{"id":80,"date":"2021-04-05T00:00:00","date_gmt":"2021-04-05T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-226-insights-on-tech-talent-by-glints-xfers-xsgd-now-third-largest-tokenized\/"},"modified":"2021-08-03T08:56:40","modified_gmt":"2021-08-03T08:56:40","slug":"durians-daily-226-insights-on-tech-talent-by-glints-xfers-xsgd-now-third-largest-tokenized","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=80","title":{"rendered":"Daily Markup #226: Insights on tech talent by Glints; Xfers\u2019 XSGD now third-largest tokenized currency in the world; Bukalapak\u2019s FMCG collaborations"},"content":{"rendered":"<p><strong>A tool in tech<\/strong><\/p>\n<ul>\n<li>500-backed recruitment platform <a href=\"https:\/\/glints.com\/\" target=\"_blank\" rel=\"noopener\">Glints<\/a> released a <a href=\"https:\/\/ebook.glints.com\/techtalentreport2021\/\" target=\"_blank\" rel=\"noopener\">Southeast Asia Tech Talent Compensation Report<\/a>, from an analysis of over 1,000 data points, survey of 175 employees, and interviews with more than 20 founders in Singapore, Indonesia, and Vietnam.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"643\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dad630258.jpg\"><figcaption class=\"wp-caption-text\">Credit: TechCrunch<\/figcaption><\/figure>\n<ul>\n<li>According to the founder interviews, base salaries have at least doubled since 2016, with technical roles (product, data science, engineering) earning 54% more than non-technical roles (marketing, operations, sales, finance).<\/li>\n<li>Salary differences for senior roles relative to junior roles were the highest in Vietnam for both tech and non-tech talent compared to Singapore and Indonesia, suggesting strong potential for upward salary growth within the Vietnamese tech sector.<\/li>\n<li>Oswald Yeo, co-founder and chief executive officer of Glints, told <a href=\"https:\/\/techcrunch.com\/2021\/03\/30\/monks-hill-ventures-and-glints-on-how-southeast-asian-startups-can-cope-with-the-regions-talent-crunch\/\" target=\"_blank\" rel=\"noopener\">TechCrunch<\/a> that many startups were building regionally distributed engineering hubs before COVID-19 because there was not enough talent in Singapore. Now, even more founders have become open to remote teams because of the pandemic. This also lays the groundwork for regional expansion.<\/li>\n<li>Download the full report <a href=\"https:\/\/ebook.glints.com\/techtalentreport2021\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>A boost in blockchain<\/strong><\/p>\n<ul>\n<li>More than two years have elapsed since the initial discussion between blockchain platform Zilliqa and 500-backed fintech startup <a href=\"https:\/\/www.xfers.com\/\" target=\"_blank\" rel=\"noopener\">Xfers<\/a>. Now, the tokenized Singapore dollar (XSGD), built on the Zilliqa blockchain, is the <a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/zilliqa-utility-hits-new-milestones-while-zil-price-prepares-for-45-blast-off-202103231119\" target=\"_blank\" rel=\"noopener\">third-largest tokenized currency<\/a> after the US dollar and the euro.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1200\" data-height=\"720\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dad680b32.jpg\"><figcaption class=\"wp-caption-text\">Credit: CoinGeek<\/figcaption><\/figure>\n<ul>\n<li>Under a Monetary Authority of Singapore (MAS) license, Xfers can mint unlimited amounts of <a href=\"https:\/\/en.prnasia.com\/releases\/apac\/xfers-announces-the-public-release-of-singapore-dollar-stablecoin-xsgd-on-its-platform-293866.shtml\" target=\"_blank\" rel=\"noopener\">XSGD tokens<\/a>. Each XSGD token is fully backed one-for-one by the Singapore Dollar (SGD) and represents one SGD.<\/li>\n<li>New developments around the Zilliqa blockchain are gaining traction and could positively affect ZIL price in the short term.<\/li>\n<li>Read the full article on FXStreet <a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/zilliqa-utility-hits-new-milestones-while-zil-price-prepares-for-45-blast-off-202103231119\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>Support for stalls<\/strong><\/p>\n<ul>\n<li>500-backed e-commerce startup <a href=\"https:\/\/www.bukalapak.com\/\" target=\"_blank\" rel=\"noopener\">Bukalapak<\/a> announced a series of <a href=\"https:\/\/blog.bukalapak.com\/berita\/bukalapak-collaborates-with-market-leaders-in-fmcg-in-indonesia-114216\" target=\"_blank\" rel=\"noopener\">collaborations with multiple Indonesian FMCG companies<\/a>, including Unilever, Danone, and Coca-Cola Amatil.<\/li>\n<li>Under this agreement, all signatories commit to focusing on distribution services and stock availability for Mitra Bukalapak partners, including:<\/li>\n<\/ul>\n<ol>\n<li>Effective and faster distribution process and stock availability for 7 million Mitra Bukalapak throughout Indonesia<\/li>\n<li>More affordable sales prices for daily necessities to empower Mitra Bukalapak partners to get better sales results<\/li>\n<\/ol>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1024\" data-height=\"683\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dad6e7329.jpg\"><figcaption class=\"wp-caption-text\">Credit: KrAsia<\/figcaption><\/figure>\n<ul>\n<li>This is a boost to Bukalapak\u2019s efforts in accelerating the digitalization of traditional stalls. \u201cWe are optimistic that this collaboration can further improve our services to Mitra Bukalapak, which will also strengthen the service quality of Mitra Bukalapak to their customers,\u201d said Howard Gani, CEO of Buka Mitra Indonesia.<\/li>\n<li>Read the full announcement on Bukalapak <a href=\"https:\/\/blog.bukalapak.com\/berita\/bukalapak-collaborates-with-market-leaders-in-fmcg-in-indonesia-114216\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dad7935ea.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A tool in tech 500-backed recruitment platform Glints released a Southeast Asia Tech Talent Compensation Report, from an analysis of over 1,000 data points, survey of 175 employees, and interviews with more than 20 founders in Singapore, Indonesia, and Vietnam. Credit: TechCrunch According to the founder interviews, base salaries have at least doubled since 2016, [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2038,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[354,346,386],"class_list":["post-80","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-bukalapak","tag-glints","tag-xfers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #226: Insights on tech talent by Glints; Xfers\u2019 XSGD now third-largest tokenized currency in the world; Bukalapak\u2019s FMCG collaborations - 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=80\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #226: Insights on tech talent by Glints; Xfers\u2019 XSGD now third-largest tokenized currency in the world; Bukalapak\u2019s FMCG collaborations - Markup\" \/>\n<meta property=\"og:description\" content=\"A tool in tech 500-backed recruitment platform Glints released a Southeast Asia Tech Talent Compensation Report, from an analysis of over 1,000 data points, survey of 175 employees, and interviews with more than 20 founders in Singapore, Indonesia, and Vietnam. 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