we're going to talk about the trend of startup funding when tech winter is down.

00:11Still with me, Prisa Sompodatu.

00:13And I'm Wiky Adria, and this time we're connected with Mr. Heru Sutadi, Director Executive Indonesia ICT Institute.

00:20How are you, Mr. Heru?

00:22How are you, Mr. Wiki, Mrs. Prisa, how are you?

00:25I'm great, thank you for joining us.

00:28Mr. Heru, I want to get a point of view from you.

00:32Is it true that tech winter is over?

00:35At the beginning of 2024, it was announced that tech winter was down,

00:40but then concerns about tech winter came back in the middle of the year.

00:45But from your point of view, is it true that it's over or not?

00:49Mr. Heru, what are the indicators related to tech winter?

00:53Yes, so the tech winter issue is quite a burden for startup developers.

01:00So if we look at 2021, the number of startup loans reached USD 4.6 billion.

01:11So USD 4.6 billion.

01:14Meanwhile, the decline is quite sharp.

01:17In 2024, it was only up to USD 1 billion.

01:22So it certainly hit a lot of startups, but on the other hand, it also gives a new chance.

01:31Because when the funding of venture capital goes down,

01:36it also opens up opportunities for startups to enter the stock market or IPO.

01:43If we look at 2024, the decline from USD 4.6 billion to USD 1 billion is quite noticeable.

01:51And someone said that in 2024, tech winter is a bit low.

01:57Yes, it's a bit low, but we can't say that it's already in a stable position

02:05and will continue to rebound.

02:09Because there are still a lot of things that will affect whether tech winter will happen again or not.

02:18Because if we look at it, for example, at that time, we were crowded.

02:21For example, it was also pushed by Russia, Ukraine, then in the Middle East, etc.

02:27But now, the new normal has already formed.

02:32And indeed, there is also a new trend when a lot of startups fall in value,

02:39even though there are also a lot of them that have not yet been established.

02:42On the other hand, this also gives new hope for investors in venture capital.

02:50Because it's cheap, some of them also buy it.

02:54Usually, when there is a crisis, there are also those who take advantage of it to buy startups

03:01that may still have potential in the future, but at a cheap price.

03:08It means that if tech winter is said to be declining,

03:12yes, but then venture capital is more selective for funding.

03:18In fact, the impact of tech winter itself is that there are a lot of startup valuations that then go down a lot,

03:23but then venture capital does it to chip in again,

03:26because it believes in the growth of the startup.

03:30And this is considered as an opportunity for the startup itself to grow even bigger.

03:38Yes, that's right. So, with a cheap price, a lot of people will buy it.

03:42In addition, there are a lot of startups that have done PHK, etc.

03:47So maybe now they are more efficient,

03:51and can also push the startup to survive and move forward.

03:58And indeed, now there is a new development in the world of technology.

04:03So even though the startup also chooses which is invested,

04:07which has a pretty good future, then the price is cheap.

04:11In addition, it also adopts new technology.

04:15As we know now, we adopt what we call 4.0 technology or revolution.

04:23Internet of Things, Data Analytics, Artificial Intelligence,

04:27and it turns out that a lot of venture capital investment goes to companies related to AI.

04:36This is also booming.

04:38Then there is also the financial sector, especially the financial sector that is not national,

04:44but the financial sector that is local or regional,

04:48this is also starting to be explored again.

04:52In addition, if we look at the issue of insurance,

04:57this is also developing for investors to enter startups like that.

05:04Maybe for those who ask, what is TechWinter?

05:08This is a challenge for the technology industry.

05:12Later we will go further.

05:15Yes, and we will be back soon.

05:20Thank you, Mr. Mir, for coming back with us.

05:22Still talking with the Executive Director of the Indonesian ICT Institute, Mr. Heru Sutadi.

05:28Mr. Heru, if we talk about TechWinter,

05:34a period full of challenges for the technology industry,

05:37what is the indicator if you say that it is already starting to shrink?

05:42Maybe an example of a case, Mr. Heru.

05:45In Indonesia, before that, almost every month,

05:48startups, both small and large-scale,

05:52the number of employees was quite large.

05:55If now in 2024, it is quite calculated.

05:59There are some who still do PHK,

06:02but not quite a lot and not often done.

06:06This means that the company has survived

06:09and is ready to welcome developments in the future.

06:13Secondly, yesterday we also discussed with the data center manager in Indonesia

06:19that now the capacity used or the demand for the provision of data center capacity

06:25also increases, especially with the presence of artificial intelligence.

06:29This also means that now new technologies such as AI

06:33also provide opportunities for new startups to emerge.

06:38And indeed, the presence of companies, for example, related to financial technology,

06:45yesterday it was from 300 companies,

06:49now it has reached 100 companies

06:51and the figure in a few months is quite stable.

06:55So, this is also an early indicator that

06:59maybe the trend of TechWinter has started to decline.

07:03Maybe there are a few bumps ahead,

07:05but it is estimated that by the end of this year it will be quite stable.

07:10So, in 2025, maybe the startup competition will start again more tightly.

07:16Okay, startup friends, maybe those who have just said,

07:18oh, now it has started to recruit again,

07:20and from venture capital also started to fund again.

07:24Earlier you mentioned several sectors that seem to be interesting from the point of view of venture capital,

07:29including those related to the internet of things,

07:31AI, insurance, and you also mentioned financial services

07:35which are based locally and regionally.

07:37Well, looking at the funding trend,

07:39will it be done gradually to these potential sectors?

07:43Or actually from venture capital friends,

07:46will it still be selective?

07:48Of course, it will fund gradually,

07:51enter the pre-seed first, series A, etc.

07:54By making profitability as one of the main indicators,

08:01do you want to continue to chip in or not?

08:03What do you think, Mr. Eru?

08:05Yes, funding starts from pre-seed, seed, then series A, series B, etc.

08:11So, this is a normal process.

08:14But if we look at it, with the advent of this new technology,

08:18it also gives a chance for startups to get funding.

08:22Because if we develop a startup,

08:26whose market is already quite strong,

08:29for example, online transportation,

08:322-3 players are already strong enough.

08:34Even 2 players are strong enough.

08:36So, if we enter the same business,

08:41it will be very difficult for us to get investors,

08:45including e-commerce.

08:47Moreover, the e-commerce capital is also very large.

08:51So, there is still funding for old startup models,

08:57e-commerce, retailing, etc.

08:59But this is very selective,

09:00and maybe it's only given to companies that are already very agile

09:04and have the potential to move forward.

09:07But for new players,

09:10we have to adopt the development of 4.0 technology.

09:15Internet of Things, Data Analytics, Artificial Intelligence.

09:18Because there is one market,

09:21maybe Artificial Intelligence is more popular now,

09:23but we can localize it,

09:26so that what we used to call Red Ocean

09:29can be made into Blue Ocean.

09:33This is the financial sector.

09:36So, the national financial sector is quite busy.

09:38But if we talk about regional finance,

09:42this is still not well-developed.

09:45Especially digital finance, digital payments.

09:48I see there are still many sectors that can be developed again

09:52in terms of technology.

09:56That's it for TechWinter, Mr. Heru.

09:59In any sector,

10:00if you join AI or Internet of Things,

10:04maybe it's more favorable from the point of view of venture capital.

10:07More or less like that, right, Mr. Heru?

10:09Yes, that's right.

10:10Besides, usually investors will see

10:13what the future potential is like.

10:15That's right, that's the most important.

10:16Then also how much use it has.

10:18Then maybe later,

10:20what kind of financial projection it has.

10:23Including how much data they will store.

10:26This is quite important.

10:28All right, Mr. Heru.

10:29I hope this can be a reference for all of us.

10:32Good luck.

10:33For you, next time we'll have a longer conversation, Mr. Heru.

10:37Thank you, Mr. Heru. Good luck.

10:39See you again.

10:41All right.

10:42And before we finish,

10:44we will see first the update of the movement in SG

10:47at 9.20.

10:496 minutes is when I was in the west.

10:51SG is observed to strengthen 0.35% at 7,858,

10:56with the exchange rate of Rupiah at 15,344,

10:59slightly weakening.

11:00All right.

11:01Then, Gainers and Losers.

11:02The sectors that lead the strengthening are

11:04health, property, finance, and also technology.

11:06Then at Gainers, there are

11:07international assets, GCTC,

11:09then there is also land, real estate,

11:11BSBK, MAPI, and so on.

11:13Then at Losers, there are BHAT, PSAB, SMEL,

11:16then HMSP, MPOW, VC, and so on.

11:20Yes, ASI is again strengthening, leading the rise,

11:23and all sectors are up to 9 o'clock,

11:27more than 29 minutes.

11:28At the time of West Indonesia,

11:29it was about 30 minutes after the opening,

11:30still in a positive territory.

11:34And it's been 90 minutes,

11:37we accompany you in Power Breakfast.

11:39Hopefully today's discussion

11:40can be a reference and source of information for you.

11:42Keep your information only on IDX Channel,

11:45your trustworthy and comprehensive investment preference.

11:47And don't forget to watch the Market Review program

11:50which airs at 10 o'clock West Indonesia time.

11:53Because the business of the future must move forward,

11:55I am a stock investor.

11:56I am Prisa Sompodato.

11:57I am WK Adrian.

11:58See you.

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