#SelasaStartup: From Startup to Public Company - Industry Insights

​IPO is not an exit. It is graduation.

​In the past two years, Indonesia's startup IPO landscape has shifted dramatically. Fore Coffee listed on IDX in April 2025 with 200x oversubscription and 116,000 unique investors. Waresix followed in 2026 with 386x oversubscription and 913,000 unique investors. Both are East Ventures portfolio companies.

​This edition of #SelasaStartup answers critical questions for founders:

• ​What truly separates IPO-ready startups from the rest?

• ​What should be prepared from Series A or B, long before the IPO window opens?

• ​What mistakes cause companies to cancel, delay, or underperform post-listing?

​Our speaker brings firsthand experience from taking two portfolio companies public. His philosophy: "IPO is like graduation, signifying a more sustainable and predictable business."

​Guest

​Sonny Hendra Sudaryana
Director of Digital Ecosystem Development, Komdigi

​Willson Cuaca
Co-Founder & Managing Partner, East Ventures

​Moderator: Rama Mamuaya
Founder & CEO, DailySocial.id

​Who Should Attend

​This is a curated event for 75 selected participants from Indonesia's startup ecosystem:

• ​Growth and late-stage founders/CEOs preparing for IPO

• ​CFOs and operators responsible for IPO readiness

• ​Series A/B founders wanting to build early discipline for a public market path

• ​Early stage founders with a big vision and dream!

​Registration is subject to curator review.

​Agenda

• ​11.30 - 12.15 : Registration

• ​12.15 - 12.30 : Opening Remarks (Komdigi)

• ​12.30 - 13.00: Fireside Chat with Willson Cuaca, moderated by Rama Mamuaya

• ​13.00 - 13.30: Q&A with Audience (Ask him anything!)

• ​13.30 - 14.00: Closing and Networking

​What You Will Learn

​The 2026 IPO Momentum
Key lessons from Fore and Waresix, and why 2026 is a turning point for Indonesian startups.

​Inside the Two IPOs
Contrasting consumer F&B and B2B logistics models. Counterintuitive timing decisions. Lessons not found in textbooks.

​The Dos (What to Prepare)
Scalable governance, financial readiness, operational systems, investor-ready cap table, and public market storytelling. Build these from Series A, not six months before IPO.

​The Don'ts (What to Avoid)
Treating IPO as a personal exit. Trying to time the market. Underestimating post-IPO responsibilities and hidden costs. Choosing the wrong exchange without long-term vision.

​A Final Message for Founders
Disciplines to start today for an IPO 5-7 years ahead. When IPO may not be the best path. Outlook for 2027 and beyond.