The recent fall in the valuations of small and big startups in the region offers a chance for founders and investors to introspect and learn more about their game, according to Jenny Lee, managing partner at GGV Capital.
“I’ve seen eight to nine [economic] cycles. Finally, we have a cycle in Asia. So, if you’re an entrepreneur, you’re an investor, you’re a GP, this is the time to learn. Going through these cycles will make you stronger for many cycles to come if you’re in the business for the next 20-30 years,” Lee said during a fireside chat with DealStreetAsia’s founder and editor-in-chief Joji Thomas Philip at the Asia PE-VC Summit 2022.