We believe that, above everything else in the startup world, the entrepreneur is the one who creates value. A great entrepreneur is someone who is not merely intelligent but driven, disciplined, and strategic. They are fearless leaders whom others want to follow, and visionaries who are on a mission to build a better world.
Innovation is now global. We strongly believe in the positive and increasing impact of technology on our world. Investing in technology companies has never been more attractive, as technology adoption reaches an inflection point. There are now nearly 5 billion mobile subscribers and more than 3 billion internet users globally. With quantum improvement in computing, building and scaling a technology company costs less than 10% of what it took 15 years ago. Leveraging technologies like big data, mobile, and cloud to build significant business is not only possible, but well within economic reach, especially in emerging markets.
We are excited about the rapid rise of entrepreneurial talent in Southeast Asia over the last decade. We have seen great companies born in the region built by world-class entrepreneurs. Southeast Asia, with a population of over 600 million, represents enormous potential on a global scale. With some of the most social and mobile users in the world, the region presents fertile ground for the emergence of global technology leaders.