BRAVE: Vietnam $12B Bank Fraud Death Penalty, Thailand Cannabis Reforms & Courage As Muscle

May 2024 Newsletter

· Newsletter,Southeast Asia,VC and Angels,Start-up,Founder


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Regional News & Deep Dives


Popular Interviews

Community News 

Notable Press & Listener Feedback

  • “A well-informed discussion! Corruption issues look to be treated as a serious concern in Vietnam, as even major leaders are held accountable, with a requirement to publicly disclose wealth -- wealth that is hidden in China, which has no such requirement. Saltwater intrusion sounds like a real-world concern, and I'm glad that the Vietnamese are looking out for the material interests of their farmers. (Compared to saltwater intrusion, I have my doubts regarding sea level rises per se. Numerous islands in the Northern Hemisphere have the same shoreline as they did 50 & 100 years ago. I don't have the same info regarding Equatorial and Southern Hemisphere shorelines, though.)” – LD-Orbs
  • “This episode was BRUTALLY honest. The "reverse economic arbitrage" situation of ASEAN tech - hiring expensive foreign talent to solve inexpensive local problems. And other VC multiple issues in Southeast Asia. Thanks for being brave Jeremy Au & Adriel Yong!” – Jerilyn Wu
  • “Happy to see that others have come to the same conclusion with culturally and financially contextualised information about the regional markets. This topic is something I have thought about for a long time, and is why I have taken the step to work on it by setting up my 2nd base in NY. Too many investors focus on the entry environment, but great returns actually depend on the exit environment. Anyone looking to NY as part of their growth plans can reach out and I’ll try to be helpful.” – Cindy Teoh

Best Read

  • Naval's "How to Get Rich" centers on achieving true wealth beyond just money and status, and distinguishes wealth as assets that generate income passively. Embracing radical responsibility for one's financial and career decisions is… difficult but vital.


“There are so many ways to be brave in this world. Sometimes bravery involves laying down your life for something bigger than yourself, or for someone else. Sometimes it involves giving up everything you have ever known, or everyone you have ever loved, for the sake of something greater. But sometimes it doesn't. Sometimes it is nothing more than gritting your teeth through pain, and the work of every day, the slow walk toward a better life. That is the sort of bravery I must have now.” ― Veronica Roth



“My parents always say that I had both of my hands on my back, walking around all over the place and asking people questions all the time. It’s always in my blood to be curious and to try to understand what's going on around me.” – Jelmer Ikink

Jelmer’s childhood was marked by his ever-present curiosity about his community and the world around him. This instinct to explore steered his academic choices and his professional pursuits, eventually leading him to venture capital in Asia and establishing Foxmont Capital Partners in the Philippines. He shared about his professional desire to always explore new opportunities and potential growth in the region. This is a testament to how a deeply ingrained sense of curiosity can guide one through diverse career paths across continents.

His story exemplifies the value of following one's inquisitive nature in shaping a successful career. This is a powerful reminder to trust and let our interests guide our academic and professional choices. This underlines the importance of always being open to new experiences and challenges.
Think about a time when your curiosity led you to a significant discovery or decision in your life. What did you learn from that experience?


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Stay Brave!

Jeremy Au