Why Indonesia court verdict on failed start-up investment is worrying its venture capitalists

Stiinta si Tehnologie

Experts and industry insiders say Indonesia’s venture capital firms will be more risk-averse after former executives of two government-backed investment firms were sentenced to jail for their decision to invest in an agritech pioneer that collapsed. JAKARTA: Indonesia's tech industry has watched some of its brightest stars come crashing back to earth in recent years, as start-ups that were once hailed as revolutionaries in their fields become embroiled in allegations of financial misconduct,