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Talino Venture Labs banks US$1.25M to grow its inclusive fintech venture studio

Talino Venture Labs CEO Winston Damarillo Talino

Talino Venture Labs, a global venture studio for inclusive fintech, has secured US$1.25 million led by Wavemaker Labs, a next-generation corporate innovation fund investing in North America and Southeast Asia.

Foxmont Capital Partners, Johnsen Global Business Ventures, and Manila Angel Investors Network (MAIN) also joined the round.

The Philippine startup will use funds for technology R&D and working capital.

Talino Venture Labs also announced that it has launched an equity crowdfunding campaign on Wefunder.com and received commitments of over US$270,000 from almost 100 investors.

Also Read: Edukasyon investor Foxmont joins Philippine proptech startup AHG’s US$1.1M seed round

Born in the intersection of Silicon Valley and Southeast Asia, Talino Venture Labs is on a mission to bridge financial inclusion for over 1.7 billion people around the world. It uses the venture studio model to build repeatable, scalable, and profitable fintech companies that empower underserved, underrepresented groups around the world with financial access and mobility.

Talino has already incubated six fintech startups, such as BayaniPay, Neotech, Asenso, Saphron, Unawa, and DevCon. They together serve ~10 million customers within the US and Asia corridor.

“Talino Venture Labs started almost three years ago with the mission to become a venture studio for inclusive fintech,” said CEO Winston Damarillo. “While our venture studio has already been able to raise US$7 million in venture capital for our portfolio companies and operate profitably with over US$2 million in revenue since 2019, our latest funding round and our equity crowdfunding campaign signal a new chapter in Talino’s history.”

“Now, we’re making Talino itself accessible to retail investors who want to invest in innovation with impact. For as little as US$100 on our Wefunder campaign, they can be part of our journey to empower the emerging middle class with inclusive fintech innovation. This is closely aligned with our own mission of inclusive finance as we make financial opportunities available to more people around the world,” he added.

Image Credit: Talino Venture Labs

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How to split founder equity without splitting up

founder equity

You have come up with a great startup idea. You have spent months vetting the idea with dozens of customer interviews. You have even written some code to build a quick and dirty prototype.

However, when you met with some angel investors to getting funding for your company, they told you that you need to have a business co-founder. Luckily, it turns out that your college classmate who has an MBA really likes the idea and wants to join the effort.

He wants to join as a founder and get founder equity. But it doesn’t seem fair to split the equity 50/50. After all, you came up with the idea and did a lot of work to get the idea off the ground.

So, how much equity should you give your co-founder so that he feels motivated to join and work long hours to make the company successful?

This is a question that I commonly get asked by founders as they build out their management team. There is no magic formula that you can plug numbers into that will spit out an equitable founder equity split.

However, in this article, I can share the general principles that you can apply to come up with a reasonable equity split that you can use for the basis of negotiation with your co-founder.

Employee option pool

Before you split up equity with your co-founder(s), you need to first set aside an Employee Option Pool to grant options to employees that you hire. Most VCs will require you to set aside between 15 to 20 per cent of the company’s equity for an option pool.

The best way to determine this percentage is to develop a budget outlining how many employees you plan to hire in the next two years and assigning how much equity you would give to each position.

For example, members of your management team might get between two to three per cent of equity whereas entry-level employees would get between 0.1 to 0.2 per cent equity.

Also Read: SEA tech founders playbook: A to Z of becoming a fundraising legend (Part 2)

Cash investment

If you and/or your co-founder(s) are planning on investing actual cash into the company, it should be treated like any other outside investment. You can then select an appropriate valuation for the company and then calculate the equity that each of you would get as a result.

To determine an appropriate valuation for the company, you can consult with local angel investors to get their feedback on the company’s valuation based on the team and the progress you have made.

Let’s say that you invested S$50,000 into the company and your co-founder invested nothing and you valued the company at a S$1 million valuation. You should get $50,000/$1,050,000 or around five per cent of the company. The remaining equity can then be divided based on the rules outlined below.

Idea development

Ideas can be a dime a dozen as a startup’s success will depend largely on execution. However, if you have spent a few months seriously validating the idea before recruiting a co-founder, then you should get some credit for developing the idea.

Or perhaps, you are a technical founder and you have already developed a prototype for your idea. Idea validation should get you a five to 10 per cent premium whereas IP development should get you a 20-25 per cent premium depending on how much time you have invested in developing the IP.

CEO’s role

If there are two co-founders, you can’t split the equity 50/50 as you could end up in a tie in deciding contentious issues. Since the CEO is the final arbiter of decisions, he or she should receive more equity.

Investors also value the CEO role compared to other roles in the company and will grant more equity to a CEO if they are hiring an external CEO. The CEO should get a five per cent premium for taking on that role.

Doing the math

Let’s take the example so far to see how the equity should be split up. The two founders both start off with a 50/50 split in terms of shares or 50 shares each out of 100 shares. Since you are the CEO, you get an additional five shares.

You have also done the idea validation and built out a prototype – as a result, you should get an additional 25 shares. So, you end up with 50+5+25 = 80 shares and your co-founder ends up with 50 shares. This means that you get 80/130 = 62 per cent and your co-founder gets 38 per cent of the founder’s equity.

However, you still need to account for the employee option pool and the equity you should get for investing S$50,000 in the company. This means that you allocate 20 per cent to the option pool, another five per cent for your investment leaving 75 per cent of founder equity to split up.

You will get 62 per cent* 75 per cent or 47 per cent and your co-founder will get 28 per cent. Your total equity stake will now be 47 + 5 = 52 per cent and your co-founder will get 28 per cent. This means that you get twice the equity as your co-founder which seems fair.

Also Read: Exceptional founders to nurture, invest in promising startups as part of Monk’s Hill Ventures’s new programme

Utilising a neutral arbiter

You can do all the math in the world to come up with an equitable equity split. However, you could still end up in a difficult negotiation with your co-founder(s). I, therefore, recommend that you find an experienced and well-respected founder or investor to come up with the equity split recommendation that all of you have to abide by.

That person can interview each of the co-founders to understand their contributions and then recommend the equity split that you should follow. This will result in significantly less contention and bad feelings among the founders.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic

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Image credit: kanghj103

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In brief: Indonesia’s GDP Venture invests in NZ startup Easy Crypto

GDP Venture joins Easy Crypto’s US$12M Series A

The story: New Zealand-based crypto startup, Easy Crypto, has secured US$12 million in a Series A round of funding led by Nuance Connected Capital.

Investors: Indonesian VC firm GDP Venture, New Zealand-based Pathfinder KiwiSaver (a retirement fund), Icehouse Ventures and Even Capital, and US-based Hutt Capital and Seven Peaks Ventures.

The plans: The funding will be used to expand into new markets, particularly Indonesia and Southeast Asia.

What is Easy Crypto: Founded by siblings Janine dan Alan Grainger in 2018, it trades more than 150 types of crypto assets. So far it has recorded US$750 million in sales. It currently has operations in South Africa, Australia, the Philippines, and Brazil.

Japan’s SmartRyde nets US$1.6M in Series A 

The story: SmartRyde, a global airport transfer marketplace in Japan, has raised US$1.6 million in a Series A funding round.

Investors: Angel Bridge (lead), SG Incubate, Yamaguchi Capital, SMBC Venture Capital, Hiroshima Venture Capital, Iyogin Capital, Inventum Ventures, individual investor and serial entrepreneur Shouji Kodama, Nobuaki Takahashi (NOB LLC), and Optima Ventures.

What is SmartRyde: It’s creating a marketplace to connect local transport operators and online travel agencies (OTAs). As of August 2021, it has collaborated with more than 650 transportation operators and more than 25 OTAs, including top global players such as Booking.com, Expedia, Trip.com, Traveloka (Indonesia), and Despegar (Argentina).

Plans: It will strengthen system integration with OTAs on the demand side, build a booking management system for transportation operators on the supply side, and promote digital transformation.

Image Credit: Easy Crypto

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StratifiCare attracts seed funding from ADB Ventures, Sprout for its Dengue disease prediction test

StratifiCare

StratifiCare, a predictive medical diagnostic solutions startup in Singapore, has raised S$1 million (US$729,000) in seed funding from ADB Ventures and early-stage venture capital Sprout. 

Other participating investors are Jeffrey Tiong, CEO of PatSnap, and Quek Siu Rui, CEO of Carousell.

Using the fresh capital, StratifiCare will set up pilot manufacturing facilities. It will also carry out clinical trials for its Dengue prediction test, StratifiDen, in the diseases-affected Asian nations. 

The company also plans to collaborate with clinical partners to test out StratifiDen in the Philippines, Sri Lanka, and Vietnam.

“This could have a very significant impact on the way Dengue treatment is managed in Asia and beyond,” said Yichu Zhang, investment associate at ADB Ventures.

Also read: Are biomedicine and healthcare coming of age?

Launched in 2015 by CEO Anthony Chua and friends, StratifiCare develops a broad range of predictive in-vitro diagnostics (IVD) solutions to power personalised medicine. The company says each solution can minimise hospital (re)admissions, reduce the usage of ineffective treatments, and enhance patient outcomes.

StratifiCare claims that by detecting the concentrations of particular proteins in the patient’s blood, StratifiDen can assist doctors in diagnosing severe disease complications (such as internal bleeding) and the hospitalisation needs of Dengue patients.

According to a joint study published in 2019 by four American universities, global warming, increasing urbanisation, and mosquito geographic expansion would put one billion additional people in temperate zones at risk of Dengue infection by 2080. 

The World Health Organization (WHO) also estimates that 390 million people are infected with Dengue fever each year.

Given that less than five per cent of hospitalised Dengue patients develop severe complications, StratifiDen helps assure hospital resources are reserved for severe cases during major outbreaks while also reducing the financial burdens on Dengue patients and their families from unnecessary hospitalisation. 

According to figures from a University of Washington health economics research, StratifiDen adoption would save Dengue-affected developing nations throughout the world around US$7.6 billion of direct medical cost savings per year, claims the company. 

“StratifiDen ensures that scarce hospital resources are reserved for severe Dengue patients during large Dengue outbreaks,” said StratifiCare co-founder and CEO Dr Anthony Chua.

Also read: Predictive analytics is shaping the modern life

Apart from the Dengue prediction test, StratifiCare has also expanded its offerings to include cancer medical diagnostic tests by leveraging the knowledge and infrastructure built to develop predictive medical diagnostics for StratifiDen.

According to the McKinsey report, the medtech market in Asia-Pacific is expected to expand to over US$133 billion in 2020, up from US$88 billion in 2015, surpassing the European Union as the world’s second-largest market.

Industry Insights Research also stated that the medtech sector contributed S$13 billion (US$9.4 billion) to Singapore’s GDP. 

The number of homegrown medtech firms in Singapore has increased from 100 in 2014 to more than 250 in 2018, with several recent Neuroglee Therapeutics, One BioMed, and  Leben Care deals.

Image Credit: StratifiCare

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Greywing attracts US$2.5M seed funding to tackle maritime industry’s carbon impact

Greywing, a Singapore-based startup providing operating systems for the maritime industry, has raked in US$2.5 million in seed funding.

Investors include Flexport, Transmedia Capital, Signal Ventures, Motion Ventures, Rebel Ventures, Entrepreneur First, and Y Combinator (YC).

Greywing was part of YC’s winter 2021 batch.

The new capital will support the launch of Greywing’s real-time carbon scoring solution. This tool will enable shipping companies to make decisions to minimise the carbon footprint of crew changes regarding shore-based operations, flight bookings, deviation of voyage routes, among others.

The solution comes as a part of Greywing’s new tool, Crew Change, which provides vessel operators visibility on the factors impacting seafarers’ management — especially when the COVID-19 requirements and restrictions complicate operations at each port.

“The factors impacting a maritime voyage have grown in complexity with climate change and COVID-19 being thrown into the mix, and Greywing’s traction is accelerating to match the pace of these evolving challenges,” said Greywing CEO Nick Clarke.

Also read: Maritime tech founders are more likely to find opportunities working with corporates: Dr Mark Lim of PIER71

Founded in 2019, Greywing builds solutions to support and automate ship operators’ decision-making through actionable intelligence, better data and communication.

Its four product lines are route intelligence tool CRY4, vessel monitoring system Flotilla, port-agent communications tool Semaphore, and crew management and analysis system Landfall.

With its web-first and user-centred operating system catering to the maritime industry, Greywing addresses various issues occurring during the entire voyage, such as crew changes, piracy incidents, and vessel risk. The company claims that more than 1,400 crew changes have been assessed via the system.

“The maritime industry has entered a new era where data and analytics supercharge actionable digital solutions,” said Nikolas Pyrgiotis, VP of Technology Ventures for Signal Group. “Greywing integrates data trapped in commercial, technical and crewing siloes to enable more efficient and sustainable operations for shipping companies.”

CTO Hrishi Olickel added that Greywing aims to improve efficiency across carbon, threat and cost verticals by improving decisions even before its clients’ crewing operations take action.

As per the third IMO GHG study, maritime transport accounts for about 2.5 per cent of global greenhouse gas emissions, with around 940 million tonnes of CO2 released annually. This will undermine the objectives of the Paris Agreement if actions are not put in place soon enough.

According to Greywing’s statement, 35 per cent of maritime emissions are linked to untracked flights and other down-the-line costs in the operating supply chain. Besides, the carbon impact mitigated by Greywing’s new carbon footprint tracking tool for a single vessel is equivalent to taking 274 cars off the road every year.

Image Credit: Greywing

 

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Ecosystem Roundup: Ajaib, Axie Infinity bag US$150M+ each; Grab buys 90% of OVO; Society Pass files for US$27M IPO

Ajaib co-founders

Grab buys stake from OVO’s early investors to up its stake in the e-wallet to 90 per cent
OVO is now one of Indonesia’s leading e-wallet with about US$2.9B in valuation and nearly 100M downloads; Grab’s acquisition of a majority stake in OVO will likely face some bumps ahead as the Singaporean firm will have to find a local entity to transfer this stake.

Ajaib, the ‘Robinhood of Indonesia’, adds US$153M to its kitty to become a unicorn
Investors are DST Global (lead), Alpha JWC Ventures, Ribbit Capital, Horizons Ventures, Insignia Ventures, and SoftBank Ventures Asia; Ajaib claims to have attracted over 1M stock investors in Indonesia, a country with a total of around 2.69M retail equity investors.

a16z leads Axie Infinity parent Sky Mavis’s US$152M Series B round
Co-investors are Accel Partners and Paradigm; Sky Mavis invented the play-to-earn concept for people to play, live, work and earn within virtual worlds; Its first game is Axie Infinity, where players breed, battle, and trade digital pets called Axie.

Jeff Bezos’s investment firm, Tencent back B2B e-commerce startup Ula’s US$87M Series B round
Lead investors are Prosus Ventures, Tencent and B Capital; Ula will use the funds to expand in SEA, add new categories, scale its BNPL offering, and build a new local supply chain and logistics infrastructure.

Singapore fintech Incomlend nets US$60M from Europe’s Fasanara Capital
The company plans to launch an ESG-focused SME financing programme called Incomlend ESG Invoice Financing Programme; It will give qualifying SMEs access to Incomlend’s invoice financing solutions. The program also aims to help investors connect with ESG-focused SMEs.

Society Pass files for US$27M Nasdaq IPO
The e-commerce enabler will offer nearly 2.9M shares; The money will be used to expand the platform through acquisitions of regional e-commerce firms and applications; Society Pass recently acquired the Vietnamese online marketplace Leflair.

OR partners with 500 TukTuks to establish US$50M ORZON Ventures
It will invest in the most promising startups in Thailand and SEA, seeking opportunities to create new S-Curve businesses; Focusing on both OR-related technologies and new businesses under the theme of mobility and lifestyle to further enhance business strength and create long-term growth.

SME digital financing platform Funding Societies raises US$18M debt funding
Investors are Helicap Investments, Social Impact Debt Fund, and a Japanese financial services group; The firm is on track to raise US$120M in institutional debt for funding the growth needs of MSMEs in SEA; Funding Societies enables access to finance by using alternative data points, including but not limited to the MSME’s cash flow to underwrite these loans.

Co-working major JustCo loses lawsuit to Dathena Science over late handover of leased space
JustCo had failed to hand over units on four floors of the OCBC Centre East building in Raffles Place on time in violation of an agreement made between the two firms in January 2020; The high court ruled in favour of Dathena’s claim of US$210K which comprised its security deposit and an advance monthly membership fee.

Qapita nets US$15M Series A to facilitate liquidity solutions via a digital marketplace
Investors include East Ventures, Vulcan Capital, NYCA, MassMutual Ventures and Endiya Partners; Qapita a fintech startup focused on ESOPs and cap table management; It plans to add new products to its platform to provide solutions for private companies, startups, investors, shareholders and employees.

Singapore logistics startup Qxpress acquires Hong Kong firm KorChina Logistics
Korchina’s network spans 17 countries and covers major markets in Asia including China, Thailand, Korea, Japan, and Singapore; Qxpress is mulling an IPO in the US as soon as 2022; The potential listing could bump the Crescendo Equity Partners-backed firm’s valuation between US$500M and US$1B.

VFlowTech lands US$3M to scale low-cost, long-duration energy storage solutions beyond Singapore
Investors are Wavemaker Partners, SEEDS Capital, Sing Fuels and angels; VFlowTech claims that its batteries can store renewable energy for an expected life span of 25 years; The firm’s vision is to achieve diesel-free status in remote and rural areas by providing communities there with low-cost, reliable cleantech solutions.

SaaS accounting startup Bizzi banks US$3M pre-Series A
Investors are Money Forward, Do Ventures, and Qualgro; Bizzi is an invoice processing automation solution powered by AI and robotic process automation; Bizzi connects vendors and customers to automate financial processes namely bills payments, receipt scanning, compliance, and bookkeeping.

Greywing raises US$2.5M seed round
Investors are Flexport, Transmedia Capital, Signal Ventures, Motion Ventures, Rebel Ventures, Y-Combinator, and Entrepreneur First; Greywing is building solutions for ship operators to automate their business, through actionable intelligence, better data and communication.

Indonesian online lender UangTeman sued for US$1M
The lawsuit was filed by a Japanese company called Real Capital for defaulting on its loan obligations; But UangTeman CEO Aidil Zulkifli says that his company did not have any legal or contractual relationships with Real Kapital.

Innoven Capital backs millennial mothers-focused Philippine e-commerce startup edamama
edamama will use the capital to accelerate its logistics and fulfilment capabilities in advance of a Series A funding round early next year; In July, edamama bagged US$5M Gentree Fund, Robinsons Retail Holdings, Kickstart Ventures, and Foxmont Capital.

21 Southeast Asian startups that help banks gain ground in fintech competition
These fintech startups are blazing a path in innovating and supporting traditional banks’ digital transformation and expansion on all fronts.

Singapore’s travel-tech startup Vouch bags US$1.1M led by Forge Ventures
The startup will use the funds to innovate its new product line of guest experience platforms and expand its business into global markets, including Hong Kong, Macau, South Korea and the UK; Vouch’s AI and chat-bot tech allows guests to scan a QR code on their mobile phones to check-in, make room requests, order F&Bs and receive instant answers to FAQs.

Komunidad nets US$1M funding to help businesses adapt to the consequences of climate change
Investors are Wavemaker Partners (lead) and ADB Ventures; Komunidad provides environmental intelligence services for clients in utilities, agriculture, mining, education, BPO, and local government sectors in SEA and India.

Hometaste raises US$576K via ECF platform pitchIN to scale cloud kitchen business
Hometaste enables customers to order food from home chefs in their neighbourhood, currently concentrated in Klang Valley; It provides support for home chefs by giving them a platform to expand their F&B business.

Next-gen fleet management platform TransTRACK.ID raises US$550K
Investors include Cocoon Capital (lead), Indonesian Women Empowerment Fund; TransTRACK.ID offers an all-in-one, fleet telematics solution to help the logistics industry optimise fleet operations; The platform collects and analyses real-time telemetry data such as geolocation, fuel level, mileage, and maintenance alerts for each vehicle.

ShopeeFood gears up for Thailand launch
This comes after Foodpanda’s business in the country lost a number of users and merchants on its platform after a social media fiasco in July; Foodpanda Thailand was blasted online after it said it would fire a rider who took part in a pro-democracy movement.

Image Credit: Ajaib

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Funding Societies lands US$18M debt fund, on track to raise US$120M

(L-R) Funding Societies co-founder and group CEO Kelvin Teo and Helicap co-founder and CEO David Z. Wang

Funding Societies (also known as Modalku in Indonesia), an online lending platform for small and medium enterprises (SMEs) in Southeast Asia, has secured US$18 million in debt funding.

Lead investors in the round are Helicap Investments, Social Impact Debt Fund, and an unnamed Japanese financial services group.

Also Read: Samsung backs Funding Societies to drive its vision of financial inclusion for SMEs in SEA

Together with funding received from European impact investors such as Triodos Investment Management for Indonesian business loans, Funding Societies is on track to raise US$120 million in institutional debt.

Funding Societies will use the new funds for lending to deserving MSMEs, propelling its mission of enabling financial inclusion in the region.

Established in 2015, Funding Societies provides MSMEs with business financing. It harnesses the power of technology to give underserved yet creditworthy MSMEs financial access through its digital platform.

In Southeast Asia, MSMEs contribute to more than 50 per cent of each ASEAN Member State’s GDP. Still, because many lack a strong credit track record or collateral, they are often rejected for business loans by traditional financial institutions.

Funding Societies enables access to finance by using alternative data points, including but not limited to the MSME’s cash flow — its ability to repay the loan — to underwrite these loans.

Licensed in Singapore, Indonesia, Malaysia and Thailand, Funding Societies claims to have helped finance over 4.8 million business loans with over US$1.5 billion in funding in the last six years.

Also Read: SME lending during the pandemic: Is it sensible or unwise?

In December 2020, the lending startup received an undisclosed amount of investment from Samsung Venture Investment Corporation (SVIC). A few months earlier, it secured US$40 million in April.

Its other backers are Sequoia India and Softbank Ventures Asia.

Helicap is a Singapore-based alternative lending firm that provides private debt investments to accredited investors, including family offices, HNIs, impact funds, and institutional investors.

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SpeakIn founder on the value of lifelong learning for entrepreneurs

SpeakIn

Perched on the benches of various academic institutions across the globe, with an eagerness to learn and grateful for the opportunities that came with the lessons, I have often wondered how independent ‘leading’ and ‘learning’ were from one another.

Whenever time and experience allowed me the discretion to, I also caught myself pondering about how different learning could be under the right kind of leadership and how I could contribute to that equation.

Determined to unravel the equation of adequate coaching techniques for budding professionals and entrepreneurs, I began to observe various professional leaders and realised that there was a common theme – successful leaders never stopped working on themselves to become qualified for their jobs and were always upskilling themselves, thus, reinforcing my decision to create a holistic platform – SpeakIn –  for professionals to easily access global thought leaders.

Equipped with the gumption to close the prevalent gap between leadership and learning, and to democratise opportunities for the keen professionals, SpeakIn was born. Created with the vision to revolutionise professional development, SpeakIn is the brainchild of a keen learner who aspires for professionals to be able to tap on the experience of thought leaders worldwide.

Now, more than ever before, is it important for professionals regardless of their experience or industry, to embrace professional development. On a micro level, SpeakIn strives to appeal to individuals’ growing importance of wanting to do more and better.

On a macro level, SpeakIn has the potential to be the catalyst for a tectonic shift in different workplaces, completely independent from varying business models.

I have always believed that nothing comes out of nothing, and being a leader is not merely restricted to what I, as an individual, can do but also transcends into how I can facilitate others through synergising ideas and thoughts. The biggest lesson that I have learnt on this journey of empowering other like-minded professionals, is that leadership isn’t at all mutually exclusive from learning.

Also Read: Edutech is surging, but here are the 3 issues it is facing

Amongst others, and perhaps equally as important, are the pursuit of a bigger purpose and embracing agility in all forms.

Through this article, I’d like to share the key lessons I have learnt in my lifetime of leadership and how these help me with achieving my goals through continued learning.

Pursuing a greater cause

An element of vital importance is one’s ability to understand what their purpose is, and to be able to comprehensively justify that purpose. On your professional journey, generic statements about hypotheticals are just not going to cut it. You have to envision the impact that you will create on the world, and embrace it wholeheartedly.

While pragmatism often loses out to idealism, making it virtually impossible for any of us to completely live into our purpose all day, careful planning and hard work make it easier to achieve our goals consciously and effectively.

In the earlier stages of my career, traditional development plans often led me to think I could not have outside interests and commitments in the name of staying focused on a ‘traditional’ career path.

However, over the years, I have understood that taking a holistic view of professional opportunities, coupled with meaningful and purposeful-led learning, has helped me become a stronger leader.

Once the greater cause is understood, it is much easier to work backwards from there to set smaller, specific goals. With the help of learning tools that can be incorporated into your professional career regime, continued learning and skill set accomplishments are no longer a thing of the past.

Using my own purpose as an example, with SpeakIn, we hope to take one step forward to equip different individuals with personalised opportunities to learn from top thought leaders in various industries and revolutionise learning and leadership, with the use of technology.

It is of paramount importance to us that we assimilate learning and innovation through our platform and make continuous learning happen without the effects of geographical barriers.

The purpose is not a list of the education, the background you come from or even the skills that one has accumulated over the years. The purpose is also not a professional title, limited to your current job or organisation. Confusing your career with your purpose-led ideations makes effective leadership difficult to accomplish.

The purpose is also not some feel-good mantra like ‘empowering our clients to achieve stellar results, while fulfilling our commitment to the professionals of society’.

The purpose is not virtuous and not what you think society expects of you. The purpose is natural. It is the willingness to provide without the need for remuneration or incentive.

Purpose is what makes you intrinsically and exclusively you, an understanding of which makes achieving your goals that much more impactful.

Also Read: Edutech is opening up opportunities, but we need to get it right

Articulating a clear vision

While your leadership purpose is who you are and what makes you distinctive, it is also important to have a vision. Regardless of the professional stage, you are in, it is equally crucial to identify how you do your job and why— the direction you want to achieve as a leader should also be aligned to a greater vision that is shared by the organisation you represent.

Over the course of my career, I have come to realise that many leaders from various industries and professions have a poor sense of individual direction. This makes it extremely difficult to distil their purpose into a concrete statement that can be shared with colleagues and team members.

They may be able to clearly articulate their organisation’s motto to appease stakeholders, but falling back on nebulous statements makes it problematic when it comes to translating your vision and purpose into action.

Consequently, professionals and to a large extent, even organisations, limit their aspirations and often fall short of achieving their most ambitious professional goals. As a business leader myself, I have always found it extremely useful to speak with other C -suite individuals, who would give me a fresh perspective on certain business scenarios.

When you are able to provide insights into your vision, you increase the probability of finding someone who is in pursuit of the same goals. After all, no man is an island and we can all learn from one another through effective communication.

SpeakIn was also set up with the vision of giving global thought leaders from various industries a platform to share their experience and mentor other like-minded professionals, who can articulate their vision to help other professionals develop themselves.

By going online and eliminating geographical barriers that otherwise made cross-border mentorship and education impossible, we hope that this vision is emulated in different territories, and we can increase the pool of global thought leaders from whom many professionals can benefit.

Had I not been able to articulate my vision of reconstructing experiential learning, I would have done myself and may others a disservice, as I would not have been able to effectively aligned with my team, who have together made it possible to create an easily accessible and versatile platform that SpeakIn is today.

Today, organisations and professionals can learn seamlessly via our platform with supporting content such as videos, blogs, podcasts and even 1-1 personal learning sessions.

Knowing that people are the key to success

Lastly, it is incredibly important to know the value of the people you work with. I have always believed that an efficient way to effectively create waves within an organisation, is to focus on leadership development and continuous upskilling.

There is almost no limit to the potential of an organisation that recruits people whose core beliefs are aligned with yours, and who are willing to engage in constant upskilling practices, for the betterment of the organisation.

Whether we like it or not, we all come from different upbringings, have different values and have been educated through different institutions. If organisations could acknowledge the differences and optimise the effects of our differences, then the outcome can be significantly positive.

Working with several other organisations and over 18,000 thought leaders since starting SpeakIn, we’ve helped more than 350 clients through the upskilling process. It is also humbling to see when we track and review their progress over the past years.

With the use of SpeakIn, professionals have seen two-step promotions and sustained improvement in business results. Professionals are now more than ever, innately equipped with the ability to develop more capabilities to thrive in even the most challenging times.

Also Read: 3 lessons from a founder who scaled his startup to 13 markets in five years

With the leadership idea of continued learning and upskilling, organisations can look forward to a multi-skilled, driven and high achieving workforce that will remain a key asset to the success of the company.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic

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Thai oil firm OR, 500 TukTuks launch US$50M mobility and lifestyle fund ORZON Ventures

The ORZON team

SGHoldCo, a wholly-owned subsidiary of Thai oil company OR, and early-stage investor 500 TukTuks (now 500 Global), have jointly launched a US$50-million fund to invest in startups in Thailand and Southeast Asia.

ORZON Ventures will focus on both OR-related technologies and new businesses in the Series A-B stages under the theme of mobility and lifestyle.

In other words, the fund will invest in startups that meet the needs of future mobility solutions or those that respond to the new changing needs of the modern lifestyle, such as F&B startups, travel, health, wellness, and other digital lifestyles solutions.

The setting up of ORZON Ventures will enable OR to gain greater access to startups in the early stages in Thailand and Southeast Asia. With this, the oil company aims to strengthen and expand its businesses.

SGHoldCo will make an initial investment of US$25 million into ORZON with the option to increase the size to US$50 million in the future.

Also Read: Flash Express secures US$200M Series D to expand its e-commerce logistics service in SEA

According to OR’s president and CEO Jiraphon Kawswat, one of its growth strategies is to seek new business opportunities to develop beyond the horizons of the oil business amid a fast-changing environment. OR looks for cooperation with large companies as well as smaller and more nimble organisations. The partnerships can be in the form of business alliances of investment in SMEs or startups that OR believes have the strength and advantage in technology, speed, and agility to adapt to changes.

However, smaller businesses are facing many challenges, such as lack of human resources, funds, access to customer and ecosystem support. ‘OR’ believes that it can help fulfil and support startups by investing, providing access to customers/OR’s large ecosystem, and other fundamental business support from relevant experts.

Recently, OR recently led the US$200 million Series D round of Flash Express, the first unicorn in Thailand.

Image Credit: ORZON Ventures

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Netflix on the (green) move? Why its time to rethink the environmental impact of big tech

For my first post, I wanted something impactful. Something that gave me this so-called “Oh s***, I have to write about this” reaction to fuel me for a first (hopefully not last) short article. And guess what, I found that fuel — and time!

Earlier this year, WiredUK shared an insightful article about Netflix’s carbon emissions. As I have been investigating IT sustainability for some time now, I struggle to find data to estimate online activities’ carbon emissions.

Most enterprises showed strong stances; this is true, but finding data…? Not that easy. And yep, it did not say “relevant” or “accurate”, just data.

I like the article for different reasons because it shows that:

  • A new major pure player is on the green move
  • It takes more than a mere estimation to understand the whole extent of online habits
  • It reminds me that we are at the very beginning of online practices maturity and regulations (I like to call it the Stone Age of the Internet)

Thus, first, it did provide some data I could use (delivered by an organisation called DIMPACT, partially industry-funded though, so let’s be cautious). Primarily, it shows VOD/streaming big boys are finally on their way to a more sustainable mindset.

Google, Microsoft, Amazon, and Facebook have announced over the last couple of years big moves (most of them promised to be carbon neutral by 2030, for instance), but the silence of VOD pure players has been, in my opinion, quite loud.

YouTube made some (lukewarm?) statement as WiredUK already wrote about here, but I always found it awkward that pure players kept silent on such things as carbon footprint. Remember that internet traffic represents around four per cent of global GHG emissions (equal to pre-COVID-19 aviation traffic).

This article also stresses that it is hard to debunk one online action’s actual carbon footprint impact. Today, tracking the carbon footprint of a specific “online action” such as purchasing a t-shirt or watching a video is a tremendously complex task.

It depends on so many parameters (location, devices, infrastructures, etc.), and ultimately this is not easy to take all the chain of actions into account.

On top of that, most companies do not wish to share such data publicly, so finding reliable numbers is not always easy. But that’s for another day …

Also Read: Streaming wars: Why are streaming giants spending big bucks on acquiring content

In the article, Netflix claims that one hour of streaming on its platform in 2020 used less than 100gCO2e (a hundred grams of carbon dioxide equivalent)— that’s less than driving an average car a quarter of a mile.

I am pretty sceptical about this figure, but that’s not the point in the end. Netflix stating they are thinking about “weighing their carbon footprint” is already excellent news and should be followed by better estimations from now on.

Most of you probably did not see that last year, but The Shift Project (a French think tank for sustainability) shared a rough estimation of Netflix’s impact on the environment. Carbon Brief replied— fiercely — to re-estimate the numbers on this paper.

The Shift Project made a couple of mistakes; Carbon Brief helped them pointing them out. And now, the discussion is on, and things are on the table. Aside from some errors, they use two mindsets for their reckoning, and this is the exciting part because it does require arguments to agree on something, right finally?

Speaking of the Devil, Carbon Brief is supposed to publish white papers by the end of summer (I am writing this in May) to investigate in-depth Netflix’s carbon emissions. I am super hyped to read it because it should deliver a consistent set of data for future endeavours.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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