Speakers
Adrian Li
Founder & Managing Partner
ACV Capital
Adrian Li is the Founder and Managing Partner of ACV Capital, a private equity investment firm backing high-growth businesses across Southeast Asia. The firm manages over US$500 million in assets across five funds and has invested in more than 120 companies over the past decade. Notable investments include Xendit, Stockbit, Shipper, Astro, Carsome, M17, 707, and other category-leading companies.
Prior to ACV Capital, Adrian co-founded Convergence Ventures in 2014 and subsequently co-founded ACV Capital in 2019. Earlier in his career, he served as Managing Director at Rocket Internet, where he built and scaled businesses across China and Southeast Asia.
Adrian began his entrepreneurial career as Co-founder and CEO of Idapted. He raised two rounds of funding and grew the company into China's largest live online English training platform. Idapted was acquired by Eleutian in 2010.
Adrian holds a BA and MA in Economics from the University of Cambridge, an MBA from Stanford Graduate School of Business, and an EMBA from Tsinghua University. He is also a Kauffman Fellow (Class 21) and mentors entrepreneurs through organizations including Endeavor, Founder Institute, and Antler.
Speaking at SFF 2026
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12:00–12:40pmThu 19 NovSide ProgrammesInvestors Lounge (Hall 2)Open
Capital Rewiring
Built to Exit: How Cap Tables Make or Break the Endgame
Side ProgrammesInvestors Lounge (Hall 2)Open
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Jonathan WhittleCo-founder & Managing PartnerQuona Capital
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Adrian LiFounder & Managing PartnerACV Capital
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Natasha HartoroCo-Founder, CEODurianpayModerator
About this session
Every founder dreams of the exit. Far fewer plan for it.
In a funding cycle shaped by lofty valuations and layered rounds, many promising companies find their path to exit blocked by the very capital that fueled their growth. Complex cap tables, preference stacks, and misaligned shareholders can turn a willing acquirer into a walk-away, or a good outcome into a stalemate.
This session, co-hosted with Singapore Venture Capital Association, brings together investors for a candid conversation about what really stands between a startup and its exit. We’ll examine how high valuations and shareholder misalignment create friction when it matters most, and ask a harder question: how can founders and investors recognize early when to pivot or call time, before too much capital makes either option painful?
Expect frank views, real lessons, and practical takeaways for anyone raising or backing startups today. -

