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Christopher Quek

👤 Speaker
638 total appearances

Appearances Over Time

Podcast Appearances

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

But this is just a really interesting story that I wanted to share that I feel very happy to note that despite earning less revenue, we're still so highly profitable. And it just speaks a little bit about the nimbleness of some of the startups that we invested in. We also have another example where we integrated a technology into one of our startup technologies into a family business.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

But this is just a really interesting story that I wanted to share that I feel very happy to note that despite earning less revenue, we're still so highly profitable. And it just speaks a little bit about the nimbleness of some of the startups that we invested in. We also have another example where we integrated a technology into one of our startup technologies into a family business.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

So basically we have another company called Agrimax. It helps to increase crop yields by 20 to 60%. And that means that if you are a farmer with the same amount of time and effort, you get 20 to 60% more food supply. Of course, the story of food security, fantastic. Check off that list. That's great.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

So basically we have another company called Agrimax. It helps to increase crop yields by 20 to 60%. And that means that if you are a farmer with the same amount of time and effort, you get 20 to 60% more food supply. Of course, the story of food security, fantastic. Check off that list. That's great.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

But I think the other great thing was that there was this particular family business that took on AgriMax technology as a client, and they started seeing more and more produce. And because of the produce that they have, they decided that they don't need to charge too high a fee to the next stage of consumers or to your wholesale distributors.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

But I think the other great thing was that there was this particular family business that took on AgriMax technology as a client, and they started seeing more and more produce. And because of the produce that they have, they decided that they don't need to charge too high a fee to the next stage of consumers or to your wholesale distributors.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

And that kind of pricing, lowered pricing, helped to really make things a little bit more affordable. Especially for this family business, they operate in a very large nation in Southeast Asia. And they decided that they will sell at a lower price of all their food produced to a certain much poorer province, if I would say.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

And that kind of pricing, lowered pricing, helped to really make things a little bit more affordable. Especially for this family business, they operate in a very large nation in Southeast Asia. And they decided that they will sell at a lower price of all their food produced to a certain much poorer province, if I would say.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

And because of the technology that Agrimax gave it to them, by helping them to increase those crop yields, it's totally helped people in that society that they could actually put more food on the table because their produce has decided to become slightly cheaper. I'm just giving a little bit of some of the very interesting things that we did not expect.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

And because of the technology that Agrimax gave it to them, by helping them to increase those crop yields, it's totally helped people in that society that they could actually put more food on the table because their produce has decided to become slightly cheaper. I'm just giving a little bit of some of the very interesting things that we did not expect.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

We more or less knew that, okay, AgriMax we invest is because you're going to see more increase in crop yields, better food supplies, everyone gets to have food on the table, that's great. But what we didn't realize that what this family business did was that it took that technology

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

We more or less knew that, okay, AgriMax we invest is because you're going to see more increase in crop yields, better food supplies, everyone gets to have food on the table, that's great. But what we didn't realize that what this family business did was that it took that technology

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

have more food, more quantity and decided to sell it cheaper to a poorer province where those villagers were now able to obtain more quantity of food for their families. So I think that was a little bit of the very interesting heartwarming stories that we see on and off here and there. And the best part about it, we're making money as well.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

have more food, more quantity and decided to sell it cheaper to a poorer province where those villagers were now able to obtain more quantity of food for their families. So I think that was a little bit of the very interesting heartwarming stories that we see on and off here and there. And the best part about it, we're making money as well.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

It's not that we are not, we are doing well, we are making money. It's just that we have made things more efficient to the way that society works in Southeast Asia. And yeah, I think that was just some of the very interesting anecdotes that we're going through our venture capital journey.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

It's not that we are not, we are doing well, we are making money. It's just that we have made things more efficient to the way that society works in Southeast Asia. And yeah, I think that was just some of the very interesting anecdotes that we're going through our venture capital journey.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

Not just investing in the company, not just helping them grow, commercialize the business, talking to the family businesses to become client, but really reaching the end consumer. Realising that the impact that we gave to the end consumer is something so significantly different now. We didn't realise that kind of ripple down effect would have been so much bigger than we thought it was.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

Not just investing in the company, not just helping them grow, commercialize the business, talking to the family businesses to become client, but really reaching the end consumer. Realising that the impact that we gave to the end consumer is something so significantly different now. We didn't realise that kind of ripple down effect would have been so much bigger than we thought it was.

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

In fact, we are talking to a second-gen family where this person is just transforming his whole family business towards FMCG, a brand. And I can't say too much yet, but when it comes, I will definitely announce that. And it's really exciting to see Southeast Asia is not only being

Chief Change Officer
#222 Inheritance? No Thanks. Chris Quek’s Boldest Bet Yet – Part 2

In fact, we are talking to a second-gen family where this person is just transforming his whole family business towards FMCG, a brand. And I can't say too much yet, but when it comes, I will definitely announce that. And it's really exciting to see Southeast Asia is not only being