Posted on

Bike-sharing startup Ofo terminates staffs over the phone without compensation

The company’s Singapore firm reportedly laid off nine or 10 of its employees over a phone conversation

The tumultuous bike-sharing startup Ofo reportedly has laid off nine or 10 people from its Singapore operations team right before the Chinese New Year holidays, as reported by TODAY.

The move comes right amidst stories of the piling debt owed to vendors. The numbers suggest it owes SG$700,000 (US$519,000) in logistic services.

Also Read: RHL Ventures invests in Malaysia’s interior design marketplace Atap.co

According to sources that have knowledge of the layoffs, some employees were contacted over the phone and told that January 31 would be their last working day. They were not given motivation or any of the one-month compensation offer as stated in their contract. They will only receive their last salary for January.

One of the employees being laid off spoke TODAY and shared that Jack Zhou, General Manager of Ofo called him and let him go with no specific details of what will happen to the company. No argument ensued.

Another laid off staff member also shared the same experience and said that it’s part of the risk working in startup, especially one that has been getting negative coverage like Ofo.

Two weeks ago, the LTA (Land Transport Authority) issued an ultimatum to Ofo, warning the firm to cut down its fleet to the maximum size of 10,000 and set up a QR-code parking system by Feb 13 as part of regulatory requirements, or its license could be suspended.

Also Read: Google, JD.com, Tencent confirm leads in GOJEK Series F fundraising

Ofo’s Managing Director Sebastian Lee has stated that a possible exit from Singapore could happen soon, although LTA confirmed it hasn’t received any filing of operation discontinuation.

The post Bike-sharing startup Ofo terminates staffs over the phone without compensation appeared first on e27.

Posted on

We are on the way to the first 8 cities of Echelon Roadshow 2019

It’s Echelon season and we’re taking the Echelon experience to you

Last Monday, we announced that Echelon Asia Summit 2019, which is happening on May 23rd and 24th in Singapore Expo, is now open for registration.

But before that, we can’t help but want to give you a preview of the Echelon experience, in a city nearest you.

We are heading your way with the Echelon Roadshow for an afternoon of sharing insights and making connections – yes, exactly like a mini-Echelon.

Our speakers are founders themselves, who will not only tell you their startup story, but dispense advice and tips to help you out in your own entrepreneurial journey.

Best practices? Things to avoid doing? Tools you can use? A lot of moral support and encouragement? Get all that and more in our Echelon Roadshow discussions.

We will also be announcing the TOP100 APAC 2019 Qualifier winners during the roadshows so you will get to find out who would be representing your country in the TOP100 Semi-finals during Echelon Asia Summit.

(If you would rather take a shot at being one of your country’s representative in the semi-finals,, you can still join TOP100.)

 

Announcing the first 8 cities of Echelon Roadshow 2019:

1. Singapore – 7 March 2019


Happening at WeWork Cross Street. Register here.

 

2. Ho Chi Minh – 12 March 2019

Happening at WeWork E. Town Central. Register here.

 

3. Phnom Penh, Cambodia – 14 March 2019

Venue to be announced soon. Register here.

 

4. Bangkok – 19 March 2019

Happening at WeWork Asia Centre. Register here.

 

5. Manila – 21 March 2019

Happening at WeWork Uptown Bonifacio. Register here.

 

6. Yangon – 2 April 2019

Venue to be announced. Register here.

 

7. Jakarta – 4 April 2019

Happening at WeWork Menara Astra. Register here.

 

8. Kuala Lumpur – 16 April 2019

Happening at WeWork Equatorial Plaza. Register here.

 

Watch out for announcements on more cities, speakers, and other updates soon. You can also see our updates (as well as share yours) on social media using #Echelon2019.

 

Echelon Asia Summit 2019 happens on May 23-24 at the Singapore Expo. Don’t miss out on sharing insights and creating meaningful connections with 15,000 of APAC’s tech community. Get your tickets at US$10 each, limited to the first 1,000.

Register to #Echelon2019 today!

The post We are on the way to the first 8 cities of Echelon Roadshow 2019 appeared first on e27.

Posted on

8 productivity hacks to streamline your work-life

Why be busy when you can be productive?

Work in an open office?

Too many meetings and events?

Can’t stop checking your phone?

Writing this article is ironic.

I know many people, including myself, who are guilty of spending more time reading about productivity than actually getting work done.

When we are unproductive, the chief culprit is our own mind: a hungry, voracious “toddler” that craves distraction.

While it’s hyper-productive in generating endless wants with limited stimuli, it’s unfortunately not productive in doing serious stuff. We may find ourselves with an entire hour to work, but if we see a cat video, our mind will get distracted and make us want to see more cats.

My main productivity rule is that it’s not about more time, but more attention⏤my preferred byword for discipline, willpower, focus, and concentration.

For our personal productivity system, I also believe that it’s less about the tools and more about the rules. First-world problems (e.g. our productivity) stem from abundance, not scarcity.

What matters is not access to more; rather, it’s how we filter the few.

Here are some ways we can prepare our brain to accept the tools that suit it best.

Social media is the new sugar

The first step?

Know thy enemy.

I can think of no finer founder than Slack CEO Stewart Butterfield to point out the problem of cognitive diabetes⏤that infinite loop of messages, emails, and notifications that impairs our mental abilities.
Let’s call a spade a spade: Social media is the new sugar.

It blocks our routines the way sugar clogs up our minds.

We need to start clearing this blockage; timebox your aimless browsing time.

Move social media apps inside a folder, then hide it a few screens away. Turn off push notifications for most apps, except important ones.

(At this point, I must stress that you do this, or any of my following rules, in gradual stages. Going cold turkey, like deleting your social media apps, won’t work. Ration it. Let your body and mind adjust.)

Routine = workflow + ‘lifeflow’

Mention “routine” and you might think “boring.”

But like it or not, humans are creatures of habit.

If you don’t have a fixed time, place, and sequence to work, the constant change in our physical and digital worlds will eat you up.

At my last job at Zendesk, we thought a lot about workflows of customer support teams.

When I did customer visits, what struck me wasn’t what they did inside our product, but what they did before, during, or after they use it.

The same applies to our work.

We need to think of the surrounding membrane of life activities, or “life-flow,” so productivity fits in naturally into our daily routine.

Think about the things you do before you actually start work⏤get coffee, play music, open laptop, then work.

Figure out this sequence so you fit into a seamless flow and, without much effort, comfortably land in work.

Shields up! Get into battle mode

Check in with my calendar and team to make sure no one needs me for the next hour or so.

Go to the restroom. Get water.

Wear earphones. Blast the same music.

Turn on Pomodoro timer app.

Turn on Do Not Disturb mode on phone (go Airplane Mode if you are hardcore). Put your phone face down so you won’t see it light up.

I swear this is literally my mini-routine when I really want to get stuff done; I call it my “deep work” mode, and it feels a lot like gearing up for war.

Sounds like a lot of work? Don’t be lazy.

That’s how you started reading this.

To-dos are baby food: shatter and downsize

Remember how I said our minds are like hungry, voracious toddlers that crave distractions?

This might be why to-do lists can be scary and our minds end up craving a sugary treat.

The trick is to imagine to-do lists as baby food: Break down a scary task into manageable bite-sized chunks. This lowers the fear factor and builds momentum.

Let’s say you are writing a monthly investor update and your metrics are shit.

Focus on the good news first. If that is still scary, come up with a micro-task such as creating a document and naming it “Monthly Investor Update.” Make this a task you write at the top of your to-do list.

Next, make the next micro-task “write two sentences.” Don’t care what they are and don’t edit them yet since you ain’t sending them.

Start your day feeling GREAT

Since young, many of us (especially males) are taught that emotions make us weak, but science has discovered that emotions play a significant role in our decision making.

This is why it is important to feel good at the start of your day.

Soften up your scary to-dos.

Prioritize a few micro-tasks at the top of your to-do list and bag a few quick wins. Even better, cross them off once done in the most satisfactory way possible, such as with a giant Sharpie marker or a big green tick.

Let the endorphins give your fuzzy mind a jolt of happiness!

Deadline yourself

If you hate happiness, go for its evil twin: fear.

We all know our worst enemy is ourselves. They all have the same name too: willpower (or rather, the lack of it).

My best work is done under a timeline.

Also Read: What I learned about procrastination while scaling my startup to 4.2M users

If you don’t have one, manufacture one. Promise a co-worker or your boss to deliver by a certain time. Make that person your accountability buddy.

Here, the scarier the better. Don’t get your good friend or partner who might just mollycoddle you. I use investors to scare myself into deep work.

Depending on your motivation style, pick the carrot or stick.

Train your mind: meditate

You must be sick of me comparing your brain to a baby by now, but that is why I meditate and built a meditation app, MindFi.

You may have heard of the “monkey mind,” or how much our conscious mind resembles an excitable child.

Fundamentally, meditation trains our minds’ attention muscle. It’s also why 80 per cent of successful leaders meditate (Tim Ferriss’ words, not mine).

For me, I meditate the moment after I wake up. No checking of overnight notifications, no social media, no bullshit.

Also Read: Startup of the Month, January: Vietnamese e-wallet service MoMo

I move from my bed to my chair (all about the routine!) and do my unguided meditation while tracking my EEG brainwaves with the Muse meditation headband.

While doing my routines throughout the day, I meditate or stay mindful with my eyes open.

No is the new Yes

In the age of FOMO, saying “no” is the new cool.

You’re only awake 16 to 18 hours per day; it would be a shame to spend most of them in aimless meetings.

Project updates, brainstorming, agenda-less meetings or just a plain “let’s grab coffee” are time wasters for you and the person you meet.

Restrict yourself to x amount of meetings per day. Ask politely for the agenda so you know how best to help them. Bunch meetings together by time. Locate them near each other to cut commute time.

The outcome?

Big chunks of uninterrupted time every day, for your own deep work or with your team. Every aimless meeting avoided is more time for your work.

I only take meetings at the very start or very end of my day. You will know if you are doing it right when you look at your calendar: a nice long uninterrupted streak of meetings within a condensed period of time (I love visual cues).

Paul Graham has an excellent article about this.

There are thousands of products that you can use to help with productivity.

So what if you know the tools that Elon Musk or Jeff Bezos use daily for work and life?

The best tools are only as good as the hands (or mind) that wield them.

e27 publishes relevant guest contributions from the community. Share your honest opinions and expert knowledge by submitting your content here.

The post 8 productivity hacks to streamline your work-life appeared first on e27.

Posted on

Mobile parking app SomJot wins SmartStart programme in Cambodia

The startup has also won a fully-funded tech trip to Singapore, and will get an opportunity to visit the likes of Facebook, Google and Microsoft

SomJot, a mobile parking app that helps vehicle owners find parking spaces in Cambodia, has been selected as the winner of SmartStart Young Innovator Program Cycle 2, organised by mobile telecom operator Smart Axiata, at Impact Hub Phnom Penh.

The startup has also won a fully-funded “tech trip” to Singapore, and will get an opportunity to visit the likes of Facebook, Google and Microsoft.

“Congratulations to SomJot for making substantial progress in the last six months, once again raising the bar for SmartStart in terms of output quality. Their pitch made us all proud of the tremendous efforts put into the program. Such an initiative proves that the Kingdom’s startup ecosystem is growing and being stimulated by great talent — it is a positive sign for our shared vision of Cambodia’s sustained digital economy,” said Thomas Hundt, CEO of Smart Axiata.

The four other teams in the finals were: Homex, a mobile app that connects users with household needs to reliable technicians; Haystome, an online platform that connects tourists with local artists for a truly authentic experience; Malis, a digital solution facilitating appointments at beauty salons; and Tos Rean, an online platform matching tutors and students.

Also Read: Startup of the Month, January: Vietnamese e-wallet service MoMo

All the five startups had received US$4,000 each and a six-month incubator programme with Impact Hub in June 2018.

Ny Chanpichmean from SomJot said: “My team and I have been working very hard to define our business model and develop our minimum viable product. Although we had to face many challenges in the last few months, we were grateful to have experienced mentors, Impact Hub and Smart, who guided us along the way. We look forward to build on this success as our digital product and service gains traction in Cambodia.”

Mélanie Mossard, Impact Hub Phnom Penh’s Director of Venture Support, said: “The quality and hard work on display in SmartStart Cycle 2 has been amazing. It has been great to see how these young university students have all responded to the advice and workshops during the incubation period. I really admire their commitment and desire to learn and get exposed to new networks and opportunities. We at Impact Hub can’t wait to see all the teams further develop their ideas and use our continuous support to guide them through their entrepreneurial journey.”

SmartStart is a 9-month programme by Smart and Impact Hub endorsed by the Ministry of Posts and Telecommunications, and Ministry of Education, Youth and Sport. The programme aims at enabling promising Cambodian university students to launch their digital business ideas. Shortlisted students undergo a hackathon, 5-day technopreneurship challenge, as well as intensive workshops to stand a chance to win US$4,000 cash and tailored support for six months with Impact Hub.

The post Mobile parking app SomJot wins SmartStart programme in Cambodia appeared first on e27.

Posted on

From meditating to delegating; how I manage work-life balance as a startup founder

All this without a cup of coffee

I am Bjorn Lee and I am the founder and CEO of MindFi, a smart meditation app for busy humans.

I have always had a love-hate relationship with meditation.

I was forced into it when I had chest pains in India, and I loved doing it there. But, I hated it when I went back to work.

Then, I spent the past seven years hacking my routine to build a habit.

Before MindFi, I was a product manager at both Zopim and Zendesk—the latter of which acquired the former. Prior to that, I founded an edtech startup in Silicon Valley and was a VC for three months before deciding on a life in the trenches.

Here’s a day in my life now.

8 am: Wake up, meditate, and cycle

I always snooze through two alarms before waking up.

The Apple Watch’s Breathe app is essential for its haptic feedback and heart rate variability tracking that gently jolts my wrist and body into motion.

Being as lazy as a fish, I immediately sit on my meditation chair for the next 10 to 20 minutes before I change my mind.

I never set a countdown; I just use a timer and stop on my own to prevent jarring shocks.

I end my meditations by thanking a bunch of people and saying encouraging words to myself.

Occasionally, I would jot them down in my journaling app, Day One, using the Tim Ferriss method.

And, if I still don’t feel good, I will cycle on my elliptical for 15 minutes which is my substitute for a caffeinated wake-up.

9 to 10 am: Plan to-dos with the team or attend meetings

I do a virtual “standup” on Slack with my team and check in on our to-dos for the day. Since half my team of six is overseas, I strive to ensure that I have ample face time with them.

This means that I only do external meetings at the start or end of my day to preserve my midday for team discussions or personal deep work.

I do this also because external meetings kill my productivity due to the commute time and the switch in mental gears.

This was inspired by Paul Graham’s essay “Maker Schedule, Manager Schedule.”

11 am to 1 pm: Deep work

I write my to-dos in chronological order and ensure some simple tasks are at the front.

This builds up a head of steam, which I would then use to move on to more challenging tasks like analyzing metrics, thinking through used cases for designs, or grooming the product backlog.

I use the Pomodoro timer in my MindFi app (also called “Deep Work”) and crank it up to the maximum two hours.

Then, I blast my trusty EDM music on my earphones and don’t come up for air until lunch.

I usually end my two hours with a five-minute meditation, which automatically comes up on my app.

1 to 1:30 pm: Lunch

I don’t eat breakfast, so this is my first and largest meal of the day.

My lunches are very quick affairs because I don’t want to break my rhythm. I also avoid lunchtime meetings because I have this notion that good food clouds the brain.

I always pick the shortest queue but make it an effort to walk to my lunch to get some exercise.

1:30 to 6 pm: Team huddles, power naps, and deep work

I usually check in with my team after lunch, especially when there are exploratory tasks that require investigation.

Timeboxing such tasks into half-day periods can help prevent overthinking and quicker communications across my remote team.

I am also a big believer of power naps and would buy sleep pods for my team if I could afford the luxury.

Also Read: 15 truths that actually transformed me into a happier entrepreneur

My energy crashes around 3:30 pm, so I will take a 15-minute nap lying down. Even if I can’t fall asleep, I try to focus on my breathing during this time. If I can’t nap, I take a 10-minute walk around the block or to a nearby park.

After my nap, I get my second wind and feel like my mind has done a hard reset. This means more deep work, which brings me to the end of the day.

6 to 8 pm: End-of-day standup and meetings

My window for external meetings opens up again at this time.

I would also do a virtual standup to update my to-dos for the day and, if time permits, deal with any contingencies or blockers for the next day.

8 to 12 midnight: Personal downtime

I don’t work during this period.

Also Read: How to manage energy and improve your productivity

This is reserved for dinner, social outings, my aquaponics farming habit, and reading or movie time.

My aquaponics hobby has given me a much-needed and (literally) natural respite from my tech startup career.

I enjoy tracking the growth of my plants and fish, managing the ecology, and geeking out on ways to scale to a sustainable food production system.

12 midnight to 1 am: Calls with advisers

This time is reserved for my calls to advisers in the US.

I rarely use this slot, but I am a late sleeper and have gotten used to it over time.

Some other notes:

  • Every year, I go for a two-week, off-grid vacation where I don’t buy a SIM card, go to a small town, and talk to locals.
  • I have my phone’s do not disturb mode permanently turned on unless I am expecting a call.
  • I never turn on notifications on my laptop. My phone is distracting enough.
  • I save half a day on weekends to do extended deep work with a giant screen and whiteboard. This allows me to really let my brain spill out its crap and reorganize things. I call it my personal defrag time.

e27 publishes relevant guest contributions from the community. Share your honest opinions and expert knowledge by submitting your content here.

The post From meditating to delegating; how I manage work-life balance as a startup founder appeared first on e27.