From big tech to cakes: Indonesia’s state VCs retreat to safety
Culture Index
Score Breakdown
Relevance
9/25
Freshness
25/25
Authority
18/20
Brand Signal
5/15
Depth
2/15
5-Axis Cultural Radar
State-owned VCs helped build Indonesia’s startup ecosystem. Now, weak exits, fewer deals, and Danantara are forcing them to rethink their role.
