Malaysian government plans to promote startups by becoming a venture capitalist

Re:Malaysian government plans to promote startups by becomin... by pytester on Saturday October 05, 2019 @08:57AM (#21165244)

This sounds less like a cunning plan for economic growth and more like a cunning plan to funnel money into the pockets of the 20-something children of well connected people.

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Re:Malaysian government plans to promote startups by becomin... by morningseagulls on Saturday October 05, 2019 @10:45AM (#21165797)

>a cunning plan to funnel money into the pockets of the 20-something children of well connected people.

You're thinking of Silicon Valley/NYC. The money in Southeast Asia is going to washed-up 30- to 40-something financial types who're hoping to make it big with their startup.

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Re:Malaysian government plans to promote startups by becomin... by umeshunni on Saturday October 05, 2019 @10:55AM (#21165853)

I'm surprised at the timing of the announcement, given that Mahathir's corruption/embezzlement scandal is still fresh in many people's memory: https://www.independent.co.uk/news/world/asia/malaysia-najib...

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Re:Malaysian government plans to promote startups by becomin... by klingonopera on Saturday October 05, 2019 @11:21AM (#21166003)

...that's Najib's scandal, not Mahathir's, for him, it's the opposite (in fact, it won him the election).

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Re:Malaysian government plans to promote startups by becomin... by pytester on Sunday October 06, 2019 @12:48PM (#21173134)

1MDB was kind of what I was thinking of.

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Re:Malaysian government plans to promote startups by becomin... by ElonMuskrat on Saturday October 05, 2019 @10:02AM (#21165527)

In other words: Malaysia being Malaysia.

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