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February 5, 2025

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Most people often overlook long-term care until they are older or faced with no other choice. Unfortunately, by that point, it may already be too late. Lily Vittayarukskul was pursuing a degree in aerospace engineering when she witnessed both her oldest brother and mother battle with an illness that required extensive long-term care. The situation became even more challenging when her aunt was later diagnosed with terminal colon cancer. The seek for quality care became daunting, even for those fortunate enough to have some form of insurance.

As a member of a Cambodian immigrant family, Lily experienced the challenges of caregiving firsthand, but the financial burden became unbearable. In a recent interview with TechCrunch, she exclaimed,  “It wiped us out financially.” The profound emotional and financial impact of the experience ultimately led her to shift her focus to genetic and data science.

Finally, in December 2021, she decided to take action by founding Waterlily, a San Francisco-based startup aimed at helping individuals and financial advisors navigate long-term care planning through cost modeling and funding strategies. Using artificial intelligence (AI) to forecast a family’s future long-term care needs and expenses, Waterlily predicts a family’s future long-term care needs and expenses, guides them in creating a care plan, and identifies the most suitable ways to finance it. Options may include purchasing life insurance with a long-term care rider, investing in a dedicated LTC policy, utilizing annuities, or self-funding.

Lily explains, “Most people begin thinking about long-term care between the ages of 65 and 70, or only when they need it, but by then, it can be too late.”

Leveraging more than 500 million data points and machine learning algorithms, Waterlily delivers highly personalized care and cost predictions. The platform forecasts when long-term care may be required, how it will unfold, and the potential expenses involved. Lily proudly states, “We have formal data-sharing agreements with long-term care providers, government databases, academic research studies, and individual users.”

Waterlily’s vision is undeniably compelling, and Lily isn’t the only one who sees its potential. She initially launched the company as a solo founder, but it soon caught the attention of angel investor Evan Ehrenberg, the former founder of Clara Health. Evan became intrigued by Waterlily’s early research and the industry’s reaction. Curious, he tested the platform himself and was stunned by its long-term care predictions—so much so that he hired a personal trainer, adjusted his diet, and revised his financial plans. Impressed by its impact, Evan, who became MIT’s youngest neuroscience PhD, officially joined Waterlily as a co-founder.

Evan Ehrenberg [left] and Lily Vittayarukskul [right] together (Image Source: Evan Ehrenberg)

Lily believes Waterlily differentiates itself from competitors by providing a more personalized experience through deep predictive modeling integrated into a user-friendly platform. Although it only launched in March 2024, the company’s monthly recurring revenue (MRR) has already grown to more than 22 times its initial level. Waterlily now serves eight major clients, including several Fortune 100 insurance carriers and Prudential.

Looking ahead, Waterlily aims to expand its services to include disability, critical illness, hospital indemnity, and Medicare planning, enabling families to make more informed health coverage decisions. Additionally, the company is exploring opportunities for international growth, with plans to enter markets in Asia, Canada, and the U.K.

John Kim, former president of New York Life and investor of Waterlily, sees the platform as the first AI-native guidance tool addressing one of the most pressing challenges of an aging American population.

Kim concluded, “Long-term care insurance is a growing and largely underserved need among trusted advisors today. Waterlily’s guidance tool stands alone in its ability to provide customized, personalized recommendations for long-term care needs. I believe it will be a game changer for the LTC insurance marketplace.”

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What Motivated A Cleaner To Become Singapore’s Primech Services & Engineering CEO

Starting out poor and being dumped by a girl because she saw no better life with a cleaner is truly a successful and inspirational story for a man who now makes fortune.

Instead of getting frustrated, Vernon Kwek used his heartbreak and the discrimination he went through from his girlfriend who chose a university guy over him as a motivation of working hard and striving further in life.

The 48-year-old is now Singapore’s Primech Services & Engineering CEO who owns a 10% share in the company.

Simultaneously, Vernon also runs A&P Maintenance Services and Maint-Kleen, two other cleaning companies handling some of the biggest companies in Singapore, including Changi Airport Group, with over 3,000 employees under his power.

Vernon was born to a humble family. When he was barely 13 years old, he helped his father find a new job after losing the latter’s job as a salesman.

After his father was accepted as a cleaning supervisor, Vernon manifested his hard work and family-orientedness by helping his father in cleaning toilets and offices during the weekends.

A year after, he gave up school just to work as a full-time cleaner to help his family. Being a responsible teenager, he was shortly promoted to cleaning supervisor at the age of 14.

“I asked the manager if he was sure. My dad became a supervisor only when he was 40. I was only 14. But he said: ‘Don’t worry. You have your dad’s genes. He has leadership qualities, you should have the same too,’” Vernon shared in Strait Times

Later on, he was again promoted to a higher position as a senior supervisor until he finally became the company’s CEO.

Nevertheless, Vernon experienced many downfalls in his journey but never lost hope as he was determined to have a better life. Now, he is a successful family man with four kids.

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A College Freshman’s “Failure Class” Podcast Project Paved Her Way To Times Square

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.

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Former Teachers Went Outside of Their Comfort Zones, Found Success in MilkTea-Inspired Taho Shop

Both Filipino educators, Camille Ona and Marvin Paclibare found a different world and passion out of their classrooms during the pandemic as teachers-turned-entrepreneurs and founders of Taho Klasiko, a special milk tea-inspired taho shop.

Breaking free from their first-loved profession, the two sculpt their name as entrepreneurs who choose to walk into another path.

Marvin said that if not for the pandemic, he might still be teaching now just as he thought that he would forever be a teacher. He also added how he realized that there is a bigger world waiting outside teaching.

With people becoming more mindful of their health, especially during the onslaught of the pandemic, Marvin said that they eyed tendering a healthier version of milk tea.

The shop attained a grand slam as the two now earn 6-digit figures per month, an amount far way better than their incomes as teachers in the Philippines.

Camille mentioned in an interview that although they are still passionate about teaching, they just chose to be practical.

Despite entering the world of business, the owners are still having the vibe of teaching as entrepreneurs who are open to learning and improving their craft just like when they were still teaching.

They also shared that they hired working students to extend help to them. 

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“It’s not enough that you have a dream; you need to work hard to make it a reality,” Camille added.

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Slime Company Started By High School Student In His Garage Made $1.2 Million Sales After Joining “Shark Tank”

Mark Lin was only 17 when he started selling food-scented slime out of his Burbank, California garage in 2020. 

He then won over venture capitalists on an episode of ABC’s “Shark Tank,” with his zeal for pitching and the amazing yield his company was generating, where $300,000 was a net profit out of the $540,000 in sales he obtained at the time.

With the assistance of a couple of his buddies, whom he employed for packaging and shipping, Lin, a high school freshman and novice in the industry, developed the slime successfully, enabling him to make $50,000 in sales in his first year of operation.

CNBC reports that Lin’s sales increased to $580,000 the following year.

Sliimeyhoney now sells edible and food-scented slimes with flavors like banana milk, hot cocoa, and birthday cake batter for between $10 and $16 per six-ounce jar utilizing Tiktok as his marketing platform.

The company consistently achieves sold-out sales for its weekly introduction of new products to its almost one million followers.

After a thorough negotiation with Kevin O’Leary and Daymond John, Lin secured $150,000 for 20% share from the two.

This, according to Lin, will be beneficial in moving his company from his garage into a warehouse and gaining mentorship while he still pursues his studies.

John was quoted saying “I believe in you, and we’re going to make sure you go to school, and I will help you with this business.”

Lin is now a first-year college student at UCLA with his company continuously rising.