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Why the right framework creates impactful apps

What makes a mobile application impactful? In our opinion, any digital product makes the most impact on someone’s life when it responds to their real-life needs. Yet, as the demands of our worlds are constantly changing, so too do people’s expectations of what a mobile application should do for them.

Often, apps tethered to legacy frameworks and outdated UI development approaches can find it difficult to keep up with the ever-evolving consumer market. Therefore, mobile app providers might need to adapt to mobile development toolkits that have greater capabilities.

While this leap to a new framework might seem daunting at first, this article explores why it can be worth making that change.

Why migrate to a new framework

Creating a modern, user-friendly UI can be difficult with an outdated framework. Seemingly simple tasks become complex processes, and it can be very time-consuming to implement complex UI or add modern features like fancy animations, shade or glance effects, QR code scanners, or any other functionality.

Furthermore, once you start attempting to update features, you start to discover conflicts. Elements of your app start to crash, and you end up having to rewrite the code and restructure the architecture.

On the other hand, with a modern toolkit like Jetpack Compose, you are able to create one component for a screen that becomes much more reusable for future features. You can have several parameters adapted to several screens, eliminating the need to repeat the same code.

Swapping over to a new framework makes scaling and adapting your product much easier, as your developers can avoid wasting time rewriting each component added over time. With old frameworks like XML views, you may have to create each individual XML file.

Also Read: A 6-step framework for Asian companies to reskill leaders in the new normal

Overall, this saves valuable time and resources when adding new features and updating your app. Most importantly, your user gets a more beautiful, user-friendly interface.

Case studies

Grab and Disney+ are among many world-leading brands that use Jetpack Compose to reduce code and produce smooth, beautiful apps, while requiring even less people to work on developing and maintaining them. This enables engineers to do excellent work, and can increase development speed by up to three times.

Several other household names use this framework to develop their apps, including Zepeto, Dropbox, Airbnb, Lyft, Clue, and X.

Why are some companies reluctant to upgrade their frameworks?

Moving on from your old framework can take significant rewriting of the mobile app’s code, which can be time consuming at first. Moreover, migrating from familiar XML views to Jetpack Compose can be intimidating for developers without experience using a new Android toolkit. It can feel safer to stick with what you know.

However, making the migration will – in the long run – make the entire app development process simpler, as features will take less time to implement and won’t each require an individual rewrite.

Best practices to start with Jetpack Compose

Cross-team communication is key for ensuring that your app development starts off on the right path and remains so. This is especially important for mobile apps with multiple features. Having proper alignment at the beginning is crucial to a successful migration. This means everyone involved in creating this digital product, from your business analysts to UX designers to developers, must be on the same page.

Spending more time in the beginning to organise architecture and components will save you a lot of time and headaches later on.

A design style guide is a vital tool for alignment. Define typefaces and organise colours, fonts, and other basic components you plan to use for your mobile app. Set standardised names for each component in your style guide.

These key steps ensure clear communication between everyone working on your mobile app, including your internal software team and outsourced developers, for the entire lifespan of your app. Once you set up standardised definitions, your developers and designers won’t have to cross-check.

Also Read: Bootstrapping your startup? Here are 7 tools you can use to make launch and growth easier

This may sound like common sense, but you would be surprised how many projects don’t have things organised from the beginning, with the expectation that things can always be aligned later on. However, the faster your app grows new features, the harder it will be to ensure consistency across development.

The next step to migrate to Jetpack Compose is to create generic, reusable components based on your style guide. This step requires some commitment of resources but saves a huge amount of time later on. Always be sure to follow official Google guidelines on building scalable components, and ensure your team is following the same naming conventions. Having a single source of typefaces, colours, fonts, and components is crucial, as your entire team must re-use it for all future work.

Choose continuous maintenance over rushing migration

As the user base for your digital product grows, you may want to add new features to your mobile application. However, due to the exponential evolution of technology, your framework might not always be up-to-date with the demands of adding these features.

If you only upgrade your framework when you urgently need a new function or app feature, you will inevitably cause unnecessary delays, with seemingly small changes eating up weeks of valuable time. To make matters worse, rushing to migrate will increase your team’s stress levels. Plus, it is always more expensive to perform a framework rehaul than it is to consistently maintain your application’s framework.

Just like how successful business analysts keep an eye on market trends, you should iteratively update and improve your framework with new versions. You can devote as little as one hour to checking if your application framework is still compiling.

This is the best way for your mobile app to release a feature while its functionality is still relevant to your users, ensuring that you make the maximum impact on the market.

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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Mobile cafe startup Jago raises US$6M to deliver affordable coffee across Jakarta

Jago, an Indonesia-based mobile cafe startup, has secured a US$6 million Series A round of funding led by Intudo Ventures and BEENEXT Accelerate.

ORZON Ventures and D Global Ventures also participated.

With new funding, Jago aims to expand its service, establish additional depots, and launch more carts while enhancing its technology stack.

Currently covering seven per cent of Jakarta, the firm plans to extend its reach to 50 per cent of the city by 2024, using geospatial machine learning models for strategic expansion. The company intends to increase depots from three to 15 and carts from 300 to 1,500, investing in cart hardware upgrades, innovate around demand forecasting and supply routing, and improve depot hardware to streamline operations for greater cost efficiency

Launched in June 2020, Jago is a hyperlocal mobile café company utilising technology to bring fresh beverages to Indonesian consumers. With a fleet of fully-electric mobile cafés and professionally-trained baristas called Jagoans, Jago serves neighbourhoods to quickly prepare and deliver fresh beverages within minutes.

Also Read: AI-powered Staple raises US$4M to streamline global document management

Jago utilises a tech setup to streamline operations, empower baristas, and foster customer loyalty. Employing centralised depots, they produce and package coffee, manage inventory, and forecast supply and demand. Baristas access the Jagoan App for sales optimisation, mobile checkout, and training modules. Customers use the Jago App to locate nearby baristas, place orders, and access loyalty perks.

Existing coffee chains often exceed many consumers’ budgets, creating a gap in Indonesia’s market for affordable quality coffee. Jago targets low-to-middle-income consumers, particularly in blue-collar and Gen Z categories, with beverages starting at IDR 8,000 (US$0.50) per cup, addressing the needs of underserved consumers.

By meeting mass consumer demand and leveraging its technology stack, Jago claims to have achieved steady profitability across consecutive quarters and experienced a growth of over 13 times in 2023.

“This funding is not just a financial boost — it’s a vote of confidence in our vision and team. It empowers us to bring Jago’s unique coffee experience to more communities and to innovate further, ensuring that every cup we serve reinforces the connection between quality and accessibility,” said Yoshua Tanu, Co-Founder and CEO of Jago.

Fundraising or preparing your startup for fundraising? Build your investor network, search from 400+ SEA investors on e27, and get connected or get insights regarding fundraising. Try e27 Pro for free today.

Image credit: Jago Coffee

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Supporting grieving colleagues: Navigating compassionately in the workplace

Every human experiences grief in their context—yet, workplace culture is often unwelcoming of it. Being inhospitable to people suffering from complex, profound loss.

Regardless of the cause for bereavement, societal pressure and stigma cause more problems for those in grief, according to a study by the University of Oxford.

The death taboo, as they call it, is still widely talked about in society. The amount of literature on it is vast; many studies have discussed how it has changed over the years but it still stays as a phenomenon, plaguing society, diffusing into the workplace.

At Google, Laszlo Bock decided to make a change in 2011. “If the unthinkable happened, the surviving partner should immediately receive the value of all the Googler’s unvested stock,” said Bock in his book, Work Rules!.

For the next ten years, the survivor will receive 50 per cent of the Googler’s salary. “There’s no benefit to Google,” added Bock, “But it’s important to the company to help our families through this horrific if inevitable life event.”

A plethora of tactics can be applied in the workplace to manage grief. Time-off policies, sensitive leaders and open conversations will make a significant impact on employees when they are mourning.

Reality is, they are either rare or non-existent in the workplace.

Also Read: Our true competitor is ignorance: Honestbee ID Country Director talks strategies and key learnings

In the same vein, it is often seldom mentioned in management workshops, with the focus usually on employee engagement, retention, driving performance during positive periods.

Managers are often prepared to celebrate birthdays, give gifts when there are promotions and visit when people are ill, but when it comes to death, it is often silent and avoided. By default, bereaved employees are left alone for a few days, sparing the office from grief.

After that short period, they return to work, often accompanied by the expectations of others that they are ‘fit’ and ready to work. That damaging silence is what deprives people of support, often eroding relationships, draining working lives and removing workplaces of meaning.

While a difficult topic to broach upon, companies still need a better approach to grief. Regardless of the business results of continuing engagement and driving productivity up after mourning, there are many more obligations that manager need to fulfil.

Work-life balance is phasing out in favour of work-life blend. For many, the workplace has emerged as a primary domain where people seek to fulfil self-actualisation and self-esteem needs, apart from the socio-economic benefits.

In this new era—with many names, such as the Purpose Economy and The Fourth Industrial Evolution—the primary narrative has been shifted to fulfilment, meaning and purpose at work.

A high standard for employee engagement, it is small wonder that companies fall short at dealing with negative periods when the game of catch-up is still going on.

People often make work a pillar of their identity, but when their other support crumbles, a workplace that causes disenfranchises, them will only create more friction.

Here’s the problem: grief is stigmatised.

Also Read: Practicing radical honesty with your team and more insights from Weiting Tan

When disenfranchised grief sets in, which is defined as “a loss that is not or cannot be openly acknowledged, publicly mourned, or socially supported”, the additional layer brings the employee down.

Isolation sets in, giving the illusion that they are alone when in reality, people are simply incapable of dealing with grief. It is especially salient for people in leadership roles, renowned organisations and highly competitive workplaces; they are expected to “keep it together”.

In the short term, disenfranchised grief erodes performance. When looking at the long term, it diminishes commitment and creates disloyalty—why would someone work for a company that does not support them at their lowest?

Like mentioned, most people are incapable of dealing with the grief of others. It is something that cannot be fixed. It has no expiry date. Studies have shown that grief can go reappear after intense periods of mourning, obeying its own timetable.

In Sigmund Freud’s seminal paper Mourning and Melancholia, Freud stated that grief is work for us even though it is uncontrollable. The only choice we have is to work through it without crumbling under all the distress.

How do leaders support grieving workers?

The popular interpretations of grief state that it starts and ends within five stages, according to David Kessler and Elisabeth Kübler-Ross. Painted as a steady march forward, studies have proven that it is a fallacy.

Psychologists argued that, in a chaotic and messy world, humans often seek to recognise patterns, in an attempt to make sense of what is occurring around them. Grief does not unfold in a neat, linear manner: it ebbs and flows, and it can reoccur even when we get momentum and return to the rhythm of life.

Kübler-Ross’s study has some merit: it is what we expect to occur during grief, and it is what we expect of ourselves. Mourning employees will experience both progressions and regressions after a loss.

Be present

When grief flares up acutely or occurs after bereavement, the best a leader can do is acknowledge the loss without making demands or requests. It is their grief to bear, and it is their life to lead.

Also Read: Are you a human resource?

The critical point here is for managers to avoid impulses to “fix” things. Managerial actions will only serve to decelerate their recovery, often causing them to return to work with a more detached self. As mentioned, death is unfixable. It is a problem without a solution. Rather than doing problem-solving, managers should be present and providing support.

While close colleagues typically reach out to grieving coworkers, it is more significant for a manager to do so; they are a representation of the organisation. Demonstrating their support is a signal that the workplace cares, thereby building culture.

Kessler describes grief as “one of the most crucial experiences”—employees will, therefore, remember how managers handled the situation. A manager’s presence will go a long way toward reassuring employees that they are valued and supported, while also humanising the organisation, which workplaces often lack.

Checking in on the employee through a phone call and if welcome, a personal visit, are simple things that will touch the employee. Even inquiring about whether they would appreciate your presence at the memorial service, regardless of their answer, is already creating significant impact.

While it may be challenging to broach on the topic during their time of grief, what is important is that managers be open about the policy for bereavement.

You recognise the loss they experienced: but what do they want you to tell others at work? When do they have to return to work? What is the policy for that? Undeniably an awkward topic to discuss in the immediate aftermath of a death, grieving employees will appreciate the clarity.

In the tsunami of grief, work can form a lifeboat for them to sit on and wade through the storm.

While they yearn for clarity, there is no clear way or recommendation for when to return to work. According to a Canadian study on labour laws regarding grief, it is commonly three days of unpaid leave. Although it is changing that to five in September 2019. According to the Society for Human Resource Management, employees are, on average, given paid bereavement leave. The question is: is it enough?

Also Read: PropertyGuru promotes Genevieve Godwin to Chief Human Resources Officer

In the same Canadian study, it is noted that employee policies are often inadequate in their support. That they “do not acknowledge the long-term suffering caused by grief or the variable intensity of different kinds of loss”.

The policy on bereavement leave understands grief as a “time-limited state with instrumental tasks and ceremonial obligations” when it is significantly more complicated than that. Sheryl Sandberg and Adam Grant also made the same argument as well in their book, Option B.

In recent years, organisations have been setting high standards for bereavement leave. Facebook employees will receive up to 20 days, and Mastercard did the same.

There also organisations that allow leave-donating, where employees donate their paid leave to another employee when there’s an emergency.

Companies like KPMG, Infosys and Accenture have long embraced the policy.

Another option would be an employee assistance fund, where coworkers donate to help cover funeral and other expenses. Coworkers who make contributions will be matched by the company with a higher ratio, often twice or thrice the amount.

Dependent on the loss they experience, the context can also affect the way the company treats the bereaving employee; unexpected deaths, violent deaths and suicides are likely to be more traumatising, with a stronger stigma and a higher propensity for disenfranchisement.

Leaders need to take these factors into account when agreeing on time off, especially in organisations without a formal policy.

When employees return to work, the managers are significantly instrumental in their smooth return. Leaders need to understand what the bereaved employees want and need: how do they want their colleagues to respond?

Do they want to come in for a few hours so that their return is not too overwhelming?

Do they want to work halftime for a few weeks?

Also Read: Why Tinder beats Bumble and the world is still not ready for a feminist dating app

Are they ready for a normal day?

With empowerment by giving a choice, leaders provide real, deep support that they will very much appreciate.

Be patient when they are absent

Most of the time, employees resume work after a few days or weeks. While they are surmounting the piles of work that they missed out, they are simultaneously grappling with bereavement, grief and reality.

Although the emotions typically remain intense for months, it can flare up anytime, even if significant time has passed. Leaders need to know that even if the return to work is managed sensitively, they should not assume that everything will go back to business as usual.

Often a time of ambivalence, we will go back and forth between feeling hurt and wanting to move on. “I’m losing my mind,” said psychologist Molly Millwood.

Often, the people that come to Millwood’s therapy struggling with their ambivalence utter the four words that perfectly describe the whirlpool in their mind.

Fundamentally, we are poorly equipped to handle doubt. Our mind rejects the uncertainty. In that vein, it is where we become inconsistent.

One moment we are trying to close a million-dollar deal, next we are struggling to answer a single email. Through ambivalence, the bereaved employee will eventually notice his detachment.

Although leaders are not expected to ‘fix’ the ambivalence, they must understand what this oscillation is all about. Grief destabilises focus, consistency and drives—all very much needed at work.

Physical effects such as lack of appetite or gaining weight are also added to mix.

Also Read: Scaling is hard: Here are 7 things Human Resources can do to manage it

However, even so, the employee’s talent and interest in work remain the same as before.

It is often a relief to people who are grieving when they realise that their managers have different expectations of them but yet holding them to the same regard. They may not return to their “former selves”, but their talent and dedication are still the same. The key here is to offer flexibility, fitting to their agency and attending to the need for support. For instance, managers can:

1.Assign people to tasks that they are suitable to do for the time being

2. Assign people to projects that allow them to tend to other parts of their lives in the immediate aftermath.

3. Allow remote working or flexible working hours for a period

4. Constantly check-in to see if further accommodation is needed

While it can help benefit the employee from being overwhelmed, managers must also note where the plans are failing. If an employee struggles several months after a loss, the manager can suggest a professional consultation. It might be a case of “complicated grief”, which is distinct from the usual grief, which requires clinical attention.

Be open when they restart

Confronting mortality over time with patient and steady support has strong generative effects and leaders need to take advantage of that. Also referred to as “post-traumatic growth,” literature has shown that it is where we gain new perspectives and adopt new mindsets that ultimately leads to positivity, including newfound appreciation of life, strengthening good relationships with others, increased emotional resilience and increased confidence (e.g. “If I can live through this, I can live through anything”).

While it cannot replace the devastating feelings of loss or the need to grieve, it involves living fully with the loss and that is where we understand the fragility of life and its worth—it is a step to moving on.

The emergency of hope and resolve after a loss has no timeline; we don’t know when we begin to experience post-traumatic growth.

Also Read: Human resources hacks for the bootstrapped startup

However, leaders need to be able to identify the first signs of them as soon as they appear, then doubling down on nurturing them through affirmation and gentle interest.

Rather than captivate the employee with an optimistic, hopeful vision of the future, leaders should listen and support the employee as they figure their way out of the fog, forging a space for meaning in the present.

Leaders need to have open conversations with them: whether it be gently asking about the facts of the situation or listening to them rant. It is an important time for leaders to make deep, personal connections with them as two singular human beings.

For instance, some leaders would speak up about their own loss as well. In the same vein as leadership by example, leaders who want to create an environment of openness need to model that by doing it themselves.

Even if the manager was not touched by bereavement, every manager would have had a significant experience of loss to turn into an expression of compassion.

Discussing personal experiences of grief, like battling cancer or surviving an accident, are great ways to allow the employee to see that the manager is a relatable character, which therefore creates a connection point between both.

The one fundamental takeaway is that work life and home life are no longer separate entities, as many employers would think. The topic of a work-life blend has been discussed to death, be it 2012 or in 2018. Many people today are often blending the two together, which means grief can easily cause many pillars to crumble.

Reality is, there are clear positive and regenerative effects of having compassion at work, but many employers seem to oblivious to that fact.

Many thought leaders and organisational psychologists have written about the topic at length and how it can have a cascade effect in organisations.

Simon Sinek wrote about the “Circle of Safety” in Leaders Eat Last.

In a Harvard University study, high levels of “psychological safety” allowed people to collaborate better and admit to error easily. Organisation psychologists Monica Worline and Jane Dutton proved that attending to suffering at work helps an organisation.

It is more than just a trend in employee engagement—having compassion at the workplace is normalised.

Also Read: We need to be bolder in telling honest stories about the tech ecosystem

When managers help mourning employees, they complement the vision, planning, mentorship and guidance that we traditionally expect from managers.

In times of darkness, it is also the best way to help create an anchor for employees to hold on to. It serves to build culture and strengthen the company’s values.

The challenge is no longer to find a good reason to have compassion, but to designing leadership, management and the way we work to start embracing problems and truly supporting one another.

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

Join our e27 Telegram group here, or our e27 contributor Facebook page here.

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Originally published in The Human Leader

This article was first published on August 26, 2019.

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Crafting an impactful business website: 7 key steps for success

Design of a website plays a crucial role. It determines whether your website visitors will be intrigued enough to keep reading or not.

Dull designs can be off-putting, making the viewer lose interest and bounce. Selecting the right content management system to build your website is also critical.

Here are 7 steps you should not miss out on:

Step 1: Create a project plan 

Creating a plan before starting work on your project is the first and foremost step.

Ask yourself these questions: 

1. What kind of a brand do I want to build? Jot down your objectives on a piece of paper. 

2. What is my niche? Do I want to promote a product or provide services? 

3. What kind of features would my website require? Surveys, pop-ups, social media buttons, etc. 

4. Who am I making this website for? My target audience? 

Once you’ve written down answers to all these questions, the way forward will be clearer to you. You would know which direction to take your website to. 

Also Read: SCB 10X backs rendering tool for interior designers Spacely AI

The site you build should reflect the answers to these questions. 

Step 2: Pick a platform 

Website building platforms have made life easier. If you’re not the most technical person and don’t want to take care of the backend maintenance of running a website, then the website builder option is suitable for you.

There are also other platforms like Wix and Squarespace that allows you to choose from thousands of professional templates.

However, if you have decent coding skills and want access to the code to build an advanced website, you can code it yourself.

Assuming that you also don’t mind looking after the technical maintenance of your site, like hosting and security.

Web development is offered by companies, that can make a website for you. 

Step 3: Design homepage

Keeping your homepage’s layout clean and clutter-free is really important. Site viewers tend to feel overwhelmed when they are presented with an excessive number of images and text.

You will come off more organised and professional if your site’s content is well thought-organised and well-crafted.

Good websites are more than just a pretty face. They need to function.

A good website must-have style, as well as substance.

Visitors can navigate freely through your homepage if you have designed it effectively. It should be clear how you want the visitor to interact with your page. 

Not every homepage will contain buttons, but if you’re going to use them, you should use them right.

Also Read: How to ready your e-commerce website for the holiday season

Your buttons, also known as call to actions (CTAs), are gateways to other pages, websites, promotional items and product galleries.

If the goal is to make people interact and click, you would have to place button right in front, with large text.

Step 4: Select a template 

Choosing a website template is an essential decision for every business owner.

There are many things to consider; from the type of website you want to build, and different features and customisation options, down to the budget and your level of experience with editing templates.

Most templates will come with a pre-designed header. They can contain images, galleries and even videos. Don’t jump for the flashiest option.

It is essential to select a header that you can work with. A good header communicates your site’s core message to the visitors.

There are lots of different types of header. Each is good for different types of site. 

Step 5: Choose a colour scheme 

The colour scheme should reflect your business idea. If you’re keeping it professional, colours used should be black and grey.

If you’re making a fun, interactive website, then go for more vibrant colours. 

This step is all about helping you come up with a winning colour strategy for your site. A good colour strategy involves three things:

1.A dominant colour combined with a complimentary one 

2.A background-colour

3.A consistent colour scheme across the site

The next step is adding content to the site. 

Also Read: Lost in translation? WOVN.io raises US$3M to simplify website multilingual support

Step 6: Add content 

Again, three things are involved: 

1.Fonts

2.Written content 

3.Images 

Make your prose edgy and eye-catching. Large blocks of text look incredibly unappealing to the viewers. Enclosing the text with white spaces all around makes the text more visible and easier to read. 

Good content isn’t tons and tons of text. It is informative and to-the-point text which helps you convey your message. 

Step 7: Publish!

Finally, after layout and content have all been set up, the last step is to publish the website. Make sure you have thoroughly checked the details on all the site pages before publishing.

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

Join our e27 Telegram group here, or our e27 contributor Facebook page here.

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This article was first published on August 27, 2019.

 

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3 things first-time founders should know about ESOP implementation

Employee Stock Ownership Plans (ESOPs) are essential for startups globally, serving both as a mechanism to sync key team members with the company’s long-term goals and as a way to attract and retain talent.

Globally, startups allocate between 13 per cent and 20 per cent of company equity to ESOP programs. In Asia Pacific (APAC), this figure is slightly more conservative, with allocations ranging from 10 per cent to 12 per cent. Notable in the region, early significant hires typically receive around 0.5 per cent ownership of a startup.

In 2023, AC Ventures conducted a benchmarking study across its portfolio companies to examine the adoption and effects of ESOPs. It then used the data to develop a playbook for founders titled “Unpacking ESOPs for Startups” in collaboration with US-based cap table management and valuation software Carta.

The study identified the primary reasons for ESOP implementation as building a sense of ownership among employees (27 per cent), attracting new talent (25 per cent), and retaining existing staff (23 per cent).

The survey also highlighted strategic equity allocation practices aimed at creating a motivated startup team. Early-stage ventures tend to set aside a larger share of equity, often 10-20 per cent, before significant funding rounds, such as series A and beyond.

According to AC Ventures’ findings, about half of the portfolio companies that have implemented ESOPs allocate 5-10 per cent of company shares to these programs, primarily those in the early stages with valuations still less than US$100 million. Here are three key takeaways for first-time founders.

Allocate equity strategically and plan ahead

Before pursuing significant funding rounds, make sure to strategically allocate an appropriate percentage of equity to the ESOP pool. Prepare a detailed organisational plan that forecasts ESOP issuances for the next 12 to 18 months, focusing on the compensation needs of both current and future key personnel.

Also Read: The best new year resolutions for startup founders: Offering ESOPs that actually work

Equity helps make up for lower wages in the early stages of growth and creates a sense of belonging and dedication among employees. By setting aside an ESOP pool early on, startups can also potentially avoid dilution of the founding team’s shares later on and keep enough equity available for future vital roles. Be sure to familiarise yourself with the common types of equity for employees.

Carefully select ESOP recipients

When choosing who gets equity, companies must be careful and decisive. A clear set of eligibility rules, possibly linked to performance goals, helps cultivate a meritocracy, rewarding those who contribute significantly to the company’s objectives.

Broadly offering ESOPs can promote a sense of inclusion and teamwork, while selectively granting them can be a potent tool to keep top talent. Firms must communicate the criteria for eligibility transparently to ensure everyone is on the same page and feels fairly treated.

The process for awarding ESOPs is typically structured in stages:

  • First, the company’s leadership or a special committee identifies and selects employees to be offered ESOPs, deciding how many options each will receive.
  • Next, employees have a set period to formally accept these options, which involves signing and returning an acceptance contract.
  • Finally, those who accept can claim their shares according to a predetermined schedule. While ESOP policies vary from company to company, they must always comply with the relevant legal standards, and participation is usually at the company’s discretion.

Also Read: How can you make your ESOPs work for you?

Map out vesting schedules and liquidity opportunities

ESOPs typically involve a vesting schedule over four years, starting with a “cliff” of one year, during which no shares vest, followed by monthly vesting.

Apart from the standard vesting schedule, companies might offer alternative schemes based on performance or specific achievements, sometimes providing more immediate benefits without the initial waiting period.

Another crucial aspect for employees is liquidity—how they can convert shares into cash. Companies may facilitate this through secondary transactions, where employees can sell their shares, or through direct buybacks, where the company repurchases shares from employees.

Relevant to the APAC tech scene, specifically, M&A deals also present a common exit strategy, directly impacting ESOPs. If your startup gets acquired by a bigger company, you will need clear communication about how the acquisition affects ESOPs to maintain transparency and trust within the team.

Founders should always work with finance experts to ensure fair valuation of ESOPs during these transitions, looking for ways to integrate employee stakes with the new entity seamlessly. This thoughtful approach to ESOP management underscores the importance of these plans in attracting, retaining, and motivating key talent in the region’s competitive tech industry.

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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Boost productivity and beat late nights: The key to success lies in tackling the most demanding task first

It’s 7 PM. I’m getting ready to leave the office, look down at my to-do list, and realise… YIKES … I still haven’t finished what I intended to.

The same task that has been on my list for three days continues to linger. At moments like these, I want nothing more than to rip my hair out. How could I let this happen after 9+ hours of work?!?

Because I was procrastinating the kind of work which takes more mental effort.

And naturally, what is mentally exhausting, is that one task we need to finish but are hesitant to start. Finally, I realised how to stop torturing myself through this simple strategy:

I do my most exhausting task first, for 2-3 hours, before anything else.

Not responding to email, reading the news, or catching up on social media. Nope. The first task I’ll do is my most exhausting task, for two to three hours.

Abiding by this new rule, I leverage the time when I’m most energized — the morning.

Now I don’t leave work at 7 pm, regretting that I didn’t start on my most exhausting task earlier in the day. Here’s the three-step-process how I do it:

First, I prioritise the three things I MUST get done today

After referencing my master to-do list, I write down the three most important tasks that must be done before leaving the office. I do this first thing in the morning, which usually takes 10 to 15 minutes.

By proactively planning my day, I don’t float along, doing random things that come up. Instead of falling victim to “present bias,” I understand exactly what I need to do and in what order.

Below is one of my favourite tools to stay focused on my current task.

Tooltip: momentum

Momentum is a free Google Chrome extension that displays a reminder of the task you should be focused on every time you open a new tab. Plus, it has a pretty rotating picture and inspiring quote.

It’s a great reminder of what you should be focused on whenever opening a new tab. Here’s what it looks like:

Second, I do my most exhausting task immediately after

After prioritising my day, I immediately begin my most tiring task for two to three hours. I work on this before responding to email, answering chat messages, attending meetings … before ANYTHING. Why?

Because I have the most mental energy in the morning, and the most exhausting work (usually the most important) requires the most mental energy.

I used to work on easier tasks first (ex. Scheduling email marketing campaigns) instead of harder ones (ex. writing this article), simply because they were easier.

Then when I finally got around to the harder task, halfway through the day, I only had a few hours left. This left me pissed off at myself because at 7 pm I still had more work to do.

It’s a paradox.

We will hate ourselves later if the task isn’t finished, but we procrastinate on getting started with the task. It’s self-inflicted mental torture attributed to chronic procrastination.

This problem is easily solved by working on the most exhausting task, first thing in the morning.

“You can spend a lifetime studying, planning, and getting ready for it. What you should be doing is getting started” — Drew Houston, CEO of Dropbox

Third, I work in a series of sprints and rests

Unless you’re the Terminator (or drink 13 cups of coffee), you have highs and lows of energy throughout the day. You are human, not a robot.

And that’s ok.

That’s how our bodies are biologically designed. We have natural “ultradian rhythms,” which fluctuate every 90 minutes. If we can take advantage of them, we can get more done throughout the day.

Also, it’s a great idea to start tracking your energy throughout the day to understand when you’re most energised.

Always do your most exhausting (which probably means your most important as well) first thing in the morning. You leverage your mind and body’s energy fluctuations throughout the day.

We often think of productivity as getting more done each day which is a misconception.

Being productive is about maintaining an average speed of essential tasks; not rapidly doing 20 random tasks as fast as possible. That will eventually lead to burnout.

Success is a mental commitment. Not a time commitment.

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

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Image Credit: 123RF

This article was first published on September 4, 2019.

 

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The future is skills, not jobs

Finding and hiring the right people (and placing them in the right roles) is critical to business success. While this is not a controversial idea, many organisations are still using outdated Talent Acquisition (TA) processes that prioritise previous job titles, years of experience, or educational attainment rather than the actual (or potential) capabilities of the candidate.

As the VP and Group Head of Recruitment at National Grid, Darren Peiris, recently said on The Talent Blueprint podcast, “Recruitment is the most important thing we are going to do as an organisation. It can help change the culture, the people, the performance, and what we deliver. So I always say to people, if you’re going to prioritise something, prioritise recruitment.”

In 2024, prioritising recruitment means rethinking how we identify, engage and attract talent into a business. And, in the increasingly competitive talent market, the businesses that have established a skills-based talent acquisition process will have a competitive advantage.

Technological change, geoeconomic trends and the green transition pose great risks to people’s livelihoods and are fundamentally transforming labour markets. The Future of Jobs Report 2023 indicates that by 2027, 43 per cent of work tasks will be automated.

Over 1 billion jobs are projected to be radically transformed by technology by 2030, leading to the need for a global reskilling revolution. Urgent investment in human capital is therefore needed to create a fairer world by ensuring people are given the chance to fulfil their potential and thrive.

Our approach to skilled-based hiring 

LeapIn is a next-gen skills-based talent intelligence platform that transforms how we hire, retain, and develop talent. Its headquarters is based in Singapore.

Also Read: Hiring for scale: The evolution of your startup’s customer operations team

LeapIn uses an algorithm that combines behavioural science to help companies evaluate the soft skills and capability of talent and make more informed decisions for hiring and talent development. LeapIn’s technology analyses emotional data and people’s language patterns to discover valuable insights about the type of personality traits and soft skills the respondent possesses. LeapIn‘s skilled-based hiring stands out because of its friction-free usability and validated reliability.

Skills-based hiring, in short, is a talent acquisition approach that evaluates candidates based on their unique and individual abilities and skills, as opposed to assessing them based on more “traditional” measures, like previous job titles, educational attainment, or other more subjective factors.

This method is gaining traction as it provides a more objective and effective way to evaluate candidates — and ensure they have the necessary capabilities to succeed in a given role. It gives companies an added repertoire towards assessing candidates and guards against the random biases and quirks that can creep into the hiring process.

Global enterprises have already incorporated LeapIn AI. In one case study, over 20,000 candidates were employed by a large manufacturing company in Germany. A total of 8,000 candidates were evaluated using LeapIn’s AI interview, after which the top-ranking candidates, 200 applicants, received a job offer.

Company recruiters and business managers provided feedback to candidates based on their interviews. This feedback aligns with the AI score of 96 per cent. Such tests have been performed with several companies in the FMCG, finance and retail industries to similar effect.

Korn Ferry’s research shows that by the year 2030, demand for skilled workers will outstrip supply, which is expected to cost companies (in the US alone) US$1.7 trillion. The competition for talent with highly in-demand skills will become even fiercer, and the skills needed to succeed in many roles are changing quickly. Companies realise that they need to deconstruct jobs into the tasks they comprise and the skills required to do them in order to find agility and speed in a challenging talent landscape.

Competition for skills is getting more intense, and today’s employees have a deep desire to learn and grow. Seventy-six per cent of employees say they are more likely to stay with a company that offers continuous training, according to the Society for Human Resource Management.

Leaders must help people thrive at all levels by strengthening their “power skills.” Functional skills like coding are vital, but power skills—such as critical thinking, communication, problem-solving, and creativity—open new doors, especially for upward mobility into leadership roles.

Also Read: Are you a human resource?

Companies with a skills intelligence system will develop higher-performing teams, a better employee experience, and more efficiency, productivity, and engagement. The system is the breakthrough: human-centred technology that transforms the way companies hire, reward, and grow their people. Unlike tools available today, it will remove the bias, friction, and errors found in traditional approaches.

Companies can:

  • Be smarter and more agile, hiring the right people based on the skills they have versus their degrees or job history
  • Use skills intelligence to identify high-potential employees based on insights, not anecdotes
  • Create dynamic career paths for each employee by surfacing new opportunities for skills development, roles, and experiences within the company
  • Level the playing field for talent with rich, diverse backgrounds and capabilities

The power of AI

Organisations need HR tech tools powered by AI to help them in each of these areas. Tools that help identify and define the skills you already have internally, the skills gaps you need to fill, and quickly find the candidates who have those skills — whether they are already within your organisation or are brand new hires. Skills-based transformation doesn’t (and shouldn’t) just apply to the sourcing and hiring process — it affects internal talent mobility, talent management, learning and development, and workforce planning.

The best use of technology is not just to make existing tasks easier, faster, and cheaper but to enable a new methodology from the ground up. In recent years, the global workforce has been changing with the emergence of the gig economy, which is a flexible, on-demand workforce.

In today’s so-called fourth industrial revolution standing still is akin to moving backward. LeapIn has the tools to help companies take a step into the future, while also bringing the human back into human resources.

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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Ecosystem Roundup: SEA fintech funding plunges in Q1 2024 | Jago raises US$6M | Pitik laid off 50%+ staff

Dear reader,

Tracxn, a SaaS-based market intelligence platform, recently released its Geo Quarterly Report: SEA FinTech Q1 2024, unveiling insights into Southeast Asia (SEA)’s fintech arena. Despite the region’s typically vibrant ecosystem, Q1 2024 witnessed a significant funding decline, amounting to US$530 million—a 44 per cent drop from the previous quarter and a 13 per cent decrease compared to last year. This downturn was primarily fueled by a substantial 64 per cent decrease in late-stage funding, contrasting with a remarkable 114 per cent surge in early-stage investments, which reached US$240 million, reflecting investor confidence in burgeoning fintech startups.

ANEXT Bank’s US$148 million raise from Ant Group stood out as the sole funding round exceeding US$100 million in Q1 2024, with no new unicorns emerging. Despite the funding challenges, the report underscores the resilience of early-stage investments, hinting at ongoing interest and growth prospects in the SEA fintech sector.

Moreover, while IPO activity remained stagnant, acquisitions experienced a noticeable uptick, totaling 10 in Q1 2024, compared to six in Q4 2023 and five in Q1 2023. This trend highlights a dynamic landscape ripe for strategic partnerships and industry consolidation, despite the funding downturn.

Find out more about the discovery in this news coverage.

Anisa,
Editor.

—-

NEWS

Southeast Asia’s fintech funding plunges by 44 per cent in Q1 2024 amid dynamic ecosystem
The report also put spotlight on the popular fintech verticals in Q1 2024 with banking tech emerged as the top funded segment

ClickPost secures US$6M for global expansion and AI push
The fresh funding will fuel ClickPost’s development of new AI-driven modules, support global expansion plans, and bolster its hiring efforts

Mobile cafe startup Jago raises US$6M to deliver affordable coffee across Jakarta
With new funding, Jago aims to expand its service, establish additional depots, and launch more carts while enhancing its technology stack

East Ventures bets on Indonesia’s PathGen to improve cancer diagnoses
The new capital will mainly go toward the startup’s research and development, technological upgrades, market growth, and other operational aspects, Tech In Asia writes

Indonesian poultry startup Pitik said to have laid off more than 50 per cent staff
According to DealStreetAsia, the startup grapples with fundraising challenges and a market downturn

FEATURES

Addlly AI joins Microsoft’s Gen AI Growth Accelerator, pioneering strategic content solutions for businesses
Addlly AI positions itself as a strategic partner for businesses seeking to harness Gen AI’s potential for their content requirements

The journey of Alternō: A tale of innovation, sustainability, and friendship
Alternō envisions a world where sustainable energy is accessible and affordable for all, heralding a new era of eco-conscious living

FROM OUR CONTRIBUTORS

Investing for her future: Why women should take control of their finances
In a society where women still face systemic barriers to economic empowerment, taking control of one’s financial destiny is an act of defiance and liberation

The future is skills, not jobs
Companies utilising a skills intelligence system foster high-performing teams, enhance employee experience, and boost efficiency, productivity, and engagement

3 things first-time founders should know about ESOP implementation
By establishing an ESOP pool early, startups can prevent dilution of the founding team’s shares and retain equity for crucial future positions

Exploring the boundaries of AI: What AI can or cannot do?
AI holds immense promise to transform industries and enhance human capabilities, revolutionising businesses worldwide

A guide on analysing market opportunity for a new product
Expanding into new markets requires careful planning, extensive research, and expertise in the local landscape

Decarbonising real estate: How Accacia’s AI platform is helping the industry go green
Accacia is an AI-powered B2B SaaS platform that enables large property owners to monitor their carbon footprints in real time

FROM THE ARCHIVE

Expert advice for crafting a winning deck, straight from the community
While there are many factors that contribute to the success of a fundraising process, you want to make sure that your pitch deck is spot on

Navigating startup funding: A primer on 10 investor types every entrepreneur should understand
The right financing source might make or break your business. Identify the type of investors that are most suitable for you in this article

Pitching prep: Anticipating key questions VCs pose in pitch sessions
Even during the pandemic, opportunities to attend a pitching session with a potential investor remain abundant

Equity harmony: Strategies for fair founder equity distribution without discord
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?

Powering startups: 10 cutting-edge digital marketing strategies for rapid growth
Some of the top tried and tested digital marketing strategies to increase reach in the digital sphere

Friction vs value: The key to engaging users in immersive experiences
Uncover the balance between the benefits and friction of immersive experiences across various tech and insights for effective project design

Burning urgency: Why businesses must mobilise against forest fires and climate change
Incentivising on climate change can assure people to behave much more efficiently

The climate change and gender equality connection: How to support underfunded women-owned business
While there is a distinct relationship between gender inequality and climate change, investment mandates rarely combine both of these lenses

Boost productivity and beat late nights: The key to success lies in tackling the most demanding task first
Successful people focus on getting important things done consistently. This is the key behind their productivity

Image Credit: 123RF

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Southeast Asia’s key VC players: Investing in Innovation

Discover the vibrant landscape of Southeast Asian venture capital with a glimpse into the investment strategies of leading VC firms. From Earth VC’s focus on climate-tech solutions to Foxmont Capital Partners’ support for Filipino entrepreneurs, explore how these firms are shaping the region’s startup ecosystem.

Earth Venture Capital

Earth VC is a global VC firm investing in climate-tech solutions, with a focus on the Southeast Asia region. The firm invests in seed to Series A startups in AI, Machine Learning, robotics, new materials, new energy, and the IoT that serve the goals of switching to renewable energy, abandoning fossil fuel, and increasing the level of carbon storage.

Also Read: The journey of Alternō: A tale of innovation, sustainability, and friendship

It writes a cheque size of US$500,000 to US$1 million in pre-seed, seed, pre-Series A, and Series A startups.

This week, Earth VC invested in Blykalla, a Swedish company specialising in the production of advanced small modular reactors.

Intudo Ventures

Intudo is an Indonesia-focused independent VC firm that co-founds and invests in early-stage companies led by best-in-class “S.E.A. Turtle” returnees and local founders in the consumer, finance, healthcare, education and media sectors.

It co-founds and invests in joint-venture structured early-stage companies focused on the Indonesian market.

The average cheque size is US$1M to US$10M

BEENEXT Accelerate

BEENEXT is a venture capital firm investing in startups from India, Southeast Asia, Japan, and the US. The Singapore-headquartered investor invests in angel, seed, and Series A stages.

This week, it invested in Jago, an Indonesia-based mobile cafe startup,

Rebright Partners

Rebright Partners is a Japanese early-stage VC firm investing in India and the ASEAN region. It acts as a gateway between Japan, ASEAN, and India. The investment locations are India, Singapore, Malaysia, Indonesia, Thailand, and the Philippines.

Also Read: McKinsey alum’s EliteFit.AI aims to democratise fitness with virtual physiotherapy

This week, it invested in ClickPost, an Indian logistics intelligence platform

Wavemaker Partners

Wavemaker Partners invests in a broad range of technology-driven companies in the US and Southeast Asia. The Singapore-based VC firm invests in angel, seed, pre-Series A, and Series A-stage startups across Hong Kong, Singapore, the Philippines, Thailand, the US, Indonesia, Vietnam, Malaysia, Brunei, Myanmar, Cambodia, and Laos. The average investment size is US$250K to US$5M.

This week, it invested in Staple, a Singapore-based AI-driven document processing company.

Foxmont Capital Partners

Foxmont is a multi-focus VC fund dedicated to Filipino entrepreneurs to support them with capital, network and through the different stages of development. The VC firm invests in startups across seed and pre-Series A/bridge stages. The investment range is US$100K to US$500K.

This week, it invested in Nibertex, a material science venture based in Singapore and the Philippines.

X marks Echelon. Join us at Singapore EXPO on May 15-16 for the 10th edition of Asia’s leading tech and startup conference. Enjoy 2 days of building connections with potential investors, partners, and customers, exploring innovation, and sharing insights with 8,000+ key decision-makers of Asia’s tech ecosystem. Get your tickets here.

Want more from your Echelon experience? Be an Echelon X sponsor or exhibitor. Send enquiry here.

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Exploring the boundaries of AI: What AI can or cannot do?

The world of today has seen it all: a world where machines can think, learn, and even anticipate our needs. This technology has captured our imagination and sparked innovation throughout industries.
There are things that AI can do exceptionally well, and yet there are tasks that it cannot comprehend.

Any business leader should only implement AI into any workflow after testing the waters for that particular use case. As we delve into this technology, we need to gauge the incredible potential and the inherent challenges it faces.

Power of AI: What AI can do?

Automate, predict and analyse

AI can automate repetitive and tedious tasks, such as data entry, quality control, and testing, freeing up time for employees to focus on more strategic and creative tasks. It can analyse vast amounts of data and identify patterns, making predictions about future events with high accuracy.

By leveraging AI-powered predictive analytics, businesses can anticipate market trends, identify opportunities, and make informed decisions that drive growth and competitiveness.

Personalise experiences

AI has transformed the customer-business relationship, making it more personal and tailored to individual preferences. Advanced machine learning techniques and AI analyse vast amounts of data to understand customer preferences, purchase history, browsing behaviour, and demographic information.

This knowledge is then utilised and leveraged to deliver personalised recommendations, content, and offers across various touchpoints, including websites, mobile apps, email campaigns, and social media platforms. One of the key benefits of personalisation is its ability to enhance the customer experience and drive engagement.

Also Read: A new era of automation: Establishing best practices for intelligent automation and generative AI

Additionally, AI-driven personalisation enables businesses to segment their customer base and target specific audience segments with relevant messaging, promotions, and offers, maximising the effectiveness of their campaigns.

Enhance security

With the rise of cyber threats such as data breaches, protecting sensitive information and safeguarding against security breaches has never been more critical. Fortunately, AI-powered security solutions offer advanced capabilities to effectively enhance security measures and mitigate cyber risks.

One of AI’s key advantages in cybersecurity is its ability to analyse data and detect anomalies in real-time. By continuously monitoring network traffic, user behaviour, and system logs, AI algorithms can identify suspicious activities.

Another area where AI excels in cybersecurity is fraud detection and prevention. AI-powered fraud detection systems analyse transactions, user behaviour, and other relevant data points to identify fraudulent activities and unauthorised access attempts.

Limitations of AI

  • While AI excels at processing large amounts of data and identifying patterns, it often struggles to understand context and make nuanced decisions based on situational factors. This limitation can lead to errors or misinterpretations, particularly in complex or ambiguous scenarios.
  • Despite its advanced capabilities, AI fails to replicate human intuition, creativity, and emotional intelligence. Tasks that require abstract thinking, empathy, or artistic expression are challenging for AI systems to perform accurately.
  • AI algorithms are trained on historical data, which may contain biases and prejudices inherent in human society. As a result, AI systems can perpetuate or even amplify existing biases, leading to unfair outcomes or discriminatory decisions, particularly in sensitive areas such as hiring, lending, and criminal justice.

Revolutionising industries across the board

The number of ways AI can be used in a business is endless. Every industry today can leverage this revolutionary technology to achieve greater heights, be it retail, finance, marketing, healthcare, etc.

Also Read: New year, new funding strategies: Powering up sustainability tech startups

Integrating AI with no-code development platforms has further accelerated its adoption and democratised its benefits across industries. No-code AI tools empower businesses to harness the power of AI without the need for coding.

It enables faster innovation, streamlined processes, and enhanced decision-making capabilities. This has transformed industries by enabling organisations of all sizes to leverage AI-driven insights and automation, driving growth and competitiveness in the digital age.

Conclusion

AI is by far the most revolutionary technology of our time. With its potential to transform industries and enhance human capabilities, it holds immense promise to revolutionise businesses and industries worldwide.

While it excels at processing data and making predictions, it still struggles with understanding context and replicating human-like intuition and creativity. But despite these challenges, the opportunities presented by AI are boundless.

Businesses can use this technology responsibly to drive innovation, improve efficiency, and enhance customer experiences. As we continue to harness this power, let us remain aware, ensuring that it serves as a force for positive change

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

Join our e27 Telegram groupFB community, or like the e27 Facebook page

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