Jeremy Tan: Cambridge Engineer & Harvard MBA, Founding Tin Men Capital & Fatherhood Insights - E456
Jeremy Tan, Managing Partner and Cofounder of Tin Men Capital, and Jeremy Au talked about three main points:
1. Cambridge Engineer & Harvard MBA: Jeremy Tan shared his journey from a playful student to getting into a life-changing education at Cambridge. His early life goal of becoming a refinery chemical engineer shifted after a pivotal internship, which propelled him into finance with Morgan Stanley investment banking and later private equity. Getting an MBA at Harvard Business School opened up many doors for him, especially in building a global alumni network that later allowed him to secure essential early LP funding for his VC fund.
Why I Joined Lucence: Personal Loss, Atomic Building & Being the Dumbest Person in the Room - E457
Jeremy Au listed the 3 reasons for joining Lucence, a startup leveraging next-generation sequencing AI for early cancer detection with a single blood test. He reflected on his teenage years grieving over a personal loss due to lymphoma. He contrasted the builder role with the job of a VC, with a different set of “atomic” work outcomes. He appreciates being "the dumbest person in the room” and learning from experts in genetics, medicine, and data science. This role fulfills his entrepreneurial energy with a strong sense of purpose: getting revenge on cancer, improving patient treatment outcomes and saving lives globally.
Singapore: USA Civilian Nuclear Deal, Politicians vs. Technocrats & Allianz Insurance Acquiring NTUC Income with Shiyan Koh - E358
Shiyan Koh, Managing Partner of Hustle Fund, and Jeremy Au talked about three main points:
1. Allianz Insurance Acquiring NTUC Income: Jeremy and Shiyan dissected the business logic and new facts that have emerged, especially regarding the current competition and performance challenges facing NTUC Income. They addressed the confusing public communications, emphasizing the need for transparent messaging to maintain stakeholder trust and societal confidence. They also reflected on the lessons for nonprofits and social enterprises regarding the importance of the constitution to safeguard social objectives.
Patrick Linden: Dealguru $34M Acquisition, Southeast Asia Roll-Up Strategy & Match.asia M&A Marketplace - E459
Patrick Linden, Cofounder & Managing Partner of Match.Asia, and Jeremy Au discussed three main points:
1. Dealguru $34M Acquisition: Patrick shared his journey beginning from a small village in Germany to moving to Singapore and building iHipo, a platform to connect European students with opportunities in Southeast Asia. This early experience ignited his entrepreneurial passion, and he recounted the inception of Dealguru, an e-commerce platform inspired by the Daily Deal model. He described a strategic marketing stunt involving Starbucks vouchers that catapulted the platform into the public eye, which quickly established it as a key player in Singapore’s e-commerce sector.
DJ Tan: Prince of Fermentation, Coffee Without Beans & Government Food Scientist - E460
DJ Tan, CTO & Cofounder of Prefer, and Jeremy Au talked about three main topics:
1. Government Food Scientist: DJ recounted his early fascination with science and his studies in chemistry at UCL, leading to a focus on food science at Singapore's ASTAR government lab. He shared how his academic and laboratory experiences shaped his decision to experiment at the frontier of what humans eat and drink and merge rigorous scientific methods with innovative culinary practices. He discussed the challenges that novel food products face, particularly in achieving cost parity and consumer acceptance regarding taste.
Indonesia 39% Debt to GDP Ratio vs. Singapore, Free School Lunch Program & Capital City Move from Jakarta to Nusantara with Gita Sjahrir - E461
Gita Sjahrir, Head of Investment at BNI Ventures, and Jeremy Au talked about three main themes:
1. Indonesia 39% Debt to GDP Ratio vs. Singapore: Jeremy and Gita delved into the policy debate behind Prabowo's decision to increase Indonesia's debt-to-GDP ratio from 39% to 50%, and invest towards achieving an aggressive growth rate of 8% through a nickel-led industrial strategy coupled with expansive public spending. They tackled the broader implications of borrowing for a developing nation and the importance of maintaining fiscal credibility. Gita critiqued common misconceptions about national vs. personal debt and highlighted the international double standards in debt perception. They also compared Indonesia's fiscal strategy against USA, Singapore, Korea, Japan, Malaysia, Thailand and the Philippines.
Htay Aung: Anywheel Founder Struggles, Winning The Bike-sharing War & Rejecting VC & Acquisition Offers - E462
Htay Aung, CEO & Founder of Anywheel, and Jeremy Au talked about three main themes:
1. Early Inspiration and Challenges: Htay detailed his journey from an immigrant student facing cultural and language barriers in Singapore to becoming the founder of Anywheel. His initial inspiration came from dealing with traffic in Sydney and Singapore, which led to the idea of a bike-sharing service during his studies at the University of Sydney in 2017. He recounted the early challenges of integrating into a new culture and educational system, which shaped his entrepreneurial mindset.
Jingjing Zhong: UC Berkeley to Investment Banking, General Manager Firefighting & Superbench Services AI Founder - E463
Jingjing Zhong, CEO & Cofounder of Superbench, and Jeremy Au talked about three main themes:
1. UC Berkeley to Investment Banking: Jingjing reflected on her time at UC Berkeley where the competitive environment introduced her to the high-stakes world of investment banking. She shared her initial motivation for joining Houlihan Lokey, which was to make money (influenced by societal expectations from her upbringing in China). Her experience in the financial sector led to a significant reevaluation of her definition of success and steered her away from banking despite its financial allure.
Disney+ Arbitration PR Crisis, Good vs. Bad Startup Sci-Fi Ideas & Defence Tech Rise with Shiyan Koh - E464
Shiyan Koh, Managing Partner of Hustle Fund, and Jeremy Au talked about three main points:
1. Disney+ Arbitration PR Crisis: A woman died from an allergic reaction after eating at a Disney-affiliated restaurant. The husband sued Disney for "wrongful death" and $50,000+ of damages. Disney in May 2024 alleged that the husband accepted a forced arbitration agreement when signing up for Disney Plus in 2019. This caused a firestorm of public criticism about the company's accountability. The hosts discuss the broader implications of such legal strategies on public trust and branding, and Disney's withdrawal of this legal case serves as a cautionary tale about balancing tactical legal defenses with keeping a broader strategic eye.
Huiting Koh: Solo General Partner (GP) Experience, Gen Z vs. Generation Alpha & Blueprint's Distinctive Strategy - E46
Huiting Koh, Founding Managing Partner of Blueprint Ventures, and Jeremy Au discussed:
1. Solo General Partner (GP) Experience: Huiting discussed her journey as a solo GP, emphasizing the complexities of establishing Blueprint, her venture fund. She shared insights into the initial setup, overcoming challenges, and the decision-making processes involved. She also highlighted the critical learning curve she navigated, making strategic choices without complete information and trusting her instincts.
Avik Ashar: Zilingo Ethical Dilemmas, India vs. Southeast Asia Startups & Market & Consumer Diversity - E466
Avik Ashar, Principal at Artha Venture Fund, and Jeremy Au discussed:
1. Zilingo Ethical Dilemmas: Avik reflected on his experiences at Zilingo where rapid expansion led to questionable practices such as buying and selling Apple watches on their fashion lifestyle platform just to meet monthly sales targets, in order to achieve founder and board expectations of non-stop growth. He warned that crossing ethical lines for short-term gains, like funding or fame, is difficult to reverse over the medium term. Adhering to ethical standards is key to decisions that might push the boundaries of integrity, with the option of walking away from the job.
Vietnam: New President Tô Lâm, Immediate China State Visit & USA Rejection "Non-Market Economy"- E467
Valerie Vu, Founding Partner of Ansible Ventures, and Jeremy Au discussed:
1. New President Tô Lâm: The death and state-mandated mourning period for Vietnam's former Communist Party General Secretary Nguyen Phu Trong culminated in the swift elevation of Tô Lâm from the Ministry of Public Defense to President. This transition exhibited the controlled and planned nature of political leadership where political changes are orchestrated to ensure continuity and stability within the government.
Raditya Wibowo: Gojek Chief Transportation Officer, Founder MAKA Motors & How Hard Can It Be? - E468
Raditya (Dito) Wibowo, CEO & Founder of MAKA Motors, and Jeremy Au discussed:
1. Gojek Chief Transportation Officer: Raditya describes his seven-year tenure rise from managing a nascent on-demand transportation service from the modest two-story home HQ with only 2 toilets to becoming Chief Transport Officer. Developing Gojek's first dynamic pricing algorithm was key to beating competition from traditional and emerging tech players. His strategic thinking was pivotal in navigating these emerging problems, including how to navigate the demand vs. supply aspects of Ramadan.
Jesse Choi: Bain Capital & Stanford MBA, Moving To Indonesia For Love & Founding Reku Investment Platform - E469
Jesse Choi, Cofounder of Reku, and Jeremy Au discussed:
1. Bain Capital & Stanford MBA: Jesse shared his journey from an operations research and economics student at Columbia University to an early career at Bain management consulting and Bain Capital private equity. His Stanford MBA experience also expanded his professional network, deepened his analytical skills and broadened his career horizons.
China: Black Myth Wukong $1B AAA Game, $86B Tencent Publisher (League of Legends, SEA Group & VNG) & Real Estate Bubble Burst - E470
Jianggan Li, Founder & CEO of Momentum Works, and Jeremy Au discussed:
1. Black Myth Wukong $1B AAA Game: Jianggan and Jeremy examined the reinterpretation of 'Journey to the West' in the gaming blockbuster 'Black Myth: Wukong'. The developers overcame huge skepticism, incorporated complex cultural narratives into gameplay and overcame technical challenges to balance traditional storytelling with modern gaming technology. They also discussed the parallels with Indian and Southeast Asia mythology.
Serena Lam: Vietnam Refugee Inspiration, IBM to SaaS Founder & Sales Automation Consequences - E471
Serena Lam, CEO & Cofounder of Fuzzy Sequence, and Jeremy Au discussed:
1. IBM to SaaS Founder: Serena described her seven-year tenure at IBM, where she tackled diverse strategic roles across the U.S., China, and India. This experience provided her with a robust foundation in technology and business strategy, crucial for her later ventures. She emphasized the comfort and security of a well-structured corporate environment, noting how it fostered her ability to save and enjoy a reliable income, which contrasted with the uncertainties of startup life.
Rob Snyder: McKinsey to Harvard MBA Founder, Cracking Product-Market Fit & Accelerate Or Die - E472
Rob Snyder, Founder of Reframe, and Jeremy Au discussed:
1. McKinsey to Harvard MBA Founder: Rob detailed his initial career moves from political philosophy to starting at McKinsey, where he developed critical analytical skills and professional discipline. His time at Harvard Business School was shaped by the “Founder's Journey” course, which provided a realistic portrayal of the challenges in entrepreneurship through case studies and alumni insights, preparing him for t ing Product-Market Fit: Rob's strenuous two year journey to identify product-market fit was marked by numerous strategy pivots. Direct customer feedback led to a streamlined product offering and catalyzed a growth spurt, increasing revenue from zero to $4 million ARR. He shared on how and why psychological barriers like confirmation bias were harder to overcome than the actual pivots.
Singapore: Johor Special Economic Zone, US Anti-China Reverse CFIUS & Regional Trade Diversification with Shiyan Koh - E473
Shiyan Koh, Managing Partner of Hustle Fund, and Jeremy Au discussed:
1. Johor Special Economic Zone (SEZ): They explored the potential impact of the upcoming Johor-Singapore SEZ agreement, scheduled for signing in November. The SEZ, which is more than 4 times the size of Singapore, is seen as an opportunity to deepen economic ties between the two regions by leveraging Singapore’s capital, technology, and skilled workforce alongside Johor’s land and infrastructure. They noted regulatory challenges such as Johor’s year-long permit approval process, which contrasts with quicker timelines in other Malaysian states like Selangor. Both emphasized that political cooperation across Malaysia's federal government, Singapore and Johor's state government & king would be essential to the SEZ’s success, particularly in attracting multinational corporations (MNCs) and improving labor mobility across the border. They discussed the anticipated real estate developments, economic forecasts and potential surge in cross-border economic activities.
Oscar Jesionek: Austria Digital Nomad to Vietnam Founder, Audio Learning Product-Market Fit & Trust Your Gut - E474
Oscar Jesionek, CEO & Cofounder of Fonos, and Jeremy Au discussed:
1. Austria Digital Nomad to Vietnam Founder: Oscar traces his entrepreneurial path, starting from his academic background in economics in Austria to his diverse professional experiences in headhunting, healthcare, and finance. His early career was a period of self-discovery, where he evaluated various sectors and geographies before narrowing his focus to roles that aligned with his values and desire for social impact. Oscar shares how these experiences, along with a growing dissatisfaction with conventional industries, led him to Vietnam, where he found a deeper sense of purpose through entrepreneurship.
Sherry Jiang: Founder Poker Strategy, Navigating Product-Market Fit Pivots & Big Tech Career Advice- E475
Sherry Jiang, CEO & Cofounder of Peek, and Jeremy Au explored three key topics:
1. Navigating Product-Market Fit Pivots: Crypto winter forced Sherry to pivot from her original idea—an algorithmic stablecoin protocol for Southeast Asian currencies. This shift led to the creation of Peek, an AI-powered platform for managing net worth. She highlighted the challenges of gaining traction, facing ambiguous customer demand, and maintaining deep customer engagement. Sherry emphasized how adaptability is essential when an original business model fails to fit the market. She candidly discussed the emotional and logistical hurdles of steering a company through such changes, underscoring the need for transparent communication with both internal teams and external stakeholders, especially investors.