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

This morning, Indonesia's venture capital industry received a sobering reminder. Former executives of two government-backed investment firms were sentenced to jail for backing Tanihub, a failed agritech startup. According to Channel NewsAsia, the verdict is already making investors nervous—industry experts warn it will push Indonesia's venture capital community toward far greater risk-aversion, potentially stunting the very startup ecosystem policymakers are trying to grow.

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