Stories

December 20, 2022

SHARE:

When Weilyn Chong’s name and photo appeared on a Times Square billboard from the Nasdaq Tower, it instantly went viral, inspiring many young Singaporeans to pursue entrepreneurial endeavors.

Weilyn acknowledges the value of entrepreneurship in Southeast Asia despite the fact that the majority of her work with founders is focused in the US.

Growing up, 20-year-old Weilyn Chong has lived from one place to another between Singapore, Hong Kong, and the Netherlands which made her immersed in varied cultures.

Weilyn’s global exposure enabled her to be more flexible in dealing with many kinds of people especially since their family annually joins in Singapore Global Network events.

Despite their frequent moves, Weilyn’s mother made sure to give them a strong sense of connection to their roots by taking them to see their grandparents, spending time with family, and eating Singaporean food. 

The Singaporean third-year economics student at Princeton University expressed how being among passionate individuals inspires her.

Weilyn started a podcast about women entrepreneurs with her failure project for “The Other ‘F’ Word” class when she was still a freshman, and she has since enjoyed it.

Together with her high school friend Ali Debow, she even converted it into a regular extracurricular activity by co-founding The Entrepre女ers Network, a podcasting startup that connects and promotes female entrepreneurs with topics including design, young changemakers, and Gen Z female founders.

Weilyn wants to increase the visibility of female business owners and give them connections opportunities. Her team has spoken with over 130 creators in a year and increased their listenership and social media reach to 30,000.

She said that they hope to get young females to dream of being an entrepreneur and understand that entrepreneurship doesn’t have to look a specific way.

Learning that bias happens between genders in the global arena as only 2% of total venture capital funding goes to women because they are women, she attended a conference put on by the Nasdaq Entrepreneurial Center (NEC) to address the complex issue of inequity in venture for entrepreneurs of color and women entrepreneurs.

There, she met people from the Center and expressed her interest to get involved in the work they do in any capacity. 

She was asked to join the NEC board in order to represent Generation Z and put a spotlight on young entrepreneurship.

“I grew up thinking those two things are mutually exclusive – either you do charity work or you make money. But what we’re seeing is that you can raise a lot of money and make a positive impact on the world,” she said on CNBC.

Related Articles

Image Source istock

Uncategorized

New Report Says There Is Still A Talent Crunch In Southeast Asia Amidst The Layoffs

One of Southeast Asia’s biggest job platforms, Glints, just put out a report that shows the situation may not be as severe as they seem.

Glints co-founder and CEO Oswald Yeo told TechCrunch that there has been a lot of funding injected into the IT business. This is a response to the two-to-three-year bull run, and as a result, several firms grew swiftly. 

Yeo said that Singaporean firms seemed to adapt fastest to macroeconomic changes and that this wasn’t a terrible thing because other firms wanted to move swiftly, too. 

Operations, finance, HR, and certain sales and marketing teams have been hit hard, while businesses turned to Vietnam and Indonesia, which have fewer layoffs, for top-tier technical personnel. Moreover, the pandemic has created a decentralized-minded workforce.

Yeo observed that the pandemic had made remote work more convenient, necessitating cost-cutting measures. Many firms turn to remote employment to optimize their human and financial capitals. 

They have seen that remote work prospects on Glints have expanded tenfold in a year. Some regional firms in Malaysia continue to hire foreigners, while others only hire Malaysians. According to Glints, mid-to senior-level employees’ compensation won’t diminish, but junior talent may.

One-year fixed-term contracts are another trend that helps firms predict their financial destiny, as employers are wary about signing long-term contracts. 

He believes that not everything was awful — the need for technological and product skills on Glints favored job seekers.

Layoffs help startups build core teams. Yeo said that because there is less rivalry for talent, it’s a fantastic moment for organizations in a strong position to hire top managerial talent.

Image Source generocity.org

Uncategorized

Founder of Penn Asian Senior Services Im Ja Choi Passed Away At 73

A well-known supporter of Asian American seniors and the founder and emeritus CEO of the nonprofit Penn Asian Senior Services, Im Ja Choi,  passed away on Wednesday, June 22, from lung cancer in a South Korean hospital, she was 73. 

A memorial service will be conducted on July 16 at 3:00 pm at the Evergreen Center in Philadelphia. Contributions in her name will be appreciated.

Ms. Choi was born in Seoul, South Korea in 1948, majored in literature, and graduated from Korea University. She moved to Philadelphia after marrying her childhood friend Jung Choi in 1971, where she studied organizational dynamics at the University of Pennsylvania. She was a top-producing real estate agent in the 1980s and 1990s. 

She started Penn Asian Senior Services in 2004 to help Asian American elders with linguistic and cultural obstacles. Because she couldn’t get home care for her mother, and after hearing horrible experiences from other caregivers, she founded the charity that provides in-home care and homemaking services in over two dozen languages.

She undertook the fundraising efforts and strategic planning of the nonprofit, for which the charity received grants from the U.S. Department of Health and Human Services and numerous organizations. 

Moreover, she has also opened an adult day care for immigrants with language and cultural barriers, a state-licensed vocational school for entry-level Asian health-care workers, and a seniors community center. 

In 2013, she received the Ellis Island Medal of Honor from the National Ethnic Coalition of Organizations. The Independence Blue Cross Foundation president Lorina Marshall-Blake wrote that the region needed more health visionaries like Im Ja Choi. Ken Yang, CEO of Penn Asian Senior Services, said Ms. Choi’s care, generosity, and love for her family and community matched her innovative leadership.

She was also recognized by the governor as a 2014 Distinguished Daughter of Pennsylvania for her “extraordinary service and achievements to the Commonwealth.” In the same year, she gave the commencement address at Penn State Abington where she quoted “Where there’s a will, there’s a way.”