{"id":95,"date":"2021-03-15T00:00:00","date_gmt":"2021-03-15T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-211-investax-launches-a-worlds-first-why-the-tech-world-needs-more-women-a\/"},"modified":"2021-08-03T08:56:49","modified_gmt":"2021-08-03T08:56:49","slug":"durians-daily-211-investax-launches-a-worlds-first-why-the-tech-world-needs-more-women-a","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=95","title":{"rendered":"Daily Markup #211: InvestaX launches a world\u2019s first; Why the tech world needs more women; A working mom\u2019s journey at Grab"},"content":{"rendered":"<p><strong>A digital breakthrough<\/strong><\/p>\n<ul>\n<li>500-backed <a href=\"https:\/\/investax.io\/\" target=\"_blank\" rel=\"noopener\">InvestaX<\/a>, a licensed digital securities issuance, investments, and trading platform has <a href=\"https:\/\/blog.investax.io\/worlds-1st-digital-spac\/\" target=\"_blank\" rel=\"noopener\">launched the world\u2019s first Digital SPACs<\/a> (special purpose acquisition companies) using smart contracts and blockchain technologies.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1600\" data-height=\"926\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db7e1d822.jpg\"><figcaption class=\"wp-caption-text\">Credit: Asia Blockchain Review<\/figcaption><\/figure>\n<ul>\n<li>A SPAC is essentially a shell company set up by investors with the sole purpose of raising money through an \u201cIPO\u201d to eventually acquire another company. It does not have operations or assets\u200a\u2014\u200ait just holds the investment in escrow until an acquisition occurs. The \u201cdigital\u201d represents the shares of the SPAC, which are issued in tokens.<\/li>\n<li>Compared to traditional SPACs, the startup will offer a flexible alternative that is faster and lower in cost. More importantly, it will bring much needed capital to earlier stage start-ups in new industries, as well as greater transparency and better terms for investors.<\/li>\n<li>InvestaX will also open source the smart contract code for the Digital SPAC to bring greater openness, velocity, interoperability, and global distribution.<\/li>\n<li>Get more details in the full announcement <a href=\"https:\/\/blog.investax.io\/worlds-1st-digital-spac\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>Value in diversity<\/strong><\/p>\n<ul>\n<li>\u201cResearch has shown that companies with a diverse executive suite are up to 15% more likely to generate above-average profitability,\u201d said 500-backed <a href=\"https:\/\/www.grab.com\/\" target=\"_blank\" rel=\"noopener\">Grab<\/a>\u2019s Head of People Chin Yin Ong to <a href=\"https:\/\/www.techinasia.com\/tech-world-women-heres\" target=\"_blank\" rel=\"noopener\">Tech in Asia<\/a>. \u201cCompanies that are more diverse, starting with the leadership team, typically have stronger strategies with longer-term views.\u201d<\/li>\n<li>But the impact on society as a whole goes much deeper than that. She explained that using incompleted or skewed datasets causes biases to occur. So, a diverse perspective is essential to draw insights that are representative of the real world.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1600\" data-height=\"1200\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db7ebe020.jpg\"><figcaption class=\"wp-caption-text\">Credit: Grab<\/figcaption><\/figure>\n<ul>\n<li>Chin Yin brings up the example of Kaia Lai, the startup\u2019s head of product, strategy, and marketing, who drove the implementation of the \u201cshare my ride\u201d and \u201csafety button\u201d features. Both matter greatly to female passengers and drivers alike, as safety and security are among their key concerns.<\/li>\n<li>To encourage an inclusive mindset, Grab has several initiatives. Among them are providing diversity and inclusivity metrics to managers, learning programs, and mentorship for women.<\/li>\n<li>Read the full article on Tech in Asia <a href=\"https:\/\/www.techinasia.com\/tech-world-women-heres\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>The secret of success<\/strong><\/p>\n<ul>\n<li>On International Women\u2019s Day this year, Grab launched <a href=\"https:\/\/open.spotify.com\/show\/7kNujWpa4WMVAS1tzrziQZ\" target=\"_blank\" rel=\"noopener\">\u2018How She Made It\u2019<\/a>, a podcast produced <a href=\"https:\/\/www.techinasia.com\/working-mom-highgrowth-startup\" target=\"_blank\" rel=\"noopener\">in partnership with Tech in Asia<\/a>. Its latest episode (10 March), titled \u2018As a working mom in a high-growth startup\u2019 featured Adelene Foo.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1600\" data-height=\"1296\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db7f9330e.jpg\"><figcaption class=\"wp-caption-text\">Credit: Grab<\/figcaption><\/figure>\n<ul>\n<li>Adelene is one of the startup\u2019s founding employees who has worn several hats\u200a\u2014\u200acountry head for Malaysia and Indonesia and regional head for two-wheels business. She is currently the regional head of merchant and GrabExpress.<\/li>\n<li>She recounted how she grew with Grab as a new parent, finding that there was no private space in the office. She told the Head of People that the office needs parent rooms, who agreed with her. \u201cYou shouldn\u2019t suffer in silence\u2026You need to be more proactive in voicing out what you need to be successful, or working out with your supervisor or manager to find an operating model that suits you at the workplace.\u201d<\/li>\n<li>Listen to the full podcast on Spotify <a href=\"https:\/\/open.spotify.com\/episode\/5ZNF4N1lSHdXbLP6Vrg2cX\" 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_60f7db7fedb35.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 digital breakthrough 500-backed InvestaX, a licensed digital securities issuance, investments, and trading platform has launched the world\u2019s first Digital SPACs (special purpose acquisition companies) using smart contracts and blockchain technologies. Credit: Asia Blockchain Review A SPAC is essentially a shell company set up by investors with the sole purpose of raising money through an [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2054,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[143,404],"class_list":["post-95","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-grab","tag-investacrowd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #211: InvestaX launches a world\u2019s first; Why the tech world needs more women; A working mom\u2019s journey at Grab - 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=95\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #211: InvestaX launches a world\u2019s first; Why the tech world needs more women; A working mom\u2019s journey at Grab - Markup\" \/>\n<meta property=\"og:description\" content=\"A digital breakthrough 500-backed InvestaX, a licensed digital securities issuance, investments, and trading platform has launched the world\u2019s first Digital SPACs (special purpose acquisition companies) using smart contracts and blockchain technologies. 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