H.E.R.O.’s Journey in Tech (10 April 2019) – Why $1.5 Billion Startup Asana Ditched Email To Prove Its Own Work Management Strategy + Eric Schmidt – Lessons from a Trillion-Dollar Coach

H.E.R.O.’s Journey in Tech (10 April 2019) – Why $1.5 Billion Startup Asana Ditched Email To Prove Its Own Work Management Strategy + Eric Schmidt – Lessons from a Trillion-Dollar Coach


  • China game-streaming firm Huya launches $343 million follow-on offering (Reuters)
  • Trend Micro’s IoT Joint Venture Offers a New Approach to Tackling Weaknesses in Cybersecurity (DI)
  • Netwealth share price on watch as it becomes ANZ Private’s preferred supplier (MF)
  • Info Edge invests Rs 6 crore in Bizcrum Infotech; ShoeKonnect is a B2B marketplace that enables footwear brands, manufacturers, wholesalers and retailers to connect and transact with each other (BS)

BATTSS – Baidu, Alibaba, Tencent, TSMC, Samsung, Softbank

  • Alibaba’s Cainiao to raise delivery fleet wages 20% within 3 years (Technode)
  • SoftBank bets on Asia’s travel market with investment in Klook (Nikkei)

FAANNMG – Facebook, Amazon, Apple, Nvidia, Netflix, Microsoft, Google

  • Selling with the enemy: Why rival retailers embrace Amazon.com (Reuters)
  • Google Cloud’s new CEO on gaining customers, startups, supporting open source and more (TC)
  • YouTube Is Developing Choose-Your-Own-Adventure Programs (Bloomberg)
  • Netflix Could Actually Benefit From Increased Competition. Here’s Why. (Barron’s)

Asia Tech & Innovation Trends

  • Tencent-backed plastic surgery app So-Young files for $150 million US IPO (Technode)
  • Jia Yueting’s LeTV is RMB 12 billion in debt, may face delisting (Technode)
  • How GitHub became a bulletin board for Chinese tech worker complaints (qz)
  • No smoking, no tattoos, no bikinis: inside China’s war to ‘clean up’ the internet; While AI is used to remove banned content, many decisions are taken by humans, especially if they involve context (SCMP)
  • Big data enters the fray in the war against cancer as pharmaceutical laboratories combine drugs like cocktails to kill cancerous cells (SCMP)
  • Korean health care startup Sky Labs aims to launch its Cardio Tracker, or CART, a ring-type wearable device that detects a patient’s heart rhythm 24/7 using internet of things technologies. (Investor)
  • Grab vs Go-Jek: Duel of digital ‘decacorns’ escalates in Indonesia; $10bn ride-hailers’ battle for food orders and e-payments threatens to leave both bruised (Nikkei)
  • Cashfree, an India-based startup that specializes in making corporate banking services more accessible and easier to use, has closed a $5.5 million Series A round. (TC)
  • An Asian rewards app that works with Alibaba and major online brands has snagged $45 million from Japan’s Rakuten Capital and other investors. (Bloomberg)
  • Why Ola’s founder turned down a $11 billion deal with SoftBank (HBL)

Global Tech & Innovation Trends

  • Why $1.5 Billion Startup Asana Ditched Email To Prove Its Own Work Management Strategy (Forbes)
  • Pinterest’s ‘down round’ IPO reflects history of caution (FT); Pinterest Co-Founders to Glean Wildly Different Fortunes on IPO (Bloomberg)
  • How Venmo works and what to know before you use it (MW)
  • Unicorns Like Lyft Have a Ton of ‘Restricted’ Stock. Here’s Why That Matters. (Barron’s)
  • Slack Is Fetching High Prices in Private Stock Deals Ahead of Public Offering (Bloomberg); Slack integration with Office 365 one more step toward total enterprise integration (TC)
  • PubNub nabs $23M as its IaaS network hits 1.3T messages sent each month (TC)
  • Machine Learning Will Dominate Investments, Greylock’s Sarah Guo Says. But It Won’t Be An Easy Sell. (Forbes)
  • (Subscription) video killed the piracy stats (AFR)
  • The Tech Disaster That Didn’t Happen; The world didn’t end when its GPS system reset. So why were so many people so prepared to believe that it would? (Bloomberg)
  • Even Netflix Stock Seems Cheap Next to Roku (Bloomberg)


  • Eric Schmidt – Lessons from a Trillion-Dollar Coach (#367) (Tim Ferris)
  • The Mastermind Behind BTS Has Built a $780 Million K-Pop Fortune (Bloomberg)

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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