WV

WV Fund Research Investment Thesis WV (Wing Vasiksiri) is a solo-GP venture capital fund focused on supporting the Southeast Asian technology ecosystem by partnering with founders building category-defining companies at the earliest possible stages. The fund's core thesis is to close the gap between Southeast Asia and Silicon Valley, leveraging Wing's extensive network in the U.S. to introduce portfolio companies to LPs and operators, or bring them on board as co-investors. Wing believes that a few courageous individuals create progress and new knowledge in the frontier. He seeks to find these "unsatisfied souls"—artists and architects who are relentless in their pursuit of greatness—and support them as they build transformative companies. His personal philosophy emphasizes finding people and supporting them in their journey: "the world is often unkind to new talent, new creation, the new needs friends." Investment Background Wing Vasiksiri is an accomplished investor with a multi-year track record in Southeast Asian venture investing: WV Fund II (Current) : Solo-GP fund launched February 2023, managing $14M in total AUM iSeed SEA : Co-founded with Utsav Somani (AngelList India founder) in 2020, a micro-fund backed by leading Silicon Valley founders and operators AngelList (2019-2020) : Operations leadership across Venture Funds, Syndicates, and Rolling Funds The House Fund (2017-2019) : Investment team member The progression from AngelList to iSeed SEA to his own solo-GP fund demonstrates deep expertise in early-stage investing models and Southeast Asian startup ecosystems. Stage Focus WV is exclusively an early-stage seed investor , focused on the inception and pre-seed to seed stages: Primary stage : Seed-stage startups (founding stage companies with traction) Secondary : Pre-seed investments for exceptional technical founders Typical timeline : Invests at the earliest possible stages, often as first institutional investor Wing focuses on companies with strong founder-market fit and early validation, rather than waiting for more mature stages. Check Size Wing's investment check sizes are $100,000 to $500,000 , depending on: Whether he is acting as lead investor vs. participant Company valuation and stage Capital needs of the specific round This micro-check sizing allows flexibility to deploy capital across many founders while maintaining meaningful investment sizes that provide real value. Geographic Focus Core markets : Singapore, Vietnam, Indonesia Active secondary markets : Philippines, Malaysia, Thailand Wing's geographic thesis is anchored to fundamental economic drivers in each country rather than arbitrary market boundaries. His approach is to identify big contributors to GDP and invest in technologies that address those sectors. Sector Focus WV is sector-agnostic , but has identified several key focus areas: Primary Sectors of Interest Fintech & Payments : Strong interest in financial infrastructure and payment systems in Southeast Asia, viewing this as foundational to economic development. This represents a core pillar of his investment thesis. Gaming : Wing sees Southeast Asia as uniquely positioned for either a major game publisher or developer to emerge. The region has large user populations (especially mobile gamers), significant user bases in Thailand and Philippines, and strong creative talent. He believes a regional gaming company could reach global scale. Climate Tech & Clean Energy : Southeast Asia faces energy challenges and is expected to become a net importer of natural gas by 2025. Wing actively invests in solutions helping the region transition to green energy. Agriculture & Aquaculture : Portfolio includes Delos, which develops sensors and technology to help aquaculture farmers increase yields. Wing sees agriculture as a major GDP contributor in Indonesia and thus a high-potential area for innovation. Portfolio Breadth Beyond these sectors, Wing maintains sector flexibility and has invested across diverse categories including virtual workforce and HR, real estate/housing, micro-mobility, and other emerging opportunities that fit his thesis. Lead Tendency & Decision Process Lead Tendency : Mixed approach—Wing leads some rounds but also participates as co-investor Key advantage of solo-GP model : Speed and transparency. As the sole decision maker, Wing can commit to a round within days or even hours . Unlike traditional fund structures with multiple hierarchical decision layers, Wing plays all roles himself. Decision style : Deep, authentic relationships with founders. Wing spends significant time understanding each founder and company, building genuine partnerships rather than arm's-length transactions. Collaboration : Wing emphasizes collaboration over competition with other funds. The small fund size allows him to openly share deal flow with other investors and build win-win relationships across the ecosystem. Recent Activity & Fund Status Fund Status : Actively deploying from WV Fund II (launched Feb 2023) Portfolio maturity : As of February 2023, Wing's portfolio had 30+ companies invested with $85M+ in follow-on funding raised from top-tier investors including Sequoia Capital, Y Combinator, AlphaJWC, AC Ventures, East Ventures, Jungle Ventures, Openspace Ventures, Monks Hill Ventures, Golden Gate Ventures, and MDI Ventures. Notable portfolio companies with strong follow-on funding: Delos (AgriTech in aquaculture) Humble (successful exit) Virtual Internships (HR/workforce) Staffinc (HR infrastructure) Rukita (real estate) Skuad (fintech/workforce) Upmesh (connectivity/infrastructure) Dat Bike (micro-mobility) Mio (emerging tech) TCC (tech services) Recent investment patterns : Wing actively deploys $100K-$500K checks to early-stage companies across Southeast Asia, maintaining a disciplined but opportunistic approach to capital deployment. LP Base WV Fund II LPs represent a combination of institutional and operator-level expertise: Institutional LPs : Republic Capital, EGR Partners (Elisabeth de Rothschild's family office), Kamco Invest, Central Pattana Individual/Operator LPs : Dug Song (Duo founder & CEO), Albert Wenger & Susan Danziger (USV managing partners), Gokul Rajaram (Doordash & Square executive), Kum Hong Siew (former Airbnb China COO), operators from Dropbox, Discord, and GitHub. This demonstrates Wing's unique positioning with access to both institutional capital and operator-level expertise from Silicon Valley. Investment Approach & Values Wing's solo-GP model provides several advantages: Speed : Can commit within days/hours vs. weeks in traditional structures Authenticity : Relationships are entirely with the founder, no intermediaries Empathy : Wing considers himself a founder—he started a fund instead of a company, giving him deep empathy for founder challenges Collaboration : Small fund size avoids competition dynamics with other funds Founder-centric : Can dig deeper with founders and eliminate principal/agent problems Wing often invests as the first institutional investor and leverages his U.S. network to provide follow-on capital connections for portfolio companies. Key Differentiators Southeast Asia focus : Deep local expertise and networks when most U.S. VCs overlook the region Founder empathy : Personal founder mindset with philosophy of supporting unrecognized talent Network bridge : Unique ability to connect Southeast Asian startups with top-tier Silicon Valley investors GDP-based sector analysis : Identifies sectors tied to regional economic fundamentals Transparent solo-GP model : No hidden agenda, pure focus on founder success Outlook & Future Activity Wing expects the solo-GP model to proliferate in Southeast Asia as the ecosystem matures. WV is positioned as a pioneer and leading example of this emerging model, demonstrating that a single talented investor with deep networks can build significant impact at an efficient fund size. The fund remains actively deploying and continues to seek exceptional founders building category-defining companies across Southeast Asia.