Fundraising by Southeast Asia-based VCs had a robust first half of 2022, indicating that the full year performance is likely to surpass pre-pandemic levels, which peaked in 2019, per DealStreetAsia’s Data Vantage report. Flush with dry powder waiting to be deployed in SE Asia, the challenge for both homegrown and overseas venture capital firms will be on choosing the right bets at the right price and building sustainable businesses to generate multiples on their investments. How will VCs differentiate themselves and their strategies while picking and building winning bets? Will early-stage funding momentum lead to gaps at later stage amid uncertainty in traditional exit options?