The chutzpah of FashionValet’s founder when up against a stronger funded competitor such as Zalora has Karamjit Singh wondering what Founder Institute’s Adeo Ressi will discover about the essence of the startup founder.
The Multimedia Development Corporation (MDeC) and Kuala Lumpur Founder Institute (KLFI) have announced that four Malaysian startups will be selected to go to the Silicon Valley under the MSC Malaysia Global Linkages Programme.
One of the panel sessions at the recent GES 2013, featuring business strategy consultant Don Tapscott and entrepreneur Adeo Ressi, was a lively discussion on what it takes to be an entrepreneur, writes Gabey Goh.
While there are weaknesses in our startup ecosystem, such weaknesses are not unique to Malaysia, but recent developments have given DNA founder Karamjit Singh hope that we will probably overcome these faster than anyone else.
The the Founder Institute has opened up applications for its second semester in Kuala Lumpur that will kick off in the first quarter of 2014, and its CEO Adeo Ressi said he would personally fund one or two startups from the programme.
The Founder Institute CEO Adeo Ressi wants to see every startup ecosystem in the world having consistent practices, and believes Malaysia is a hotspot for entrepreneurship that promises to have a global influence.
The Founder Institute bets on entrepreneurs rather than their ideas, which is why its CEO Adeo Ressi believes that robusts tests and processes are more effective than depending on one's intuition.