Did you hear about the addictive craze that’s taken over startup founders in Southeast Asia? It’s taking up their time in the evenings and weekends. It’s taking money out of their bank accounts. And it’s an addiction that some admit they may need to slow down on.
We’re not talking parties, fast cars, cryptocurrencies or illicit activities. This is angel investing.
Increasingly, startup founders themselves are picking up scores of early-stage investor deals by backing their peers with cheques in the range of US$10,000 and US$50,000. A number of notable funding rounds have included significant money from angel investors, including accounting startup BukuKas and US$1 billion-valued payment startup Nium.