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Billion Dollar Moves™ with Sarah Chen-Spellings | Global Venture Capital

Billion Dollar Breakdown Emerging Markets: SuperApps, SPACs, Multi-Billion Showdowns with Mikal Khoso, Wavemaker Partners

34 min • 3 september 2021

In today's Billion Dollar Moves Breakdown, we bust some myths on the emerging markets and venture capital with THE emerging markets analyst, Mikal Khoso, VC at Wavemaker Partners, a cross border venture capital firm dual headquartered in Los Angeles and Singapore and has raised over $580M across multiple funds.

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 👊🏻 5 THINGS YOU'LL LEARN:

- GoTo, Grab, Shopee - who will win in this multi-billion e-commerce showdown?

- Primetime Emerging Markets: the opportunity for digitization, leapfrogging

- The secret sauce of emerging markets

- Byjus, the best kept secret in edtech?

- SPACs: Real deal or a cover for the lack of fundamentals

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⏳ TIMESTAMPS

00:00 - Intro: what's on tap this week?

01:25 - Why emerging markets, why now?

03:34 - Exploding population

05:39 - Leapfrogging

08:35 - Political uncertainty? What's the risk premium here?

10:55 - Golden era of startups - analyst top picks

23:00 - GoTo: marriage of convenience?

29:16 - The exit story for emerging markets


More about Mikal (@mikalkhoso):

Mikal is based in LA with Wavemaker, focused on sourcing new deals, collaborating with partners on diligence and further iterating on the investment process and tech stack. He writes a popular weekly newsletter Emergent on the fastest-growing businesses in emerging markets. (reademergent.com)


Prior to joining Wavemaker Mikal was a partner at First Round’s Dorm Room Fund, a student-led venture firm that invests exclusively in student-founded companies. In his time at Dorm Room Fund he led two investments that have collectively raised $45 million in follow on funding. Prior to that he was an Associate at Underscore VC in 2017 where he led two investments as well that collectively have raised $40 million in funding.


Prior to that he worked at the New Ventures Team at Northeastern University, a corporate innovation team tasked with building Edtech companies for the university. Mikal graduated with a B.S. in Economics and Philosophy from Northeastern University.

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Billion Dollar Moves is THE show for the audacious; featuring the top US-Asia founders, funders and execs. From the growing pains of a unicorn journey to IPO, scaling a venture capital firm, we cover it all in the world of venture & business. Learn from the crème de la crème so YOU too, can make #billiondollarmoves — in venture, in business, in life.

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