Kickstart Ventures called on the startup industry to adapt to the so-called “tech fog” as the new normal.
Kickstart Ventures assistant vice president for legal and compliance Jecky Pelaez said att the Geeks on a Beach event during Philippine Startup Week 2024 that tech fog, a period of uncertainty, demands a shift in strategies, careful prioritization and readiness to make tough decisions.
“During this tech fog, the startup playbook has changed and it becomes more valuable for founders to navigate with purpose,” he said.
The lingering “tech winter”—a slowdown in the tech industry across Southeast Asia—has evolved into a more complex “tech fog”, he said.
He said the new phase is marked by funding gaps and slower investment cycles, which has deeply affected startups, investors and key ecosystem players.
