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Cruising the startup ocean: Building without a playbook

At the end of 2025, I took on a new project: joining a startup team to launch a cruise ship.

On paper, it sounded exciting. In reality, it was one of the most uncomfortable, demanding, and emotionally intense experiences I’ve had in my career. And one that reshaped how I think about work, people, and building from the ground up, pushing me far beyond my comfort zone.

For the first time, I found myself working closely with people from vastly different backgrounds — marine engineers, F&B operators, IT teams, sales and commercial leads, gaming specialists, terminal officials, ferry operators, distributors, marketing teams, crew members, and front-of-house staff. Everyone spoke a different “language,” came with different priorities, and operated under very different constraints.

If my earlier roles helped me enter the startup world, this project dropped me straight into the deep ocean. No floaties. No shallow end.

There were days when frustration turned into tears. There were moments when exhaustion blurred judgment. But there were also moments of clarity — when you see real impact happening in real time, and you realise you’re building something that didn’t exist before.

This is the side of startups we don’t romanticise enough.

When things break, results matter more than procedures

In theory, startups talk about processes, workflows, and frameworks. In reality, when things go wrong — and they often do —  no one asks for the SOP first.

They ask: Can we fix this? And how fast?

This project gave me a full taste of what “results-oriented” really means. When a problem escalates, the priority isn’t whether the issue fits neatly into a process. It’s about ownership, speed, and outcomes. You do what needs to be done, figure out the documentation later, and move forward.

That doesn’t mean procedures are unimportant but in the heat of execution, adaptability beats perfection every time.

Also Read: Why AI startups across Southeast Asia are shipping themselves into churn

SOPs matter, but everything changes in a heartbeat

Yes, startups need SOPs. Especially when safety, compliance, and customer experience are involved.

But startups are also living systems. Things shift constantly — partners change requirements, customers behave unexpectedly, resources tighten, and timelines move overnight. What made sense in the morning may be outdated by the afternoon.

What really matters is how you keep the team moving forward with the right spirit, while juggling customer complaints, management scrutiny, partner constraints, and limited resources — all at once.

One lesson that stuck with me: don’t use an AM mindset to judge a PM situation. Context changes. Decisions need to adapt to it.

There is hierarchy, but courtesy matters more

When things move fast, it’s easy to become laser-focused on execution and forget that every person involved has their own role, responsibility, and pressure.

In startups, you often ask for help that sits right at the edge of someone else’s scope. Sometimes beyond it. That’s when gratitude matters most.

Never take support for granted — whether it comes from a junior crew member or a senior leader, a partner team or a “sister” department. A simple “please” or “thank you” goes further than most people realise, especially under pressure.

Speed does not excuse a lack of respect.

Your job title should never limit your contribution

In a real startup, job titles are guidelines at best.

On this project, everyone did a bit of everything. That doesn’t mean you personally execute every task with your own hands, but it does mean you own the problem until the loop is properly closed.

Sometimes that means finding the right person. Sometimes it means unblocking someone else. Sometimes it means stepping in temporarily, even if it’s not “your job.”

Startups reward people who go beyond defined lanes — not because they are overworked, but because they care about outcomes.

Also Read: How startups and VCs can propel Indonesia’s energy transition

Corporate vs startup: know what you’re signing up for

This journey is very different from the corporate world. Neither is better, but they are not the same.

If you’re considering joining a startup, here are a few signs to check within yourself first:

  • Be ready for work that was never mentioned in your job description and often has nothing to do with your title.
  • Learn to be a problem solver, not someone who hides behind procedures or waits for perfect clarity.
  • Build resilience. Frustration, criticism, repetition, and emotional swings are part of the package. You fall, you stand up, and you keep going because you know you’re building something bigger with people from all walks of life.

Startups are not glamorous most of the time. They are messy, demanding, and deeply human.

But if you stay long enough, they shape you in ways no classroom or corporate training ever could.

Enjoy building — and get stronger while crushing problems along the way.

In the end, cruising the startup ocean is about learning to build without a playbook and becoming more adaptable with every wave you face.

This article is part of Cruising the Startup Ocean, a series exploring the real challenges of building in fast-moving startup environments.

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: Canva

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Infrastructure takes the throne in Southeast Asia tech

In a historic shift for Southeast Asia’s tech sector, the crown for the most funded industry has changed hands.

Enterprise infrastructure has emerged as the top-performing sector, raising a total of US$2.3 billion in 2025. According to the “SEA Tech Annual Funding Report 2025” by Tracxn, this represents a robust 70 per cent increase over the US$1.3 billion raised in 2024 and an incredible 12x increase from the US$182 million raised in 2023.

Also Read: Southeast Asia’s startup boom is becoming a closed club

The driving force behind this infrastructure boom is the region’s hunger for digital storage and processing power. Data centre providers alone accounted for US$1.9 billion of the sector’s total, led by massive rounds for Princeton Digital Group and Digital Edge. Investors are pivoting away from application-layer software and toward the physical and cloud-based foundations that allow the broader digital economy to function.

While infrastructure soared, the region’s traditional darling, fintech, faced significant headwinds. The sector saw total funding drop to US$1.5 billion, a 21 per cent decrease from 2024 and a 42 per cent collapse from the US$2.6 billion raised in 2023. Despite this decline, the vertical remains a core pillar of the ecosystem, with internet-first business payments and internet-first remittance platforms like Airwallex and Thunes still managing to attract significant late-stage capital.

The enterprise applications sector also struggled to maintain momentum, raising US$1.42 billion in 2025. This reflects a 38 per cent decline compared to the US$2.3 billion raised the previous year. It appears that the era of speculative investment in “software-as-a-service” (SaaS) platforms is being replaced by a more pragmatic focus on “hard” tech and the AI-ready infrastructure required for the next decade of growth.

Also Read: Jakarta trails as Singapore tightens its grip on tech capital

Investors are essentially moving from building the fancy rooms of the digital house to investing in the steel and concrete of the foundation itself

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Why GIC is backing Anthropic over OpenAI

Anthropic co-founders Dario Amodei (L) and Daniela Amodei

Anthropic, the fast-rising artificial intelligence (AI) startup behind the Claude chatbot, is in talks to raise up to US$10 billion in fresh funding at a valuation of around US$350 billion, says a Wall Street Journal report, citing sources.

The proposed financing round is expected to be led by Coatue Management alongside GIC, Singapore’s sovereign wealth fund, with participation from existing shareholders. The discussions come amid growing speculation that Anthropic could pursue an initial public offering within the next 12 to 18 months, as leading AI players race to secure ever-larger capital war chests.

AI investment boom intensifies

The potential deal underscores the relentless investment momentum surrounding generative AI, even as concerns mount over frothy valuations and the long-term economics of AI businesses. Developing large-scale AI models is notoriously expensive, requiring massive investments in computing power, energy, and specialised data centre infrastructure.

Also Read: OpenAI announces Singapore expansion amid doubling of ChatGPT users

Anthropic’s prospective valuation would place it among the world’s most valuable private companies, trailing only a handful of AI rivals. In December, OpenAI announced a US$41 billion investment from Softbank and is currently valued at US$500 billion, while Elon Musk’s xAI announced on January 6 that it had raised US$20 billion, reportedly valuing the company at over US$230 billion.

A safety-first AI challenger

Anthropic was established with a strong emphasis on AI safety and alignment, and is structured as a public benefit corporation, committing it to public and social good alongside commercial returns. That positioning has resonated with deep-pocketed investors. In 2024, Anthropic raised US$8 billion from Amazon, its largest investor to date. Google has invested approximately US$3 billion and controls around 14 per cent of the company, according to court documents cited by The New York Times.

In total, Anthropic has raised at least US$40 billion in funding, according to PitchBook data. The company’s previous funding round closed in September at a valuation of US$183 billion, while Microsoft and Nvidia later announced plans to collectively invest around US$15 billion.

GIC’s strategic bet on responsible AI

GIC’s involvement reflects its growing conviction that AI represents a foundational economic transformation, rather than a short-term technology cycle. Sources familiar with its thinking say the sovereign fund is particularly drawn to Anthropic’s focus on reliable, interpretable, and steerable AI systems, which it views as essential for long-term enterprise adoption.

Rather than chasing hype-driven valuations, GIC is said to be taking a valuation-sensitive approach across the AI value chain, targeting enablers, monetisers, and adopters that can deliver sustainable economic impact. Its backing of Anthropic builds on earlier investments, including participation in the startup’s US$13 billion Series F round.

Also Read: Anthropic index shows AI boom risks widening global inequality

Notably, GIC has no public equity investments in OpenAI, despite the latter establishing Singapore as its Asia-Pacific headquarters. While OpenAI counts Microsoft, Nvidia, and other global players among its backers, GIC’s stake in Anthropic gives Singapore direct exposure to a safety-focused AI leader, rather than just an operational presence.

Massive infrastructure ambitions

As Anthropic pushes to commercialise its AI models for enterprises and consumers, its capital needs are ballooning. The company is spending tens of billions of dollars on the data centre infrastructure required to train and run advanced AI systems.

Late last year, Anthropic announced plans to invest US$50 billion in data centres across Texas and New York in partnership with cloud provider Fluidstack, though it has not detailed how the project will be financed. The startup is also purchasing vast amounts of computing power from Amazon and Google.

One of its most ambitious projects is a massive Amazon data centre in New Carlisle, Indiana, where Anthropic will be the primary customer. Once fully operational, the facility is expected to consume 2.2 gigawatts of electricity, enough to power around one million homes.

Implications for Southeast Asia

GIC’s potential investment could have meaningful spillover effects for Singapore and Southeast Asia’s AI ecosystem. Market observers say it may accelerate Anthropic’s expansion in the Asia-Pacific region, boost local hiring, and deepen partnerships with regional enterprises.

The move also reinforces Singapore’s position as a leading AI hub. The city-state is home to 80 of the world’s top 100 technology firms, has attracted US$1.6 billion in AI funding, and continues to promote responsible AI through initiatives such as AI Singapore. The country’s AI market is projected to grow 28 per cent to reach US$4.64 billion by 2030, underpinned by strong governance frameworks and public-private collaboration.

Also Read: Anthropic data shows businesses use AI to automate, not collaborate

For Southeast Asia’s broader startup ecosystem, GIC’s backing of Anthropic sends a clear signal: capital is increasingly flowing toward foundational, safety-conscious AI infrastructure, marking a shift from speculative software bets to the core systems powering the next decade of digital growth.

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Ecosystem Roundup: Why GIC backs Anthropic, Indonesia tightens AI rules, xAI’s losses mount, Thailand joins chip race

Anthropic’s latest funding talks mark more than just another eye-popping valuation in the global AI race — they signal a deeper shift in how capital is being deployed into the sector, and why Singapore increasingly matters in that equation.

With GIC emerging as a key backer at a reported US$350B valuation, the deal underscores a growing preference for foundational, safety-first AI infrastructure over speculative application-layer bets. At a time when generative AI enthusiasm risks outrunning economic reality, Anthropic’s positioning as a public benefit corporation focused on alignment and enterprise reliability offers investors a narrative anchored in durability rather than hype.

For Singapore, GIC’s involvement delivers strategic relevance beyond headlines. Unlike OpenAI’s regional footprint in the city-state, this move provides direct equity exposure to a frontier AI company shaping global standards around safety, governance, and large-scale deployment. It strengthens Singapore’s role not merely as an operational hub, but as a capital allocator influencing how AI evolves.

The scale of Anthropic’s ambitions — from multibillion-dollar data centre investments to energy-intensive compute partnerships — also highlights a broader truth: AI leadership will be determined as much by infrastructure discipline as by model breakthroughs.

As global investors pivot from “fancy rooms” to the steel and concrete of AI’s foundations, Southeast Asia, backed by long-term capital and regulatory clarity, is positioning itself firmly in the next chapter of the AI economy.

REGIONAL

Why GIC is backing Anthropic over OpenAI: Rather than chasing hype-driven valuations, GIC is said to be taking a valuation-sensitive approach across the AI value chain, targeting enablers, monetisers, and adopters that can deliver sustainable economic impact.

X faces possible sanctions as Indonesia tightens AI rules: An investigation has been launched into the alleged misuse of Grok AI over concerns that it is being used to generate and distribute immoral content, including manipulated personal photos created without consent.

Southeast Asia’s startup boom is becoming a closed club: The number of companies receiving their first round of capital fell 62%, from 283 in 2024 to just 107 in 2025. Investors are clearly operating with a “flight to quality” mindset, favouring companies with clear paths to profitability and established market presence.

Indonesia’s crypto trading hits US$28.6B in 2025: The country’s Financial Services Authority said the number of registered cryptocurrency consumers rose to 19.6M in November 2025, up 2.5% from October. Cryptocurrency transaction value in December 2025 fell 12.2% to US$2B, compared to November.

Jakarta trails as Singapore tightens its grip on tech capital: Singapore’s US$4.7B haul dwarfed Jakarta and regional peers as late stage mega rounds reshaped funding flows. Jakarta, traditionally the second powerhouse of the region, trailed far behind with just US$212M, representing a mere 4% of the total funding pool.

8×8 acquires Maven Lab, signals shift beyond SMS in Southeast Asia: Maven Lab is best known for its solution-based messaging platforms, including Moobidesk, which enable enterprises to deploy high-volume communications quickly and efficiently across regulated markets.

FEATURES & INTERVIEWS

Infrastructure takes the throne in SEA tech: Enterprise infrastructure has emerged as the top-performing sector, raising a total of US$2.3B in 2025. As per a Tracxn report, this represents a robust 70% increase over the US$1.3B raised in 2024 and a 12x increase from the US$182M raised in 2023.

Pandai’s low-cost growth playbook puts the edutech startup on LSE’s 100x Impact radar: Pandai is selected for 100x Impact, an initiative that identifies high-impact organisations with the potential to improve the lives of one billion.

Wallets, not smart contracts, were crypto’s biggest risk in 2025:  The dominance of the Bybit breach highlights how failures in custody infrastructure can lead to substantial losses, even as decentralised protocols adopt more robust security frameworks.

INTERNATIONAL

Musk’s xAI reports US$1.5B net loss in Q3: The company’s revenue nearly doubled quarter-over-quarter to US$107M for the three months ended September 30, 2025, but sales still trail its annual target of US$500M. xAI spent US$7.8B in cash in the first nine months of 2025, mainly on data centres, talent, and software development.

Global enterprises shift AI strategies from cost savings to growth, study finds: Optimism is strongest in India and Brazil, where almost half of leaders expect more than 15% growth within five years. Germany and Australia remain more cautious, reflecting uneven maturity in AI strategies across regions.

Razorpay reportedly plans US$500M IPO: The Indian digital payments firm was last valued at US$7.5B after raising US$375M in 2021 and counts GIC, Peak XV Partners, Z47, and Tiger Global as investors. The public issue may launch by year-end, but the timing and final amount could change.

UK watchdog says Grok allegedly made illegal images: The watchdog IWF said the images meet the threshold for criminal action under UK law. These images, allegedly produced using the Grok Imagine tool, were later processed using another AI tool to create more extreme content, including graphic video.

SEMICONDUCTOR

Thailand enters the chip race, without challenging Singapore head-on: At its core is an ambition to reposition the country as a critical node in the regional and global chip supply chain, moving decisively beyond basic assembly into design-led and upstream manufacturing.

China memory chip prices surge on global supply crunch: Merchants at Huaqiangbei, a major electronics market in Shenzhen, said memory chip prices have sharply increased since late 2025, with DDR5 server memory sticks from Samsung and SK Hynix reaching over US$5,700 each.

India, Nvidia in talks on sovereign GPU development: The discussions also included edge computing systems such as Nvidia’s DGX Spark, which is designed for AI apps and can operate without internet connectivity. The talks focused on supporting secure AI model inferencing for use in sectors like railways, healthcare, and education.

Qualcomm in talks with Samsung over 2-nm chip production: The US chipmaker’s CEO Cristiano Amon reportedly said discussions are ongoing with Samsung, among other foundry firms, for contract manufacturing, with design work reportedly completed for upcoming commercialisation.

Naver builds AI computing cluster using 4,000 Nvidia GPUs: The company said the new “B200 4K cluster” will support the development of its proprietary foundation models and the broader application of AI technologies. Naver said the cluster offers computing performance comparable to the world’s top 500 supercomputers.

AI

SEA consumers demand AI that connects, not just computes: Southeast Asia’s AI adoption is accelerating, but consumers demand human-led experiences, pushing businesses to blend automation with empathy, speed, and personalisation to stay competitive.

AI human hybrid support: Why customers still prefer real conversations: Hybrid customer support blends AI efficiency with human empathy, cutting costs while preserving trust, loyalty, and satisfaction by ensuring speed for routine issues and people for complex, emotional interactions worldwide.

Why many seniors hold back from AI and how we can help them begin: Older adults fear embarrassment, not technology. Learning AI requires psychological safety, patience, and small wins that rebuild confidence, curiosity, and intergenerational connection through participation, not perfection.

THOUGHT LEADERSHIP

Singapore’s next digital leap: From connected infrastructure to intelligent ecosystems: Singapore’s digital infrastructure is evolving from connectivity backbone to intelligent ecosystem driving resilience, innovation, and business transformation.

Cruising the startup ocean: Building without a playbook: Joining a startup to launch a cruise ship revealed the unromantic reality of startups: intense pressure, blurred roles, constant adaptation, and human resilience shaping leaders far beyond comfort zones daily.

Altcoin season 2.0: Smaller rallies, bigger fundamentals, better returns: Altcoin markets are maturing as institutional capital, narrative-driven cycles, and real utility replace indiscriminate speculation, rewarding selective projects with strong fundamentals, scalable infrastructure, regulatory awareness, and measurable adoption.

The freelance economy 2.0: In the age of AI: Asia’s freelance economy is entering a third, AI-driven wave where creatives evolve into idea architects, adopting new skills and revenue models, blending insight with AI to compete on value globally.

Creativity at the heart of business growth: As consumer behaviour shifts toward emotion-led purchasing, brands must embrace creative, content-driven commerce, blending entertainment, authenticity, and technology to build trust, drive engagement, and unlock growth opportunities.

How to navigate through the vast opportunities in the finance industry: Singapore’s finance industry has transformed through digitalisation, shifting investor demographics and fintech innovation, forcing institutions to blend high-tech platforms with human trust, continuous learning and client-centric services to remain competitive.

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How mobile marketing is powering the next phase of food delivery growth in Southeast Asia

Across Southeast Asia, food delivery has become a staple of daily life: convenient, fast, and deeply ingrained in urban culture. While the global appetite for food delivery apps is winding down, Asia Pacific (APAC) is bucking the trend.

Data shows that despite a worldwide drop of 41 per cent in the first half of 2025, APAC  emerged as a rare bright spot, with installs rising 30 per cent year-over-year (YoY). Users in the region also spent more time on these apps, with average YoY session durations increasing from 12.13 to 13.76 minutes. 

This momentum is especially clear in fast-growing, mobile-first markets like Southeast Asia, where food delivery spending in the region climbed to US$19.3 billion in 2024, marking a 13 per cent year-on-year increase led by Vietnam and Indonesia. Driven by rising urbanisation, increased mobile usage, and a strong culture of app-based ordering, platforms in cities like Jakarta, Manila, and Bangkok are improving the app experience by making it more relevant, tailored, and seamless for users.

At the same time, economic pressures are prompting companies to rethink how they grow. With consumer spending becoming more selective and acquisition costs rising, app-based food brands are shifting focus from downloads and discounts to long-term engagement, loyalty, and value. Mobile marketing is playing a key role in powering this shift, helping marketers meet the evolving needs of today’s more discerning consumers

From mass reach to meaningful retention

Consumers in the region are becoming more deliberate with their spending. Many are cutting back on non-essential purchases, but they are still drawn to platforms that offer more than just speed or price. There is growing demand for apps that provide relevant, timely experiences that feel personalised and rewarding.

Also Read: How the upcycling movement can help build a true circular food economy

Food delivery platforms are adjusting their strategies accordingly. Instead of relying solely on discount-led campaigns, many are embracing more targeted approaches based on user behaviour over time. Personalisation is a key driver here, with consumers responding well to offers that align with their cultural context, daily habits, and preferences.

To make these experiences possible, marketers are turning to mobile measurement and analytics platforms to gain better insight into the user journey. In a region where consumers often jump between different apps, channels, and devices, understanding where users come from and what keeps them active is essential.

These platforms are now vital for teams to accurately track key engagement signals across fragmented digital ecosystems. With this comprehensive data capture, marketers can better understand where high-quality users originate and how their post-install behaviour translates into long-term value, shifting the emphasis beyond mere downloads towards smarter targeting and retention.

Crucially, robust deep linking capabilities play an important role in eliminating friction points. They ensure that when a user engages with a promotion or notification, they are instantly directed to the exact, relevant in-app content, significantly reducing drop-off, boosting conversion rates, and maintaining excellent brand experiences.

Also Read: Everything you should know about the future of futuristic food technology

The next chapter of loyalty in food delivery

The continued growth of Southeast Asia’s food delivery sector is not a given. It is a reflection of how quickly platforms in the region are adapting to meet the demands of a mobile-first, experience-driven market.

As consumers become more selective, loyalty will depend less on blanket promotions and more on thoughtful engagement. The ability to understand user needs, personalise content at scale, and measure what drives results will define the next phase of success.

In this landscape, marketing tools that provide transparency and actionable insights are becoming essential. Platforms that combine these capabilities with an understanding of local culture and user expectations will be best positioned to lead. The region’s food delivery growth story is far from over. With the right strategy, the platforms can continue to deepen their user relationships, even as global trends shift around them.

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.

Enjoyed this read? Don’t miss out on the next insight. Join our WhatsApp channel for real-time drops.

Image courtesy: DALL-E

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