While
Vice President Mike Pence visited Jakarta, Indonesia this week to discuss bilateral trade issues as part of his 10-day trip to Asia, investors, venture capitalists and regional start-ups gathered on the Indonesian island of Bali to discuss the future of tech in the world's fourth most populous and the broader region.
"What's happening politically with the H-1B visas being reviewed and the crazy stories you're hearing, people have to hedge their situation and see where the high growth is happening," Ahmed Shabana, managing partner of Parkpine Capital, a Silicon Valley firm, told CNBC. "It might be risky to get talent in the U.S. if things escalate."
The first of its kind, the Global Ventures Summit in Bali aims to find scalable technologies in high growth markets while connecting investors with ideas. The event included presentations from VCs and the likes of tech giants from
Google to
IBM. Shabana estimated $5 billion worth of investor funds taking part in the summit.
http://www.cnbc.com/2017/04/21/as-pence-visits-indonesia-to-talk-trade-silicon-valley-vcs-meet-in-bali.html
