關於 startup founder shares ，我們在網路上蒐集到這些相關的討論、資訊與評價

【Lesson #1 - On picking co-founders】

Co-founder disputes are often the crux of any startup failure. You’ll likely be constantly relying on each other for tactical and emotional support for the better half of 10 years. That’s why picking the right one is paramount in building a successful startup. To help share some insights on this topic, I spoke with Alan Chan, the Co-founder and CEO of Omnichat (AW#16), an HK-based company that provides a chatbot plugin for e-commerce sites to automate marketing and improve customer conversions. Looking back on his excruciating decision to replace a co-founder previously, Alan shares his thoughts on what you should look for when seeking out a co-founder and how to properly vet for commitment and establish trust from the get-go.

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I started my company in early 2017 and released the MVP shortly thereafter. I handled all the BD efforts in the beginning, cold calling hundreds of what we in Hong Kong call “upstairs” stores (boutique retail shops located in high rise buildings) to test out my product, until I eventually got 200 users onboard. Despite the fact that the initial version was filled with bugs, 20% of the users still came back every month to use our product. So, I thought it was the right time to find a co-founder to accelerate our BD efforts and overall handle the business side of things while I hunkered down on the product.

I chose my best friend of 20 years as my first co-founder. But it ultimately didn’t work out. It was probably around the time of when we joined AppWorks Accelerator #16 in March 2018 where we kept butting heads and it became evident that our expectations for the business and overall commitment were misaligned. Ending our working relationship was one of the most difficult decisions that I’ve had to make in my life. In retrospect, I missed some things. I was the one who convinced him to quit his job, but I also failed to adequately evaluate whether or not he’d be suitable for the startup lifestyle and the commitment that he was willing to make. It’s not normal work that we do; we don’t have set hours or a salary, and we need to grow very fast and constantly go knocking on people’s doors for money or business while failing a thousand times in the process.

Being a founder can be incredibly frustrating and disheartening for anyone without a strong resolve. I was of course quite naive back then. I had already generated some traction and painted a very rosy picture. I thought it would be easy to scale up once we got some investor money—little did I know haha. But at the end of the day, even beyond complementary skill sets, the most important thing between co-founders is trust. It’s better to have some sort of working relationship before, as only then will you see how they behave under stress and react to criticism and setbacks. If you don’t have a prior working relationship, then go through some sort of trial period or co-work on a few projects to properly understand each other’s working and communication styles. Just like in dating, you’ll need to go on a few dates to properly align on a few fundamental things such as shared values, interests, and commitment before tying the knot.

Applications for AW#22 are now open to founders targeting SEA, AI/IoT, or Blockchain/Defi -> https://bit.ly/2Jy1br8

Nikola รถบรรทุกไฟฟ้า ล้านล้าน ลวงโลก /โดย ลงทุนแมน
ในช่วงไม่กี่เดือนที่ผ่านมา เราอาจจะได้เห็นข่าวว่ามีหลายบริษัทที่ถูกจับทุจริต

ทั้งการโกงบัญชีของ Luckin Coffee ธุรกิจร้านกาแฟที่โตระเบิดจนมีสาขามากกว่า Starbucks
...Continue ReadingNikola, a trillionaire electric truck / by investment man.
In the past few months, we may have seen the news that many companies have been caught corrupt.

Luckin Coffee's accounting cheating, a grown-up coffee shop business explodes more branches than Starbucks.

To Kingold, a Chinese gold trading company in US stock market caught using fake gold for loan.

And recently, another company that was accused of corruption and deceiving the whole world.

That's a Nikola company that claims to produce electric and hydrogen vehicles that many people see have a chance to grow into Tesla's most important competitor, the world's most valuable car company.

Suspicious occurs because the founder of Trevor Milton has announced his sudden resignation after being accused of corruption for only 10 days.

This whole thing is pressure on Nikola company's shares falling from the highest point in June this year. Over 79 %

So what did Nikola do to be suspicious of corruption?
Investment man will tell you about it.
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First let's get to know the other important character of this story. That's Hindenburg Research.

This company does a corrupt business. It's going to make huge profit from Short Sell or borrowing shares of companies that are likely to be pre-sell.

Back to the beginning of this year, Muddy Waters Research was one of the corrupted companies who took huge profit from Short Sell after they caught Luckin Coffee cheating on their record of over-sales.

Hindenburg Research has Short Sell, Nikola Stocks, and has published a 76 page long report to show proof that Nikola is running a world-wide business.

Nikola was founded in 2014 with a mission to build automotive, polluting with electric battery technology with hydrogen from the company's research and development.

With clean energy the world's investment theme, including seniors like Tesla, can achieve huge success to the value of increasingly becoming the world's most valuable car company.

Nikola is easy to earn credibility and magnetism. Investors are attracted to fundraising quickly. Fast to the Stock Exchange. After only 6 years of business.

So how much does Nikola earn now?

If we come to see the results of Nikola company.

First 6 months, year 2019 Income 4 million baht. Lost 1,477 million baht.
First 6 months, year 2020 Income 3 million baht. Lost 4,198 million baht.

Interesting is Nikola's income we see coming from another business.
Because the company actually has income from selling automotive is 0 baht..

And this is because Nikola hasn't sold a car yet because the company can't produce a really viable car. Only the prototype is still under the testing. Expected to start manufacturing by 2021

Although Nikola hasn't sold any cars yet, you know that Nikola has reached 1.1 trillion baht more than Ford, the company that sold 5.5 million cars in the past year.

Such value is the expectation of investors who believe in electric and hydrogen battery technology that can make Nikola a blast. No different than Tesla can do.

But it seems like none of these things are true..

One of the key points Hindenburg Research accuses Nikola is that this company doesn't have its own technology, but only hires other manufacturers to produce.

By some reports, Nikola has gone to order inverter, an electric truck component from Cascadia.

But after Nikola took the car out, the company claimed that the inverter was a technology manufactured by the black tape to close the Cascadia brand..

And the latest case Nikola just announced to redeem 11 % of his own company's shares in exchange for hiring GM to produce a car.

There are many investors starting to see that Nikola's technology used to produce is almost from all GM.

Apart from technology that the company is accused of

Over the time, Trevor Milton, the founder of the company, has been suspicious. Changing the launch of the model car to be manufactured into a show of just a running model car. Plus, open for the reservation to pull money into the company.

And recently after Nikola was attacked by Hindenburg Research company.

Instead, the founder of a company like Trevor Milton brought evidence to confirm transparency and confidence that the company was in the right direction, but he announced his resignation almost immediately..

The story of Trevor Milton has been linked to Elizabeth Holmes, the former owner of a single drop of blood startup, changed the world Theranos who haunted the world a few years ago.

Nikola used to have a company worth of 1.1 trillion baht after entering the stock market successfully within a month.

But today, the company's value has fallen to 2.3 billion Baht. It's a 79 % fall.

Which if Hindenburg Research reports are true.
Worth 2.3 hundred thousand baht. It should be too much.
Because the true value of this company may just be emptiness..
╔═══════════╗
Blockdit is a platform of source of thinkers
Helping to update the situation in video article formats
Including the podcast to listen to on the go.
Try it out at Blockdit.com/download
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Follow the investment man at
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References
-https://www.cnbc.com/2020/09/14/nikola-details-false-and-misleading-information-of-short-sellers-fraud-claims.html
-https://www.cnbc.com/2020/09/08/general-motors-takes-11percent-stake-and-2-billion-in-equity-in-electric-truck-maker-nikola-.html
-https://hindenburgresearch.com/nikola/
-https://swarajyamag.com/news-brief/touted-as-next-tesla-electric-vehicle-startup-nikola-is-now-drawing-comparison-with-theranos-for-fraudulent-misrepresentation
-https://electrek.co/2020/09/14/nikola-nkla-admits-faking-video-driving-prototype-weak-response/Translated

Over the past few months, we have been working closely with Tech in Asia to produce a documentary called “Crossing Borders,” which tells a story about the Greater Southeast Asia (ASEAN + Taiwan) startup ecosystem and some of the founders who make tech innovation happen here.

The story is complex. As varied as Southeast Asia is, its founders are even more varied.

This short video introduces you to three of these founders whose journeys have taken them to Taiwan.

Joel Leong (AW#13) -- co-founder of ShopBack, the region’s largest cash-back rewards platform, which is based in Singapore and has an R&D team in Taiwan

Jin-Ni Gan (AW#19) -- A Malaysian founder who lives in Singapore, Jin-Ni founded a micro-mobility startup called Telepod, which seeks to enable better transportation options, and a cleaner environment

Hai Ho (AW#18) -- A blockchain-focused founder based in Vietnam, Hai created Triip, which seeks to help residents of the region travel to places that are not normally on the typical tourist maps

The video is a good primer for showing some of the reasons why Southeast Asia founders launch here, or explore the market dynamics of this thriving country. Among them are:

* Mobile penetration rates that rank among the largest in Asia

*A digital economy and strong e-commerce legacy worth north of US$42 billion GMV per year

*Large pockets of SEA communities in cities like Taipei, which include a demographic that spans the Philippines, Vietnam, and Indonesia (in fact there are over 80,000 Vietnamese in Taiwan)

*A population of engineering graduates numbering over 25,000 per year which many startups turn to for their backend and front end engineering development

*And don’t forget the many global technology companies, like Google and Microsoft, that have staged R&D practices here

For many founders out there who do not think of Taiwan as a tech-forward, e-economy-driven country, which shares similarities to the SEA ecosystem, this video and these facts may be an eye-opening experience.

If you are a founder in Southeast Asia, or a founder working on AI / Blockchain and would like to belong to a community of founders who work together to solve critical problems, apply for our next cohort, AppWorks Accelerator #21.

Applications can be found here: https://bit.ly/3e4YHdo

The COVID19 pandemic has been a challenging experience for many founders, but it has not slowed many of them down. Stay tuned for a follow up video we produced showing how founders in Southeast Asia have dealt with COVID19 and regional lockdown.

You can find our interview with Lucas Ngoo, Co-founder of Carousell here: https://youtu.be/nRs_IZianfs

Doug Crets
English Communications Master, AppWorks Accelerator

#founders #COVID19 #GSEA #TaiwanCanHelp

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