DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Some say governments are hard to work with.
Some say corporates are harder to work with.
I say anyone is hard to work with if you don’t have alignment and trust.
Can governments and startups ever work together effectively?
I did a panel session on Techstars Startup Day a while back.
The subject was about “Working with Governments To Build Sustainable Ecosystems Together”.
What should be the government role in a sustainable startup ecosystem?
Nurturing, seeding, helping, supporting all players as much as possible
Being a beacon of hope and possibilities, rallying the players to come together and support one another
Providing grants for founders, accelerators, VCs and related industries to spur research and development
However, do note that it is not sustainable for the gov to keeping bolstering, bleeding money to support everything, everyone, all at once and in perpetuity
What does a successful partnership between ecosystem players and governments look like?
When objectives are aligned, milestones are hit and more startups flourish over a longer time horizon
The litmus test for whether the government is doing a good job is when you see more startups across the different stages flourishing
How do organizations like StartupX work with government institutions successfully?
Start with understanding and aligning core objectives
For eg. the government wants to boost more accelerators in SG, what they really want is to provide quality support for slightly more mature startups to continue growing and in turn help the entire ecosystem
A possible solution is not just to think of downstream, but going further upstream to seed more founders and interest in the space in general
Patience and communications — gov works a little slower and there are ways to communicate for effect
Other than the government, what else does a sustainable startup ecosystem need?
Government, Founders, Funding, Universities and more founders
You can never have enough founders, so more founders is always a good thing
Startup ecosystem isn’t a database on a blockchain or an engine in a machine shop, it is a living breathing ever-adjusting amorphous organic entity that resembles a network of interconnected people
Its not all roses and sunshine, there are challenges too.
What the working level wants and can do can be dramatically different from what their bosses at the management level wants.
They may think and plan long term, but operate on a short term basis. Ultimately, they have to show results and results are due at the end of every financial year or for civil servants, when their bonuses are due i.e. performance review season.
The money is there, but unless you fall squarely into the criteria and fit into what they are exactly looking for, you wont get it.
Testing, pilots, trials, and one-off projects that takes huge effort to kickstart and dies off prematurely.
So for anyone out there working or thinking of working with corporates and governments, having a good understanding of what it takes and going in eyes wide open is crucial.
-
Who is harder to work with? Governments, Corporates or Startups?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #bitcoin #government #lessons #corporates #innovation
Some say governments are hard to work with.
Some say corporates are harder to work with.
I say anyone is hard to work with if you don’t have alignment and trust.
Can governments and startups ever work together effectively?
I did a panel session on Techstars Startup Day a while back.
The subject was about “Working with Governments To Build Sustainable Ecosystems Together”.
What should be the government role in a sustainable startup ecosystem?
Nurturing, seeding, helping, supporting all players as much as possible
Being a beacon of hope and possibilities, rallying the players to come together and support one another
Providing grants for founders, accelerators, VCs and related industries to spur research and development
However, do note that it is not sustainable for the gov to keeping bolstering, bleeding money to support everything, everyone, all at once and in perpetuity
What does a successful partnership between ecosystem players and governments look like?
When objectives are aligned, milestones are hit and more startups flourish over a longer time horizon
The litmus test for whether the government is doing a good job is when you see more startups across the different stages flourishing
How do organizations like StartupX work with government institutions successfully?
Start with understanding and aligning core objectives
For eg. the government wants to boost more accelerators in SG, what they really want is to provide quality support for slightly more mature startups to continue growing and in turn help the entire ecosystem
A possible solution is not just to think of downstream, but going further upstream to seed more founders and interest in the space in general
Patience and communications — gov works a little slower and there are ways to communicate for effect
Other than the government, what else does a sustainable startup ecosystem need?
Government, Founders, Funding, Universities and more founders
You can never have enough founders, so more founders is always a good thing
Startup ecosystem isn’t a database on a blockchain or an engine in a machine shop, it is a living breathing ever-adjusting amorphous organic entity that resembles a network of interconnected people
Its not all roses and sunshine, there are challenges too.
What the working level wants and can do can be dramatically different from what their bosses at the management level wants.
They may think and plan long term, but operate on a short term basis. Ultimately, they have to show results and results are due at the end of every financial year or for civil servants, when their bonuses are due i.e. performance review season.
The money is there, but unless you fall squarely into the criteria and fit into what they are exactly looking for, you wont get it.
Testing, pilots, trials, and one-off projects that takes huge effort to kickstart and dies off prematurely.
So for anyone out there working or thinking of working with corporates and governments, having a good understanding of what it takes and going in eyes wide open is crucial.
-
Who is harder to work with? Governments, Corporates or Startups?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #bitcoin #government #lessons #corporates #innovation
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