Fascinating conversation on jurisprudence and arbitration using web3.

Probably the deepest conversation in Analyse Asia.

Very deep conversation on how blockchain applies to arbitration!

Like how Bernard test Federico on the limits of Kleros!

I think great looks like a combination of a few things. We always talk about how a startup hits product market fit and then essentially gets a flywheel going in terms of value and everything. So I think 'great' at True Global Ventures from my point of view is us finding that company, that team of serial entrepreneurs and an idea that can essentially change the industry, convincing them that we as a fund can help them to grow exponentially, globally. And us actually helping them to not only close a round with us, but also to grow, and also to close the next round of funding and all subsequent rounds of funding till the ultimate exit. And having that kind of chemistry that maybe after many years later when they come back and look at us they say, 'Hey, thanks for the ride.' We really treasure what you do. And in my new startup, say for example (Because these are serial entrepreneurs that cannot usually sit still, right?) I would love for you True Global Ventures to be our investor again."  - Kelly Choo

Fresh out of the studio, Kelly Choo, the founding partner from True Global Ventures shares the backstory of how the fund came together with its investment thesis on investing in repeat serial entrepreneurs. Kelly begins with the story of his career journey as both an entrepreneur and now as an investor, and how he works with his profile companies. Last but not least, he offers his perspectives on the investment outlook for web3 and crypto companies in 2023. 

Podcast Information: The show is hosted and produced by Bernard Leong and Carol Yin. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G. Thomas Craig.

True Global Ventures & Web3 Investment Outlook in 2023 with Kelly Choo

"Mapping the world is really an infinite exercise. We're on this journey to create this digital representation of the physical world - buildings, places, things, everything. This is going to be very critical. And that extra precision, that greater resolution as we support businesses to comply with all sorts of things - be it even new regulations ... And then of course, the other key trend is the ongoing rise of AI and automation. And as you have better insights and location, that will support better optimization of supply chains and those smart cities and all sort of stuff that will lean on location technology." - Jason Jameson 

Fresh out of the studio, Jason Jameson, general manager, and senior vice president for Asia Pacific in HERE Technologies discussed the company's focus to broaden the location intelligence across the Asia Pacific and talked about the key trends in the digital map-making space. We start off with Jason's background from IBM to HERE Technologies and then dive deep into the current developments in the region. Last but not least, he shares where the digital map-making industry will be heading and how it will impact autonomous driving and smart cities in the future.   

Podcast Information: The show is hosted and produced by Bernard Leong and Carol Yin. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G. Thomas Craig.

HERE Technologies and Digital Map-Making in the Asia Pacific with Jason Jameson

"You're right. Now the US is trying very hard to get TSMC to move to the US and they're throwing money out - TSMC is going to Arizona. The CHIPS Act has been passed. That'll throw a lot of money around, but that won't be enough. In the currently announced plans - just purely what's been announced so far - I ran the numbers and estimated that TSMC's global capacity, only less than 5% would be in the US based on the currently announced plans. Now, I expect those plans to expand and broaden. They seem to have enough land and the possibility of up to four factories instead of two. They could even go to six, who knows? But even if they were to expand to the maximum of what might be possible in Arizona, I think still we'd get maybe 7% of global capacity in the US may be up to 10%. And it won't be the leading edge. The leading edge will still be in Taiwan. And that's not just for protection reasons. I think a lot of people think that all the Taiwanese don't wanna have the best in America because they're trying to hold onto it for themselves - which is true - but it's also an issue of practicality." - Tim Culpan

Fresh out of the studio, Tim Culpan, the Bloomberg columnist, joined us to discuss how the tech giants from China (Huawei, YMTC) and Taiwan (Foxconn, TSMC) are navigating a fragile global supply chain. Starting our conversation, Tim examined how Foxconn and TSMC are making key moves to ensure the resiliency of the global supply chain from contract manufacturing to semiconductors. As we moved on, Tim provided a glimpse into how the Chinese tech giants, Huawei and SMIC are addressing the same challenges and examined the key strategy for China to develop its own semiconductors. Last but not least, Tim broke down the amount of money that Warren Buffett from Berkshire Hathaway had left on the table after retreating from his recent position in TSMC.   

Podcast Information: The show is hosted and produced by Bernard Leong and Carol Yin. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in the audio format by Thomas Geoffrey Craig.

China & Taiwan Tech Giants in a Fragile Global Supply Chain with Tim Culpan

"What if you could just outsource your disputes to Kleros? Whenever users have a dispute on your platform, Kleros will select a jury to analyze the dispute. They're going to see the evidence, see the agreement between parties, and they're going to make a decision about who is right, and then Kleros informs you of the decision on your platform. And then this is enforced by the smart contract and the money. Let's say Alice wins. So she's reimbursed the money that she would pay Bob for this. So this is one example in the freelancer (space). But imagine all of these platforms that just connect to Kleros through some pipes and send disputes - and Kleros sends back decisions. So this is the vision of what Kleros is going to build. This is why we call it 'Decentralized Court' for all of the Web3 ecosystems." - Federico Ast  

Fresh out of the studio, Federico Ast, founder of Kleros returned to the podcast to share the story of Kleros over the past few years and where it is heading as a decentralized arbitration service in the web3 and crypto economy. He dived deep into the concept of proof of humanity and how it helps to resolve identity verification and explored the implications of how Kleros has transformed the legal landscape from a landmark case in Mexico resolved by the protocol to advising the United Nations. Last but not least, Federico shared the new use cases relating to tokenized physical assets with Kleros and shared what great looks like for Kleros in the future.   

Podcast Information: The show is hosted and produced by Bernard Leong and Carol Yin. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by Thomas Geoffrey Craig.

Kleros 2.0 & Decentralized Arbitration in Web3 with Federico Ast

Fresh out of the studio and this is an emergency podcast, Shai Oster from The Information discusses the fallout coming from the collapse of Silicon Valley Bank over the past weekend, and what it means for the venture capitalists and startups in Asia Pacific. We dived into what happened to Silicon Valley Bank, the aftermath of the intervention of the regulators on 12 March 2023 and what would have happened to the startup ecosystem across China, India and Southeast Asia if the US regulators did not intervene. 

Podcast Information: The show is hosted and produced by Bernard and Carol Yin. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G Thomas Craig.

Silicon Valley Bank's collapse & its impact on the Asia startup ecosystem with Shai Oster

"You talked about the market opportunity. When you look at the landscape of the billionaire population today, statistics show that you expect that population to grow by about 34% in the years to come. And from that population, at least a third is going to come from Asia Pacific, and in the next five years time, we expect Asia Pacific to be growing by about 40%. So the market is large in relation to the space of wealth to be managed. And we look at the growth of family office space in Singapore has been exponential. So between 2017 to 2019., according to the statistics, the family office space grew by five times. In 2020 at that time they were looking at around 400 family offices. By the end of 2022, it has grown to more than 800. So if you look at today, I think it is actually a very conservative estimate to say that the number of family offices in Singapore has crossed a thousand. you can easily expect it to be much more than that. So I think it's a very exciting area to be in." - Lee Wong from Lombard Odier

Fresh out of the studio, Lee Wong, head of family services from Lombard Odier and Co, joined us to discuss the firm's footprint in the Asia Pacific and the key trends in family offices across the Asia Pacific. We began with Lee Wong's background and how she entered into the private banking sector as a lawyer, specializing in the family offices industry. From there, she provided a comprehensive background on how family offices are built in the Asia Pacific, their purpose and structure with the right governance and framework to ensure their longevity. Last, but not least, Lee Wong shared the key trends in how the family offices market is growing in the Asia Pacific and what it means for the future due to the current geopolitical volatility.

Podcast Information: The show is hosted and produced by Bernard Leong. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G Thomas Craig.

Lombard Odier & Key Trends in Family Offices across the Asia Pacific with Lee Wong

"We might not have old rundown houses or shacks that are converted into brand activations, but we have boats and we have parks, and we have so many different opportunities for organizations and brands to profile themselves during South By, in interestingly different ways. When you're putting together an event like South by Southwest, I go back to what I said before about understanding what it means to different people, what industry they're from, what does success look like for them and what are their goals for the event? Right from the beginning how I've approached this and how our team has approached this and TEG, who is producing the event in Australia; We are building the stage. It's up to our creative communities to perform we're providing the platform. We're bringing everyone to Sydney. You are only limited by your imagination of what you can do or achieve." - Colin Daniels 

Fresh out of the studio, we had the pleasure of hosting Colin Daniels, the managing director of SXSW Sydney, who enthusiastically shed light on how the famous SXSW conference plans to make its debut in the Asia Pacific via Sydney. Unfolding the layers of planning and coordination involved, Colin gave us a sneak peek of what participants can look forward to - from film and music to arts, culture, technology, and innovation. Last but not least, Colin described what success would look like for the first-ever SXSW Sydney happening in October 2023. 

Podcast Information: The show is hosted and produced by Bernard Leong and Carol Yin. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by  Thomas G Craig.

How SXSW comes to Sydney with Colin Daniels

"But today, the clouds are the new silos. They're like the silos in the data centre, only they're public. But AWS is a bit of a data silo, as is Azure. We used to call it Hotel California - you can check out any time you like, but you can never leave. Right? A big part of what Snowflake does is tear down those silos to allow customers to have the data where they want it. Because if it's on Snowflake, it doesn't matter which physical infrastructure is behind it; and to share that data easily around the world, that's a major change in the whole kind of cloud-silo infrastructure problem that we're facing today.” - Jon Robertson  

Fresh out of the studio, Jon Robertson, President of Asia Pacific and Japan for Snowflake discussed the company's global vision &amp; mission and their current expansion into the Asia Pacific and Japan region. Jon discussed the customer stories and how Snowflake's cloud data platform facilitates diverse workloads, from artificial intelligence to cybersecurity. Continuing the conversation, he explored the evolving trends in the data and AI landscape, amplified by notable advances such as ChatGPT and where it is heading. Last but not least, he shared what great would look like for Snowflake in the Asia Pacific region for the next 3-5 years. 

Podcast Information: The show is hosted and produced by Bernard Leong and Carol Yin. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by Thomas G Craig.

Snowflake & Trends on Data Warehouse & AI in the Asia Pacific with Jon Robertson

"Stripe isn't just payments. We actually build economic infrastructure for the global economy. And so we've got a lot more technology beyond payments. Our Stripe Tour is a cool venue where we get a chance to bring customers, partners and thought leaders together and talk about the current state of technology and future technologies - in a local Asian context. So it's been a lot of fun. And by the way, we're really enthusiastic about Asia here at Stripe. Not only because 60 per cent of the world's population is in Asia, but also because the Asian markets are very tech-forward. And you can see that by just looking at global trends, sometimes Asian markets completely leapfrog the trends like what happened to mobile. And so you got this great market that's huge, that's really tech-forward. And there's so much innovation possible." - Mike Clayville, chief revenue officer of Stripe 

Fresh out of the studio, Mike Clayville, Chief Revenue Officer of Stripe, joined us in a conversation discussing Stripe's business in the Asia Pacific and shared invaluable insights into the evolution of financial infrastructure. Mike dived deep into how Stripe is adapting and expanding while at the same time with interesting customer stories in the Asia Pacific. He delved into Stripe's current innovations specifically on online payments &amp; financial infrastructure within the dynamic Asia Pacific region. Last but not least, Mike shared the key trends in the financial infrastructure landscape and defined what great would look like for Stripe's future in APAC. 

Podcast Information: The show is hosted and produced by Bernard Leong. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed &amp; edited in both video and audio format by Thomas G Craig.

Stripe and the Innovation of Financial Infrastructure in the Asia Pacific with Mike Clayville

“It is useful both to internal and external, but it's also a really great litmus test. If you sit down to write your public letter and you can't explain why you're doing something, if it doesn't fit in with your overarching strategy, it goes back to that first thing we said as PMs [product managers], which is sometimes you have to say no to it. You're like, I actually can't explain to anyone why we're spending time on this particular feature. It doesn't fit any of the four themes we said we're doing this year. Does that mean we have a fifth theme or does that mean we shouldn't be doing that? And that clarity and that kind of litmus test. Is really, really useful as a leader when few people say no to you.” - Tom Verrilli

Fresh out of the studio in SXSW Sydney, Tom Verrilli, former Chief Product Officer of Twitch joined us in a conversation to discuss the intricacies of product management. Tom shared his perspectives based on his experiences from navigating the delicate balance between feature addition and reduction in product roadmaps and managing normal and power users' expectations. With the recent advances in generative AI, Tom offered his insights on how this new wave will bring about changes in user behaviour and interfaces, and how it will bring about new thinking in product management. Last but not least, he laid out what great would look like for product managers in the next decade.

Author's note: We thanked SXSW Sydney and Sennheiser ANZ for the podcast stage and appreciated the opportunity to have our episode recorded live on 18 Oct 2023 in Podcast Stage, E3.6, ICC Sydney. 

Podcast Information: Bernard Leong hosts and produces the show. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G. Thomas Craig.

Analyse Asia Podcast

The Art of Product Management with Tom Verrilli

"I think in the past, we've looked more at inclusion and access, but actually we've made so much inroads over the past years. Now again, we're talking about participation because what we're seeing is that 30% of the highest spending customers who we call high-value users (HVUs) - they make up over 70% of the digital economies' transaction value. So 30% Are leading to 70% of the digital economy. We want to make sure that we don't leave users behind and we continue to drive growth and drive their participation. So we need to make sure that we are not ignoring this very important group that presents a 1.9x growth opportunity of that of high-value users. And for this reason, it's really important for us to talk about digital participation." - Sapna Chadha 

Fresh out of the studio, Sapna Chadha, vice president of Google Southeast Asia, and Florian Hoppe, partner at Bain and Company shared the key takeaways from the Google e-Conomy SEA 2023 report. Sapna and Florian discussed how start-ups are navigating the current declines in venture capital funding and introduced how high-value users presented a new way of visualizing what goes behind the digital economy in Southeast Asia. Last but not least, they discuss what great looks like for businesses in Southeast Asia. 

Episode Highlights: 
[0:00] Quote of the Day #QOTD from Sapna Chadna 
[2:00] Welcome Message from the host 
[2:48] Introduction of Sapna Chadha, Vice President, Google Southeast Asia 
[5:02] Key Takeaways of Google e-Conomy Southeast Asia Report 2023 
[8:40] Southeast Asia's economic performance against global macroeconomic headwinds 
[10:30] The one most interesting data point that Sapna and Florian found interesting about the report 
[12:50] Does the global shift in venture capital align with Southeast Asia? 
[14:00] Will high-quality start-ups still be able to raise capital in Southeast Asia? 
[15:01] Are funding declines differentiated by funding stages or by countries? 
[16:00] Can Southeast Asian VCs return capital to their LPs? 
[17:10] Advice to Southeast Asia startups in surviving the current funding winter 
[18:20] Do we see more startups focusing on monetization accelerating across the digital economy? 
[21:43] What are the potential avenues of growth for fintech companies? [24:15] Definition and Context behind High-Value Users (HVUs) in Southeast Asia 
[26:56] Comparison between HVUs and non-HVUs across different Southeast Asia economies 
[29:50] Are smartphones and digital infrastructure in tier 3 and 4 cities bringing non-HVUs online? 
[33:23] Can Southeast Asia reach 1 trillion GMV in 2030? 
[35:35] What would success look like for businesses in Southeast Asia for the next few years? 
[39:37] Closing 

Podcast Information: Bernard Leong hosts and produces the show. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed and  edited in both video and audio format by Thomas G Craig.

Decoding the e-Conomy SEA 2023 Report with Sapna Chadha and Florian Hoppe

A weekly podcast dissecting the pulse of business, technology & media in Asia. Hear our host interviewing leading journalists, senior executives, respectable authors & thinkers, entrepreneurs & thought leaders to discuss the most important issues that move and shake the business landscape in the Asia Pacific. The show is originally created and hosted by Bernard Leong.

Kleros 2.0 & Decentralized Arbitration in Web3 with Federico Ast

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