Shiyan Koh, Managing Partner of Hustle Fund, and ​​Jeremy Au talked about three main themes:

1. Kamala vs. Trump USA Election: Jeremy and Shiyan discussed Kamala Harris stepping into the presidential race, and speculated on her potential policy directions and how her leadership might influence relations with Asia. The excitement around her candidacy and the shift in political dynamics were key points, along with how both parties still view being tough on China as beneficial.

Adriel Yong, Head of Investments at Ascend Network, and Jeremy Au discussed three major topics:

1. Startup Accounting Tricks (GMV, Revenue, Gross Margin, Contribution Margin): Local VCs have often confused Gross Merchandise Value (GMV) with actual platform revenue, and gross margins with actual unit profitability. Startups have also split reporting contribution margin into CM1, CM2, CM3 and CM4. This has caused investor misunderstandings, accusations of misleading financial reporting and startup boards to focus on the wrong metrics. Prevalance is high due to inexperienced finance teams, emerging VCs and poor market norms/ incentives.

​​Jeremy Au discussed the increasing intensity of "algostorms" - unpredictable social media “weather systems” driven by algorithms that prioritize engagement over truth. The Internet’s transition from human-centric, chronological forums to a volatile online environment where individuals are caught in fluctuating must-discuss trends manipulated by botnets, corporations, and professional influencers. He also drew parallels to the stock market, where algorithm-driven trading can cause flash crashes, leading to rapid market drops and recoveries. Some people trendjack to push their agendas, others unconsciously follow what seems to be majority opinion, and some seek refuge in genuine human interactions. He pointed out government actions to regulate content platforms and deploy Internet “circuit-breaker” blackouts, across Singapore, India, Myanmar, Indonesia, Iran and Bangladesh. Acknowledging the power of online influence is the first step to taking back control over one’s reactions and gaining intentionality in the digital sphere.

Jianggan Li, Founder & CEO of Momentum Works, and Jeremy Au talked about three main themes:

1. Indonesia & Trump Tariffs: Indonesia's new tariffs target imports like China-manufactured footwear, clothing, and ceramics to protect 65M local micro, small and medium enterprises employing 109M people. These trade barriers have negatively impacted local customers, e.g a hotpot restaurant struggling to get custom-branded plates. Similar measures include Brazil's quota for steel products, South Africa's tariffs on solar panels, and Trump's proposal to increase US tariffs to 60% on Chinese goods.

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.

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.

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, 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, 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.

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, 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, 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.

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, 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, 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.

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.