According to an article written by Robin McDowell, the tech frenzy in Indonesia is keeping venture capitalists from Silicon Valley and New York on the edge of their seats. All of them are waiting to see if this phenomenon is just a passing hype or something that can sustain itself long-term. Investors are closely monitoring the developments because opportunities from this 240 million-strong nation simply cannot be ignored. To date, Indonesia has the second largest number of Facebook users in the world.? Even Google CEO Eric Schmidt thinks that opportunities are huge. Although many of the startups hardly necessitate infusions of more than $500,000 to $2 million, investors are moving ahead to scout for local and promising entrepreneurs seemingly answers where the trend will lead.
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