Until now, the number of women entrepreneurs is classified as less than men entrepreneurs. One of the causes lies in the limited access to capital.
According to research by Crunchbase (2019), of the total startup funding, only less than 3% were successfully raised by female Co-Founders. Even so, several women entrepreneurs in Indonesia are able to show their ‘fangs’ in advancing startups.
One of the most successful women in the industry, Travelio’s Co-Founder & COO, Christie Tjong, 32, was able to raise US $ 18 million in Series-B funding last November. Funding was led by Temasek Holding through Pavilion Capital and was carried out right before the COVID-19 pandemic.
Then how did he develop a startup at a young age? According to Christie, one of the characteristics of startups, especially those in their early stages, is the lack of corporate infrastructure. This forces founders to perform several roles at once and concurrently is the equivalent of five people.
As COO, Christie not only had to identify the components of the “engine” one by one, but also had to make sure everything was running smoothly. He told of how heavy the responsibility he was given after successfully raising funds, because he …