Asiamix's strategy of diversifying into B2B mirrors that of the bulk of dotcoms that are now trying to switch direction. We're not really a dotcom. The company now has eight clients handling around 12,5000 accounts and has just closed its first round of funding. We didn't really find that a problem. But you need to find someone with the right interests in your future.
Nobody puts money down and just says 'Get on with it' any more.
With NAV Global growing quietly, he doesn't see there is necessarily a need for the company to list, and a blaze of publicity is hardly required. Listing is only a means to an end for funding purposes, but we may not need that. Like Fleming at NAV Global, Peter Levesque, CEO of Hong Kong's V-Logic, sees his outfit as part of the more mature Internet world, where dotcoms are backed by heavy hitters and have a clearly defined, achievable business goal that capitalizes on the efficiency of the Internet. Times have definitely changed, he says. Now investors want to know about revenue and break-even dates, he says.