As reported in AVCJ on 13 September 2016 by Tim Burroughs and Winnie Liu. More details can be found here.
NSI Ventures, another early investor in Go-Jek, is among those GPs building up their operational capabilities. About six months after closing its debut fund – and with 14 investments completed – Singapore-based NSI made its first two operational hires. It brought in a seasoned engineer as CTO-in-residence and the former head of HR at e-commerce business Zalora to assess investees’ hiring needs. Several at-call online marketing experts have also been recruited to help companies with customer acquisition and retention.
“At Series A, you are often giving companies their first meaningful check and they are in hyper-growth mode, especially as it pertains to recruitment, so it is important to do it in the right way,” says Shane Chesson, founder and general partner at NSI. “These companies start with good ideas, they’ve got some traction, but to really push them into Series B, C and beyond, they need to perform, and resources on the tech and HR side are important.”