"The boom and bust cycles are part of startup and innovation and technology, and I think people need to think about this as a feature and not a bug. The reality is, that if you look at the data, the vast majority of startups will fail. We want people to try more things because we don't know what's going to work. The point of innovation is that you have a hypothesis that something could work, you try it, and seven, eight, nine times out of ten, it’s not going to work, but that doesn't mean no value was created along the way. Some intellectual property was created and people learned a lot of things." - Shiyan Koh
"Banks have the unique ability to be too big to fail because of the multiplication effect on the finacial system and the plumbing, but for a company like Grab or Gojek, if Grab closed tomorrow, Gojek would take over immediately. No questions asked. It wouldn't even blink an eye or vice versa. I don't even think there would be an interruption in service, so I don't see a ripple effect at all." - Jeremy Au
"If you think you are on a really good growth path and you see opportunities to invest ahead to drive that, it’s a rational thing especially if your investors are funding, but I think it's also a very classical growth mistake. Founders often underestimate the complexity of running multiple initiatives at the same time. Those things can get out of hand. And so, ShopBack handled it in a classy way. The package was good. And hopefully, all those people will stick around and get recycled back through the ecosystem, or even start a new company." - Shiyan Koh
In this episode, Jeremy Au speaks on the TikTok Trump versus Biden ban resurrection, the Grab 'too big to fail' debate, and ShopBack best-in-class layoffs with Shiyan Koh.
Keywords: TikTok Trump vs Biden Ban Resurrection, Grab Too Big To Fail Debate, ShopBack Best-In-Class Layoffs, Shiyan Koh, Southeast Asia, USA, Thought Leadership
