{"id":4694,"date":"2023-12-05T00:00:00","date_gmt":"2023-12-04T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=4694"},"modified":"2023-12-03T04:21:07","modified_gmt":"2023-12-02T20:21:07","slug":"daily-markup-887-khailee-on-how-government-linked-companies-and-uhnw-families-can-contribute-to-universal-basic-innovation","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=4694","title":{"rendered":"Daily Markup #887: Khailee on how government-linked companies and UHNW families can contribute to universal basic innovation"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/Iay0Eh2TUCO021UFVXFA4MUABMVTkmQRRunT9pJRTYv_cDraJaUFdZd31qgrnltRAGxaS9jXqpzEL3nmm7FoX5j92AGXDQKi7JtKr4QwPvsqyBcsuqLoxFZ5ArbEQR6doo16BNZvPzxPOAGKk2FtHlE\" alt=\"\" \/><figcaption class=\"wp-element-caption\">Photo credit: 500 Global<\/figcaption><\/figure>\n\n\n\n<p><strong>Playing catch up for startups<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cGetting more alternative pools of capital from GLCs (government-linked companies) and ultra-high-net-worth (UHNW) families who invest in venture capital funds or create their own venture capital fund is very important,\u201d shared Khailee Ng, Managing Partner, <a href=\"https:\/\/500.co\/\">500 Global<\/a>.<\/li>\n\n\n\n<li>Why? We believe in universal basic innovation and that it is everyone\u2019s right to be able to build great things. There is a funding gap for companies in Malaysia, which can be filled by new GLCs, financial institutions, and family offices investing in or becoming venture capitalists.<\/li>\n\n\n\n<li>Then, comes the question of one\u2019s knowledge to start and operate a venture capital fund. Khailee shared that is why 500 Global set up the \u2018VC Unlocked: Silicon Valley\u2019 program in collaboration with the Stanford Center for Professional Development. This educational course is for emerging leaders who want to hone their skills as venture capitalists.<\/li>\n\n\n\n<li>Taught by Stanford University faculty and 500 global leaders, the 2-week program imparts knowledge and expertise through live, interactive sessions.<\/li>\n\n\n\n<li>Retention of start-ups in Malaysia is another challenge. More often than not, Malaysian companies founded and nurtured here, then relocate to other countries.<\/li>\n\n\n\n<li>Khailee breaks retention down into a few factors: where a company\u2019s domicile or holding company is registered, where most employees are located, where most of the business\u2019 revenues are coming from, the company\u2019s headquarters location, and the nationality of the shareholders on the cap table. Solutions need to be applied to address each of these factors individually to improve retention.<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/bit.ly\/3RkSoJb\">The Edge Malaysia<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Playing catch up for startups<\/p>\n","protected":false},"author":5,"featured_media":4695,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[473],"class_list":["post-4694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-500-global"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #887: Khailee on how government-linked companies and UHNW families can contribute to universal basic innovation - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=4694\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #887: Khailee on how government-linked companies and UHNW families can contribute to universal basic innovation - Markup\" \/>\n<meta property=\"og:description\" content=\"Playing catch up for startups\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=4694\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-04T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-02T20:21:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-11-29-at-11.49.03-PM.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1278\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=4694#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-11-29-at-11.49.03-PM.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-11-29-at-11.49.03-PM.jpg\",\"width\":1920,\"height\":1278},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=4694#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=4694\",\"name\":\"Daily Markup #887: Khailee on how government-linked companies and UHNW families can contribute to universal basic innovation - 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