Forbes Indonesia - July 2019

JULY 2019 FORBES INDONESIA | 71

@FLUXMULDER:

“It’ll get released once

they run out of money.

And it’ll be in the same

state it’s been for the

past six years: unfinished

and utterly broken.”

A Kinder KKR

The original barbarians see the virtue in being virtuous.

210,679 views The Saga of Star Citizen, a Video Game That Raised $300 Million—but May Never Be Ready to Play

100,727 Zoom, Zoom, Zoom! The Exclusive Inside Story of the New Billionaire Behind Tech’s Hottest IPO

56,850 Small Giants: The Best Small Companies of 2019

52,569 Meet Matt Calkins: Billionaire, Board Game God and Tech’s Hidden Disruptor

33,639 The Golden Goose: How Dani Reiss Became a Billionaire Turning Canada Goose Into a Luxury Brand Powerhouse

29,158 Tempest in a Tea Bottle: Billionaire GT Dave Brewed a Fortune (and Plenty of Bitterness) from Kombucha

28,315 Gentlemen at the Gate: With Trillions Pouring In, KKR and Its Peers Must Build Up Rather Than Break Up

3,288THE BOMB: Reincarnating Karma Automotive: Inside the Luxury Electric Carmaker’s Bold Plan to Reinvent Itself (Again)

THE INTEREST GRAPH

“Box CEO Aaron Levie,

a customer, tweeted

that Zoom could start a

second business selling

its ‘beautiful’ financial

numbers as

a coffee-table book.”

@THA_RAMI: “Having business in

charge of creative is bad. Having

creative in charge of business? Also

bad. Games need a super-odd kind of

balance to be made at all.”

ACHILLE VIGGO

CALEGARI: “I don’t

think this article

represents a fair im-

age. Anybody who’s

played the game

will tell you the

amount of detail,

care and graphics

surpasses anything

ever attempted.”

@FUD_BUDDY:

“It’s about time a repu-

table source investigat-

ed this borderline scam

before it completely

collapses. Well done,

Forbes.”

G E T T I N G P L AY E D

Unfinished video game or $300 million

money pit? Our investigation into the

lavishly crowdfunded Star Citizen

set social media aflame.

RUACH: “I don’t under-

stand all the hate.... Sure, it’s

taking time, and yes, they’ve

missed deadlines, but they are

developing amazing tech that

hasn’t been done before.”

HALSGOLDENRING:

“Star Citizen has a cult

following... empha-

sis on the

cult part.”

“This is not fraud,

but it is incompetence

and mismanagement

on a galactic scale.”

W

all Street’s Huns overran the 1980s, pursuing mega-

deal after megadeal until they met their match with

RJR Nabisco. Now KKR’s Henry Kravis and George

Roberts—the other “K,” Jerome Kohlberg, left the

firm in 1987 and died in 2015—say they’ve changed their ways (May

31). They’ve eschewed boardroom battles in favor of investing in peo-

ple, not just extracting value. Consider: Some 20,000 employees have

been given $500 million in equity through eight of the firm’s recent

deals. Will the new mood hurt KKR’s performance? Eric Adamson—

formerly of Capital Safety, a construction-equipment company KKR

sold to 3M in 2015—doesn’t think so. “[Antoine Gara’s article] per-

fectly captures what I experienced with KKR at Capital Safety,” he

wrote. “Grateful I could be a part of this model.”

LEADERBOARD

FORBES INDONESIA

BY KRISTIN STOLLER