Christopher Quek
๐ค SpeakerAppearances Over Time
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So I think this is just a little bit of a personal want that I really want to see in my vision down the road is like a whole group of next generation entrepreneurs running together side by side with me, helping each other out, whether they are from Malaysia, Indonesia, Thailand or Philippines and sharing best practices so that businesses start to grow and they can make a very positive impact back to the people of Southeast Asia.
So I think this is just a little bit of a personal want that I really want to see in my vision down the road is like a whole group of next generation entrepreneurs running together side by side with me, helping each other out, whether they are from Malaysia, Indonesia, Thailand or Philippines and sharing best practices so that businesses start to grow and they can make a very positive impact back to the people of Southeast Asia.
If I may just do a small comparison where against Europe versus Southeast Asia, they got quite a very similar kind of economic situation of fragmented natures, different economic activity. I would say different levels of economic development around, if I put that into context. And Europe is what I call a very established and developed way of family, intergenerational family businesses.
If I may just do a small comparison where against Europe versus Southeast Asia, they got quite a very similar kind of economic situation of fragmented natures, different economic activity. I would say different levels of economic development around, if I put that into context. And Europe is what I call a very established and developed way of family, intergenerational family businesses.
A number of them have reached maybe six to seven generations by now. Some of them, like the Vinyard families, are 14 generations. But when you look back here into Southeast Asia, it is still very young. At most, like the Indonesians, it has moved down to the fourth generation and
A number of them have reached maybe six to seven generations by now. Some of them, like the Vinyard families, are 14 generations. But when you look back here into Southeast Asia, it is still very young. At most, like the Indonesians, it has moved down to the fourth generation and
The context here that you will see is that the next-gen business owners are having very different challenges from that of their parents. And the unfortunate thing is that the parents are also very new as entrepreneurs. The evolution of how family businesses are in Southeast Asia versus Europe is still very nascent at this point. So what are the very interesting challenges?
The context here that you will see is that the next-gen business owners are having very different challenges from that of their parents. And the unfortunate thing is that the parents are also very new as entrepreneurs. The evolution of how family businesses are in Southeast Asia versus Europe is still very nascent at this point. So what are the very interesting challenges?
I actually have a network of over 300 family business owners across Southeast Asia. And there's always these common themes that starts first. Number one, how do I talk to my parents? How do I have a good working relationship with my parents and a family relationship back at home? Number two, I don't like the way that my parents are doing things and I need to transform this business.
I actually have a network of over 300 family business owners across Southeast Asia. And there's always these common themes that starts first. Number one, how do I talk to my parents? How do I have a good working relationship with my parents and a family relationship back at home? Number two, I don't like the way that my parents are doing things and I need to transform this business.
How do I convince my parents I can transform this business well? And what do I do next to transform this business to make sure that it survives and is in tune with the current trends and interests? And so it leads down to one, What I'm doing right now is a venture capitalist at Thrice.
How do I convince my parents I can transform this business well? And what do I do next to transform this business to make sure that it survives and is in tune with the current trends and interests? And so it leads down to one, What I'm doing right now is a venture capitalist at Thrice.
And basically for us, our goal is to be that bridge between family businesses and technology startups with very good solutions and to actually add on these technology solutions into the family businesses. So I'm actually, you put it this way, we're creating a little interesting ecosystem where Thrive is really invested by the family businesses.
And basically for us, our goal is to be that bridge between family businesses and technology startups with very good solutions and to actually add on these technology solutions into the family businesses. So I'm actually, you put it this way, we're creating a little interesting ecosystem where Thrive is really invested by the family businesses.
It is for the family businesses because the startups that we bring in, the technologies that bring in are being integrated into the family's operations itself. Just a little bit of that element that we are seeing here is that we understand the challenges that these next-gens are facing.
It is for the family businesses because the startups that we bring in, the technologies that bring in are being integrated into the family's operations itself. Just a little bit of that element that we are seeing here is that we understand the challenges that these next-gens are facing.
We do, number one, the solution, which is, of course, the technical solutions, getting the startups to support them. But the next step that we also get involved with them is also counselling them, advising them and showing them best practices of how other next-gens do it.
We do, number one, the solution, which is, of course, the technical solutions, getting the startups to support them. But the next step that we also get involved with them is also counselling them, advising them and showing them best practices of how other next-gens do it.
Thank you very much for affirming and endorsing this model, Vince. It speaks a lot of weight when you share that with me. And it helps to affirm that what we're doing is right. In fact, I would have to admit to you that while that is our major goal, is to build this whole ecosystem of next-gen, we also have a little bit of our fun. Where we get to pick on kind of pet projects that
Thank you very much for affirming and endorsing this model, Vince. It speaks a lot of weight when you share that with me. And it helps to affirm that what we're doing is right. In fact, I would have to admit to you that while that is our major goal, is to build this whole ecosystem of next-gen, we also have a little bit of our fun. Where we get to pick on kind of pet projects that