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Asian Founders at Work ASIAN FOUNDERS AT WORK STORIES FROM THE REGION’S TOP TECHNOPRENEURS Ezra Ferraz Gracy Fernandez Asian Founders at Work: Stories from the Region’s Top Technopreneurs Ezra Ferraz Gracy Fernandez Makati City, Philippines Makati City, Philippines ISBN-13 (pbk): 978-1-4842-5161-4 ISBN-13 (electronic): 978-1-4842-5162-1 https://doi.org/10.1007/978-1-4842-5162-1 Copyright © 2020 by Ezra Ferraz, Gracy Fernandez This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Trademarked names, logos, and images may appear in this book. Rather than use a trademark symbol with every occurrence of a trademarked name, logo, or image we use the names, logos, and images only in an editorial fashion and to the benefit of the trademark owner, with no intention of infringement of the trademark. The use in this publication of trade names, trademarks, service marks, and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are subject to proprietary rights. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Managing Director, Apress Media LLC: Welmoed Spahr Acquisitions Editor: Shiva Ramachandran Development Editor: Laura Berendson Coordinating Editor: Rita Fernando Distributed to the book trade worldwide by Springer Science+Business Media New York, 233 Spring Street, 6th Floor, New York, NY 10013. Phone 1-800-SPRINGER, fax (201) 348-4505, e-mail [email protected], or visit www.springeronline.com. Apress Media, LLC is a California LLC and the sole member (owner) is Springer Science + Business Media Finance Inc (SSBM Finance Inc). SSBM Finance Inc is a Delaware corporation. For information on translations, please e-mail [email protected], or visit http://www.apress. com/rights-permissions. Apress titles may be purchased in bulk for academic, corporate, or promotional use. eBook versions and licenses are also available for most titles. For more information, reference our Print and eBook Bulk Sales web page at http://www.apress.com/bulk-sales. Any source code or other supplementary material referenced by the author in this book is available to readers on GitHub via the book's product page, located at www.apress. com/9781484251614. For more detailed information, please visit http://www.apress.com/ source-code. Printed on acid-free paper For Margaret Contents About the Authors . vii About the Contributors. .ix Acknowledgments �. .xi Introduction �. xv Chapter 1: Siu Rui Quek, CEO and Co-founder, Carousell . 1 Chapter 2: Shing Chow, Founder and CEO, Lalamove . 13 Chapter 3: Khailee Ng, Managing Partner, 500 Startups . 25 Chapter 4: Royston Tay, Founder, Zopim . 37 Chapter 5: Chatri Sityodtong, Founder, Chairman, and CEO, ONE Championship . 51 Chapter 6: Willis Wee, Founder and CEO, Tech in Asia . 63 Chapter 7: Ritesh Agarwal, Founder and CEO (Global), OYO Hotels & Homes . 75 Chapter 8: Shao-Ning Huang, Co-founder and Deputy CEO, JobsCentral . 91 Chapter 9: Achmad Zaky, Founder and CEO, Bukalapak . 105 Chapter 10: Patrick Grove, Co-founder, iflix . 115 Chapter 11: Chitpol Mungprom, CEO and Founder, Zanroo . 125 Chapter 12: Mohan Belani, Co-founder and CEO, e27 . 135 Chapter 13: Zeeshan Ali Khan, CEO and Co-founder, Zameen.com . 147 Chapter 14: Akiko Naka, CEO and Founder, Wantedly . 165 Chapter 15: Ron Hose, Co-founder and CEO, Coins.ph . 181 Chapter 16: Zac Cheah, CEO and Co-founder, Pundi X . 193 Chapter 17: Chih-Han Yu, CEO Co-founder, Appier . 201 Chapter 18: Winston Damarillo, CEO and Founder, GlueCode . 211 Chapter 19: Min-Liang Tan, CEO and Co-founder, Razer. 219 Chapter 20: Maria Ressa, Co-founder and CEO, Rappler . 223 Chapter 21: Mark Sears, CEO and Founder, CloudFactory . 239 Chapter 22: Teresa Condicion, Chief of Data and Operation, Co-founder, Snapcart . 245 Index . .261 About the Authors Ezra Ferraz is the founder and managing partner of Ambidextr, a full-service content marketing studio backed by Future Now Ventures. Ambidextr (http://ambidextr. media/) executes the content marketing for some of Asia Pacific’s largest tech companies. He graduated from UC Berkeley and earned a master’s degree in professional writing from the University of Southern California. He can be reached directly at [email protected]. Gracy Fernandez is a frequent contributor to Entrepreneur Asia Pacific—the mother brand of Entrepreneur in the region—and the founder of a venture-backed tech startup, Graventure. She is a professional marketer by trade. About the Contributors Frances Roberto is a management honors student at the Ateneo de Manila University. A former intern at social news network Rappler, she has seen up close the far-reaching influence that technology has over all realms of life and how it could be utilized for justice and truth. She strongly advocates for a brand of entrepre- neurship that would harness technology in much the same way—that is, for the good of the people. Elyssa Lopez earned a BA in journalism from the University of Santo Tomas. She previously worked as a writer at Summit Media, including stints at both Entrepreneur and Esquire Philippines. She is a content marketer at Ambidextr. She is also one of the authors of Ready or Not 2020, the forthcoming sequel to the bestselling book by serial tech entrepreneur Winston Damarillo released in 2016. Ready or Not 2020 previews how bleeding edge technologies will continue to change the way Filipino enterprises do business. Martina Ferrer is an AB Communication student taking the advertising and public relations track at the Ateneo de Manila University. She is a former col- legiate athlete who participated in the prestigious University Athletic Association of the Philippines (UAAP). She is now a content marketer and media relations associate at Ambidextr. x About the Contributors Jezy Fernandez is currently taking Media Arts with the dream of becoming a film pro- ducer and copywriter. She is a former member of a swimming team in Baguio City and she has also participated in theatrical plays as an actor. She is now an Art department intern for various television commercials in the Philippines. Gia Soliven is a sophomore studying Infor- mation Design at the Ateneo de Manila University and ranks in the top ten percent of her class. As a marketing associate of Ambidextr, she is a creative individual driven to initiate sustainable social impact through writing and business. She is also a campaign deputy of Kythe- Ateneo and a marketing associate of the Company of Ateneo Dancers. Sofia Galve is a cum laude graduate from the University of the Philippines–Diliman with a concentration in Speech Communication. She is also a beauty queen, events host, and finan- cial planner. Acknowledgments We would like to thank the researchers and writers who contributed to this book, most especially Frances Roberto, Elyssa Lopez, Martina Ferrer, Sofia Galve, and Gia Soliven. We look forward to the day we read your own books. We would like to thank Apress for giving us an opportunity to share the stories of Asia’s best founders. Our publishing team at Apress was instrumental in seeing this book to completion, led by coordinating editor Rita Fernando Kim, acquisi- tions editor Shiva Ramachandran, and development editor Laura Berendson. I would also like to extend my thanks to my team at Ambidextr (http:// ambidextr.media/) not already mentioned, including Junie Agcaoili, Monette Quiogue, Joanna Viegan, Kyle Nate, Sofia Marteja, Cherry Bantiling, Gab Rovira, Toni Roman, and Robby Vaflor. I would also like to thank my team at Future Now Ventures, most especially John Orrock and Arvin Rafol, for their support and guidance. I would also like to thank my amazing co-author, Gracy Fernandez, who drove the completion of the book and helped realize its full potential. It would sim- ply not be the same without your foresight into the most impactful waiting- to-be-told founder stories across the region. I would also like to extend my gratitude to the never-ending support of my family, including my parents (hi Mom and Dad!) and brothers, Mike and Nick. I miss you all and I will see you soon. I would also like to extend my gratitude to my mother-in-law, father-in-law, and siblings-in-law, Sam, Chester, Boss, Gio, and especially Jezy, who helped review chapters and provide valuable feedback on the manuscript’s progress, and baby Marga, who provided the inspiration to complete the book over its journey. We hope when you read it one day, you may see a glimpse of what you can achieve in time. Most of all, we would like to thank all the founders who graciously gave their time in order to share their stories with us. We believe that your reflections and insights will accelerate the learning curve for the next generation of entrepreneurs in Asia. We would like to thank the respective marketing, com- munications, and public relations teams at the featured companies who coor- dinated the interviews with your founders. In particular, we would like to express our gratitude to the following founders and their teams: xii Acknowledgments Winston Damarillo, Micaela Faith Beltran, and Nina Terol of Amihan—Thank you for sharing the two-pronged approach of GlueCode, which will be of interest to founders used to setting up operations in a single country.
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