BRAVE Southeast Asia Tech: Singapore, Indonesia, Vietnam, Philippines, Thailand & Malaysia Startups, Founders & Venture Capital VC (English)

Jeremy Au
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Oct 5, 2023 • 41min

Projjal Ghatak: Leadership Coaching, Venture Capital vs. Private Equity and Learning Power - E325

Projjal Ghatak, Cofounder & CEO of OnLoop, and Jeremy Au, talk about leadership and coaching dynamics. They discuss three key themes:  1. The Power of Leadership: Projjal and Jeremy talked about how they initially hesitated to invest in executive coaching due to its perceived high cost but they stressed the invaluable returns it brings. They underlined the significance of a structured coaching approach, emphasizing that leaders must be intentional about it as it enhances decision-making. They noted that leadership involves making choices that profoundly impact a company's future, and highlighted that its value lies in mastering well-informed decision-making. 2. Venture Capital vs. Private Equity: Projjal explained the prevalence of entities in Southeast Asia that label themselves as VCs but function more like small to mid-sized enterprise private equity firms (SME PE), aiming for 2 to 3X returns on investments within a short time frame. This contrasted with the VC model, which embraces asymmetric outcomes and rapid growth. They explained that understanding the differences is crucial for founders and investors alike, as it greatly impacts the leadership dynamics and decision-making processes within a company. They also talked about the significance of a harmonious board of directors in guiding a company's direction, and that it should be comprised of individuals who not only bring diverse expertise but also foster healthy debates and discussions. 3. Effective Coaching Dynamics: Projjal highlighted that for coaches to be truly effective, they need personal empathy and experience in the domain of the individual being coached, similar to having a deep understanding of the "sport" or field they are coaching in, even if it's not identical. He also distinguished between coaches and mentors or advisors, emphasizing that coaches must prioritize listening and asking questions over telling individuals what to do. He suggested that formal training, such as the Arbuckle Leadership Fellows Program, can provide a solid foundation for coaching.  They also explored the significance of aligning founder-investor perspectives, Projjal's unique perspectives on narcissism, the depth of trust required in such relationships, and the importance of critical thinking in the current instant gratification era.  Watch, listen or read the full insight at https://www.bravesea.com/blog/projjal-ghatak2 Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://whatsapp.com/channel/0029VakR55X6BIElUEvkN02e Spotify: https://open.spotify.com/show/4TnqkaWpTT181lMA8xNu0T YouTube: https://www.youtube.com/@JeremyAu Apple Podcasts: https://podcasts.apple.com/sg/podcast/brave-southeast-asia-tech-singapore-indonesia-vietnam/id1506890464 Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZC5jby9icmF2ZWR5bmFtaWNz TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea Learn more about Ringkas here: https://www.ringkas.co.id
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Oct 3, 2023 • 42min

Andy Hwang: Early Financial Curiosity, Capital vs. Coaching in VC & Risk Assessment - E324

Andy Hwang, General Partner of Wavemaker Partners, and Jeremy Au, discuss three main topics: 1. Early Years and Financial Inquisitiveness: Andy shares that his early days in Cupertino, California played a pivotal role in shaping his financial awareness and curiosity. His fascination with having access to his bank balance at a young age and investing in Apple stocks highlights his early entrepreneurial mindset. He had a front-row seat to witness the growth and evolution of Apple Inc. which gave him a unique perspective on the world of tech and business from an early age. He also mentioned that being surrounded by family members who are engineers played a role in fostering a learning mindset and passion for tech and innovation. 2. The Impact of Coaching: Andy talks about his experiences as both a recipient and a provider of coaching, underscoring the significance of introspection and self-improvement. He explains that coaching goes beyond addressing technical challenges and that it extends to the "people side" of building an organization. He shares that instead of founders seeking coaching only when they encounter setbacks, they should see it as a proactive step and seek it early on to equip themselves with the tools and knowledge needed to navigate challenges effectively. 3. Risks and Decisiveness: Andy challenges the conventional perception of risk as something to be feared or avoided, and encourages people to have a more nuanced understanding of it. He argues that risk isn’t a binary concept, where something is either entirely risky or entirely safe, but with varying degrees of potential outcomes. He also talks about how fear holds people back from taking necessary risks and emphasizes the importance of considering the possibility of success and positive outcomes. He also shares that startup founders often need to make decisions and explains that the ability to make choices promptly and confidently helps them navigate challenges more effectively and seize opportunities as they arise. They also talk about cultural stigmas related to Asian males asking for help, the evolving startup landscape in Southeast Asia, the significance of self-awareness for founders, and the transformative power of empathy in coaching.  Watch, listen or read the full insight at https://www.bravesea.com/blog/andy-hwang Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://whatsapp.com/channel/0029VakR55X6BIElUEvkN02e Spotify: https://open.spotify.com/show/4TnqkaWpTT181lMA8xNu0T YouTube: https://www.youtube.com/@JeremyAu Apple Podcasts: https://podcasts.apple.com/sg/podcast/brave-southeast-asia-tech-singapore-indonesia-vietnam/id1506890464 Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZC5jby9icmF2ZWR5bmFtaWNz TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea Learn more about Ringkas here: https://www.ringkas.co.id
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Oct 1, 2023 • 35min

$4B Singapore Chip Fabrication Plant, Regional Web3 Investments & Corporate VC Funds - E323

In this discussion, Shiyan Koh, Managing Partner of Hustle Fund, and Jeremy Au, talked about three key topics: 1. Southeast Asia Tech Investment Landscape: Shiyan and Jeremy talked about the significant developments in the region’s tech investment landscape, such as Vertex Ventures closing a fund of $541 million and GlobalFoundries, a leading semiconductor manufacturer, opening its $4 billion chip fabrication plant in Singapore. They also discussed that with the right infrastructure and support, Singapore could have become a prominent player in the semiconductor industry, potentially rivaling countries like Taiwan. 2. Web3 and Cryptocurrency: Shiyan and Jeremy delved into Web3 and cryptocurrencies, and emphasized the value of stablecoins in providing financial stability, especially in regions where traditional currencies are subject to inflation and volatility. They also shared how digital assets are making cross-border transactions more accessible and efficient. They explained how Web3 is disrupting traditional industries and how this shift toward decentralized systems can empower individuals and communities by reducing the reliance on centralized intermediaries. 3. Dollarization of Currencies and Interoperability Challenges: Shiyan and Jeremy touched on the dollarization of currencies of other countries, like Latin America, unofficially adopting the USD as a standard for transactions due to the instability or inflation of their local currency. They explained that it isn't just limited to physical USD cash but can extend to digital assets like USDC. They also shared the interoperability challenges faced by tech companies operating in the region, and how CVCs can potentially help by working with regulators and creating solutions that adhere to different regulations while enabling cross-border operations. They also explored the impact of recent Singapore events on the country’s economy, the different cryptocurrency use cases, the impact of regulatory dynamics on the crypto space, and the fluctuating nature of Web3-focused funds. Watch, listen or read the full insight at https://www.bravesea.com/blog/web3-and-crypto Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://whatsapp.com/channel/0029VakR55X6BIElUEvkN02e Spotify: https://open.spotify.com/show/4TnqkaWpTT181lMA8xNu0T YouTube: https://www.youtube.com/@JeremyAu Apple Podcasts: https://podcasts.apple.com/sg/podcast/brave-southeast-asia-tech-singapore-indonesia-vietnam/id1506890464 Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZC5jby9icmF2ZWR5bmFtaWNz TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea Learn more about Ringkas here: https://www.ringkas.co.id
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Sep 28, 2023 • 42min

Yann Schuermans: 400 Years Family Legacy, Indonesia Supply Chain & AB InBev to Circles.Life to Baskit Founder - E322

Yann Schuermans, Founder & CEO of Baskit, and Jeremy Au, talked about three key topics:  1. Career Transitions and Entrepreneurship: Yann recounted his journey to join AB InBev and reflected on the valuable experiences and insights he gained, which equipped him with a broad perspective on supply chain complexities and industry nuances. He shared his decision to leave his secure role at AB InBev, joining Circles.Life, and later starting his own venture, Baskit. He explained the different considerations behind every career move, including factors like access to capital, geographic location, and even the challenges posed by the COVID-19 pandemic. He advised aspiring entrepreneurs to gain experience and build a strong foundation in their chosen domain before embarking on entrepreneurial endeavors. 2. 400 Years Family Legacy: Yann shared his background of growing up with a family history deeply rooted in supply chain expertise spanning 400 years. He discussed how he witnessed his father navigating various supply chain crises and how this upbringing ignited his own passion for the industry. Unlike conventional career paths, where individuals often pursue professions like law or finance, his family legacy exposed him to the world of supply chain management from a young age, which not only provided him with valuable insights but also fueled his passion for the field. 3. Indonesia's Supply Chain: Yann provided his insights on the supply chain from his time at the global beverage company, AB InBev. He talked about Indonesia's vast and multi-faceted supply chain, highlighting the country’s market, geographic challenges, and diverse topography. He also provided a tiered structure of the supply chain, distinguishing between various layers, including wholesalers, distributors, and brands. He also shared his insights on monetization strategies, and unit economics, and to carefully assess whether it’s better to disrupt or complement an existing supply chain model. They also discussed Yann’s vision for Baskit as a software-defined supply chain platform, the importance of staying light and flexible in the industry, various monetization strategies within the supply chain space, and the significance of multi-category approaches. Watch, listen or read the full insight at https://www.bravesea.com/blog/yann-schuermans Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://whatsapp.com/channel/0029VakR55X6BIElUEvkN02e Spotify: https://open.spotify.com/show/4TnqkaWpTT181lMA8xNu0T YouTube: https://www.youtube.com/@JeremyAu Apple Podcasts: https://podcasts.apple.com/sg/podcast/brave-southeast-asia-tech-singapore-indonesia-vietnam/id1506890464 Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZC5jby9icmF2ZWR5bmFtaWNz TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea Learn more about Ringkas here: https://www.ringkas.co.id
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Sep 26, 2023 • 38min

Jennifer Ong: BlackRock to Style Theory GM to Life Coach, Career Transition Advice & Reframing Success - E321

Jennifer Ong, Founder & Career Coach at Ctrl Alt Career, and Jeremy Au, discuss three main topics: 1. Personal and Career Journey: Jennifer shares her career transition from finance to the tech industry, eventually becoming a career coach. Six months into her tenure at BlackRock, she realized that she needed to leave. However, it took her 6 years to reflect and eventually pull the trigger on moving on to a new chapter in her career. She shared her struggles with following societal and parental expectations vs. pursuing her own path, and emphasized the importance of unpacking these pressures when making significant career decisions. 2. Coaching Insights & Approaches: Jennifer shares her structured coaching method and her belief in setting clear frameworks to guide her clients. She highlighted the value of both personal and business coaching, and how her seeking guidance from a coach has accelerated her business and personal growth. She also explained the trade-off between time and money, advocating for the proactive seeking of expert guidance to avoid long-term pitfalls. 3. Reframing Success Narrative: Jennifer introduces the concept of reframing one's success narrative. She emphasized the importance of aligning one's career and life choices with personal values. She discussed various elements that contribute to success, including financial stability, external validation, passion, and professional achievement. She stressed the idea that it's not a black-and-white choice between money and purpose, but finding the right balance that aligns with one's unique values and aspirations. They also talk about the misconception that coaching is solely about resume and interview preparation, the challenges of reinventing oneself in new professional roles, the criteria in choosing a good coach, and the value of support networks in one’s career journey. Watch, listen or read the full insight at https://www.bravesea.com/blog/jennifer-ong Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://whatsapp.com/channel/0029VakR55X6BIElUEvkN02e Spotify: https://open.spotify.com/show/4TnqkaWpTT181lMA8xNu0T YouTube: https://www.youtube.com/@JeremyAu Apple Podcasts: https://podcasts.apple.com/sg/podcast/brave-southeast-asia-tech-singapore-indonesia-vietnam/id1506890464 Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZC5jby9icmF2ZWR5bmFtaWNz TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea Learn more about Ringkas here: https://www.ringkas.co.id Check out Jennifer's website at https://www.ongjennifer.com/
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Sep 24, 2023 • 43min

Nir Eyal: Sleep Habit Fundamentals, Adding Friction For Mindful Technology Usage & Future Of Optimized Rest - E320

Nir Eyal, Wall Street Journal Bestselling Author, and Jeremy Au talked about three main themes related to technology, sleep, and personal growth: 1. Sleep Medication Impact & Melatonin Patent: Nir and Jeremy discussed the health implications of sleep medication and highlighted the lack of regulation in the supplement industry, including melatonin products. They touched upon the significance of understanding the origin, purpose, and dosage when considering sleep supplements. They also emphasized the importance of natural sleep cycles and cautioned against reliance on sleep aids without a deep understanding of their implications. 2. Technology in Sleep Optimization and Future of Sleep Predictive Analytics: They discussed various tools to optimize sleep, including a Kindle, for bedtime reading to earplugs for undisturbed rest. They talked about tools like the Oura Ring, which provides insights on sleep quality and patterns, and the Apple Watch, which tracks and analyzes sleep metrics. They believe that the future of sleep tech lies in predictive analytics, which would offer real-time feedback on sleep quality and help people in making healthier sleep choices. 3. Inserting Friction for Mindful Technology Use: They stressed the value of creating friction to make conscious decisions about technology use. Nir shared about an experimental approach such as the NFC chip tool that limits access to certain apps during work hours, requiring extra steps to access potential distractions. They explained that adding these friction points aids in a more mindful and intentional relationship with our devices, and ensures that they serve us instead of dominating our time and attention. They also talked about the placebo and nocebo effects in relation to sleep, how a lot of sleep medications can be habit-forming, the importance of being vigilant in media consumption, and the significant effect of overstimulation in both children and adults’ sleep patterns. Watch, listen or read the full insight at https://www.bravesea.com/blog/sleep-habit-fundamentals Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://whatsapp.com/channel/0029VakR55X6BIElUEvkN02e Spotify: https://open.spotify.com/show/4TnqkaWpTT181lMA8xNu0T YouTube: https://www.youtube.com/@JeremyAu Apple Podcasts: https://podcasts.apple.com/sg/podcast/brave-southeast-asia-tech-singapore-indonesia-vietnam/id1506890464 Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZC5jby9icmF2ZWR5bmFtaWNz TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea Learn more about Ringkas here: https://www.ringkas.co.id
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Sep 21, 2023 • 35min

Maaike Doyer: Women Investor Syndicates, Diversification Strategies & Investor Risk Management - E319

Maaike Doyer, Founder and Managing Partner of Epic Angels, and Jeremy Au discuss three main points: 1. Diversifying Investments with Female Representation: Maaike shares her journey in building Epic Angels, a female investor syndicate focused on diversifying investments in the Asia-Pacific region. They invest not only in female founders but also in teams that have female representation. She also shares how Epic Angels educates and onboards new female investors, helping them understand the region, optimizing asset allocation, and fostering an appreciation for diverse investment opportunities 2. Risk Awareness and Mindset: They underscore the critical importance of risk awareness in angel investing. Maaike highlights that the first step in managing risk is recognizing it. She emphasizes the need for investors, regardless of gender, to be acutely aware of the risks associated with their investments. She explains that acceptance of uncertainty, embracing a long-term perspective, emotional resilience, and a commitment to continuous learning are important in derisking in investing. They also talk about how investors should prioritize diversification, align decisions with their risk tolerance, and have contingency plans for unexpected events. 3. Personal Moments of Bravery and Optimism: Maaike shares her journey from her move to Southeast Asia from Europe. She talks about her experiences and learnings, underlining the significant differences between countries and regions and the unique challenges and opportunities they present. She also discusses her optimism and hope for Southeast Asia's growth compared to Europe's slower prospects.  They also touch on founder-investor dynamics, transparency, and the challenges and opportunities presented by the Southeast Asian startup ecosystem, the role of mentorship in startups, importance of exit strategies, and the increasing accessibility and democratization of angel investing due to technological advancements. Watch, listen or read the full insight at https://www.bravesea.com/blog/maaike-doyer Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://whatsapp.com/channel/0029VakR55X6BIElUEvkN02e Spotify: https://open.spotify.com/show/4TnqkaWpTT181lMA8xNu0T YouTube: https://www.youtube.com/@JeremyAu Apple Podcasts: https://podcasts.apple.com/sg/podcast/brave-southeast-asia-tech-singapore-indonesia-vietnam/id1506890464 Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZC5jby9icmF2ZWR5bmFtaWNz TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea Learn more about Ringkas here: https://www.ringkas.co.id
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Sep 19, 2023 • 28min

Cambodia Market Dynamics, Local Partnerships Nuance & Khmer Population and Industry - E318

Max Thornton and Dom Kalousek, hosts of Rising Giants podcast, share about their experiences and insights in Cambodia with Jeremy Au. They touch upon three major themes: 1. Personal Journeys in Cambodia: Max and Dom's partnership began during the constraints of the pandemic, an unusual yet serendipitous connection. Their shared passion led them to dive deep into Cambodia's market, navigating its complexities and opportunities. They eventually started the Rising Giants podcast, which captures their drive to understand Cambodia's tech landscape, its nuances, and potential. They share the micro lessons they learned along the way, from the significance of local partnerships to understanding unique consumer behaviors. 2. Unpacking Cambodia's Market: They discuss how Cambodia is often overlooked in the broader Southeast Asia narrative. They delve into the country’s multifaceted identity, encompassing not just its economic indicators but the stories, experiences, and lessons that shape it. They also talk about the textile industry that contributes significantly to its GDP, and the unconventional use of Telegram as a business, and unmask an intricate tapestry of local players, the Khmer population. 3. Advice on Navigating Cambodia: Max and Dom emphasize the indispensable virtues of patience and courage. They share that success in this market hinges on deep-rooted local connections, genuine engagements with the local populace, and an authentic alignment with the market's reality over its perception. Their advice revolves around a deep-rooted respect for the local culture and a commitment to growth through collaboration. They also touch upon the relevance of Rising Giants in the larger Southeast Asia narrative, the challenges and rewards of venture creation in emerging markets, and the pivotal role of execution in business success in such frontier markets. Watch, listen or read the full insight at https://www.bravesea.com/blog/cambodia-market-dynamics Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://whatsapp.com/channel/0029VakR55X6BIElUEvkN02e Spotify: https://open.spotify.com/show/4TnqkaWpTT181lMA8xNu0T YouTube: https://www.youtube.com/@JeremyAu Apple Podcasts: https://podcasts.apple.com/sg/podcast/brave-southeast-asia-tech-singapore-indonesia-vietnam/id1506890464 Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZC5jby9icmF2ZWR5bmFtaWNz TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea Learn more about Ringkas here: https://www.ringkas.co.id
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Sep 17, 2023 • 21min

Founder-Investor First Meeting Dynamics, Pitching Preparation & Navigating The Conversation Framework - E317

Shiyan Koh, Managing Partner of Hustle Fund, and Jeremy Au dissect the intricate dynamics of initial founder-investor interactions. Here are the three main themes: 1. Initial Engagements & Decision-making Dynamics: Shiyan and Jeremy stress the value of the first meetings. For investors, it's a chance to see the viability of the partnership, gauging not just the business's potential but also the founder's vision and adaptability. For founders, it’s an opportunity to understand the investor's decision-making process. They share that both parties should have a set of clear expectations and an understanding of the next steps. They also see the first meeting as a helpful way to build trust, align visions, and ensure that both the founder and investor are on the same trajectory toward a potential long-term collaboration. 2. Technical Aspects of Pitching: They discuss the significance of the preparation for the pitch. Practicing their pitch, testing their tech setup, and even recording themselves to check for any issues can make a big difference. A smooth meeting exhibits professionalism and respect for time. 3. Navigating the Conversation Framework: Jeremy and Shiyan talk about how conversations between investors and founders can focus on various topics such as the business model, its overarching strategy, specific industry or vertical, or even personal qualities of the founder and how it’s vital to know which "frame" the conversation is in. They point out that while various questions might arise, the underlying query remains as to whether the two parties are capable of collaborating over the next decade to build a successful company.    They also talk about pitching horror stories related to poor technical setups and how bad audio can ruin a good pitch, the art of striking a balance between high-level overviews and in-depth discussions during pitches, and the value of building rapport in the first meeting. Watch, listen or read the full insight at https://www.bravesea.com/blog/first-meeting-dynamics Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://whatsapp.com/channel/0029VakR55X6BIElUEvkN02e Spotify: https://open.spotify.com/show/4TnqkaWpTT181lMA8xNu0T YouTube: https://www.youtube.com/@JeremyAu Apple Podcasts: https://podcasts.apple.com/sg/podcast/brave-southeast-asia-tech-singapore-indonesia-vietnam/id1506890464 Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZC5jby9icmF2ZWR5bmFtaWNz TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea Learn more about Ringkas here: https://www.ringkas.co.id #Pitching #Founders #Investor #Startups #fundraising #ConversationFramework #BuildingRapport #Partnerships #venturecapital
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Sep 14, 2023 • 32min

Ilya Kravtsov: Indonesia Property Market, Cultural Assimilation & Navigating Startup Transitions - E316

Ilya Kravtsov, Founder of Ringkas, and Jeremy Au discuss three primary topics: 1. Ilya’s Entrepreneurial Journey: Ilya elaborates on wrapping up his time at his last company, building a new startup, and how he approached the quest to find a compatible co-founder. He emphasizes the importance of aligned values, mutual respect, and complementary skills when looking for a co-founder. He also shares how he and his cofounder used an experimental approach in identifying the right business vertical to enter and engaged in a thorough process of testing and validating to understand the market gaps and opportunities better. 2. Indonesia’s Property Landscape: Ilya delves deep into his latest venture, Ringkas, which emerges as a solution to the intricacies of the Indonesian property market by streamlining it, offering potential homeowners clarity and guidance. He talks about the challenges of the property market like the varying interest rates, the nuances between primary and resale markets, and the cumbersome mortgage loan process. He also emphasizes the importance of robust market data in understanding rental returns and the complexities homeowners face in the country's tangled mortgage process. 3. Southeast Asia's Diverse Cultural Fabric: Ilya and Jeremy talk about Southeast Asia’s rich cultural diversity where every country, city, and community offers its own unique set of experiences. Ilya advises folks new to the region to immerse themselves in the local culture. He discusses how people should step out of their comfort zones and explore other cities besides the metropolises like Jakarta or Singapore since they do not encapsulate the entirety of what the region has to offer. He underscores that understanding local nuances, such as in business regulations or consumer behaviors, is vital for anyone aiming to succeed in the region.  They also talk about understanding varied GDP per capita across Southeast Asian nations, the evolving regulatory dynamics in the business realm, the intricacies of starting a business amidst a global pandemic, and the evolution of the startup ecosystem in the region and its comparisons with global counterparts.  Watch, listen or read the full insight at https://www.bravesea.com/blog/ilya-kravtsov2 Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://whatsapp.com/channel/0029VakR55X6BIElUEvkN02e Spotify: https://open.spotify.com/show/4TnqkaWpTT181lMA8xNu0T YouTube: https://www.youtube.com/@JeremyAu Apple Podcasts: https://podcasts.apple.com/sg/podcast/brave-southeast-asia-tech-singapore-indonesia-vietnam/id1506890464 Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZC5jby9icmF2ZWR5bmFtaWNz TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea Learn more about Ringkas here: https://www.ringkas.co.id #Indonesia #PropertyMarket #Mortgages #Localization #CulturalDiversity #startups #founder #businesstransition #southeastasia

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