More than a year ago, Indosat and Softbank initiated SB-ISAT Fund and allocated $50 million (now is equal to more than 668 billion Rupiah) to fund potential Indonesian startups. However, Indosat’s CEO Alexander Rusli admitted during IWIC 9 that his team do find difficulties in finding the worthy ones. BeritaSatu reported that only US$ 50 thousand out of the allocated US$ 50 million has been spent on investment. Continue reading SB-ISAT Fund: It’s Difficult to Find Worthy Indonesian Startups (UPDATED)