Christopher Quek
👤 SpeakerAppearances Over Time
Podcast Appearances
and i realized that it is really essential is to understand the dna of the entrepreneurs which are mainly the next generation of entrepreneurs and to really expand on that vision to really incorporate them as part of this whole regional vision as i call it where we are starting to
and i realized that it is really essential is to understand the dna of the entrepreneurs which are mainly the next generation of entrepreneurs and to really expand on that vision to really incorporate them as part of this whole regional vision as i call it where we are starting to
how do I say, mentor, guide, build up this next-gen entrepreneurs with the latest technologies, the latest kind of mindset, and to really make sure that they have a certain set of very good values that they can follow, for example, the ESG value set. that will really change the way that Southeast Asia is being developed.
how do I say, mentor, guide, build up this next-gen entrepreneurs with the latest technologies, the latest kind of mindset, and to really make sure that they have a certain set of very good values that they can follow, for example, the ESG value set. that will really change the way that Southeast Asia is being developed.
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.
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.
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 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 intergenerational family businesses.
A number of them have reached maybe six to seven generations by now. Some of them, like the Binyard 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 Binyard 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 on to what I'm doing right now as 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 on to what I'm doing right now as 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, if 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, if you put it this way, we're creating a little interesting ecosystem where Thrive is really invested by the family businesses.