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Why reputation is the new growth hack for startups

Building a startup in Southeast Asia today can feel like surviving in a vast, deep ocean. The ecosystem is growing, capital is selective, regulatory scrutiny is sharper, and competition is higher.

Founders focus on product, fundraising, and growth loops. That is necessary. But many ignore one of the most reliable growth levers: reputation. And building it does not require a big budget. It requires intention and consistent communication.

According to Burson, companies with strong reputations can realise up to 4.78 per cent in additional unexpected annual shareholder returns. Other studies show that startups with consistent media coverage attract venture capital faster, close funding rounds efficiently, enjoy lower customer acquisition costs, and outperform weaker brands financially.

Reputation in 2026 measurable. And it is a growth advantage. The question is not whether you can afford to invest in it. The question is whether you can afford not to.

Reputation as a tangible asset: The business case for startups

Reputation is no longer a soft concept; it has financial value. Burson estimates the global Reputation Economy at US$7.07 trillion. 

We have seen this clearly in Southeast Asia. When Grab acquired Uber’s Southeast Asia operations in 2018, part of its advantage was reputation. Grab had a long-term commitment to working with regulators. It was trusted. That credibility mattered in a fragmented regulatory environment.

An inverse example is the low-trust environment of e-commerce. Carousell was an early leader. But when security concerns hit the industry amidst the rise in scams, Shopee’s reputation for buyer protection insulated it. Today, Shopee is exponentially larger.

Reputation shapes outcomes. It protects, attracts, and compounds. Yet many founders treat it as a luxury, or only as a checklist item.

Also Read: Why startups should prioritise brand reputation from day one

Why communications cannot be an afterthought

Many founders delay communications because it feels cosmetic, expensive, or premature.

In reality, communications is tightly linked to core business outcomes. How a company positions itself influences fundraising conversations, hiring quality, partnership opportunities, and even how regulators interpret its intent.

Left unmanaged, perception forms anyway. The risk is not a lack of visibility, but misalignment between what a company is building and how it is understood.

Early-stage communication should focus on clarity. What problem is being solved, why it matters, and why this team is credible. When done well, visibility becomes a byproduct of coherence, not the objective.

Start early: Consistency beats perfection

Many startups wait until they feel “ready” to communicate. That threshold is often unclear and constantly shifting.

Start earlier than feels comfortable.

Progress builds trust more effectively than polished narratives. Sharing what is being built, along with the challenges and trade-offs involved, creates a more credible signal than occasional, highly curated updates.

Silence, on the other hand, creates ambiguity. And ambiguity rarely works in a startup’s favour.

Messaging matters: Balancing the three C’s

Execution without messaging clarity creates noise. A useful way to structure communication is across three dimensions:

  • Corporate: business fundamentals, vision, governance. Why should stakeholders take this company seriously?
  • Concept: product, technology, differentiation. Why does this solution matter now?
  • Community: human connection, brand story, ecosystem. Why should people care?

Startups often over-index on product. But technology without credibility feels fragile, while credibility without connection feels distant.

Reputation sits at the intersection of all three.

Also Read: With AI comes huge reputational risks: How businesses can navigate the ChatGPT era

Adapt to context: Southeast Asia is not a single market

Communications is context-dependent.

Southeast Asia is frequently treated as a single region, but media environments, regulatory sensitivities, and audience expectations differ significantly across markets. What works in Malaysia may not translate in the Philippines. What resonates in Singapore may fall flat in Indonesia.

This requires adaptation at multiple levels, from messaging to channel selection to how success is measured.

A single approach may be efficient, but it is rarely effective.

From episodic visibility to sustained credibility

Not all external communication is equal. One-off announcements can generate attention, but they do not build a reputation on their own.

Reputation is cumulative. It is shaped by consistency, clarity, and how a company shows up over time.

Startups that treat communication as an ongoing function, rather than a series of campaigns, tend to build stronger credibility. This has practical implications. Investors engage faster, customers convert with more confidence, and external stakeholders require less persuasion.

Building a startup will always involve uncertainty. Reputation does not remove that uncertainty, but it changes how others respond to it.

In Southeast Asia’s current environment, that shift can be a meaningful advantage.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

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AI Agents and the end of the all-in-one employee

Around a week before I started writing this, I saw a job post on social media that was everywhere. It got a lot of attention, so I clicked to see why. The requirements were:

  • Minimum bachelor’s degree.
  • More than 15 years of work experience.
  • Under 25 years old.

There were plenty of other detailed requirements, too, all tied to the role itself.

My first thought was that it had to be a typo. But after a few minutes, I started thinking about it differently. What if it was not a mistake? What if the recruiter was genuinely looking for someone young, flexible, and still able to deliver senior-level output?

It sounds extreme, but plenty of companies are looking for someone like this.

Why SMEs create unrealistic roles

Most SMEs do not create impossible roles because they like setting impossible standards. They do it because they are under pressure. They need growth, speed, and solid execution, but they often cannot afford multiple hires or senior-heavy teams.

The work still needs to get done. Marketing, operations, customer support, hiring, and admin all have to keep moving. But instead of building a team with clear roles, they squeeze several responsibilities into one position. They look for someone who can think strategically, move fast, adapt easily, and work with very little support. Sometimes they are not hiring for one role at all. They are really asking one person to carry the weight of several jobs.

At the core, they are trying to solve a real business problem with limited resources. 

Why AI agents make this fantasy feel possible

This is where AI agents start to change the picture.

The idea of one person doing the work of several people no longer feels unrealistic. When one employee has AI tools that can draft emails, summarise documents, organise information, suggest ideas, and automate repetitive tasks, that person can suddenly work much faster.

That is a big part of why AI agents are so attractive, especially for lean businesses. They feel efficient, flexible, and scalable. They can help marketers come up with content ideas, summarise campaign results, and prepare reports. They can help recruiters screen CVs, draft outreach messages, and manage interview schedules. In short, they can take a lot of repetitive work off people’s plates.

Also Read: Hospitality needs to treat AI agents like a new channel, not a new feature

And this is not just hype anymore. McKinsey’s 2024 global survey found that 65 per cent of respondents said their organisations were already using generative AI regularly in at least one business function. That does not mean AI is replacing entire roles, but it does show that companies are starting to treat it as a practical tool for everyday work, not just an experiment.

From a business point of view, the appeal is clear. AI agents look like a way to increase output without immediately adding headcount.

The real barrier is not only technology, but trust

The hardest part of using AI agents is not just the technology itself. It is trust, judgment, and the discipline to use them well.

It is fairly easy to trust AI with first drafts, summaries, or simple admin work. It gets much harder when the task involves customer communication, compliance, or decisions that depend on context. That is usually where hesitation starts.

I do not fully trust AI agents all the time. Some tasks that seem simple enough to hand over still do not come back as well as I expect. Sometimes the output is wrong. Sometimes the judgment is off.

And businesses know those mistakes are not always minor. A weak internal summary can be fixed. A poor customer response can damage trust. A compliance mistake can create much bigger problems.

You can see this gap between experimentation and real confidence at the company level, too. McKinsey reported in 2025 that while almost all companies are investing in AI, only one per cent believe they are truly mature in how they use it. The same report says the biggest barrier to scaling AI is not employees, but leadership not moving the change forward fast enough. That matters because many companies talk about AI as if it is just a tool issue, when in reality it is also a management and workflow issue.

So the real question is not just whether AI agents can do the task. It is whether businesses are comfortable relying on them when accuracy, accountability, and judgment really matter.

What AI agents might quietly take away from workers, especially junior talent

This is the part of the conversation I think we should pay more attention to.

A lot of the work AI agents are starting to handle is repetitive, low-risk, and operational. But that is also where many junior employees used to learn. That first layer of work was never just simple work. It was often where people built judgment, picked up context, and grew professionally.

Think about a junior marketer who no longer has to come up with content ideas, write campaign summaries, or prepare monthly reports, or a junior recruiter who no longer needs to screen resumes, schedule interviews, or manage candidate documents. A lot of junior employees used to learn through exactly these kinds of tasks. By drafting, organising, following up, researching, and handling simpler work first, they built pattern recognition, confidence, and judgment over time. 

Also Read: AI agents and the new rules of business execution

If AI agents absorb too much of that layer, companies may become more efficient in the short term, but weaker in the long term. If junior employees do not get enough real experience, where will future managers and specialists come from?

That is why AI adoption should not only be framed as a productivity story. It should also be part of a capability-building conversation. A company can save time today and still create a talent problem for itself tomorrow.

What companies should do instead

This is why businesses should stop thinking about AI agents only as a replacement tool and start treating them as a work redesign tool.

The better question is not, “How many people can AI replace?” It is, “Which tasks should AI take on, which should stay human, and which should be done together?”

AI agents are useful for repetitive admin, first drafts, summaries, sorting information, and process support. Humans are still better at relationship-building, final decisions, ethical judgment, and high-stakes communication. In most cases, the strongest model is not AI alone or human alone, but humans working with AI.

AI can also raise the floor for less-experienced teams. It can help people perform more consistently in areas like drafting, research, reporting, coordination, and execution. But exceptional talent will still stand out. Judgment, creativity, systems thinking, leadership, and taste are still much harder to compress.

That matters because it changes what company-building can look like. A business in Singapore or Australia, for example, may not need one person to do everything locally. It may make more sense to keep the most strategic roles close to home, build human teams in emerging talent markets like Indonesia or the Philippines, and let those teams work alongside AI agents.

That model can work across many functions, from software development to finance and accounting to sales and marketing. The goal is not to replace people. It is to build a more realistic and scalable way of working around them.

For SMEs especially, this matters. The answer is not to keep searching for one magical employee who can do everything. The smarter move is to build better systems around real people.

Also Read: The one-person company was always possible. AI agents make it probable

The end of the all-in-one employee

AI agents will absolutely change the way companies work. They will raise expectations around speed, output, and how much one person can get done. But they should not become an excuse for unrealistic hiring or weak team design.

The real opportunity is not to expect humans to do even more just because AI exists. It is time to rethink how work is shared, where people add the most value, and how teams are built more realistically from the start.

AI agents will not replace workers. But they may replace the fantasy of the all-in-one employee that so many SMEs have been searching for. And honestly, that may not be a bad thing. That fantasy was never a sustainable way to build a business in the first place.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

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The integrity gap in ESG tech: Why defensibility is the next frontier

The first wave of ESG tech won attention by making sustainability data easier to collect, organise, and present. That was enough when most firms were still trying to get a report out the door, stand up a dashboard, or show that they were at least taking measurement seriously. That phase is ending. There is a clear weight on sustainability-related disclosures being comparable, verifiable, timely, and understandable, while also requiring connected information between sustainability disclosures and financial reporting.

That changes the commercial logic of the software category. The enterprise buyer is no longer asking only whether a platform can calculate a number. Increasingly, the buyer needs to know whether that number can survive challenges from finance, internal audit, external assurance, regulators, and the board. This is the integrity gap in ESG tech. Many platforms can produce metrics. Far fewer can explain, with discipline, where each input came from, what happened to it in transit, which assumptions touched it, and why the final output should still be trusted. That is not a reporting nicety. It is becoming a buying criterion.

The market has moved from measurement to defensibility

The most important shift is not technical. It is institutional.

Sustainability information is no longer treated as a side narrative. It is treated as part of general-purpose financial reporting and explicitly says the information should be provided in a way that helps users understand connections across governance, strategy, risk management, metrics, targets, and the related financial statements. It also defines verifiability in practical terms, saying information is more useful when it can be corroborated directly or through the inputs used to derive it. That is a higher bar than modern ESG software was originally built for.

Why lineage matters more than teams realise

Data lineage sounds technical, but its real value is managerial. Data provenance in terms equivalent to a chain of custody, covering the generation, transmission, and storage of information in a way that can trace origin. That is exactly the language enterprise climate tech should now be borrowing. For a large company, especially in sectors like oil and gas, utilities, manufacturing, and heavy industry, a reported climate metric rarely comes from one neat system. It is assembled across operational data, finance systems, procurement records, supplier inputs, certificates, spreadsheets, manual adjustments, and judgment calls. If that chain is unclear, the number may still be useful for internal direction, but it becomes harder to defend as enterprise-grade reporting.

Also Read: ESG as strategic value: Why Asian boards must move beyond disclosure

This is not abstract. The core reporting principles of many protocols say transparency depends on a clear audit trail, references to methodologies and data sources, and information being recorded and analysed in a way that allows internal reviewers and external verifiers to attest to credibility. It also states that companies are responsible for the existence, quality, and retention of documentation so as to create an audit trail of how the inventory was compiled. It goes further and says an audit trail or similar mechanism is needed to show that no other entity is claiming the same environmental attributes. In other words, lineage is not an administrative garnish. It sits inside the claim itself.

The uncomfortable part for vendors is that dashboards are no longer enough

Many climate tech products were shaped by the priorities of an earlier market. They were built to speed up collection, improve completion rates, standardise templates, and give sustainability teams a cleaner operating interface. None of that is trivial, but it is no longer where strategic differentiation lives.

The next enterprise question is harsher. Can the platform preserve a defendable history of the number, not just its latest version? Can it show which emission factor was used at the time, who overrode a value, which source file was replaced, when a boundary changed, and whether prior periods were restated consistently? The emphasis is on connected information, consistent data and assumptions, and verifiability means the product has to support coherence across narrative, metrics, and financial context. A tool that calculates well but forgets its own reasoning is going to look weaker with every reporting cycle.

Auditability is becoming a commercial feature, not a compliance burden

This is the part many founders and product leaders still underplay. Auditability is often framed as a back-office requirement that slows the user down. In enterprise climate tech, it is becoming part of the product’s commercial value.

The reason is simple. Buyers are now under pressure to prove consistency between sustainability reporting and financial reporting, and assurance helps ensure that connectivity and consistency. That means a platform with weak controls around lineage, documentation, and historical traceability does not just create future compliance pain. It creates present-day buying friction. The product may look strong in a pilot, yet fail the moment the CFO, controller, assurance provider, or procurement team asks how the evidence trail is preserved.

Also Read: Why investors and customers are betting on ESG-aligned startups

That is why I suspect the climate tech category is about to split into two groups. One group will remain workflow-heavy and presentation-strong. The other will start behaving more like financial infrastructure, with native traceability, stronger version control, clearer source attribution, and a deeper understanding of what enterprise assurance actually demands. The second group is where the long-term value will sit. That is an inference, but it is a grounded one given where reporting standards and assurance expectations are heading.

What the next winners will build

The winning products will not simply promise better data quality. They will make integrity visible.

That means preserving source-level provenance rather than flattening everything into a final table. It means maintaining version history for methods, factors, boundaries, and mappings. It means showing not just the result, but the route to the result. It means keeping enough context so that an internal reviewer, auditor, or senior executive can understand why a number changed and whether the change was operational, methodological, or clerical. These are not exotic product choices. They are the practical extension of what the protocols already ask for in audit trails and documentation, and what is asked for in verifiability and connected information.

There is also a strategic opening here for firms that understand complex industrial reporting. Oil and gas is a good example. Many of the most material climate numbers in this sector are assembled across assets, partners, market instruments, engineering assumptions, and operational systems. That makes the integrity challenge harder, but it also means the value of strong lineage is more visible. In sectors where climate reporting is closely tied to capital allocation, operational performance, and external scrutiny, the software that best preserves evidence will start to look more useful than the software that merely looks modern. That is where differentiation becomes real.

Final thought

The climate tech market is maturing out of its measurement phase. The next contest will be about defensibility.

In the years ahead, the most valuable platforms will not be the ones that produce the smoothest ESG narrative. They will be the ones that can help an enterprise answer a much tougher question with confidence: where did this number come from, what changed it, and can we prove it. Once that becomes the standard buying conversation, data lineage and auditability stop being technical extras. They become the product.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

Join us on WhatsAppInstagramFacebookX, and LinkedIn to stay connected.

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Ecosystem Roundup: GoTo turns profitable, but the story has changed

GoTo’s first quarterly profit is less a triumphant endpoint than a revealing pivot point for Southeast Asia’s tech narrative. After years of subsidy-fuelled expansion, the company has finally demonstrated that scale can translate into earnings, but only after becoming a markedly different business.

The headline numbers — positive net income, rising EBITDA, and strong cash flow — signal a long-awaited shift in discipline. Yet beneath them lies a more nuanced reality: profitability is being driven disproportionately by fintech, not by the ride-hailing and delivery engine that built GoTo’s brand. Payments and lending, with their superior monetisation dynamics, are now doing the heavy lifting, while on-demand services mature and grow more slowly.

This evolution raises a strategic question. Is GoTo still a super app, or increasingly a fintech platform with logistics attached? The answer matters because fintech brings both higher margins and higher risks, especially around credit quality, where disclosures remain thin.

Equally notable is what enabled this milestone: fewer incentives, tighter pricing, and a leaner corporate structure. Profit has arrived not through expansion, but through restraint.

For investors, the signal is clear. The era of growth at any cost is over. The next test is whether this new, narrower GoTo can sustain profitability without sacrificing relevance in an intensely competitive market.

REGIONAL

GoTo’s first quarterly net profit driven by fintech arm: Indonesia’s biggest digital ecosystem posted a first-quarter net profit of US$10.2M, reversing a US$21.8M loss a year earlier, with fintech revenue surging 58% to US$113.6M, now carrying the bulk of the investment case as on-demand growth slows.

eFishery founder handed nine-year jail sentence: Gibran Huzaifah was convicted of corporate deception, embezzlement, and money laundering after eFishery’s alleged revenue manipulation erased US$300M in investor value, rattling confidence in private-market due diligence across Southeast Asia.

TrueMoney Philippines winds down after a decade: The digital payments and remittance firm is ceasing all commercial operations in the country, having served over 5M customers and 20,000 SMEs across payments, lending, and insurance since its launch.

Indonesia mandates suspension reporting for under-16 accounts: Platforms must now publicly disclose how many accounts belonging to under-16 users they suspend, with rules affecting 70M children, though digital rights groups warn age checks expose sensitive data and are easily bypassed.

TikTok Go by Tokopedia targets Indonesia’s F&B market: Launched on April 29, the local services feature bridges content and offline visits via videos, live streams, and location-based discovery, as daily dine-in merchant orders reportedly rose more than 20 times in 2025.

Roblox moves to comply with Indonesia’s under-16 curbs: The US gaming platform has begun rolling out compliance measures following Jakarta’s tighter online rules for minors, though specific steps were not disclosed by the country’s communications minister.

Malaysia’s Qarbotech wins Grand Prix at SusHi Tech 2026: The agritech startup beat 820 applicants from 60 countries to claim JPY10M (US$62,000) for its nanocarbon photosynthesis-boosting agent, signalling growing global resonance for tropical-climate agritech solutions.

Cata raises US$5.3M to democratise F&B app tech: The Singapore-based consumer app platform closed an oversubscribed seed round led by Portage, enabling independent F&B and retail operators to launch branded apps with loyalty, payments, and CRM within days, with Germany as its first international market.

Cube raises US$3.7M to solve e-commerce data chaos: The Bangkok-based market intelligence startup secured Series A funding led by Betatron Venture Group to expand AI-enabled product tagging into North Asia and Latin America, targeting brands flying blind on fragmented digital shelf data.

FORMAS.AI closes US$3.98M pre-seed for AEC design platform: Led by Vertex Ventures Southeast Asia & India, the oversubscribed round will fund a platform orchestrating 60-plus AI models for architects, with users across 135 countries already generating over 500,000 designs organically since November 2025.

SiamDL raises US$7.8M to expand AI lending in Thailand: The Bangkok-based lender secured an oversubscribed Series A from international investors to scale its proprietary AI credit-scoring system, targeting underserved consumers and micro-entrepreneurs with thin financial records through its Bank of Thailand-licensed apps.

Philippines talent gap threatens strategic sector growth: A Monroe Consulting report warns that transformation is outpacing talent readiness across energy, finance, and tech, with above-market salary increases of 7–10% projected for automation, cybersecurity, and AI engineering roles.

Pandai’s low-cost growth playbook earns LSE 100x Impact spot: The Malaysian edutech startup scaled to over one million users with near-zero paid marketing and a 94% monthly retention rate, landing in the LSE initiative that identifies organisations with potential to improve one billion lives.


INTERVIEWS & FEATURES

Netbank CEO: We want to be the full meal, not just ingredients: CEO Gus Poston explains how owning the banking ledger rather than wrapping legacy infrastructure lets Netbank serve fintechs at startup speed, with FY2025 revenue up 88% driven primarily by QR.Ph payment volume growth.

SEON CEO: AI exposes weak risk operations, not fix them: Tamas Kadar warns that automating before defining decision ownership is the industry’s biggest mistake, with fragmented fraud and AML systems creating faster confusion rather than clarity across Southeast Asian markets.


INTERNATIONAL

Anthropic eyes US$900B valuation in new funding round: The Claude maker is in talks with investors for a raise that would top OpenAI’s valuation, as its annualised revenue reportedly hit US$30B driven largely by demand for Claude Code, though no term sheet has been signed.

Parallel Web Systems hits US$2B valuation after back-to-back raises: Founded by former Twitter CEO Parag Agrawal, the AI search and research API startup raised a US$100M Series B led by Sequoia just five months after its Series A, bringing total funding to US$230M with over 100,000 developers on the platform.

SoftBank plans US listing of AI robotics unit Roze at US$100B: Japan’s investment giant is preparing to spin off an AI and robotics company focused on data centre construction, potentially targeting a public debut as early as 2026 at a US$100B valuation.

Ant International bets on AI commerce infrastructure at scale: The Alibaba affiliate’s payments network now links 150M merchants with 2B consumer accounts across 220 markets, handling 20M daily transactions, while Alipay’s new tool enables merchants to accept payments made by AI agents.

US tech giants set to outspend China 7:1 on AI infrastructure: American hyperscalers led by Google, Microsoft, Meta, and Amazon are projected to spend over US$700B on AI infrastructure this year, versus an estimated US$105B by Chinese cloud providers constrained by chip export curbs.

Crypto equities plunge as big tech earnings impress markets: Macro pressures from surging oil prices and a hawkish Fed hammered crypto-linked equities (Robinhood fell 14%, Coinbase 6-8%) even as Bitcoin held near US$76,000, exposing how differently macro cycles transmit through digital asset layers.


CYBERSECURITY

After the breach: How companies respond now defines trust: A Penta report draws on 18 months of stakeholder sentiment data to argue that rapid transparency and visible leadership — not technical containment alone — now determine reputational recovery, with retail carrying the sharpest negative sentiment at minus 77.

SEA’s cyber market races toward US$10B fortress by 2030: With cyberattacks up 85% year-on-year in 2024 and the regional market valued at US$2.8B growing at 28.5% CAGR, Singapore-based Darktrace, Senzing, and CyberArk command 45% market share as detection times collapse from 21 days to 47 minutes.

SEA’s AI-fuelled cyber war: Six defining trends for 2026: As Southeast Asia’s digital economy surpasses US$1T, deepfake phishing attacks spike 150%, quantum-resistant cryptography becomes a regulatory mandate, and ransomware groups hit 40% more Indonesian SMEs, forcing startups and governments into agile defence.

US$1.5B crypto hack exposes exchange security gaps: The largest digital theft ever sent Bitcoin below US$80,000 and swung sentiment from extreme greed to fear overnight, calling for multi-layered technical infrastructure, human-centric protocols, and transparent asset management as the new security standard.

APJ finance faces 3.7B attacks as ransomware victims surge 204%: Akamai’s State of the Internet report found 92.3% of APJ finance sector attacks targeted banks, while zero-day and one-day vulnerabilities drove a 204% jump in ransomware victims, making zero-trust architectures and microsegmentation critical defences.

Diverse IT teams are a cybersecurity weapon, not just good HR: With women comprising only 34-40% of Southeast Asia’s tech workforce, organisations with homogenous teams miss region-specific attack patterns; diverse cultural and technical backgrounds improve threat detection, social engineering recognition, and compliance across borders.

Connected cars are becoming prime targets for cybercriminals: From the 2015 Jeep Cherokee remote hack to Tesla’s 2020 keyless entry vulnerability, smart vehicles face growing risks as decentralised security models like DePIN and Soarchain’s blockchain infrastructure emerge as more resilient alternatives to centralised systems.


SEMICONDUCTOR

Samsung Q1 profit surges 8x to US$38.9B on AI chip demand: Record-breaking memory chip revenue driven by AI server demand and tight supply pushed first-quarter operating profit to 57.2 trillion won,  surpassing Samsung’s entire full-year 2025 earnings, with strong second-half server memory demand expected as hyperscalers expand AI capacity.

TSMC exits Arm Holdings with US$231M share sale: Taiwan’s chip giant has fully divested its Arm stake acquired at IPO for US$51 per share, selling remaining shares at US$207.65 each through TSMC Partners, adding US$174M to retained earnings and completing a profitable exit from the British chip designer.


AI

Google DeepMind CEO expects AGI arrival by 2030: Demis Hassabis says the 20-year mission to build AGI is precisely on track, urging business leaders to treat the timeline as operational reality, and crediting DeepMind’s early success to pairing deep learning with reinforcement learning ahead of rising GPU power.

SEA’s AI agent opportunity lives in messy workflows: With the region’s digital economy at US$263B GMV, the clearest wins for AI agents are in fraud detection, BPO workflows, and healthcare admin — where operational drag, not a lack of intelligence, is the real bottleneck startups should target first.

How AI agents are quietly rewriting the growth marketing playbook: An always-on AI agent that flagged 18% of monthly ad spend burning with near-zero conversions illustrates how agents amplify human intelligence in marketing — but strategy, cross-functional trade-offs, and accountability still require named human owners, not autonomous loops.

AI agents and the end of the all-in-one employee fantasy: SMEs that have long searched for one person to do everything are finding that AI agents can carry much of the operational load, but the real risk is hollowing out junior talent pipelines before future managers have a chance to build judgment through real work.

Why startup founders shouldn’t trust AI to replace a PR team: A founder’s six-month experiment replacing his PR agency with AI tools produced flawless-looking outreach lists full of outdated contacts and generic thought leadership pieces, revealing that AI accelerates volume but cannot replicate the relational judgment of an experienced communicator.


THOUGHT LEADERSHIP

ESG tech’s next frontier is defensibility, not measurement: As sustainability disclosures are increasingly held to financial reporting standards, platforms that cannot explain data lineage, who touched a number, when, and why, will fail enterprise assurance tests, splitting the market between workflow tools and auditability-first infrastructure.

APAC founders must treat communication as a leadership skill: In a region where social media backlash goes regional within hours and regulations shift without warning, crisis-ready startups need pre-approved messaging templates, a single source of truth, and media relationships built before they are needed, not after a crisis hits.

The digital transformation lie SMEs have been sold: Most SMEs are drowning in disconnected tools rather than transformed by them, and the hidden tax of bad software — duplicate work, slow invoicing, blind spots — costs real margin daily; the winning platforms will be those that reduce friction before they sell a solution.

Accessibility in business is an ROI driver, not just compliance: With 1 in 4 US adults living with a disability and digital accessibility lawsuits rising annually, businesses that embed inclusive design into websites, documents, and physical spaces improve SEO, reduce legal risk, and expand market reach for all users.

Why exhibition leads fail and how to build a pipeline that converts: Most organisations invest heavily in booth presence but neglect the structured post-event follow-up process where momentum is actually won or lost: clear ownership, contextual data capture, and defined timelines matter more than visitor counts.

When collaboration systems break down in tech-driven workplaces: With 69% of APAC organisations on hybrid models and 6 in 10 employees reporting burnout, leaders must treat collaboration as intentional infrastructure, not a set of perks, using interactive digital tools to restore equity, alignment, and engagement across distributed teams.

Why eSIM is becoming as important as your passport: As global business travel spending grows toward US$1.57T in 2025, eSIM adoption is accelerating because connectivity must now be ready at the moment of arrival, not sorted out after landing, with travel eSIM users forecast to grow from 40M in 2024 to 215M by 2028.

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The rise of agentic work: Can AI replicate a team, not just a person?

The first wave of large language models won attention by replicating personal work. They wrote emails, summarised documents, generated images and videos, drafted presentations, and produced usable code. That alone was enough to reshape how many people think about productivity.

But the more consequential shift is now underway. AI is beginning to move beyond individual outputs and into business processes — the kind of work that has required a team, a set of procedures, and institutional knowledge that no single person holds alone. That is a fundamentally different challenge.

A personal workflow usually lives inside one person’s head and one person’s screen. A business process lives across a team. It depends on handoffs, approvals, coordination across systems, data from multiple sources, and rules for dealing with exceptions. What looks like a single task is often a web of hidden coordination.

As a venture capital investor, I have recently met founders working on exactly this problem — building agents for e-commerce operations, family office mid- and back-office work, and insurance distribution workflows. The first is trying to replicate much of the e-commerce COO function, from product selection and creative design to merchandising, operations, and logistics coordination. The second focuses on family office workflows such as capital call management, treasury handling of idle cash, reporting, analytics, and forecasting. The third is tackling insurance distribution, from lead qualification and product comparison to documentation, onboarding, and follow-up.

None of these is tools for isolated tasks. They are attempts to codify work that has always depended on coordinated teams — and that, until recently, was considered too messy and too human to automate.

Also Read: When collaboration systems break down in tech-driven workplaces and how to fix them

In the first phase of generative AI, the benchmark was usually the quality of the output. Did the model produce a convincing sales pitch, a striking design, a useful analysis, or working code? Once AI enters a business process, the measure of success changes. The real question becomes whether the system can move work forward reliably, repeatedly, and within the right constraints.

That is where the challenge becomes more organisational than technical. It is one thing to know your processes well enough to run them. It is another thing to describe those processes with enough clarity, consistency, and structure for software to execute them repeatedly. The gap is not necessarily in understanding. It is codification.

A process may exist in many places at once: in a standard operating procedure (SOP); in a manager’s judgment; in a spreadsheet passed around by email; in a series of unwritten escalation habits; or in the head of an experienced employee. Humans can work across that ambiguity because they improvise, ask around, and handle exceptions informally. AI systems are far less forgiving. They need the process to be legible.

This helps explain why so much enterprise software has historically disappointed employees. Many internal knowledge bases are hard to search, dry to read, and detached from the immediate task. Workflow systems often digitise the container of work rather than the work itself.

A good example is the office automation (OA) system common in many Chinese enterprises and state-owned enterprises. In principle, these systems were designed to digitise approvals, document flows, announcements, and internal coordination. In practice, they often became digital wrappers around slow, manual, and bureaucratic routines. The interface changed, but the burden did not. Employees still had to chase approvals, assemble context, and push work forward by hand. The process looked digital on the surface while remaining stubbornly manual underneath.

Also Read: When AI agents start deciding, what happens to human judgment?

One recent McKinsey report on the future of AI in insurance offers a useful glimpse of what automation actually looks like inside a complex workflow. Rather than describing agentic AI as a single smart chatbot, McKinsey breaks the process into a set of specialised roles: one agent gathers and clarifies information, another profiles risk, another structures pricing and product options, another checks compliance and fairness, another decides whether a case can be approved or escalated, and another learns from feedback over time.

A North American insurer even used agentic processes to uncover “implicit judgments” that experienced underwriters had relied on for years and codify them into new rules and protocols. McKinsey notes that this kind of embedded expertise — once invisible, now formalised — could become a central part of a firm’s intellectual property. In other words, the act of making a process legible enough for AI may itself create something valuable that the organisation never knew it owned.

That is the crux of agentic work. Replicating a business process is not simply a harder version of writing assistance. It requires structure: a defined task, authoritative data, decision rules, guardrails, confidence thresholds, and clear points for human intervention when reality diverges from the ideal flow. These are not merely model problems. They are organisational problems.

AI agents raise the possibility of turning organisational knowledge from reference material into executable behaviour. The real test is not whether a firm has documented its processes, but whether it has described them with enough programmatic rigour that software can carry them out repeatedly. The companies that get this right may find that codifying their workflows is not just an IT project. It is a way of discovering — and preserving — how the business actually works.

That, to me, is the real significance of AI agents. The age of agentic work may not be defined by whether machines can sound human. It may be defined by whether organisations can become legible enough for machines to work inside them.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

Join us on WhatsApp, Instagram, Facebook, X, and LinkedIn to stay connected.

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AI agents didn’t change how I write, they changed when I could start publishing

For years, content marketing was something many founders knew they should be doing but rarely prioritised early in their company journey. Not because writing was difficult. But because publishing consistently required a workflow: topic selection, search validation, editing, formatting, distribution planning and platform adaptation.

All of this added up to something that looked less like a single task and more like a small team function, often requiring at least a marketing manager and supporting execution capacity.

AI agents are changing that timeline.

They are not simply helping entrepreneurs write faster. They are making it possible to start publishing earlier, before dedicated marketing teams exist.

That shift is already changing how startups build visibility.

Content marketing used to depend on coordination

A single article rarely exists in isolation.

Even a straightforward piece often involves:

  • validating whether the topic matters
  • structuring the argument clearly
  • aligning tone with audience expectations
  • preparing metadata
  • formatting inside a CMS
  • adapting captions across platforms
  • deciding when and where to distribute it

None of these steps individually are complex.

Also Read: Malaysia’s Qarbotech takes top honour at SusHi Tech 2026 global pitch contest

Together, they create friction, especially for founders without a digital marketing background. Even my tech-savvy husband asked what a focus keyword or meta description was when he started planning content for his own website. That moment reminded me how invisible the mechanics of content marketing are until someone has to run them personally.

AI agents reduce that friction across the workflow, not just by drafting articles. As such, consistent publishing is now possible earlier in a company’s lifecycle than before.

Agents change execution capacity, not strategy responsibility

Many teams still treat AI as a writing shortcut. But agents are more useful as workflow collaborators.

Instead of asking whether AI can write a post, founders can now test whether a post is worth writing at all.

Agents can help:

  • compare positioning angles
  • explore topic clusters instead of isolated ideas
  • adapt content across multiple platforms
  • maintain tone consistency
  • shorten experimentation cycles

This shifts content marketing from production-heavy work toward decision-heavy work.

Also Read: When collaboration systems break down in tech-driven workplaces and how to fix them

Earlier publishing changes startup visibility dynamics

In Southeast Asia especially, many startups operate without dedicated marketing teams in their early stages.

At the same time, online visibility shapes:

  • investor discovery
  • hiring credibility
  • partnership opportunities
  • category positioning

Previously, consistent publishing usually followed scale. Now, it can happen earlier.

That creates a different starting point for how entrepreneurs shape their narrative. Instead of waiting until a marketing function exists, companies can begin building presence while they are still defining their category.

Why this matters for how founders build early teams

There is another shift happening quietly alongside this. Many early-stage founders still prioritise hiring sales before marketing.

The logic is understandable. Revenue feels urgent. Pipeline feels measurable. Sales conversations feel closer to outcomes.

But without positioning, messaging and content, sales teams often end up building their own materials as they go. That slows conversations instead of accelerating them.

Also Read: When AI agents start deciding, what happens to human judgment?

I saw this directly in a previous startup I worked in, where the sales team visibly relaxed once someone finally owned messaging and content. They immediately shared with me a long list of materials they needed in order to sell the company’s products and services with credibility.

Traditionally, the alternative was hiring a marketing manager earlier than founders felt comfortable doing. AI agents are changing that trade-off.

Founders can now support early sales activity with structured messaging, lightweight editorial presence and consistent narrative positioning even before a full marketing function exists. This creates a more balanced setup: sales teams still focus on conversations, while founders establish the materials and context those conversations depend on.

At the same time, it raises expectations for founders and early operators, including sales teams. When agents can support parts of the marketing workflow, people can no longer rely entirely on role boundaries. Early teams increasingly need to work across positioning, messaging and execution layers rather than waiting for a dedicated function to exist.

And despite the technical framing around AI, prompt engineering still behaves more like an editorial craft than a precise science.

Agents can accelerate output. They cannot decide what your company should stand for.

That part remains human.

AI agents make editorial testing cheaper

One of the less obvious effects of this shift is how it changes experimentation.

Founders can now explore multiple editorial directions before committing time to full production.

Also Read: Crypto plunges, big tech earnings are strong. So why are markets nervous?

For example, when evaluating whether an announcement or industry development deserves coverage, it is possible to quickly test whether it works better as:

  • a search-driven article
  • a founder-perspective reflection
  • a newsletter insight
  • a platform-specific short-form post

Previously, testing those options required drafting each version separately or consulting a PR agency.

Now the decision can happen earlier in the process. That reduces the cost of experimentation, and lower experimentation cost usually leads to better positioning decisions.

Agents expose weak content strategy faster

There is understandable concern that AI-assisted publishing will increase generic content online. That risk exists. But weak positioning did not begin with AI.

Agents simply make it easier to replicate surface-level strategies across the market. If content depends entirely on summarising trends or repeating competitor narratives, the advantage disappears quickly once everyone has access to similar workflows.

What remains difficult to replicate is interpretation.

Editorial judgement still determines:

  • whether a topic matters
  • how it should be framed
  • who it is for
  • why it deserves attention now

Agents assist execution. They do not replace positioning.

Also Read: When collaboration systems break down in tech-driven workplaces and how to fix them

Founder perspective becomes more valuable, not less

Another common concern is that AI-assisted workflows reduce authenticity. In practice, the opposite may be happening.

As production becomes easier, differentiation shifts toward perspective. Readers increasingly respond to lived experience, practical lessons, framing decisions and clearly explained trade-offs.

Agents are strong at structure. They are weaker at conviction.

That makes founder-led thinking more visible inside content strategies rather than less relevant.

The real risk is outsourcing judgement

There is a genuine risk in agent-supported workflows. It is not automation replacing marketers.

It is founders allowing agents to decide what should be published.

Agents should reduce execution effort. They should not replace editorial ownership.

If positioning starts sounding interchangeable across companies using the same tools, the issue is usually strategy rather than technology.

The founders who benefit most from agents are the ones who remain intentional about what their content represents.

Content marketing is becoming earlier and more strategic

AI agents are already changing:

  • who can publish consistently
  • when founders can begin shaping visibility
  • how quickly ideas can be tested
  • what a marketing team needs to look like

But they are also raising expectations.

If everyone can publish faster, the advantage shifts toward people who know what is worth saying in the first place.

And in the interest of transparency, and perhaps slightly proving the point… yes, this article was written with the help of an AI agent too.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

Join us on WhatsApp, Instagram, Facebook, X, and LinkedIn to stay connected.

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Stocks hit record highs while US$300M in crypto longs get liquidated: What’s next?

While major US stock indexes closed at all-time highs, capping off their best monthly performance since 2020, the digital asset space is currently digesting a sharp, painful correction in leverage. This split personality in the market suggests that while institutional capital remains confident in the earnings power of megacap technology firms, speculative traders in the crypto derivatives market are being forced to reset their risk exposure.

The narrative of the day is not one of universal fear, but rather a selective rotation in which fundamental earnings in stocks are overpowering macroeconomic headwinds, while crowded speculative positions in crypto are being flushed out by technical resistance levels.

The cryptocurrency market experienced a significant deleveraging event over the last 24 hours, characterised by a violent flush of long positions. Data indicates that approximately US$326.71 million in leveraged positions were liquidated, with the overwhelming majority of this pain concentrated on the buy side. Specifically, US$285.87 million of these liquidations came from long positions, compared with just US$40.84 million from short positions. This means that roughly 87.5 per cent of the liquidated value resulted from traders betting on price increases who were forced out of their positions as prices dipped.

The brunt of this activity hit the two largest assets by market capitalisation. Ethereum saw roughly US$308.85 million in liquidations, while Bitcoin saw about US$204.96 million across major venues such as Binance, Hyperliquid, OKX, and Bybit. Some broader estimates place the total liquidation figure closer to US$500 million over a similar window, underscoring the intensity of the sell-off.

This liquidation cascade was not driven by a fundamental collapse in the value of these assets but rather by a technical failure at key resistance levels. Bitcoin has repeatedly failed to sustain a break above the US$77,000-US$80,000 range. This area has become a formidable ceiling where profit-taking by short-term holders meets dense clusters of leveraged long risk around the US$74,000 to US$75,000 levels.

When the price rejected this resistance, market mechanics triggered a cascade of margin calls, forcing traders to sell and driving prices further into the liquidation maps. Ethereum appeared even more technically fragile, trading below key moving averages and failing to hold resistance before rolling over. The result was a classic long squeeze, in which the market punished overly optimistic leverage rather than reflecting a change in the underlying spot demand for the assets.

Also Read: Building trust in turbulent times: The new security paradigm for crypto exchanges

In stark contrast to the volatility in digital assets, the traditional stock market rallied to record highs, driven by robust earnings reports that seem to justify lofty valuations. The S&P 500 and Nasdaq Composite posted their best monthly gains in six years, fueled by the continued dominance of megacap technology firms. Alphabet led the charge with a 10 per cent surge after reporting a strong Q1 revenue beat and announcing an aggressive capital expenditure guidance of up to US$190 billion for 2026.

Amazon also contributed significantly to the rally, reporting a 17 per cent revenue increase to US$181.5 billion and seeing its cloud computing division, AWS, accelerate growth to 28 per cent. Apple shares also rose in extended trading following a positive revenue forecast. These results suggest that despite high interest rates, the biggest tech companies are generating enough cash flow to support massive investment cycles.

The enthusiasm for artificial intelligence is not without its sceptics, even within the stock market. The same theme of AI capital expenditure that boosted Alphabet caused sell-offs in other tech giants. Meta Platforms and Microsoft fell 8.6 per cent and 3.9 per cent, respectively, as investors reacted negatively to disappointing user growth and the high memory costs associated with their massive AI spending. NVIDIA also dipped four per cent due to broader scrutiny regarding AI capital expenditures rather than any company-specific bad news.

This indicates a growing bifurcation in the tech sector where investors are beginning to demand proof of return on investment for the billions being poured into AI infrastructure. The market is no longer rewarding spending for the sake of spending. It is rewarding spending that translates into revenue growth, as seen with Amazon and Alphabet.

The macroeconomic backdrop for these divergent market moves remains complex and somewhat contradictory. The Federal Reserve kept interest rates on hold for a third straight meeting as inflation remained above the three per cent mark, a level that is still uncomfortably high relative to the central bank’s targets. Despite this, the US economy grew at a 2.0 per cent rate in Q1 2026, showing resilience that supports the stock market rally.

Geopolitical tensions are adding a layer of volatility that cannot be ignored. Brent crude oil settled near US$110 per barrel after surging past US$114 amid concerns over potential US strikes on Iran and the United Arab Emirates’ announced exit from OPEC. Additionally, currency markets saw wild swings, with the Japanese yen reaching 157.14 per dollar following a suspected intervention by the Ministry of Finance. These factors create an environment where capital is expensive and global stability is fragile, which helps explain why leverage in the crypto market is so vulnerable to sudden shocks.

Also Read: Bybit invests US$8M in Hata to crack Malaysia’s regulated crypto market

Looking ahead, the derivatives market metrics will be the primary indicator of where volatility might spike next. Despite the recent wipeout of long positions, total derivatives open interest remains elevated at approximately US$493.1 billion, having risen roughly two to four per cent over the last day. Perpetuals open interest alone sits near US$489.52 billion.

Crucially, average funding rates have flipped modestly negative, signalling that traders are leaning more defensively after the flush. The key dynamic to watch is whether this open interest continues to fall, indicating deeper, healthier deleveraging, or if it quickly rebuilds near resistance levels. If leverage bleeds down while prices remain stable, it sets the stage for a sustainable move higher. If high leverage and positive funding rates return too quickly, the market risks another sharp squeeze in either direction.

The current market environment suggests a period of digestion and selection. The stock market is proving that earnings power can currently override macroeconomic fears, pushing indexes to new highs even as oil prices surge and the Fed holds rates steady. The crypto market, conversely, is undergoing a necessary technical reset.

The next phase of this cycle will depend on whether the AI spending boom continues to deliver the revenue growth seen by Amazon and Alphabet, or if the costs highlighted by Meta and Microsoft begin to weigh down the broader market. Until then, the divergence between record-high stocks and flushing crypto leverage defines the risk landscape of May 2026.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

Join us on WhatsAppInstagramFacebookX, and LinkedIn to stay connected.

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When collaboration systems break down in tech-driven workplaces and how to fix them

Across industries and geographies, technology has become embedded in nearly every professional’s workflow. A typical workday now starts and ends with notifications, as messages, meetings, dashboards, and updates compete for attention across multiple platforms. Yet as digital touchpoints multiply, many organisations are discovering that constant connectivity does not automatically translate into better collaboration, stronger alignment, or equitable participation.

According to recent research in APAC, while 69 per cent of organisations have adopted hybrid work models, six in ten employees are reporting moderate to high levels of burnout. Virtual and hybrid meetings, in particular, have emerged as the primary environment where employees report mentally disengaging while working.

However, the challenge is not simply about productivity. Increasingly, organisations are recognising that how digital collaboration systems are designed can shape who is heard, who participates, and who progresses in the workplace. The core challenge leaders face today is not access to tools, but understanding how to leverage them to foster genuine collaboration and engagement at scale.

A tech-integrated hybrid work environment offers endless opportunities for innovation, yet many teams only use digital tools to replicate their traditional, hierarchical ways of working. To effectively harness the power of both technology and human creativity, organisations must design their digital ecosystems intentionally to nurture a culture of collaboration that balances efficiency with meaningful human connection and inclusive participation.

When digital tools create friction instead of connection

In most organisations, employees juggle multiple platforms for communication, task tracking, and knowledge sharing, often with overlapping purposes and unclear ownership. Research shows that desk workers now use an average of 11 applications, up from 6 back in 2019. This complexity can lead to confusion and inefficiency, especially when collaboration norms are undefined, such as expectations around response times, meeting purpose and decision ownership.

But beyond inefficiency, poorly designed collaboration systems can also reinforce structural inequities in the workplace. Employees who are newer to organisations, working remotely, or located outside headquarters often have fewer informal opportunities to build visibility or influence decisions.

Also Read: How to launch collaborations that grow communities: A guide for Web3 founders

Without shared norms for collaboration, employees may experience constant interruptions and meeting overload, fragmented attention and reduced capacity for deep work, and a growing sense of isolation despite frequent digital interaction. Over time, unsolved collaboration friction can erode engagement and increase attrition, even in organisations that are otherwise digitally mature.

Why workplace culture must be treated as infrastructure

Collaboration does not fail because employees are unwilling to work together, but because leaders rarely design an intentional, consistent strategy for collaboration. In many technology-driven organisations, culture is still treated as a set of perks or values statements, rather than a form of organisational infrastructure that shapes how decisions, opportunities, and recognition flow.

An intentional collaboration culture means leaders actively shape how people work together by setting clear expectations and modelling consistent ways of working, instead of just providing tools. In practice, this type of culture gives employees clarity about: how decisions are made and communicated; where knowledge lives and how it is accessed and shared; and when collaboration adds value versus when focused, independent work should be protected.

When these systems are intentionally designed, collaboration becomes more inclusive and transparent. Employees have clearer pathways to contribute ideas, access information, and participate in decisions regardless of seniority, location, or background. This can spark motivation, as employees see the impact of their contributions towards shared goals, and can likewise strengthen retention, as research shows that employees with a higher sense of purpose at work are less likely to disengage or leave.

Rebuilding engagement and alignment with interactive digital tools

Unlike passive communication channels, which can distract employees from meaningful work, digital tools that use interactive formats prompt employees to engage and co-create. When embedded within a clear collaboration culture, these technologies can help restore energy, alignment, and participation across teams.

For example, tools that incorporate live polls, quizzes, and real-time feedback allow teams to align quickly on priorities and decisions while surfacing diverse perspectives across locations. Additionally, game-based elements can also reinforce learning through active recall of knowledge and skill practice among teams.

Also Read: Weathering the tariff turbulence: How AI and collaboration can lift SEA SMEs

Gamified interactions also create low-pressure opportunities for connection, making collaboration feel more human and inclusive. In hybrid environments, this approach helps level the playing field by ensuring voices are heard regardless of location, role, or visibility. 

Collaboration by design for a more equitable digital workplace

In an always-on, digitally mediated workplace, how people collaborate now shapes not only productivity, but also who has access to opportunity and influence within organisations. This is why collaboration by design is increasingly essential to building an engaged and equitable workforce. Leaders who intentionally design collaboration through clear norms, inclusive behaviours, and engaging digital experiences create environments where teams can perform sustainably without burning out.

The next evolution of collaboration is not about adding more platforms or flashy features, but about using technology thoughtfully to help people connect, contribute, and grow together with purpose. When workplace culture is treated as infrastructure, organisations are better positioned to build digital economies where participation and opportunity are more evenly distributed.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

Join us on WhatsAppInstagramFacebookX, and LinkedIn to stay connected.

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eFishery founder gets 9-year jail term, closing the book on one of SEA’s worst startup collapses

Indonesia has handed eFishery founder Gibran Huzaifah a nine-year prison sentence, bringing a brutal legal end to a fraud scandal that vaporised roughly US$300 million in investor value and shattered one of Southeast Asia’s most celebrated startup narratives.

The ruling, delivered by the Bandung District Court on April 29 and first reported by Bloomberg, marks a rare moment in the region’s tech industry: a once lionised founder of a unicorn-scale startup being convicted in a criminal case tied to corporate deception, embezzlement and money laundering. For Indonesia’s startup ecosystem, it is not just a courtroom verdict. It is a public reckoning.

Also Read: “There’s no excuse”: Aqua-Spark calls out eFishery’s deception

Huzaifah, the former CEO of eFishery, was also ordered to pay a fine of roughly US$60,000. Prosecutors had earlier sought a 10-year prison term. He now has seven days to appeal.

That still leaves the same uncomfortable conclusion for VC firms, founders and boards across Southeast Asia: one of the region’s flagship agritech companies did not simply fail. It unravelled into a governance disaster on a scale large enough to rattle global investors, damage confidence in private-market due diligence and expose how easily startup mythology can outrun financial reality.

From agritech darling to courtroom collapse

For years, eFishery was held up as proof that Southeast Asia could produce category-defining startups outside the usual ride-hailing, fintech and e-commerce script. The company, which supplied smart feeders and related services to fish and shrimp farmers in Indonesia, was once valued at more than US$1 billion. It had the right ingredients for a VC success story: a large domestic market, a sector with real-world impact, and a founder selling not just software but national relevance.

That story has now ended in disgrace.

According to Bloomberg, a panel of judges found Huzaifah guilty after a case centred on allegations that eFishery’s financial statements had been manipulated over several years. The company’s collapse followed a board investigation that raised concerns about inflated revenue and profits. What followed was a slow-motion demolition of one of Indonesia’s most prominent tech brands.

The investor list makes the fallout especially painful. Backers caught in the wreckage include Temasek, SoftBank Group, Peak XV, and 42XFund. Temasek had co-led a US$90 million investment round in 2022 and also participated in a US$200 million round in 2023. After those rounds, reports indicated that Temasek held about 5 per cent of eFishery.

The destruction was not limited to cap tables. The scandal also hit the credibility of a wider ecosystem that has spent the past decade selling growth, disruption and inclusion to global capital.

The numbers that should have set off alarms earlier

The prosecution’s case, as outlined in earlier proceedings and reported by e27 on April 20, traced the alleged manipulation back to 2017, when eFishery’s cash balance reportedly fell to just US$8,142.

From there, prosecutors alleged that revenue manipulation continued from 2018 to 2024 as the company fought to sustain operations and maintain fundraising momentum. That timeline is the real nightmare here. This was not an isolated accounting slip or a bad quarter dressed up to buy time. The allegation was of a long-running distortion that coexisted with aggressive capital raising and a unicorn valuation.

State prosecutors had said Huzaifah and two other executives caused losses of more than US$4.1 million to the startup itself, while the broader investor damage reached around US$300 million. Two former executives, Angga Hadrian Raditya and Andri Yadi, also faced prison demands during the earlier phase of the case.

Also Read: How eFishery lost control of its narrative

That discrepancy between internal losses and investor wipeout matters. It shows how startup fraud does not need to drain every dollar directly to cause a catastrophe. Inflate performance metrics long enough, raise against the fiction, and the eventual collapse does the rest.

A founder’s defence, and a judge’s answer

During an earlier plea, Huzaifah argued the matter should not be treated as a criminal case. In remarks cited by Bloomberg, he said: “If, in leading a company scaling and evolving so rapidly, I am accused of making administrative errors, I am ready to be held accountable civilly.”

That defence now looks as revealing as it is unsuccessful. It reflects a mindset that has long existed, quietly, in parts of the startup world: that aggressive accounting is a by-product of speed, that investor expectations justify distortion, and that the boundary between operational chaos and fraud is somehow negotiable.

It is not.

In Huzaifah’s own earlier comments, the cultural rot was even more stark. “I knew it was wrong. But when everyone else is doing it and they’re still fine and never get caught, you start to question whether it’s really wrong.”

That sentence may end up being the most important line in the entire saga. It speaks to a broader ecosystem problem, not just an individual fall. Startup fraud rarely begins with a cinematic act of villainy. More often, it begins with pressure, storytelling, weak controls, investor enthusiasm, and a widening internal belief that numbers can be “adjusted” until the business catches up. Sometimes it never does.

The damage to Southeast Asia’s venture machine

The eFishery case lands at an awkward moment for the region’s startup market. Capital is already tighter than it was during the zero-interest-rate boom. Investors are demanding clearer paths to profitability. Public market exits remain uneven. Against that backdrop, a scandal of this size hardens every existing doubt.

The immediate effect is reputational. Limited partners and institutional investors will ask harder questions about how a company backed by blue-chip names could allegedly misstate performance for years without being stopped sooner. The secondary effect is practical. Expect tougher diligence, more forensic audits, milestone-based disbursements, stricter board oversight and far less tolerance for founder opacity dressed up as vision.

Indonesia, in particular, may feel the impact sharply. It remains Southeast Asia’s largest digital economy and still offers enormous startup potential. But eFishery has shown that size and promise do not immunise a market against governance failure. If anything, a large opportunity can sometimes make investors more willing to suspend disbelief.

That does not mean capital will flee Indonesia. It does mean the terms of trust are changing.

Not a Wirecard, but close enough to sting

Southeast Asia has seen governance failures before, but few with the symbolic weight of this one. Globally, comparisons to Wirecard and Luckin Coffee are unavoidable, even if the scale differs. In each case, inflated numbers met investor appetite, and narrative delayed scrutiny until reality became impossible to hide.

eFishery now joins that cautionary archive.

The difference is that Southeast Asia’s startup ecosystem is younger and still proving itself to global capital. That makes each scandal heavier. A blow in Silicon Valley can be framed as an outlier in a mature market. A blow in Indonesia risks being unfairly read as proof of systemic weakness, whether or not that conclusion is justified.

That is why this sentence matters beyond one founder’s fate. It tells the market that criminal accountability is possible. It also tells founders that “administrative errors” is no longer a phrase likely to rescue them once manipulated accounts and investor losses pile up.

The end of a fantasy

Visibly shaken, Huzaifah reportedly cried in court and embraced family members after the verdict, Bloomberg said. Humanly, it is a tragic image. Commercially and institutionally, it is also the end of a fantasy that too many in tech still cling to: that growth can excuse anything, and that governance can always be fixed later.

Also Read: eFishery founder held by Indonesian police over alleged embezzlement

It cannot.

eFishery was once sold as a symbol of what Indonesian innovation could become. It is now a warning about what happens when ambition outruns accountability. For Southeast Asia’s startup industry, that warning could prove more valuable than another unicorn headline. Painful, yes. Overdue, absolutely.

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Why startup founders shouldn’t trust an AI agent to replace a PR team

One of our founder friends tried it. He really did.

About six months into the AI wave, he sat down and did the math. Hiring a PR agency was too costly, factoring his startup stage and business operational expenses, so he figured now with Claude, ChatGPT, Perplexity, NotebookLM – tools that could theoretically do what took an entire PR team—he could basically cut costs and do his own PR.

One solid prompt gets you strategy. Another gets media monitoring. A third spits out outreach lists and pitch emails. A fourth generates press releases and article drafts. You scale from a full PR team to one person managing the AI outputs. You cut costs, reduce overhead, move faster.

So he experimented. Six months later, he dropped me a WhatsApp saying it just wasn’t working. That was when we sat down and tried to figure out what went wrong. And that’s when we realised the real gaps in AI.

What changed (The pros)

Speed, for starters. Press releases, pitch emails, and article drafts were generated in minutes. His startup’s social media calendar was practically built out for a full year and scheduled to go. Research that took a researcher two days? Done in under an hour. That part actually worked.

Cost-wise, yes, he saved money on the volume side. That’s not nothing for a bootstrapped startup. And on paper, it looked like a win, especially for other founders wondering if they could ditch the PR agency retainers.

Also Read: The classroom: An untapped testbed for human-centric AI

What didn’t change (and this is where it got real)

But when he reached out saying results weren’t materialising, I pulled up my sleeves to help him figure out why. And that’s when we realised something: AI can hand you the tools, but it can’t hand you the judgment. There’s a fundamental difference.

A good PR professional isn’t just a content machine; they’re a translator of nuance. They understand that some information transfers through coffee chats and off-the-record conversations. They know that certain journalistic relationships are built on years of trust and calibration, not just a well-crafted pitch email. They recognise that what works in a pitch to a tech journalist in Singapore might fall flat with a business editor in Indonesia because of cultural context, language, and heck, which platform or channel you’re using to reach out to that particular editor.

AI doesn’t have access to that. And that became very obvious very quickly.

What made us re-evaluate things

First: The media list that looked perfect but wasn’t

His AI-generated outreach list looked pristine. Categorised perfectly. Emails formatted flawlessly. But when he actually started using it, he started hearing back: “This person doesn’t work here anymore.” “Wrong email.” “Not sure who this is.”

One producer was still listed because the online media registry hadn’t updated. But she had left for a new opportunity years ago, before I had even thought of starting SARAHÁ Advisory. Where was she now? Nobody would know unless they followed her LinkedIn or caught wind of it through industry chatter. That’s human knowledge. That’s the stuff you pick up over coffee with other journalists, or by noticing someone’s career move announced on social media.

Also Read: Pandai’s low-cost growth playbook puts the edutech startup on LSE’s 100x Impact radar

The AI agent pulled her old email and title. Our PR human, who stays plugged into the industry? She wouldn’t have even sent that email. That’s not a marginal difference, that’s the difference between a pitch that lands and one that gets lost in space.

Second: The article that was smart but generic

He had a real story to tell. A hard-won lesson in e-commerce store optimisation in a volatile economy.  A perspective that only he could speak to as a multi-entrepreneur. He gave the AI a brief: create a thought leadership piece that positions him as an industry voice.

But it never made it into the opinion editorial calendars where it mattered. Editors who he pitched it to said the same thing: too high-level, generic. It was lacking value. What could readers learn from this piece that they haven’t read on probably a million other pages? It lacked the hard-won insight, the “I’ve been in the trenches and here’s what I learned” energy that actually gets coverage in opinion sections.

Our founder could tell that story. It’s real to him. But he wasn’t a PR professional who was accustomed to knowing exactly what editors were looking for, the extra meat that made the news, so it became a blind spot that he skipped – his own customer use cases. And AI wasn’t smart either to call him out for more personal insights and experiences that couldn’t be found on the internet.

A human who’s been in this space knows what not to do. They know which journalists are burned out and unlikely to respond. They know which outlets have recently changed their editorial focus. They know the unspoken rules of how to approach different editors. That institutional knowledge isn’t in any database. It lives in people who’ve been paying attention.

Also Read: Alan Turing asked if machines could think. We asked if they could lie

The lesson for early stage startups

Your next PR hire might not be a large-scale PR agency. But it’s not AI either.

It’s a human, someone who can fact-check what the AI spits out. Someone who can look at a media list and know immediately if the contacts are real and current. Someone who understands your market, your founder’s voice, and the subtle differences between a pitch that lands and one that doesn’t.

You don’t necessarily need four PR hires as an early stage startup. But you do need the advice of one really good person who can be the quality filter between what AI produces and what actually goes out into the world.

That person isn’t managing AI agents. They’re auditing them. They’re the bridge between algorithmic efficiency and human judgment. They’re the reason your outdated contacts never make it into a pitch, and why your thought leadership actually sounds like it came from a real human who’s been in the trenches.

AI is the accelerant. This person is the steering wheel.

Image Credit: Matt Botsford on Unsplash

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