Much deserved for the couple. Building a real deal e-commerce, gaming and fintech giant in ASEAN. It took DBS, SIA, Capital land 30-40 years + copious govt help to be worth >20-50b sgd. SEA has done it within half the time and has much more room to grow. To me this is proof that private entrepreneurial energy and drive is the best way for SG economy to thrive into the future. We need many more such stories and our economy will be much better off for it. Singapore Inc shouldn’t envy them, we instead should embrace them for the value they create for our country. For founders seeking to follow their footsteps and the footsteps of Razer and grab etc, it’s now shown to be possible. But you need real crazy attitude, real profits and cashflow. No fluff, no bullshit. Embrace the cut throat competition and make the business your obsession. That’s the only way to win at that level.
Correct if I am wrong, the founders laid off employees , P&L is net loss millions and still buying 42m bunglow?
Absolutely! Embracing a "crazy attitude" and focusing on real profits are key. Remember what Aristotle said - excellence is not an act, but a habit. The journey of SEA illustrating that dedication and innovative thinking pave the way to unprecedented success. Keep pushing boundaries! 💪🚀
Absolutely, creating a giant in ASEAN requires dedication and drive. Private entrepreneurship is key for SG's future economy
~ Absolutely impressive. I recall meeting the SEA folks when they were still Garena and now they have since added 2 more verticals.
Not sure if satire...
The story of Forrest Li is even more interesting when he failed with the first tranche of angle funds and the same investors double down on him as he pivots & reframe!
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Well said
Well said. Rahul Daswani
CEO SCALA. Serial entrepreneur. Inventor of the world's ONLY behaviour-based growth mindset assessment.
3moTo be fair, DBS, SIA and Capital Land are all operating in very capital intensive and regulated industries. They were also established decades ago where there was no Internet. For SEA, they are leveraging the disruptive nature of the Internet and e-commerce during the time of boom. They are asset-light, playing a Connectivity game. I do not begrudge their success, and applaud them for being prescient in the face of technological disruption. But if they had begun their business 5 decades ago, they won't be where DBS et al are. So kudos to all the success stories in each economic era; but never the Twain shall they all meet.