Jenny Lee, senior managing partner at Granite Asia and the first woman to break into the top 10 of the Forbes Global 100 VC Midas list, says Asian startups are going public much earlier than before. While the average holding period before an IPO traditionally reached eight to ten years, later-stage companies are now preparing for listings when they are just four to five years old. Granite Asia, which supports startups from their first funding round through public listings, has made over 40 equity investments in the past two years. The firm focuses on AI for science, robotics, apps targeting Asian subcultures, and energy storage technology. These remarks were made on the sidelines of the DBS Asia Future Forward Conference in Singapore.
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