In Patrick Grove’s world, there are no regrets, only lessons, and an unwavering commitment to building a better digital future
“If I’d just hung around for six more months, I would have been a chartered accountant,” says tech entrepreneur Patrick Grove of his early career, when he joined now-defunct accounting firm Arthur Andersen. But even though he had completed most of the chartered accountant exam, he was eager to start an internet company in Asia: it was 1999, and the dotcom revolution was beckoning. This was an era marked by a proliferation of startups when investors were pouring money into tech companies as the world eagerly anticipated the dawn of a new era—the digital age. So Grove left and started a dotcom company called Catcha.com, which went on to grow at breakneck speed. A year later, just as it was about to go for an IPO on the Singapore stock exchange, the dotcom bubble burst. Grove was 25 years old.
Read more: Patrick Grove is devoted to Southeast Asia as his brand, product and market
“I would have been the youngest CEO of a public company ever,” says Grove, laughing as he shares the concluding events of the failed IPO. “So we’re one week away from being a public company and we were on the roadshow. Day one was in Singapore and day two was in Hong Kong. While we were flying to Hong Kong at night, the US stock market crashed,” he says. “The next morning, the deal was off—there’s gonna be no IPO. That’s it. What was really funny was that... it showed us how quickly the merchant banker was prepared to break up with us.
“It was awful at the time, but it was just a great lesson because you realise that you don’t take anything for granted and nothing is done until it’s done.” He says the experience taught him to “never celebrate until it’s actually happening. That’s one of the things I try to say to people at work: ‘Is this signed? Is this paid?’ Literally don’t celebrate, because you’ve got nothing. I think a lot of people—especially when they’re younger and naive—don’t realise it: people flake on you!”

With an aborted IPO and US$1.5 million in debt, Grove and his team nevertheless hung on. By 2005, they had managed to turn the firm around; today, it is regarded as one of the few dotcom survivors. Present-day tech entrepreneurs look at Grove’s company-building and investing track record in awe: he has an impressive track record of six IPOs across three exchanges under his belt.
When Tatler invited Grove for an interview, he put forward the idea for an AI-inspired cover, good-humouredly proposing images of him “flying above the [Petronas] Twin Towers using [AI image generator] Midjourney” or being “surrounded by computer cables... like spaghetti.” Further exchanges of ideas between the Tatler team and Grove resulted in this profile spread: a physical shoot merged with Midjourney-generated background settings.
“AI is a massive game-changer, and a huge technological and investment wave to ride,” says Grove. “Every company needs to incorporate AI to stay relevant in the next five to 10 years. It’s like how today, if any company doesn’t have a digital strategy, they are irrelevant… It’s the same for AI.”
See also: Patrick Grove believes in the (near) future of AI
Grove is now the chairman of Catcha Digital Berhad—listed on the Bursa Stock Exchange. The company’s mission is to help as many Malaysian tech entrepreneurs continue to build great businesses. “We find that Malaysia has so many incredible under-the-radar tech entrepreneurs that have built what we call PDCs [Profitable Digital Companies]. We want to invest in them, back them, merge with them and help them with chapter two of their journey.” Grove explains that while “chapter one” is about proving product viability and profitability, a lot of entrepreneurs get stuck at what he calls Chapter Two.
“Chapter Two involves questions like ‘Do I have the right partners?’, ‘How do I expand regionally?’, ‘How do I hire great talent to help me?’, ‘How do I double my business in five years?’ We experienced all these questions and more during Catcha’s journey and we think we are in a great position to help others.”