Impressed by their ways of innovating the business arena, Insights Success presents its upcoming edition of - The 10 Most Innovative Business Leaders to Follow in 2021. We have featured a variety of innovative leaders through this edition who ensure the overall growth and development of the people and the industries.
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The 10 most innovative business leaders to follow in 2021
1. Omar
Mohamed Said
Leading with Authenticity and Adding Value
Innovation- The Key
Innovation Defines
Success
VOL 06 | ISSUE 01 | 2021
10Most Innovative
BUSINESS
Leaders to Follow in
The
2021
2.
3.
4. Leaders who
Support,
Empower
and Motivate
eading people is the work of responsibility.
LEveryone expect that leaders should lead by
example and has to keep his/her team motivated all
the time. Well, this is not possible every time. As leaders
need their team, in the same way their team needs them.
With time, the leadership style has been changing and
modern leadership has many dimensions than before. The
one leadership style that covers all the dimensions of
leadership is innovative leadership. It includes a leader who
has perspective, vision, and ability to collaborate with
different people and capability to change ideas into reality.
Today, most of the innovative leaders are entrepreneurs who
are aspiring to bring change and value their people. The
following are few key characteristics of innovative leaders.
Field expertise
Innovative leaders are mostly the people who belong to tech
world. As they are expertise of the field, they better
understand how to communicate with and what insights
they have to provide to achieve the desired outcomes.
Openness
Innovative leaders realize the importance of an idea and
vision. If their any team member has come up with any
unique idea that can help with any particular project,
innovative leaders always hear it.
Collaborative Approach
The time has gone when whole army depends on a single
person. In modern leadership, everyone’s contribution is
equally required. A leadership can’t be successful without a
complete team support.
Visionary
Having a vision is the beginning of every innovative
leader’s journey. A vision is the key to success, but it also
requires a great deal of risk. Visionary leaders are more
perceptive about their work and people.
Stability
Choosing a path and leading others with to achieve it
require great deal of emotional stability. An innovative
Editor’s Desk
5. leader comprehends about situation’s gravity and
acts accordingly by understanding all the
consequences.
There can be numerous other forms of leaderships
and there are many characteristics that can define a
good leader as well. There is no particular way to
define a leader as everyone is unique in his/her own
way and that differentiates them. But innovative
leadership is the requirement of the modern world, as
it supports flexible work culture, more room for
everyone’s view, gives confidence, and keeps
everyone together while leading them to success.
Insights Success in its upcoming edition “The 10
Most Innovative Business Leaders to Follow in
2021” has enlisted such innovative leaders who are
an inspiration for many and leading with a novel
approach.
The cover features Omar Mohamed Said, the CEO
of Flowco Malaysia. Omar Mohammed is an
embodiment of value-added leadership. Humans
consciously or subconsciously imitate, adapt, and
inculcate the qualities of others that are close to
them. Omar Mohamed is no different. His good
leadership qualities stem from the leaders he served
under, and it is easy to identify that the greatest
influence on his leadership capabilities was that of
his late father.
Delve into more such inspiring stories of innovative
leaders that carry the potential to bring a difference
in the business world and ultimately people’s lives.
Lastly, never stop learning with our CXO standpoints
written by the industry experts and the creative
articles by our in-house editorial team that will help
to improve your skillset.
Let’s Read!
rohit.chaturvedi@insightssuccess.com
Rohit Chaturvedi
6. COVER STORY
Omar
Mohamed
Said
Leading with Authenticity
and Adding Value
08
ARTICLE
Innovation- The Key
Innovation Defines Success
24 Leader’s
Viewpoint
The Talent Landscape is
Now Your Biggest
Threat, or is it?
36
7. Dr. Chad Audi
Serving Humanity with Clarity,
Sincerity, and Humility
14
Alice Chang
Delivering the Most Impactful Consumer Beauty
Shopping Experiences Using AI and AR
20
David Wachs
Building Lasting Bonds with Customers
through Power of Handwritten Notes
28
May Yap
A Proficient with Extensive Work Experience
32
Mona Jalota
A Real Estate Professional
40
Nin Desai
A Prominent Personality in the Venture
Capital and Private Equity Industry
44
(Leader of The Year)
C
O
N
T
E
N
T
S
9. Brief
Company Name
Krypton Global
Investments
kryptonglobal
investments.com
Mona Jalota
Founder
Krypton Global Investments is a breakthrough platform in
India, offering International Property Investments and
migration services.
Perfect Corp
perfectcorp.com
Alice H. Chang /
Adam Gam
CEO
Perfect Corp. is the world’s leading beauty tech solutions
provider transforming the industry by marrying the highest
level of augmented reality (AR) and artificial intelligence (AI)
technology for a re-imagined consumer shopping experience.
May Yap
CEO
lht
lht.com.sg
LHT Holdings Limited is a publicly listed company that has
been in the timber industry for more than 20 years.
Dr. Chad Audi
CEO
Detroit Rescue
Mission Ministries
drmm.org
The Detroit Rescue Mission Ministries (DRMM) has served
metro Detroit’s homeless, hungry and hurting population since
1909.
Flowco Malaysia
flowcomalaysia.com
Omar Mohamed
CEO
Flowco Malaysia is a leading downstream retail oil & gas
equipment supplier and maintenance service provider company
in Malaysia.
Ben Dorks
CEO
Ideagen
ideagen.com
Ideagen plc provides market-leading information management,
safety, risk and compliance software solutions that allow
organisations to achieve operational excellence, regulatory
compliance and reduce risk.
David Wachs
CEO
Handwrytten
handwrytten.com
Handwrytten allows to send real cards and notes with the
message written in pen and ink.
Sheri Atwood
Founder & CEO
SupportPay
supportpay.com
SupportPay is a first-ever automated child support payment
platform for parents living apart.
Leslie Bailey
Cofounder
Indy Maven offers lifestyle content to delight an audience of
highly engaged, badass women in the greater Indianapolis area
who want to stay informed and be inspired.
Indy Maven
indymaven.com
Featured Person
NIN Ventures
nin.vc
Nin Desai
CEO
NIN Ventures (or NIN.VC) is a unique and first of its kind
crowdfunded technology venture capital fund for accredited
investors.
11. Omar
Mohamed Said
Leading with Authenticity and Adding Value
Flowco Malaysia is a leading
downstream retail oil & gas
equipment supplier and
maintenance service provider
company in Malaysia.
‘
‘ ‘‘
Cover Story
12. challenge that they have had to overcome leads to the
evolution of the company in some ways.
Flowco Malaysia became the company that his late father
had envisaged so many years ago. After 10 years, Omar
believes that now is the end of one chapter of the company,
and the beginning of another exciting one.
Keeping Customers Abreast of New Solutions
Flowco has always been customer centric. This is especially
important when operating on the consumer retail side of the
business, where public expectations and requirements on
the quality of service are enormous factors for the
satisfaction of our customers.
This is why Flowco is positioning itself as a maintenance
company first, above all else. Constantly improving our
service level delivery is a perennial task for Flowco and
being able to offer something better by adding value to our
customers with innovative ways of doing the things, is one
of the vital objectives that we strive to achieve.
Enhancing Effectiveness
Flowco Malaysia prides itself as a company that contributes
to the future financial sustainability of its customers by
keeping them informed of what is happening in the markets.
The company identifies the needs of their customers and
At Flowco our
passionate focus has
always been at
providing our
customers with the
highest standard of
quality and services by
exceeding our improve
our quality, consistency
and efciency.
Association can stimulate and influence a person’s
consciousness, cognitive processes and also,
leadership style. Due to the influential impact of
association, it is advised that a person should be aware and
consider the type of personalities that they allow in their
vicinities.
Humans consciously or subconsciously imitate, adapt, and
inculcate the qualities of others that are close to them.
Omar Mohamed Said, the CEO of Flowco Malaysia, is
no different. His good leadership qualities stem from the
leaders he served under and it is easy to identify that the
greatest influence on his leadership capabilities was that of
his late father.
Learning from Variety of Leadership Styles
Omar did not start his career in Flowco as one would
expect. He started with one of the large accounting firms
and had to find his own feet while striving to work his way
up. This challenging environment outside of his father’s
domain of control and security was the ideal incubator for
Omar to develop his sense of humility.
Omar was under the impression that he had to carve out his
own destiny. He never had the sense of security and
stability and was unaware that he was going to join his
father until he received the offer in 2007.
Being in a large corporate environment, Omar was exposed
to the various types of leadership styles of his superiors. He
found that many did not resonate with him, but he also
discovered some that he idolized. The ones he admired and
respected left a deep impression on Omar and nurtured his
maturity as a leader.
Growing through Challenges
Omar’s journey to CEO of Flowco gained traction after the
passing of his father, the founder of Flowco Malaysia.
These were very trying times for Omar, and he was
challenged in a professional and personal manner. On the
one hand, he had to attend to and console his grieving
family and on the other he had to take over the reins of the
company.
During the decade that Omar had been at the steer of
Flowco Malaysia, there were numerous challenges facing
the company. Regardless of the severity of these challenges,
to date, Flowco has managed to overcome them all. These
challenges seem to feed the success of Flowco as every
‘
‘
‘‘
13. tries to match their demands with appropriate new products
and services that arrive in the market.
As a maintenance service provider, Flowco Malaysia was
the first in the industry to digitalize business operations that
only enhanced its own efficiency but also transferred
benefits to its customers. The improvisation led to improved
management and overall effectiveness in meeting key
deliverables of its service contracts.
Fine-tuning to Global Trends
Flowco Malaysia’s ability to differentiate themselves stems
from the desire to be a leader and staying ahead of the
curve. History has shown that they are very efficient at
predicting what the market will do next, but this is not a
coincidence.
There is no guessing involved, but their accurate
predictions are underpinned by meticulous market
observations, global trends identification and past
experiences. They carefully deduce how customer will be
affected within their own local niche.
Flowco Malaysia continuously plays an advisory role to its
customers by using its own inferences as tools to help them.
Omar thinks that this strategy is an example of mutualism
as the advice Flowco provides, serves as a complementary
addition to their existing strategies.
Leading with Tolerance and Respect
Omar is a proponent of breaking down barriers between
ranks. He is affirmed in the belief that barriers should be
minimized, and that mutual respect and acknowledgment of
organizational contributions should be present instead of
entitlement and delusions of grandeur.
Malaysia is known for its diversity and Omar puts in
maximum effort to ensure that diversity within his
organization is acknowledged, respected, and valued. He
thinks that the world is already a very sensitive place, and
that Malaysia is not excluded. He believes that there should
be no discrimination regarding race, faith, sex, culture, etc.
and that everyone should tolerate and respect each other’s
differences.
This company value is what’s most important to Omar and,
according to him, deserves the most energy to grow due to
its relevance to company survival.
Successfully Managing Difficult Situations
Flowco has faced numerous obstacles in the past and if one
thing is certain, it is that they will be faced with numerous
more in the future. Omar believes that if they are serious
and passionate about their work, they will find a resolution
every time.
Omar’s recipe for dealing with challenges entails a great
deal of patience, trust in the established processes and
believing in yourself, no matter how great the external
pressure is.
Appreciating the Contribution of People
Omar believes that one of the pivotal points of success of
an organization is the employees of the organization.
Flowco Malaysia supports and invests in its people and
empowers them to deliver beyond what is expected. The
return on investment is immeasurable.
14. Omar is incredibly grateful for the people in the
organization, and he knows very well that the company
would not be as successful and would not receive all the
accolades it did, had it not been for the employees of the
organization.
Emphasis on Scaling Up
Omar is firmly assured that the future success of the
company would depend on digitalization. The traditional
brick and mortar business is bound to be around in the
future, but there would be a greater emphasis on scaling up
and the influence the organization would have on not only
its customers, suppliers, and industry as a whole.
Having a Healthy Growth Mindset
Omar and his team are on route to chart out a new legacy.
He sees himself as being fortunate to be surrounded by a
team who shares his vision. They not only have a healthy
mindset regarding growth of the company, but also on a
personal growth level too.
There are many attainable goals that Flowco is hoping to
achieve within its current position, but it strives to achieve
more. Omar hopes that by the end of this decade, Flowco
Malaysia will be the number one preferred partner of
petroleum marketers in Malaysia and the region. It will be a
daunting task, yet attainable as they will leverage the fact
that they have been the petroleum marketers’ most trusted
and preferred partner since 1994.
Being Relevant Sustainably
Omar advises aspiring entrepreneurs to focus on finding
their niche and complement the industry by being original
and not a copy. Being original is the key to staying relevant
according to Omar. What works for one doesn’t necessarily
work for others, and originality is the key to long-term
sustainability.
Your opinion on “The Evolution of the Role of CEO
During Pandemic”
As if the modern business environment was not challenging
enough, out of the blue appeared the COVID-19 pandemic.
The pandemic has had CEOs all around the world up on
their feet and challenged their abilities to the maximum.
Navigating, managing, and staying on top of an
unprecedented event with no reference to any case studies
or past success stories whatsoever, left many CEOs with
limited options and they had to execute every single play
they knew in their playbook to weather this storm.
Many companies are still not out of the woods yet, and we
are still seeing many companies fighting for survival. CEOs
are tasked with tough decisions that they never had to face
before. Although professional by trade, they are still human
in nature. CEOs feel the repercussions of these decisions,
especially when they impact the employees. But in the
bigger picture, it must be done to ensure the survivability of
the company, and they must live with the burden of these
decisions.
I predict that whenever we come out of this, many CEOs
whose companies survived will have more perseverance,
wisdom and resolve within them. And the fact that the
company would still be operating, would be a testament to
that CEO’s capabilities of successfully steering a company
during extremely turbulent times.
In my modest opinion, this pandemic is exactly the kind of
challenge that most CEOs dream of and live for. Facing this
epic challenge, standing up to it and emerging victoriously
is the kind of accolade that no other CEOs in the past can
boast about. This achievement is quite unique and
something to be extremely proud about.
15. kimberly Khoury
Paving her Way in Sustainability Development
&
&
The
20
BUSINESSWOMEN
to Watch, 2020
SUCCESSFUL
Most
17. ‘‘
The 10 Most Innova ve Business Leaders to Follow in 2021
You don’t solve a
problem by kicking the
can down the road; you
solve a problem by
understanding and
confronting it the
right way.
‘‘
Dr. Chad Audi
President and Chief
Executive Officer
Detroit Rescue Mission
Ministries (DRMM)
18. larity in vision, sincerity towards the goals, and
Chumility in behaviour are the essential traits to
acquire to become a transformational leader. Dr.
Chad Audi is one kind of leader whose leadership style and
work are an epitome to achieve for emerging leaders. He is
the President and Chief Executive Officer of the 1909-
founded Detroit Rescue Mission Ministries (DRMM), a
faith-based, non-profit organization recognized by the
Commission on Accreditation of Rehabilitation Facilities
(CARF) and reputed for devoting a wealth of resources to
meet the basic needs of humanity while motivating
individuals to rebuild their lives, one life at a time.
A Phenomenal Journey
Dr. Chad Audi’s journey started with curiosity,
determination and learning. By age 27, and with the
guidance of his exemplary father who was Chief Financial
Officer of an international business, he had equipped
himself with graduate and terminal degrees in business
administration and finance. He had also garnered some
leadership experience working in the private sector, with
many people as direct reports.
Dr. Chad worked in very dynamic and challenging business
environments and had the benefit of watching some
remarkable business leaders up-close as they grappled with
very tough issues and decisions. So, when he came to non-
profit Detroit Rescue Mission in 1997, and started as a
volunteer in the finance department, he already had a good
foundation. Still, he believed he needed more insight and
mentoring. The then president and CEO, Don DeVos, saw
the good work Dr. Chad was doing and took him under his
wings, helping him gain a fine understanding of the
nonprofit world, and particularly faith-based human
services.
Instructively, the more he proved himself with percipience
and problem-solving, the higher the responsibility he got.
Thus, in a few years, Dr. Chad became the Chief Operating
Officer, and in 2004, the Board appointed him the President
and CEO. Since then, the organization has grown in all
ramifications – annual budget, staff strength, number of
program beneficiaries, locations, donor base, partners,
volunteers, just name it. Under the able leadership of Dr,
Chad, the organization has accumulated a greater capacity
to respond more effectively to the changing needs of
disadvantaged and distressed individuals and families in the
Detroit area. He says, “Looking back now, I see and
appreciate the role great mentors have played in my
leadership journey. But I also see the irreplaceable place of
19. insightfulness, creativity, people skills, constant self-
evaluation, decisiveness and grit.”
Immeasurable Support for the Impoverished
Detroit Rescue Mission Ministries is primarily drawn to
individuals and families in disadvantage and distress. They
could be in homelessness, hunger, domestic violence,
abandonment, substance use disorder, joblessness or
recidivism. “We are their go-to nonprofit organization,”
says Dr. Chad. He further adds, DRMM’s programs are
designed and implemented to help people in such situations
turn their lives around. In recent years, it has expanded
beyond Detroit and Highland Park to bring its services
nearer to people who need them in cities like Roseville in
Macomb County where it has a thriving food bank, and Port
Huron in St. Claire County with a life-changing shelter for
women and children. The organization’s well-equipped and
fully accredited 240-acre camp in Howell serves the
camping and leadership development needs of young
people from the Detroit area. And, its food box and toy
delivery program has been taking the organization to cities
like Inkster, Dearborn, Dearborn Heights, Wayne, Westland,
Livonia and, of course, Detroit and Highland Park
neighbourhoods, targeting seniors and children who need a
little help. Thankfully, the community outreach also
enjoyed great support from volunteers and donors who
strongly identify with DRMM’s 112-year-old mission of
giving hope and help to the “least of these” in the
community.
Increasing the Circle
DRMM is opening a new location in Livonia for senior
respite care, free walk-in healthcare, opioid treatment and
counselling. It is also revitalizing its withdrawal
management and substance use disorder treatment facilities
in Detroit to better serve substance use disorder patients and
their families. Because of the economic challenges that
persist as a result of the COVID-19 pandemic, it will scale
up its food box and toy deliveries to reach more families in
need. “We are also designing shelters of the future that will
provide greater opportunities to men and women in need,”
says Dr. Chad.
Traits of an Ideal Leader
According to Dr. Chad, every leader should have a very
good understanding of the problem that needs to be solved,
a clear vision of what needs to be achieved and how to
achieve it. A leader should also possess an ability to attract
20. and retain the right people to help in achieving the vision, a
flair for thorough self-evaluation, openness to new and
disruptive ideas, and an insatiable appetite for continuous
improvement.
Embrace, Help and Grow
“A positive work culture is essential both for the guests we
serve and our staff members”, says Dr. Chad. The team at
DRMM treats each other as a family member. Here,
everyone believes that it is one big family of brothers and
sisters. So, staff members are encouraged not to see their
colleagues as competitors but as team members working
toward the same goal of helping the homeless, hungry and
hurting turn their lives around. They don’t just work
together in serving guests and community; they also help
each other in different ways. Through celebrating each
other’s birthdays and praying for each other, the team
shows compassion and love for each other.
Dr. Chad asserts, “If you are facing a challenge, colleagues
come to your aid. Our work culture places premium on
treating everyone – guest or colleague - with dignity and
respect. That’s actually our policy, which I reiterate in my
interactions with staff.”
Challenges Make You Strong
Community service is about serving the community, not
self. “If you commit yourself to serving people in the
community, you must brace yourself for the challenges that
come with it,” says Dr. Chad. He further adds, “I can tell
you here and now that it is never a smooth ride. There are
bumps, twists and turns along the way. But you must never
give up. You must see each challenge as a passport to
greater heights. Each challenge is a teachable moment. So,
serve with clarity, sincerity and humility.”
21.
22. Alice Chang,
CEO and Founder
Perfect Corp.
20 | June 2021 www.insightssuccess.com
23. Alice Chang
Delivering The Most Impactful Consumer Beauty
Shopping Experiences Using AI and AR
s an industry projected to be worth nearly 440
Abillion dollars by the 2026, it is safe to say
consumers are into their beauty products. Given
the complexity and ever-growing assortment of newness
entering the beauty shelves, consumers are looking for
ways to a safely and conveniently experiment and explore
new products in order to make more confident purchase
decisions.
As a beauty lover herself, Alice Chang was motivated to
find a unique solution that improved the consumer shopping
journey. She had always been a problem solver and her
experience with advanced AR and AI technologies sparked
her desire to translate the idea for the beauty journey. She
wanted to find a solution that would deliver hyper-realistic
virtual beauty effects that rivaled the accuracy of physical
product try-ons, in an engaged, fun, and convenient way.
Her desire to improve the consumer beauty experience led
to the inception of Perfect Corp., the leading global beauty
tech solutions provider using AI & AR to transform the
consumer experience.
Embracing Challenges and Solving Problems
Alice has always been a leader to embrace challenges that
solve consumer and business pain points. It’s what
motivates Alice to think strategically and find resourceful
and impactful ways to grow as an individual and as a
company. The road to success in the beauty tech category
has been an ongoing hustle to prove to potential brand
partners and billions of beauty consumers, that its virtual
try-on technology and solutions went beyond a cool selfie
editing tool, and proved a true utility to aid in the consumer
shopping experience. Over the years, brands adopted the
hyper-realistic AI and AR effects as a means of boosting
conversion and consumers have learned to rely on the true-
to-life try-ons to help them make more confident purchase
decisions.
Deploying Innovative, Experimental Digital Services
During pandemic consumers have quickly adopted AR and
AI powered virtual try-on as a means to safely experiment,
discover, and shop for beauty. Living in a Pandemic, virtual
beauty has become a necessity, for brands, retailers, and
consumers. With business closings and stay at home orders,
the demand for engaging direct to consumers online
shopping experiences increased, and brands were forced to
look toward technology-powered solutions to deliver on the
try-before-you-buy consumer journey.
As a company, Perfect Corp. quickly adapted to offer a
variety of special programs to provide complimentary
beauty tech services to brands looking to leverage the
power of AR and AI to enhance their online consumer
journey and adapt to the evolving impact of COVID-19.
Perfect Corp. is helping brands lean into beauty tech with a
360-degree omni-channel approach that deploys innovative,
experiential digital services across all consumer touch-
points, instore, online, mobile, and social.
Encouraging Free-flowing Communication
A positive work culture is essential for productivity. At
Perfect Corp., its leadership team strives to maintain a flat
organization that gives every employee direct access to top
management and encourages free-flowing communication
from all team members to help drive the next big idea
forward. Innovation and teamwork are at the root of
everything Perfect Corp. does and no idea is too big or too
crazy.
21
|
June 2021
www.insightssuccess.com
The 10 Most Innova ve Business Leaders to Follow in 2021
24. Being Innovative in Approach
Innovation is at the heart of everything Perfect Corp. does,
and it hopes this forward-thinking vision inspires its brand
partners as well. It’s essential for businesses to continue
finding new ways to align their offerings and consumer
journey with the evolving consumer demand for more
engaging shopper experiences and to seamlessly integrate
across all omni-channel touchpoints.
Adopting Impactful Beauty Tech Solutions
The age of Shoppertainment is here, and brands must
challenge themselves to find new ways to connect with their
audience—across physical, online, mobile, and social—and
deliver impactful digital experiences through a 360-degree
direct-to-consumer strategy. Perfect Corp. hopes to inspire
brands to lean into the digital transformation and adopt the
impactful beauty tech solutions—like virtual makeup try-
on, AI Skin Diagnostics, on-demand beauty consultations,
and AR livestream video content—in order to deliver a
more personalized and fulfilling consumer shopping
experience.
Educating Consumers About Beauty Tech Innovation
As a leader in beauty tech, Perfect Corp. strives to not only
service its brand partners with cutting edge beauty tech
solutions to meet their business needs, and deliver one-of-a-
kind virtual app experiences to its users, but it also wants to
drive though leadership and educate the greater beauty
industry.
Perfect Corp. first launched its Global Beauty Tech Forum
in 2019 with single day conferences around the globe (from
New York, to Tokyo, and Paris), featuring innovators and
key opinion leaders who can speak to digital transformation
and results of beauty tech innovation. The company also
launched a Global Beauty Tech Education Series which
offers step by step tutorials spotlighting new innovation
today and its successful implementation.
Furthermore, Perfect Corp. strives to continue to be a
resource for brands, retailers, press, and aspiring
entrepreneurs, and release regular weekly content across its
blog to help educate readers about the benefits of beauty
tech in driving business today. It also releases a quarterly
Global Beauty Trends Report that dives into data and
analytics of virtual try-on to deduce evolving consumer
beauty behaviors around globe.
Unlocking Endless Possibilities
The vision for Perfect Corp. over the next five years is to
continue expanding, innovating, and adapting to deliver on
the most impactful consumer beauty shopping experience
possible. It’s time to double down on AI innovation and
unlock the endless possibilities that this smart technology
brings to the industry. Perfect Corp. will continue to
provide cutting-edge beauty tech services to partners across
the globe expanding to all markets in order to meet the
growing demand. It will strive to deliver unique beauty tech
solutions and digitally enhanced consumer experiences to
the industry, leaning into the digital transformation. It also
envisions cross-category expansion using advanced beauty
tech for jewelry, hats, eyewear, accessories and beyond.
Alice says that the ‘sky is the limit so stay tuned’.
Enlightening Emerging Innovators
Alice’s message for aspiring entrepreneurs has always been
to dream big, embrace change, and never give up! She says
that this mentality will inspire a future of innovators who
embrace challenge with confidence necessary to achieve the
impossible and break boundaries.
“Perfect Corp. is the world’s
leading beauty tech solutions
provider transforming the
industry by marrying the high-
est level of augmented reality
(AR) and artificial intelligence
(AI) technology for a re-
imagined consumer shopping
experience.”
‘‘
‘‘
22 | June 2021 www.insightssuccess.com
25.
26. very day there is a new product that brings
Edisruption to the market and becomes innovative.
In the business world, innovators are the ones who
look at problems differently and find solutions others may
not see. Not following traditional methods and looking for
new ways is the way to success.
Being innovative is the most crucial aspect to thrive in
today’s competitive business world, and without it, one may
survive but will not get successful.
What Numbers Say?
In 2015, the Deloitte Innovation Survey found out that
many companies approx. sixty-six percent believed that
innovation is the key to business growth. Innovation allows
businesses to increase their reach, merge with new partners,
and scale up to more human force. Adding innovation also
puts the organization at a positive front end and attracts
more investors towards it.
Why Innovation Matters?
When an organization comes up with innovation, no matter
its size, growth is guaranteed. Top leading companies in the
world with different sectors like Tesla, Apple, Google, and
Microsoft are known for their innovation. Apple is the
leading smartphone company but it generates 1/3 revenue
from its accessories; Apple’s AirPods' revenue is more than
Adobe, Spotify, and Twitter. The reason behind this
enormous success is the innovation and the focus towards
the problems which can only be solved by making an
innovative approach.
What’s the Catch?
We all have encountered people in our life who are different
than others and even being alone is not becoming a hurdle
to their success. The logic is simple, thinking different or
out of the box is also a part of innovation where one wants
to explore new things beyond its declared boundaries.
Thinking EV cars as the future of automation looked like a
dream but Tesla made this possible. The company did not
choose the easy path, but explore the possibilities with
futuristic batteries, and enhance the durability. Now, this is
what any company can do which is what we call advance-
ment. What Tesla did differently is they just did not advance
their EV cars but transform them into futuristic ones by
adding automation. They introduced the concept of cars
without human interaction. It was combining the idea of
renewable energy and making driving safer than ever
before. Today, Tesla is one of the leading Fortune 500
companies that has doubled its revenue in a very short
period.
Understand the Market
Innovation is also the key to ruling the market. The modern
world is not waiting for anyone, as the customers' demands
bar have risen very high. From advanced communication,
digital platforms to globalization, everything from any-
where is reachable now without any boundaries. We already
have seen that if anything that has the capacity to bring
global impact can be monitored by the whole world in few
seconds. An idea that has the potential to transform people’s
lives to some extent or can fill the consumers' demand that
has not noticed before, is innovation. People constantly
change their choices and want something amazing, and new
with upgrades, and that makes the market unpredictable.
Innovators have to predict change and understand the
demand of consumers, so that there will be a solution even
before the customer needs it. Determination and appetite for
constant growth is the real quality of innovators and
successful business leaders.
Idea Check, Market Availability Check, Then What is
Next?
Transforming an innovative idea into a successful venture is
a long journey. If you are capable enough, you can finance
the idea, but if you are not then there you need stockholders
(angel investors) who will provide the fund. But arranging
the funds and establishing the operations is only half
success. It is people who brings an idea into reality, and
then lead it to success: people with the same mindset,
people who are able to see and modify the perspective.
Finding and adding talented people to the team is essential.
And people with talent and vision also love to work with
innovative ideas and in a vision that comprises success. For
an innovator, the challenge is the thrill they are starving for
and is the way to keep them encouraged. So lead with
talent, align vision with investors, and most significantly
innovate; an idea, a dream, or something that can bring
change.
Innovation- The Key
24 | June 2021 www.insightssuccess.com
30. In an age where everyone is drowning in electronic
communication, handwritten notes really stand out.
They go a long way in building lasting relationships
with people, and companies that send notes are set apart
from the competition. To help its clients leverage this
untapped form of outreach, Handwrytten automates
handwritten notes on behalf of companies large and small.
Handwrytten was founded to fill an unmet need of sending
handwritten notes as easily as sending an email. To solve
this problem, the company invested heavily in robotics to
build a machine unmatched in handwriting quality and
scalability. The mind behind the company is David Wachs,
CEO, Founder and Chief Robot Mechanic. A serial
entrepreneur, David is bringing back the lost art of letter
writing through scalable, robot-based solutions that write
one's notes in pen.
The Challenge of Educating People about the Unique
Service
Handwrytten was founded in 2014. The first challenge that
Handwrytten faced and is still facing is making its target
audience aware of its service. Handwrytten is very unique
and has truly defined the space of automated handwritten
notes. It has been successful in doing this primarily through
Facebook and LinkedIn advertising, but also through earned
and paid media placement.
Delivering Realistic Handwriting
As Handwrytten has grown, it needed better robots to write
the notes for its clients. Its initial vendor's technology was
antiquated, and the results were not in line with its
expectations. Four years ago, Handwrytten began a journey
to design, program and build robots itself. Now, it has 115
custom built, pen-wielding robots. These robots deliver the
most realistic handwriting available. Handwrytten builds
these robots for much less than its old robots used to cost,
allowing it to scale up faster. As it has full control of the
software and firmware, it designs fonts and signatures
quicker than it could have otherwise, and makes additional
improvements to increase realism as well. Handwrytten's
robots are now its point of difference and no other company
comes close to its capabilities.
Learning from the Greats
David states that he was fortunate to meet Conan O'Brien
while he was in college over twenty years ago. Conan told
David and his classmates to “always get in over one's
head”. David has never forgotten these words of advice. He
David
Wachs
Building Lasting Bonds with Customers through
Power of Handwritten Notes
The 10 Most Innovative Business Leaders to Follow in 2021
28 | June 2021 www.insightssuccess.com
31. lives by this mantra daily. The book “E-Myth” by Michael
Gerber has also made an impact on David. This easy-to-
read book talks about setting up one's business as a
franchise, even if one never plans on operating it as one. By
going through this process, one is forced to create a manual,
define jobs, create processes, and as Michael explains,
“work on the business instead of work in the business”.
Reaching out Using Handwritten Notes
The pandemic has created terrible isolation for a good
percentage of the population. People are forced to work
from home, abstain from in-person meetings and get-
togethers and are separated physically from their loved
ones. This is painful and scary for many people. David says
that as a business, it is important to reach out to one's
clients and customers just to tell them you care. Of course,
Handwrytten recommends reaching out using its service, as
it knows that handwritten notes generate impactful and
personal results.
As a company Handwrytten used handwritten notes
throughout the pandemic, but its team also picked up the
phone, called its clients and asked if there was anything
they could do to help.
Handwrytten is uniquely qualified to overcome this
challenge due to the nature of its business. By the end of
2020, Handwrytten's business was hitting sales records as
people began using its service to send well-wishes to their
prospects and clients.
Ensuring Happiness and Productivity of Employees
David has built and sold a company before. In this process,
he has learned what is truly important. It turns out, happy,
productive employees are the key! As such, he works every
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32. day to ensure his employees are happy and excited to come
to work. While he certainly makes his employees work
hard, David wants them to stick around for the long-haul.
He states that employee turnover is one of the most
expensive factors in running a business.
To improve work culture, David advises to hold weekly
meetings on the financial and operational state of the
company. This creates a sense of transparency and instils
ownership by the entire team. He suggests praising publicly
and criticizing privately. He advises giving “shout outs” to
team members during the weekly meeting but giving
criticism to employees only in private. He also suggests
having frequent fun events.
Supporting Inclusiveness
Handwrytten has put a “Handwrytten Cares” section on its
web site, with cards for equal rights and Black Lives Matter
causes. 100% of the profits from these cards go to aligned
causes.
The Road Ahead for Handwrytten
Handwrytten will continue iterating its robots and creating
more integrations into other platforms. In addition to its
plugins for Salesforce, Zapier, Integromat and SyncSpider,
it is releasing a plugin for Shopify shortly, and it hopes to
revisit its HubSpot integration. It is currently revamping its
web site and is excited to release the new version in Q3 of
this year. Longer-term, Handwrytten plans to roll out
additional facilities around the world. It will also partner
with 3PL and other forms of partners to incorporate its
offering into their service.
Being Considerate of Emotions of People
When everybody else is pivoting towards digital, David
advises future leaders to realize the consumer is analog and
emotional. He recommends the leaders of tomorrow to
come up with solutions to grab the emotions behind their
target audience, and don't just recreate a familiar marketing
offering done by dozens of other software firms. David says
that in the last 5 years so much of marketing and
advertising has gone online, and this has created huge
opportunities to improve the offline experience as well.
Handwrytten's technology
allows customers to scale
their handwritten outreach,
creating positive impressions
and long-lasting bonds.
David Wachs
CEO, Founder and Chief
Robot Mechanic
30 | June 2021 www.insightssuccess.com
33.
34. MAY YAP
A Proficient with Extensive Work Experience
“Deforestation is one major cause of climate change. Recycling is one
of the many e orts that reflect our commitment toward mitigating
climate change and global warming”
32 | June 2021 www.insightssuccess.com
35. We must know the market well, identify our
competitors’strengths and weaknesses. Build
rapport with customers, find out what matters
to customers, provide solutions, and solve their matters,”
says May Yap. She is the , and
Managing Director CEO
of and accountable for strategic
LHT Holdings Limted
IT management and smooth day to day operations across
operating sites in Asia and US.
May has Extensive Management Consulting Experience
advising clients on business transformation initiatives;
familiar with operations in Manufacturing, Government,
pharmaceutical, Bank and Insurance, Telco, FMCG,
Airlines and Logistics sectors.
In an interview with Insights Success, May Yap
highlights the importance of customer service and
understanding the market one wants to grow in.
Below are the highlights of the interview:
Kindly take us through your journey on becoming a
young and proficient shepreneur.
It all started in December 1977, after completed my
secondary school, I joined former Lian Hup Timber
Trading Co before it was retitled to LHT Holdings
Limited as a multi-tasking clerk which handles accounts,
administration, operations, and housekeeping. At that
time, the firm had around 20 employees and on leasing
land size of less than 1000 sqm situated in a remote area
in the north region of Singapore.
During my 40 years of services at LHT, I have climbed
the corporate ladder through rank-and-file from an admin
clerk to a chairwoman. I have witnessed the changing
landscape from a traditional company to an
environmentally friendly company.
As time went by, wood pallets became prominent as
many foreign MNCs invested massively in Singapore
that required these pallets as export goods. And
inevitably, LHT followed the same wind too. At that
time, Singapore was on its journey toward development
and the firm grew so tremendously that we had to pursue
bigger land in Sungei Kadut.
Moving the factory two times, in 1988, the firm acquired
a 35,680 sqm land, and the company staff strength went
up to 168 employees, and with the right timing, the
group renamed to LHT Holdings Limited when listed in
the mainboard in 1999.
During this time, I was Sales Director-in charge of all
sales and marketing functions. Perceiving the
opportunity to be an Executive Director, I became one of
the major shareholders during the company’s
reconstruction.
I was appointed as the acting Managing Director in 2016
due to my MD had health issues. In 2017, followed by
the retirement of my founder MD, I was re-designation
as the chairwoman, Managing Director, and CEO.
How do you diversify your organization’s offerings to
entice the target audience?
Wood pallets have been traditional for more than 60
years since world war two, to entice our target audience
we need to provide a competitive one-stop solution.
Besides selling wood and plastic pallets, we have
technology pallets known as system pallets that
cooperate with the RFID system. We also manufacture
“
The 10 Most Innovative Business Leaders to Follow in 2021
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36. environmentally-friendly pallets that make from
recycling wood waste. By 2013 we took over a big plant
at Johor, Malaysia for Green innovative Gpac moulded
pallet production, and became a multi diversity of wide
ranges of ECO Green pallet leadership to distribute all
kinds of Wood packaging and Champion the green
journey and made company with more effective business
model and longevity sustainable for success.
What are the vital traits that every businesswoman
should possess?
A successful entrepreneur is focused on the business and
its goals. At this digital transformation era, and Covid-19
had changed the way we do business. Creativity and
flexibility, we need to embrace that changed and go back
to the drawing board and restart, reorganize, relook on
what is the better ways at the current situation,
brainstorm, and amend accordingly. As a
businesswoman, she shall have a charismatic character
that possesses good knowledge in that field, a high level
of confidence and trust to be built over the team or
management working with.
As per your opinion, what roadblocks or challenges
were faced by you in a corporate business? And how
did you overcome them?
Nobody knows that the Covid-19 will hit and disrupt that
hard in all kinds of business and make changes to the
way we do business. As a pallet manufacturer, we are
lucky to be considered as essential services as we
provide logistic support to the supply chain. Without
pallets, goods cannot be transported and stored in the
warehouses. As for us, we remain status quo, except the
reshuffle of our workforce to cope with the high demand
from some sectors due to customers’ stop work.
Have you in any way contributed towards the cause
of women empowerment?
In Singapore, I do not see any gender discrimination as
long as you can do the job. This day, I do see many
women are leaving their home as a housewife to join the
society and many women are now holding the high
ranking post. I could only post and set an example that a
female clerk that it is possible comes one day she can be
the top management.
How do you cope up with capricious technological
trends to boost your personal growth?
Yes, we need to embrace the change and adapt the
appropriate one. Firstly, we must understand the purpose
of adopting the technology, which is to provide
convenience or to make things simpler and not
complicated and should be users friendly too.
What are your future endeavors/objectives and where
do you see yourself in the near future?
The Covid-19 pandemic is a testament that proof the
company is sustainable over the majority of companies
that were shut down due to the lockdown period and we
were the few companies that provide the essential
service to the community as well as the society.
34 | June 2021 www.insightssuccess.com
39. The Talent Landscape
is NOW your Biggest
Threat, or is it?
n 2010, I founded HRBoost and I had a big vision. I
Iaimed to bring JOY and PURPOSE to people through
their work. Today, I have nearly twenty (20) Boosters
that are more than employees, they are people I respect and
admire. I pray each day they see me as more than a “boss” and
rather someone they can respect and admire. When HRBoost
was founded, it was the only HR Shared Services firm of its
kind that blends virtual service with embedded presence,
providing a dedicated team and at the clients’pace and budget
delivering strategic HR. We like to say, strategic HR, day one,
employeeone!
Back then, my first client was my first-born child. I had earned
the privilege to consult and work on my own terms. Little did I
know, I was not the only working mother who had earned skill
through years of experience/education that desired to be
“mommy” and yet still exercise intellectual potential all the
while not sacrificing my earnings. Today, nearly every person
on my team is a parent, and some are even grandparents. I am
humbled to see them deliver excellence to our clients while
playing in our intellectual playground a.k.a the “office”. For
us, the word “office” became a verb long ago and performance
is measured by impact. Commitment is not measured by
physical presence but rather the level of collaboration against
executionthroughthework itself.
Amidst the Pandemic, something fascinating has taken place.
The world is acknowledging the challenge of working
families and the fact that they represent a third of the
workforce. Recently, I discovered Maven, the largest virtual
clinic for women’s and family health. They partnered with a
Great Place to Work® to conduct the largest-ever study of
working parents. The data says it all. Parents are diverse and
familiescanbemadeupfromanysubsetofhumans.What
once was standard benefits plan design (e.g., Compensation,
Fair Management, Participation/Involvement, Opportunity
for Advancement/Career Path as well as the benefits
themselves) is no longer going to be enough to retain your
skilled talent. Nearly every company has changed and/or
adapted their policies amidst Covid-19. Some were legally
required while other, newer programs and benefits emerged to
become the new, must haves to achieve talent retention. The
need for businesses to invest in the challenges their talent has
been facing has been critical to not only keeping the business
alive but also keeping the people that serve the business
working. Women have long been an opportunity for
businesses. The fact remains that 57% of women that become
mothers fail to return to work after taking their initial
maternity leave. So, gender equity has always been a factor,
but in the United States there is even more happening. Racial
unrest has been an ongoing wave, comprising protests and
riots, against systemic racism towards black people in the US,
notably in the form of police violence. The impacts of these
events have confronted the business community to act.
Diversity and Inclusion officer and management positions
were staffed, donations, public statements and commitments
were made. The fact remains that the results of these events
will reveal for years to come as decisions are being made now.
The now evidence however is that the events of late have
resulted, despite years of progress, in gender and diversity
taking a direct negative hit. In fact, we are now back at the
level’s women participated in the labor pool back in 1988.
While a record number of women were elected to Congress in
2020, there are other statistics that tells us that 80% of the
talent that left the labor force by September 2020 were in fact
women. The Bureau of Labor Statistics provides that this
includes 324,000 Latinas and 58,000 women of color. Maven
translatesthisdatatoresultinfourtimes(4x)morewomen
Leader’s Viewpoint
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40. than men have dropped out of the available talent pool these
past 12 months.This is compounded by the reality that despite
whatmanythink,thisisnotatemporarytrend.
The shift of human capital will not bounce back as easy as
economists forecast business to bounce back in coming years.
I believe that the exodus of talent shifting in the marketplace is
a trend that is actively shifting to men as well and some may
ask why? Well, burnout is a real problem, and it is still
unraveling before our eyes. Maven reported a 320% spike in
mental health appointments in recent months. Not surprising,
as I have declared to my own team that mental health can no
longer be taboo in the workplace. I have personally been
witnessing real burnout among the caregivers inside
businesses; be it your manager, your CEO, or your HR
representation. Everyone is tired and resilience is being
tested. Everyone everywhere is getting through this and the
future of work has not only changed, but we must accept it is
also evolving. It is all happening so fast in real time. I have an
11-year-old child that is on Zoom two times (2x) weekly with
a one-on-one instructor based in Mumbai, India. For many of
us, it is beyond comprehension. In fact, the way many adults
worked a year ago has altered in such a way; they are still
wrappingtheirmindsaroundit.
38 | June 2021 www.insightssuccess.com
43. Mona
Jalota
Krypton Global Investments understands that the Indian
market is a large and complex market, and even though it is
abundant with opportunities. International developers often
burn their hands and money with agencies/ agents/
marketing companies that have little or no knowledge on
the complexities of diversification for Indian customers.
Hence it is firm's philosophy to provide the developers with
transparent , sustainable and consistent services and
advisory that helps them nurture this large market for their
benefit. Mona says the company's tag line for them is “We
help you to connect with Indian audiences intelligently”.
Krypton Global Investments encourages channel partners
from various cities to begin their journey of selling
International Properties with it. As part of the Krypton
Network, channel partners who sign up with it, get to take
their business global. Krypton Network's unique platform
allows their channel partners to get access to worldwide
listings, attractive commissions and allows them to start
another revenue stream which is totally independent of their
current business.
Getting Better is the Best Policy
Mona's strategy and game plan has always been how to
better her own organization. How to make her sales staff
into advisors who can actually consult a client rather than
push product? How to keep updating knowledge? So that
the client finds value every time they speak with her. She
asserts “Competition is always how to do better today than
what we did yesterday.”
A Massage for Emerging Woman Leaders
According to Mona, every business woman should have
grit, determination, courage of conviction to follow the path
she has chosen. She adds, have a pragmatic approach
A Real Estate Professional
The 10 Most Innovative Business Leaders to Follow in 2021
still sometimes need to pinch myself to believe that I'm
Ian entrepreneur, I had, very early in my career slotted
myself as a job person; someone who is more
comfortable with structure, timings, fixed salary etc. Hence
no was surprised, as much as myself, when I decided to
become an entrepreneur in early 2018,” says Mona Jalota.
She is the Founder of Krypton Global Investments and
leading the organization with an extensive experience in all
verticals pertaining to Local and International residential
Real estate, gained from the last 8 years.
By 2018 , Mona had a decade of senior management
experience with her, and when she thought of her next
steps, the idea of starting Krypton Global Investments, a
specialized boutique firm agency providing clients with
end-to-end services which include buying and selling of
international real estate, sourcing of international
investment opportunities, assistance in legal consultations,
tax consultations and last but not the least Citizenship and
PR options, came so easily and naturally, that perhaps it
was already being manifested subconsciously for a long
time.
Offering Multiple Options
While Real Estate continues to be Mona's firms main focus,
the company has ventured into related services in
International markets to give an end to end solution for its
customers looking to diversify globally. The company helps
its customers by connecting them to the relevant
professionals for Tax Advisory, Legal Consultants and helps
them with all the facilities required for a smooth
transaction. It tries to understand all the benefits associated
with an investment and ensure that the client get maximum
value form the money invested.
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44. “I've lived a life that's full; I
travelled each and every
highway but more, much more
than this I did it my way”
“
towards the challenges that will come every single day on
this journey and embrace the humility of asking for work
and adapting to changing circumstances. Businesses are
made not only with the promoters but also the team that
stays with them for the journey hence compassion for the
team, an approach with a healthy mix of understanding and
discipline will help everyone progress together.
Managing through Roadblocks and Challenges
Over roadblocks and challenges Mona says that on her
journey the major challenges were the complete lack of
government support for women entrepreneurs, lack of
advisory for startups, tax compliances, retention of
resources and many others. Mona managed to overcome
them by always maintaining a sense of “cest la vie”,
optimism and belief that eventually she would work it all
out.
Assisting for Women Empowerment
On empowering women Mona says, throughout her
professional journey of over 12 years, she has tried to assist
the cause as much as she can. She adds whether it was
being an integral part of the Vishakha committee, choosing
to work with women in her team , being a mentor to junior
women or to stand by her colleagues and peers as much as
she could.
Last year, Mona was commended for all of these efforts by
her peers, when she won the “6th World Women
Leadership Congress & Awards”. She opines “this award
is purely given to people nominated by their colleagues and
peers. I hope to continue influencing women and
contributing towards their empowerment as long as
possible.”
On Myth of Meritocracy
Meritocracy expects for individuals to be successful based
purely on an individual's merit and regardless of their social
status. Currently even though this seems like utopia,
Startups are the hope that will challenge this status quo. In
today's business arena, startups provide equal opportunities,
hone unique marketing skills and encourage the
entrepreneur to capitalize and monetize their ideas.
Using Advancements as a Support
By keeping aware of the trends and never losing objective
that technology is used to make the business easy. Mona
asserts “by accepting that where you have limitations, you
will have the relevant technical support.”
Visioning to Get Ahead
For Mona her future objective is to include many more
diversified luxury products as a part of the Krypton
Portfolio.
42 | June 2021 www.insightssuccess.com
45.
46. A Prominent Personality in the Venture
Capital and Private Equity Industry
44 | June 2021 www.insightssuccess.com
47. NIN.VC is a unique and
rst of its kind attempt to
bring venture capital
retail and give people the
freedom to directly invest
in a fund with an amount
of their choice, which also
leads to a better nancial
reward system.
Atechno geek and a proficient fund manager, Nin
Desai has significantly contributed to Venture
Capital and Private Equity industry through her
venture, NIN Ventures LLC (or NIN.VC). NIN.VC is a
first of its kind technology venture capital fund to be raised
via world wide web.
Venture capital provides financing to early-stage emerging
companies with high growth potential in exchange for
equity / an ownership stake. The risks VCs take investing in
disruptive technologies or business models yield higher
returns their limited partners (or investors) require. Since
beginning of the 20th century, venture capital has been the
domain of wealthy individuals and families. A typical LP
based in a venture fund would be institutions, pension
funds, endowments, family offices, etc.
However, the 2008 Financial Meltdown led to a liquidity
crises for entrepreneurs, companies, LPs, & VCs. Fewer
IPOs in the market means no exits for VCs, no returns for
LPs, and as a result venture funds were on a decline. No
new funds mean less startup funding, low employment, and
slow economic growth. Thus, on April 5, 2012 The
Jumpstart Our Business Startups Act (the JOBS Act) was
introduced which enables crowdfunding for all Americans
and that's how NIN Ventures (or NIN.VC) came into
existence.
Impact of COVID 19
Crowdfunding is a practice of funding a project or venture
by raising contributions from a large number of people,
typically via the Internet. Since 2014 the crowdfunding
industry has grown from $16 billion to an estimated $34
billion in 2015 and is doubling or more every year, and
according to the World Bank estimates, crowdfunding will
have a global market of $96 billion by 2025 - 1.8 times
today’s global venture capital industry.
In the opinion of Nin, currently, the COVID 19 pandemic is
changing industries around the world, however one sector
that still continues to be promising is Venture Capital. The
year of pandemic turned out to be the second biggest year
for Venture Capital in history, with funds deploying $141.9
billion in investments in 2020. Few things that have
changed are longer pitch and review process time, less
favorable terms, more time spent on managing the existing
portfolio companies, etc.
Venture Capital investing is normally subject to great deal
of uncertainty about the future. Thus, VC practices have
evolved to manage these sources of uncertainty. The arrival
of the COVID 19 pandemic made it a necessity to
collaborate virtually on meetings, documents, and projects
and it is expected to penetrate into other aspects of the
finance industry, which has traditionally been a solo
consumer experience. However, the team at NIN.VC has
been futuristic about it and operate its business mainly with
the help of world wide web.
A First of its Kind
NIN Ventures is a unique and first of its kind crowdfunded
technology venture capital fund to be marketed, raised,
managed, and reported online. The General Solicitation and
general advertising, under the JOBS act and rule 506 (c) of
the US Securities Act made it possible for the company to
The 10 Most Innova ve Business Leaders to Follow in the 2021
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48. raise this fund. This rule came into effect Sep 23, 2013 and
NIN.VC was the first one to go live with a website and
videos about its fund. NIN Ventures also became the first
venture fund to be seen on a billboard, which was followed
by in taxi ads and other social media facilitated marketing.
A Hybrid Model
NIN.VC has the best of both worlds. It is a hybrid between
a traditional venture capital fund and a crowdfunding
portal. There is a major flaw with crowdfunding in general
and that is what NIN.VC is solving. Nin comes from an
entrepreneurial family so she can speak on their behalf.
Entrepreneurs are brave and courageous bunch that are
determined to change the way an existing industry
functions. On that journey they need lot more than just
financing. They need guidance or domain expertise, help
with PR/marketing, recruiting, viable exit strategy, more
often follow up financing, etc., which crowdfunding portals
are not able to support.
On the other hand, crowdfunding exposed investors to a
whole new asset class, which the normal population never
had the knowledge or expertise to invest in. About 99% of
startups fail, on top of that low minimum investments like
$1,000 does not give them a say or a board seat, putting
investors at high degree of risk.
At NIN.VC, it solved all of those issues. NIN.VC provides
diversification, takes board seat on all its investments, and
lends the necessary support that an entrepreneur needs to
build a business, like they would get at a traditional venture
capital fund. And, the venture is also in a position to gauge
and be a part of the valuation process when it comes to
addressing dilution and follow up financing rounds.
However, the most IMPORTANT part that investors cares
about is the ability to direct invest and enjoy direct returns,
which is not the case with a traditional venture capital fund.
Investing in Disruptive Technologies
NIN Ventures Technology (QP) Fund is currently available
to "accredited" individuals / firms for a minimum amount of
$100,000 using multiple investment options like self-
directed IRAs, defined benefit plan, or a regular checking /
savings account. NIN Ventures invests in series A & B
rounds of 3D printing, the 4th industrial revolution, cloud
computing, fin tech, education software, and other
disruptive technology companies.
46 | June 2021 www.insightssuccess.com