📝 VC Memos (Week of May 15 - May 21)

"Indonesia’s digital revolution is in full swing. The nation has the biggest internet user base in the region (205m people by 2022) and the largest internet economy (US$77bn by the end of 2022) which is growing at an unparalleled rate for the region (19% CAGR 2025-2030). At this rate, Indonesia is on track to grow to US$360 billion across all sectors by 2030."

"…Faks is now the leader in the French market. With a growing network that includes 12,000 partner pharmacies (60% of the French pharmacy network), 118 pharmacy associations, and more than 700 pharmaceutical companies (including industry giants like Biogaran, Biocodex, and Bouchara), the company aims to consolidate its leadership position and expand into new European markets."

"More and more businesses are reliant on [AI] to power their operations. With increased reliance, comes increased risk, and the software supply chain has become a target for security threats. Left unprotected we may see a situation where software has indeed transformed every industry, only to see sophisticated hostile actors devour the software industry."

"In recent years, the number of software supply chain attacks has significantly increased. This is driven by the growing number of companies leveraging open-source software and will be further accelerated by the emergence of LLMs and productivity tools like GitHub Copilot."

"…our country’s severe clinician burnout problem, combined with overall high rates of staff churn, are causing healthcare organizations to falter at delivering on their core services. One study shows that the average hospital has turned over 100.5% of its workforce in the last 5 years!.

"The NBER estimates that wider AI adoption in US healthcare could lead to 5 to 10% in savings, translating into $200 billion to $360 billion annually. Slow adoption has been linked to a number of factors, including challenges to accessing data, integrating into workflows, collecting evidence to secure reimbursement, navigating regulation, and most importantly, building trust with clinicians..

“SMBs represent 99.9% of all U.S. businesses and 400 million businesses globally while being the target of 43% of all cyberattack… Huntress is filling the unmet needs of SMBs with its managed security platform, offering a robust suite of capabilities...”

“Broken or missing images, mislabeled images, and duplicates are all quality problems that can skew AI models. Visual Layer has found that up to 30% of these massive image and video collections, amounting to hundreds of millions of assets, end up reducing the quality of these models instead of adding to them.”

“Every bank in the world struggles with expensive infrastructure and complex ‘back-office’ operations. These are critical responsibilities for a bank, but they are undifferentiated with customers… The typical bankspends only 10% of their costs on technology and 60-70% of their costs on people and manual processes.”