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Former head of int’l expansion at Slack on how to avoid being a “launch-and-leave”

In this episode, we are excited to welcome Kathryn Hymes, former Head of International Product Expansion for Slack. Prior, Hymes held product leadership roles at Nextdoor and Facebook and currently runs Thorny Games, a company that builds games at the intersection of language and cryptography.

In our conversation, Hymes offers some awesome insights into a vast number of topics: from how to be successful entering new markets (a hint being not to launch and leave, but to build for sustainability and scalability), the importance of curiosity, energy, passion and understanding a functional cross-section of the business in being an effective product leader; and the need for leaders to meet both customers and employees where they are at and to ask the right questions in order to be successful localizing your business for new markets.

Also Read: Caffeinated expansion: How Kopi Kenangan achieves its goal of opening one new store per day

This episode is sponsored by our partner, ZEDRA. Learn more about how the ZEDRA team can support you in expanding to new markets.

Find our entire podcast episode library here and learn more about our forthcoming book on global business growth here.

This article was first published by Global Class.

Image Credit: Global Class

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Solana block explorer Solscan bags US$4M to roll out subscription-based analytics platform

Solscan_funding_news 2

Singapore-based data analytics firm Solscan, dubbed “Solana block explorer”, has received US$4 million in a seed funding round co-led by US-headquartered blockchain-focused Multicoin Capital and Electric Capital.

Jump Capital, Sequoia India, Alameda Research, Solana Ventures, Signum Capital, and CoinGecko also participated, Solscan said in a statement.

The capital will be used to launch its subscription-based analytics platform Solscan Analytics and accelerate integrations for its flagship block explorer, an online tool for searching and inspecting blockchain transactions. 

Also read: Demystifying NFTs and DeFi

Solscan will also use the funding to expand its talent pool to support the mounting user base and partnership requests.

The startup plans to release new network monitoring and analytics tools, enhanced developer tooling, and dedicated info pages for projects in early 2022.

Launched six months ago by Vietnamese founders, Solscan is powered by Solana, a decentralised blockchain to assist the data analytics needs of users, developers, and projects within the Solana ecosystem. Solana is a public blockchain platform.

With Solscan Analytics, users can utilise both on-chain and off-chain data for high-quality market intelligence — such as hidden patterns and correlations, emerging market trends, profitable trading behaviour characteristics, price anomalies, whale interactions, and fraud detection.

“We anticipate Solscan to be the primary gateway to track your on-chain activities,” said Saurabh Sharna, partner and crypto lead at Jump Capital. 

“We were impressed by their thoughtful roadmap of API first on-chain visibility, analytics and Web3 integrations.”

The startup claims that its block explorer has served over 2.3 million monthly users and more than 180 million monthly data requests since its inception.

Exclusive: Ex-CTO drags Society Pass into court for “breaching employment contract”, seeks over US$1.3M in damages

“Solscan sees a massive opportunity and an unmet demand for Solana’s data validations and analytics,” said Solscan director Le Ho. “This investment will help us further deliver world-class products such as DeFi dashboard, NFT scan, and network’s monitoring, amongst others.”

 

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: Solscan

 

 

 

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How to create a great thought leadership article even though you suck at writing

writing

Since you know what thought leadership is and why it is crucial for brand positioning, let us explore the how. How to use writing to build thought leadership. This resource will teach you how to craft an article that conveys the message, reads well and encourages readers to respond to your call to action. 

A well-written op-ed or thought leadership content can help your brand get more exposure, attract new business opportunities, and convert leads. As per LinkedIn research, 58 per cent of decision-makers read at least one hour of thought leadership content every week.

In the same study, 60 per cent said that this type of content had directly convinced them to buy a product or service they hadn’t previously considered.

Writing great content used to be privy to grammar nazis and literature lovers, but in the digital era, almost anyone with an idea, opinion, comment or observation can write a good thought leadership piece with some guidance and knowing the right tools to leverage.

This article is for you if you are an expert in a given field and keen on leveraging your thought leadership for better brand positioning but are hesitant about your writing skills.

Without any further ado, let us look at the fundamentals of writing a great article:

It all starts with an idea and how it is relevant

It all starts with the idea that eventually becomes the basis of your argument. So, the first step would be to identify the comment, observation, opinion, statement or idea you want to talk about. 

The idea does not necessarily have to be “unique”, but it must be relevant. The relevance should be in the context of 

  • the target audience- the people you want to speak to 
  • your brand- how will it help your brand and your story
  • industry trends- how relevant is it for the theme/topic widely

Another important thing to keep in mind when identifying the article’s main idea is to focus on your strengths. What is it that you have the most experience in? What are your strong suits? What do you know that the world can benefit from knowing?

Sharing an idea that stems from your pool of strengths or subject matter you know most naturally makes the entire process easier. Plus, you can share insights that add real value to your readers while cementing your position as a thought leader in that field. 

Research and planning are crucial

The next stage will involve research. The article will discuss a topic that you are familiar with and have enough knowledge in, but adding proof like external references, statistics, and data will validate what you are saying. This is where research comes into play.

Identify keywords relevant to your topic. You can leverage free online tools like SEMRush and UberSuggest for keywords. Then, look up these keywords to find relevant data and studies on reliable external websites, such as Statista, McKinsey, Bain and Harvard Business Review, to name a few.

Always remember to keep the region of your target audience in mind. For example, if you are talking about how digital banking is vital in Asia, then stats about America’s banked/unbanked population would not be relevant here. You need to lookup data in Asia.

If your company or community has conducted internal surveys, feel free to quote results from those studies as well. If you are arguing about using a particular tool or solution, case studies or examples are great ways to back your views. 

Once you are done with your research, plan a rough outline of the article. This simplifies the final writing process further. Now, get started on that first draft.

The writing process

Once you have a clear idea of what your article will be about and have gathered all the necessary notes, stats, etc., the next step would be to write it.

  • A basic article has three main parts- an introduction, a body and a conclusion. 
  • Keep the intro short and dive straight into the argument. Just about two paragraphs at best.
  • Articulating what the article covers and explaining why the article is important are the two most essential elements of an introduction. You can do that by mentioning the problem or question you are addressing with the article and explaining why that issue is relevant to your readers. Rely on facts and state engaging proof points.
  • Remember, the point of an introduction is to engage readers and ensure they keep scrolling. Many thought leaders make one mistake while writing the introduction is repeating the title or simply reiterating it. In other words, do not repeat the title. Instead, use the opening to create a solid pathway into the body of your article.
  • In the body of the article, you make your argument and validate it with proof points. Identify two to three main points you want to discuss and validate those points with data, stats and examples.
  • A concise summary of the key highlights and a call to action, such as a link to your website or an email for queries, generally entail the conclusion. Remember, the decision is your chance to relate with your audience. This becomes even more important when the article is a technical post. Leverage the conclusion and use it as a breather by making a few personal comments. This will help people respond better to your CTA.

Do not skip the editing

After your first draft is ready, reviewing and editing the article is extremely important. Spending at least thirty minutes reviewing your first draft is a must.

It helps you identify silly mistakes, typos and gives you a chance to enhance the flow and readability.

Editing before submitting helps you present a polished and final piece to a media and makes your content more likely to be published. 

Here’s a quick checklist to help you edit your draft:

  • Leverage free online tools like Grammarly for spelling errors and grammar
  • Check for accidental plagiarism on free online plagiarism checkers
  • Check for clarity of thoughts in each section
  • Is the article coherent and readable? To ensure, check for the following:
    • Do you have a clear heading?
    • Is the article divided into subheadings?
    • Does the article need images, charts and graphs to support the text?
  • Check direct quotations and paraphrasing for accuracy
  • Check to make sure you appropriately credit all sources through hyperlinks
  • Check the consistency of your opinion throughout your article
  • A standard op-ed or thought leadership article is between 800-1000 words
  • Avoid flowery language. Write small, clear sentences. Remember, you are not writing this article to score an A in an essay but to inform your readers of your views
  • Keep the paragraphs short and always start them with topic sentences. These are typically the first sentence of each paragraph that gives an overall idea to the readers of what’s to follow

Let’s look at this example

To get a better idea, check out this amazing thought leadership content on e27.

This article explores how edutech is solving the global teacher’s crisis. Thought leader Neelesh Bhatia, co-founder and CEO of Akadasia, explores the importance of education technology with a clear focus on educators. 

He discusses the lack of support and proper training for educators, thus addressing the global teacher crisis and presenting technology as the solution. One important thing to note here is that Bhatia backs his statements with relevant statistics and data. 

Further in the article, he explains how technology can be leveraged to empower educators with the right tools. Hence, they can create better courses and impart education at par, backing his statements with relevant research. 

The following section introduces Akadasia’s Freejoo – its digital ecosystem that supports educators globally and gives them the knowledge, resources, and connections they need. The mention of Akadasia at this point in the article feels very natural and not sudden like a forced plug.

He validates his argument by sharing real numbers of how Akadasia’s Freejoo has helped over 130,000 teachers from 36 countries. Finally, he presents some more data and research to summarise the need for education technology for future-proofing the industry.

Bhatia’s article does not contain flowery language or rich lexical. It focuses on one problem, discusses solutions and shares research and data to back what he says. Plus, he runs a company relevant to the industry he is talking about adds more credibility to what he is saying.

In a nutshell

So, select a topic relevant to what you do, are studying or have experience in. Pin the main idea and get started. Do relevant research, add some data and get your first draft ready.

Finally, review, edit and make sure the article is easy to read and has a clear message. Voila! You are a thought leader!

Want to become a regular op-ed contributor and establish yourself as a thought leader? Take that leap of faith and join our Contributor Program to start your journey today.

Image credit: nsdefender

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Binance leads US$1.5M seed round of P2E gaming guild community Cosmic Guild

Cosmic Guild_funding_news

Cosmic Guild, a play-to-earn (P2E) community of gamers, has secured US$1.5 million in seed funding led by Binance Labs, the VC and incubation arm of Binance.

Co-investors include DeFiance Capital, Alameda Research, and Play Ventures.

The funding will enable Cosmic Guild to loan more gaming non-fungible tokens (NFTs) to guild scholars when playing games.

Also read: Demystifying NFTs and DeFi

The startup will also expand its gaming portfolios with games launching on Binance Smart Chain or in the Binance ecosystem.

“The funds will be used to invest in yield-generating digital game assets that exist in NFTs and expand the scholarship programme run by Cosmic Guild. We will continue to expand our Axie Infinity scholarship programme and have launched our Pegaxy scholarship programme,” it stated in an article on Medium.

Cosmic Guild has run scholarships in Axie Infinity owned by Vietnamese P2E unicorn Sky Mavis to incentivise players. To date, the community-first guide is providing NFT assets for more than 600 scholars and is said to reinvest the earnings into breeding more Axies and growing its pool of scholars.

“Cosmic will continue to grow in the GameFi and Play-to-earn space and are actively looking for more games to partner with and expand our scholarship programme,” it added.

The one-month-old startup operates as a decentralised autonomous organisation (DAO) that is focused on maximising yield and building communities. 

The team believes that P2E games will increase in complexity and skill requirements. The meta changes from time to time in all games, challenging both the managers and players to rethink strategies and deploy capital constantly.

Also read: BBS Network, ‘decentralised Reddit forum’, raises US$1.5M seed round led by Binance Labs

As a result, Cosmic Guild holds a portfolio of NFT game assets of crypto games loaned to guild members who can play using the NFTs and earn yields on games.

“Our mission is to empower individual gamers across different societies and come together as gamers, to not just play-to-earn, but to also play for fun, form meaningful friendships and have fun together in the metaverse,” said co-founder Kenneth Lee.

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: Binance Labs

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Why Fidelity Funding believes startups need more than just funding to succeed

Tham Lih Chung, Co-Founder and Chairman of eatcosys

When it comes to achieving success, a single startup would need more than just funding. It would also require different forms of support –from market access to ecosystem enablement– that is ideally built within an ecosystem.

This is what eatcosys, a Malaysia-based multi-disciplinary company offering retail and fintech solutions to support businesses in their transformation journey, is trying to achieve through Fidelity Funding.

Fidelity Funding is a fund that aims to serve as the capital funding arm for clients or portfolio companies that leverage the services of eatcosys. Targetting early stage startups, the venture capital fund has made investments into companies such as food marketplace SmartBite and edutech platform Askbee.

When it comes to investing in startups, Fidelity Funding is fully aware of the high failure rate among them and intends to minimise it to its best. This is why they come up with an approach that allows its portfolio companies to be part of an ecosystem of companies that work seamlessly with each other.

e27 speaks to Tham Lih Chung, Co-Founder and Chairman of eatcosys, and Managing Director of Fidelity Funding, and Bryan Chung, Executive Advisor of Fidelity Funding, to understand more about how they aim to support the startups in their growth journey.

Also Read: How COVID-19 accelerated digitalisation in the F&B industry in Malaysia

Working hand in hand

As a serial entrepreneur, Tham is no stranger to failure –and the lessons that it provides to help entrepreneurs move up in life. Starting off his career in the corporate finance, investment banking, and accounting sector, he had built businesses in various sectors from construction to F&B.

When he founded eatcosys and (eventually) Fidelity Funding, he saw how tech was able to connect different segments of an industry and create convergence.

“We wanted to look into new ideas, to look into innovation … [by] having an arm that could breed and mature ideas and innovation into tech startups. Because the retail sector is more than just having the mom-and-pop stores doing the usual business transactions. Now we see a lot of convergence with tech,” he explains.

This convergence enables Tham to see how these emerging startups could potentially complement the eatcosys group of companies.

“We invest in startups that are enablers and accelerators of digital transformation. I know it is very generic and broad, but that is how we want it to be. Because if you ask us how the future is going to be like in the next two to three years, I think people are going to be struggling to describe it. So we want to able to capture different types of startups … that will be part of the ecosystem,” he elaborates.

Despite the approach, Fidelity Funding would like to tap more into the fintech space. This year, eatcosys raised MYR10 million (US$2.3 million) through a crowdfunding campaign on Fundnel. Part of this capital is to be used to invest in the fintech space.

Also Read: 25 notable startups in Malaysia that have taken off in 2021

Defying the odds

Apart from the convergence of tech into different kinds of industries, the ecosystem approach was also implemented to minimise the risk of failure amongst tech startups.

Chung points out that in a typical VC model, only one to two per cent of its portfolio companies will actually achieve success.

“I think that’s the generally accepted figure. So, why do investors continue to invest in VC funds, knowing that only one or two per cent will make it? So we are trying to go against this one per cent statistic. We are trying to not go play the numbers game: the one with ‘the more companies you invest, the higher your chance of success.’ We are saying no, let’s not do that,” he explains.

When investors are playing the ‘numbers game’, Chung says that they are basically investing in something that may or may not work out.

“We want to be able to invest in startups that will work out. No one can guarantee that you will be 100 per cent successful, but we are trying to minimise the failure rates. So, Fidelity Funding comes up with this model: when we look at companies, we want to be able to understand the market, the industry that they are in, and we want to be able to contribute actively to the growth of the company,” he continues.

Bryan Chung, Executive Advisor of Fidelity Funding

This is why Fidelity Funding invests in companies that can be a part of their ecosystem. In addition to curbing the failure rate, this approach can also help founders in getting the kind of support that they need.

“A lot of these [startup founders] are young entrepreneurs, so they do not have the operational experience. They are full of energy and great ideas, but when it comes to execution, to operating the business, that is where they tend to falter,” Chung says.

Also Read: A horse of another: Here’s the complete list of Southeast Asia’s 26 unicorns

According to him, this indicates that in order for startups to achieve success, having money is not always the solution for their problem.

“A lot of VCs would say, ‘We will introduce you to this person or company.’ But that is just referrals, and that is not enough. You also need to guide them to close a particular deal or transaction. So we have this group, these multiple partners, where we can lead them to. In a short time, they can immediately see that when they are plugged into the ecosystem, they can see their revenue growth,” Chung elaborates.

Fidelity Funding invests in companies in the pre-seed and seed stage with a ticket size that ranges from US$250,000 to US$1 million. “Because this is the stage where entrepreneurs will require a lot more guidance,” Chung explains.

While the fund is open to the idea of investing in the Southeast Asian market, at the moment, it will continue on focussing in Malaysia.

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: Fidelity Funding

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