By today's standards, $10 million isn't a lot of capital to invest. But Iterative, which describes itself as a YC-style accelerator focused exclusively on Southeast Asia, says the $10 million it has raised from a cadre of Silicon Valley bigs -- including investor Andrew Chen of Andreessen Horowitz, Chi-Hua Chien of Goodwater Capital, and Qasar Younis, the cofounder of Applied Intuition and former COO of Y Combinator -- is enough to make its mark on the region, where it's been writing checks to nascent startups over the last 18 months.

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