“The international community has praised Bangladesh’s economic success over the past ten years. However, rising geoeconomic fragmentation, macroeconomic disruptions, and global inflationary pressures are sending shockwaves through the world’s economies. The demise of Silicon Valley Bank, Silvergate Bank, and Signature Bank, three of the largest U.S. banks that provided financing to tech firms, also placed concern on the availability of capital for entrepreneurs globally. But it’s more crucial than ever to keep in mind that Bangladesh has a vibrant local investment environment that is frequently overlooked. Approaching this investor group might be a wonderful approach for business owners to secure money. Bangladeshi businesses will emerge stronger in the long run if they are clever and quick to adapt to the present investment slowdown.”
Zahedul Amin
Director, Finance, Strategy and Consulting Services,
LightCastle Partners
“In 2023, adaptability is essential. Founders should focus on finding that unique insight to solving a problem while measuring timely market opportunities that are present. Valuations are slashed in an economic downturn. Hence, frugal innovations with a clear path to scalability, lean burn rate, and a solid team showing positive unit economics growth (MoM) is key for resilience, fundraising, and survival. Long-term growth mindset over fast development without continuity should still win.”
Ahmed Jawad Yusuf
Advisory Lead,
Bangladesh Angels Network
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