{"id":3411,"date":"2022-08-03T13:42:31","date_gmt":"2022-08-03T05:42:31","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=3411"},"modified":"2022-08-03T13:42:32","modified_gmt":"2022-08-03T05:42:32","slug":"daily-markup-559-vishals-uplifting-view-of-the-downturn-haulio-is-people-first-in-a-tech-led-industry-efishery-on-being-climate-change-resilient","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=3411","title":{"rendered":"Daily Markup #559: Vishal\u2019s uplifting view of the downturn; Haulio is people-first in a tech-led industry; eFishery on being climate change resilient"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/h8Dt2z46xSkuds1ANpqyMMeGZyW7pg9-hWEiXLEnvTSlTjnEDUh-XSsTdNulfyOSVYDaR03BpE38e5qdnc3_uMFctdYUMflaLvhYSeo40ThIaoEzqib-NyXYPXy0w7RDWuZV7Km47JGEWn4SZdaMn2c\" alt=\"\" \/><figcaption>Credit: 500 Global<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A contrarian\u2019s advice for founders<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u201c<a href=\"https:\/\/www.techinasia.com\/recession-run-500-globals-investment-plan-sea\">It\u2019s not all doom and gloom<\/a>,\u201d said <a href=\"http:\/\/500.co\/\">500 Global<\/a> Managing Partner Vishal Harnal of the startup ecosystem. \u201cIt\u2019s just that the narrative is so overwhelming that the markets are down that it drowns out the fact that fundraising is taking place.\u201d<\/li><li>While it may take founders longer to raise funding, Vishal shared that 500 Southeast Asia is writing larger checks to provide early-stage companies with capital for at least 18 to 24 months of runway, allowing them to delay their next fundraising round to focus on key company-building activities.<\/li><li>\u201cDuring downturns, it seems like the world is falling apart. The news cycle is horribly negative with stories of layoffs, downrounds, controversy, shutdowns, and fear. But we invest with decade-long time horizons. It gives us the benefit of taking a much longer term view and allows us to see downturns for what they really are \u2013 market cycles that will continue to happen. They don\u2019t shake us and we support founders with that confidence,\u201d he added.<\/li><li>His advice for founders? \u201cThere\u2019s a playbook for bull markets, and another playbook for bear markets. A different approach needs to be taken to build and grow companies in each of these markets, and the ability to switch between these two playbooks is the survival skill every founder must possess.\u201d<\/li><li>Read the <a href=\"https:\/\/www.techinasia.com\/recession-run-500-globals-investment-plan-sea\">full interview in Tech in Asia<\/a> to find out why 500 is writing larger checks, what themes we are investing in, and more. A subscription may be required.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/Lyf911bsgaZMQki0ZqQmkLgzFnmhOEBg3lrn-UJ85Dm1mMJpCLT9TiND5odeMQjAguWS1M0BEzb-1GB09CXevMYLVcUurV13xh96HTSANj5xNlKSuqAY7NvX1cE3gN5kuRGGBABjZ-gDThO1j70D1kE\" alt=\"\" \/><figcaption>Credit: Haulio<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Customer is king, but talent is everything<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Speaking of layoffs and the downmarket, 500-backed logistics startup <a href=\"https:\/\/haulio.io\/\">Haulio<\/a>\u2019s people-first principle has <a href=\"https:\/\/employers.glints.com\/en-sg\/blog\/how-a-people-first-approach-helped-haulio-improve-business-operations-while-retaining-tech-talent\/\">created a positive work environment that is attracting and retaining tech talent<\/a>.<\/li><li>Haulio could have just hired more people to get things going. But the team saw this as an opportunity to overhaul and simplify their workflows. Haulio believes it is important to give employees room to come up with solutions independently, allowing them to cultivate a sense of ownership and increase their sense of belonging to the company.<\/li><li>\u201cBeing a smart team is not only about finding ways to help our employees be a lot more effective in delivering value to our customers, but also about helping our own team achieve a better worklife balance,\u201d said Sebastian Shen, Co-founder &amp; Chief Product Officer.<\/li><li>Read the full story <a href=\"https:\/\/employers.glints.com\/en-sg\/blog\/how-a-people-first-approach-helped-haulio-improve-business-operations-while-retaining-tech-talent\/\">here<\/a>.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/sjtn-6_pRf01bkvCG54os8luWlZhMMZ21ui7e82ksHMjBrNrZRoo3vwIjnfFzfWAHajDYew8gmpXmA2RIarYLEIpIXOVI3MGd8obpj-UVS-uPTEwgLgbPx_wJbnrxoACCTXIkeuurVHrQIpQVlNs8gg\" alt=\"\" \/><figcaption>Credit: Bloomberg<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Food security for the win<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Climate change is real \u2014 heatwaves and wildfires are killing crops all over the world. So, it\u2019s no surprise that investors are doubling down on <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-25\/singapore-s-290-billion-fund-temasek-is-helping-avert-a-food-crisis\">startups that are addressing global food security concerns<\/a>.<\/li><li>One such startup is 500-backed aquaculture company <a href=\"https:\/\/www.efishery.com\/\">eFishery<\/a> in Bandung, Indonesia. Co-founder and CEO Gibran Huzaifah, took aquaculture as a subject in school because it had the reputation of being an easy \u2018A\u2019 grade. He ended up being inspired to start his own fish farm and discovered how delicate the process of fish farming is. Too little feed and growth was stunted; too much and the fish could die.<\/li><li>A monthly subscription fee to eFishery provides farmers with an automated dispenser powered by smart feeding technology. They can also sell their produce via a smartphone app that offers higher prices than most distributors.<\/li><li>Read the full story on climate-resilient investments on <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-25\/singapore-s-290-billion-fund-temasek-is-helping-avert-a-food-crisis\">Bloomberg<\/a>.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A contrarian\u2019s advice for founders \u201cIt\u2019s not all doom and gloom,\u201d said 500 Global Managing Partner Vishal Harnal of the startup ecosystem. \u201cIt\u2019s just that the narrative is so overwhelming that the markets are down that it drowns out the fact that fundraising is taking place.\u201d While it may take founders longer to raise funding, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3412,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[473,351,340],"class_list":["post-3411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-500-global","tag-efishery","tag-haulio"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #559: Vishal\u2019s uplifting view of the downturn; 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