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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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Image Source: Twrl Milk Tea

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These Two Moms Started Milk Tea Company To Take Pride Of Their AAPI Identity

In order to realize their dream of founding a food company, Olivia Chen and Pauline Ang chose to create Twrl, a milk tea business that embodies their beliefs as mothers, graduates of Berkeley, and members of the AAPI community.

For their whole 20-year friendship, they have always shared a love of food.

In spite of the challenges of setting up a tiny business in the midst of a pandemic, Pauline took the time to experiment and eventually make the tea she wanted. In the Twrl, she invented the first vegan, low-sugar, and low-fat milk tea.

The two eventually hired a co-packer and a food scientist for their canned and on-the-go product.

The co-founders’ early supply purchases from small family farms had been stirring. They were able to help them by making them their suppliers and even assisted them to get non-GMO certification through their products.

Because peas have a neutral flavor, require very little water, and produce significantly fewer carbon emissions than soy and almonds, Twrl used them to make sustainable milk tea.

Olivia and Pauline chose the name Twrl for their company based on a Chinese tale about brewed tea. Twrl is a company that embodies tradition and history with a touch of modernism.

As Asian-Americans who grew up drinking milk tea as part of their family heritage, they are major admirers of it and have even changed its ingredients with their loved ones.

Olivia went on to say that teas in cafés have extremely high-calorie content, low-quality ingredients, and impractical portability. In Twrl, they created its antithesis.

Olivia said they are motivated by the need to create a product that accurately represents America as a nation of immigrants, just like them and their families. A company that offers people the chance to blend their races and serve as role models in the community.

She clears up that as the organization’s founders, they are an Asian-American brand rather than an Asian or American brand.

Image Source: qz.com

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How This CEO and Co-Founder of Insurance Company Raised $25M During Her Pregnancy

Founding a business startup and starting a family simultaneously was proved possible by the CEO and co-founder Hanna Wu of Amplify Life Insurance, a life insurance platform focused on helping people build wealth.

Wu first realized the importance of insurance policy when her 20-year-long best friend lost his father and financial backbone at the same time after the latter’s father died of cancer.

Upon knowing more than a year ago that she was pregnant, it gave her mixed emotions as a 16-hour working woman who travels from here and there.

Trying to sort out the situation, she researched articles on early-stage founders as moms but failed to find ones that fit.

As a BIPOC member, she sought a community from the same race who are also women founders only to find out that barely 7% of the global fintech community are women and that they only receive 2.4% of the total capital invested for startups.

Finding no one, Wu felt alone and wondered how others balanced the various startup stages while starting a family.

The journey was never easy for Wu but truly, hard work, goal orientation, and perseverance make everything achievable.

Wu started to plan everything before and after her delivery and how she would be able to raise funds for her business considering the time when the market dropped so low.

While thinking about getting a nanny and how the set-up would be after her delivery, Wu engaged in lower-stakes conversations to test investor sentiments, and fortunately, she was able to secure a large reinsurer’s venture arm.

Wu also woke up early in the morning daily to study for her investment adviser exam and everything else she did with her impending delivery as motivation.

Three days before finally giving birth, they signed the term sheet for the company.

In the 9-month time of pregnancy and struggle towards establishing the business, Wu raised over $25 million in investments and thereafter hired a full leadership team, kicked off their RIA status, signed several significant partnership contracts, and grew their revenue four times: everything planned in her to-do list.

With her success, she shares in Quartz 5 work strategies to prepare for parenthood:

Sort your parental leave plan. It’s harder for early-stage founders to take leave, but preparing your care plan and naming what’s important to you.

Consider your travel schedule. Prioritize travel by business needs, and don’t be afraid to break from the way it “should be” done.

Become an expert on roles and responsibilities at home. You, your co-parents, and caregivers must become experts on the roles and responsibilities at home. Stay connected to the right people and in the right ways. 

Plan for everything and expect failure. Be easy on yourself when mistakes happen, or roadblocks pop up.

You don’t have to choose. We don’t have to choose between our careers and families. It’s not easy, it will be far from perfect, and undoubtedly you’ll need a lot of support, but you can have it all if that’s what you want.

Image Source: NBC Sports

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Dallas Stars Jason Robertson Carves Name in NHL History As Highest Pointer in Latest Season

Jason Robertson made NHL history by playing the second longest-drawn-out game in franchise record and the most lengthy game in Dallas history.

With 22 goals, the most in the NHL, the 23-year-old Filipino-American left winger for the Dallas Stars, made his season a success.

Robertson extended his point streak to 13 games, tying the Dallas Stars record set by Dave Gagner in the early 90s with a point over their opponent Blackhawks on Wednesday.

On Thursday night, he scored three goals, which were assisted by Joel Kiviranta and Wyatt Johnston, as well as Oettinger’s 31 saves in a shutout victory.

His 39 points ranked second in the league, trailing only Connor McDavid and setting himself as the highest-pointer in the 24 games of the season for Dallas Stars. 

Leading the way for the Stars, the victory was the team’s second straight triumph and was the 10th time Dallas had scored points in the previous 11 games.

Additionally, Miro Heiskanen and Roope Hintz also both enjoyed multi-point outings with three and two assists, respectively.

Stars coach Pete DeBoer reportedly claimed that “Robo is a guy that’s honestly hard to defend because he scores in a bunch of different ways,” according to the Dallas Morning News.

“He can score off the rush, he scores kind of lurking around the quiet areas of the ice waiting for the puck to come to him. It always seems to come to him. Tougher to defend a guy like that isn’t predictable,” the coach continued.

Coach Pete also remarked on how amazed he was to see Robertson play such an exceptional game and how incredible the player was for making it seem simple despite the difficulty of the game.

With his nightly exploits, Robertson is starting to catch the attention of the hockey world, which is quite an achievement in a market like Dallas, far from the hockey capital of Toronto. 

He’s outperforming expectations for his $7.75 million cap charge and propelled himself into the early race for the Hart Trophy.

Furthermore, Dallas Stars captain Jamie Benn stated that Robertson is leading the attack with confidence.

Image Source: South China Morning Post

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Earthquake Victim With Amputated Legs Masters Dancing With Husband’s Self-Made Prosthetic Limbs

Nothing is impossible to 30-year-old Liao Zhi of Sichuan, China who lost her legs during an earthquake in 2008 but now mastered the art of dancing while wearing high heels with her now husband’s self-made prosthetic legs.

The Chinese former dance teacher caught the online community’s attention with her talent and story being an epitome of hope and faithfulness.

“It’s like she dances with life,” a netizen commented.

During the tragic incident in Sichuan where Zhi was trapped in the ruins of a building for 30 hours, she not only lost her legs but the most important persons in her life, her 10-month-old daughter who died in the disaster and her husband who divorced her seven months after the tragedy.

Being the only one to survive in the devastated building, the brave woman neither shed a tear nor complained of everything she went through including her legs being amputated.

Instead, Zhi said that “The earthquake gave me rebirth.”

After learning to walk with her artificial limbs, Zhi moved on from the nightmare by continuing and staging her passion in different places.

Although the training had been difficult and painful, Zhi was determined in doing what she loves. 

According to the South China Morning Post, she and her husband-dance partner defeated competitors in China and won as first runner-up in the reality show Dance Out My Life in 2013. 

Her husband became her strong support in recovering from her downfall.

Despite having been through a lot, Zhi remained optimistic. “Dance is my ray of sunshine, and while I would also be fine if I didn’t dance, I would not feel the same sense of joy that it gives me when I do,” she said.

Being an inspiration to many, Zhi’s life story was turned into a play entitled Angel’s Psalm that was staged at Kwai Tsing Theatre in 2015.

In an article by CCTGN, it was said that Liao is currently a happy wife as well as a proud mother. However, she is still fighting for a higher ambition – helping more people like her to recover their life value.