Goldman Sachs Head of SE Asia investment banking Andy Tai returns to the Indo Tekno podcast to summarize how global financial markets currently view Indonesia's tech sector. With investor enthusiasm having waned across much of tech and emerging markets over the past few years, Andy specifically reflects on the unprecedented scrutiny placed on incremental marketing spend by Indonesia's leading tech start-ups - emblematic of growing insistence on profitability over growth-at-all-costs. He also specifically calls out Agritech as a sector of particular interest amongst Indo tech-focused investors, and growing expectations around ESG (environmental social and governance) from institutional investors as companies begin to round the bend to IPO. Andy also revisits his previous views on the importance of best-in-class corporate governance for Indonesian start-ups, and urges founders not to underestimate the enormity of IPO preparation.