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November 25, 2022

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Capitalizing on her 14-year-old self’s science enthusiasm 12 years ago, Cathy Tie, transformed herself into a successful bioinformatician and entrepreneur.

At 18, the young Canadian became the co-founder of the $1 million dollar worth Ranomics company, a health risk prediction provider. While she co-founded Locke Bio, an e-commerce platform for pharmaceutical and other FDA-approved product suppliers when she was 23.

Today, the 26-year-old sci-entrepreneur shares that having a broader view is her key to being integrative and cross-disciplined in the many fields she is engaged in, as art and creativity are easier said than done.

During an interview with CNBC, Tie mentions her ability to connect ideas and see them far differently from how others perceive, including how science can grow and expand for beginners which she thinks is more artistic and creative than technical. 

This skill, however, is uncommon among teenagers. Yet, Tie’s innate dexterity manifested in her secondary years as she reserved a special place for science and relevant practical activities in her heart ever since a kid. 

Discontented with the standard curriculum, she wrote unsolicited letters to her professors seeking to tour the school labs, perform studies, and assist in their scientific projects, which taught her a lot until she had her first paper published in a peer-reviewed journal at age 16. 

However, she realized that getting entrepreneurial financing is better than relying on academic allowances since she could do more research. She applied to entrepreneur programs to assist her in the startup world.

Upon getting acquainted with Leo Wan who was then a Ph.D. student at the school where she was a neophyte, they worked together and were admitted into IndieBio, a startup platform that finances and mentors science entrepreneurs.

With Tie having prime knowledge on how to figure out issues on genetic trial precision, she subsequently co-founded Randomics with Wan after quitting college and leaving for San Francisco where she became the CEO for the three early years.

Thereafter, she was asked to apply and was accepted to The Thiel Fellowship, which aids a $100,000 subsidy to out-of-college inexperienced entrepreneurs.

A year following her collaboration with Cervin Ventures, she founded Locke Bio, which currently has three U.S. and Canadian business resources.

Tie’s business is nonexempt to challenges that a company experiences, yet, hard work and reflection make it possible for her to always “see the bigger picture. In this light, she and her team have a lot ahead for the company.

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Image Source: ©Studio Ghibli

News

World’s First Studio Ghibli Park In Japan Features Iconic Settings And Characters Animation

It’s the perfect time to visit Kyoto, Japan, as Ghibli Park opened less than an hour away from the city last November 1st. The new Park features some of your favorite animated scenes and characters from Studio Ghibli films.

During an event a few days before the park’s official opening, Studio Ghibli Co. chairman and president Koji Hoshino said that the start of the park has a significant meaning for them that surpasses almost three years of the pandemic.

Overall, the final design for Ghibli Park encompassed some 17.5 acres and was split into five distinct areas. Ghibli’s Grand Warehouse, the park’s centerpiece, is a huge indoor “town” with streets, displays, and reproductions of Studio Ghibli’s “Totoro” and “The Catbus from Outer Space” sets. The Ghibli Museum’s theater shows special short films to visitors of the new park and Tokyo’s Ghibli Museum.

There are also two restaurants, a souvenir shop, a vintage shopping district with lanes, and a play area for children. The “Hill of Youth” antique shop from “Whisper of the Heart” and “The Cat Returns” is the second tourist attraction. The park can be seen in its entirety from this vantage point.

The third and newest section of the park is the Dondoko Forest, which is themed after the anime film “My Neighbor Totoro.” Both the bouncy house and a Totoro-themed playground can be found there.

Valley of Witches will feature elements from “Howl’s Moving Castle,” about a young milliner who accidentally gets caught up in a war, and “Kiki’s Delivery Service,” about an earnest and hardworking young witch. 

According to the director and son of Studio Ghibli co-founder Hayao Goro Miyazaki, the park was conceived with the local community in mind. Miyazaki’s original intention for the site was to be a park, not a typical theme park with rides and attractions. He desires that the people of Aichi share his passion for their gardens, as he believes parks are primarily for the local community.

Check out their official website for ticket and booking information.

Image Source: Dominic Lorrimer/ Australian Financial Review

News

Australian Logistics Tech Firm Shippit Procures Singapore Startup Luwjistik for $11M

Shippit has announced that it will pay $18 million to buy the logistics SaaS platform Luwjistik, based in Singapore. 

Founded by longtime friends William On and Rob Hango-Zada in 2014, with a mission to improve shipping for small businesses, as they have personally experienced the drawbacks of online shopping.

After two years of operations in the region for the Sydney-based company, the Australian logistics tech company co-founder and co-CEO William On has relocated to Singapore to lead the new expansion and manage the existing 50-person Luwjistik team.

This comes after the company raised $65 million in Series B2 funding, which helped operations in Southeast Asia, and almost seven months after it bought the last mile logistics tech platform Premonition.

Shippit’s inclusion of Luwjistik’s co-founders, who bring extensive industry experience and connections to the table, is expected to revolutionize the company’s approach. The acquisition of Luwjistik will also enable the company to provide tailored solutions for the Southeast Asian market. Therefore, Shippit can be the best option for many who manage their warehouse or search for a logistics partner.

The startup works with carriers such as Ninja Van, J&T Express, and JNE Express, as well as logistics companies such as Maersk, POS Malaysia, Lion Parcel, and Summer International.

Within a month of launching Luwjistik, the duo raised US$1.1 million (AUD$1.7 million) in a seed round led by East Ventures, including MDI-Arise Finches and Global Founders Capital.

William anticipated a significant increase in e-commerce in Southeastern Asia, which will continue if Shippit and Luwjistik join forces. Currently, they can provide a one-stop platform for enterprises and the expanding SME segment, particularly in Indonesia, Malaysia, the Philippines, and Thailand.

More than 40 million deliveries were booked via the Shippit platform in the fiscal year 2022. Since its inception in 2014, Sydney-based Shippit has fulfilled e-commerce orders worth $5.5 billion for more than 3,500 retailers.

“I strongly believe that by combining our strengths, we can continuously innovate and offer the most impactful, reliable, and relevant solutions to a fast-changing, dynamic market.” – William shared with Business News Australia.

Image Source: Social Bella

News

A Millennial’s Gamble Pays Off As Her New Beauty Product Line Has Just Raised Over $225M

When the pandemic struck, all Chrisanti Indiana wanted to do was help her family and create jobs in her community.

Nonetheless, as the pandemic worsened, each day appeared to be a gamble. She gambled on her dreams, created her employment opportunity, and risked everything for her family because she had no safety or security options.

The Indonesian co-founder, and chief marketing officer of Social Bella, surprised everyone by taking her successful online store offline. In 2019, her online beauty and personal care store, Sociolla, already had two physical locations in Indonesia. It currently operates 47 outlets in Indonesia and 16 in Vietnam, making its earnings multiplied by ten by the end of 2021.

It started after Indiana had finished her studies in Australia in 2015 when she moved back to Jakarta, where she conceived the idea for Sociolla.

Chrisanti found that Australia was a great place to stock up on her favorite cosmetics because of the abundance of international brands. There couldn’t have been a bigger contrast with Indonesia.

With a combined $13,000, Indiana, her brother, and a close friend founded Social Bella to provide customers with access to legitimate goods and services.

“Since we started, we ensure that we only work with authorized distributors or brand owners,” Indiana said. 

The three founders of Sociolla had bigger plans than just building an online store. They have expanded beyond offline stores to become a global beauty and personal care product distributor. In Indonesia, they also became an associate partner for numerous international brands.

‘We want to ensure that we are scaling up and reaching more and more consumers. If Social Bella becomes a unicorn, it’s a bonus.” – Chrisanti Indiana shared with CNBC.

Image Source: DoorDash

Blogs, Development, Ideas, Stories

What Separates DoorDash Founder Tony Xu From The Rest Of The Tech Billionaire

Learn more about Tony Xu, the co-founder, and CEO of DoorDash, the most extensive service in the US for delivering food. Xu is a Chinese-American tech billionaire who has worked for eBay and PayPal in the past, but he attributes his current success to the experience he gained working as a dishwasher.

DoorDash went public in December 2020 after being co-founded in 2012 by a group of excellent Stanford University students, including Xu. Today, the platform has more than 6,000 employees and more than half the market share in the food ordering and delivery industry. Company earnings for 2021 were reported to be over US$4.8 billion.

Xu shared that he once felt discriminated against when surrounded by other entrepreneurs who were different from him. As the sole Asian-American cofounder of the company, he proudly and responsibly accepted the challenge. He is aware that there are not nearly as many Asian-American CEOs or other types of founders, so he remains a minority throughout this setting. He believes it serves as a gentle reminder always to recognize that and to maintain a lowly but humble attitude.

Not only has Xu found success with DoorDash, but he also serves on the board of directors for Meta, the parent company of Facebook, and was named to Fortune’s 40. He is also a huge NBA fan, leading to DoorDash becoming the league’s first official food delivery partner.

As of 2022, Xu’s net worth was estimated at US$1.3 billion, placing him at #2,190 on Forbes’ list of billionaires.