Monday, March 6, 2017

Rich Asian Millennials Pool Family Fortunes to Build Venture Fund


...they want to fill a gap in the region for the subsequent rounds of funding -- series B, C and D. “We want to play in that space because you get to cherry pick,” he said...

[On real estate]
...Ng recalls his grandfather, Singapore’s richest man when he died in 2010, would always visit a property he was interested in buying with his wife. After driving around the area, they would sit on a bench and observe it from a distance. Then they would return to the same spot after dark.

“He said to us, ‘What you see during the day can look very different at night,’” Ng said....


https://www.bloomberg.com/news/articles/2017-03-05/rich-gen-y-asian-kids-pool-family-fortunes-to-build-venture-fund

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