[RECAP] NextIcorn International Convention 2018

Last week, David Soukhasing, Valencia Dea, Riaz Bhardwaj and Meredith Peng form ANGIN had a chance to attend NextIcorn International Convention 2018, hosted by Amvesindo. NextICorn gathered selected potential startups, curated by NextICorn Coordinating Board, to discuss and pitch for investment opportunities with over 100 venture capital representatives after undergoing selection process with several requirements.

Through the event, we had a chance to met the startups, caught up with old friends from the ecosystem, connected with new investors who are interested in the Indonesian ecosystem. At the panels, NextICorn representatives, who were among Indonesia’s most investable startups, shared their insights into the opportunities that exist in each of their respective verticals. On the other hand, the panel of prominent international investors shared the stage and their perspectives on the opportunity landscape in Indonesia, while domestic investors  shared their  insights into investing in Indonesian startups.

With the aim of making Indonesia as a “digital paradise“, NextICorn aim to see investment perspective in the Southeast Asian region, especially Indonesia, through the eyes of global investors. In other words, issues including concerns over the regulatory sector, investment climate, competitiveness, regional GDP and growth rate, as well as the critical decisions to address “Series B” funding gap for the startups will be covered. Within this event, ICT Minister Rudiantara addressed the current strategic and regulatory framework as being considered by the Indonesian government to induce further growth in Indonesia’s digital economy sector.

Photo credit to : www.kominfo.go.id

 

Eileen Kamtawijoyo: COO & Co-Founder of Populix

Tell us about yourself.

My name is Eileen Kamtawijoyo. I am the co-founder and COO at Populix. I met with my co-founder, Timothy when we were studying at the University of Cambridge. I was doing my master’s and he was doing his PhD. When I went back for good, I worked at Djarum’s new business initiative, which is their fast moving consumer goods company. Since there were a lot of product concepts that needed to be tested, I found out how market research in Indonesia is very costly and inefficient. Not only does it take a very long time, but the data quality is lacking as well.

When Timothy came back to Indonesia for good, I had already been working with Djarum group for around two years. We were just sharing ideas and brainstorming together, and he was telling me about the advancements made in academic research abroad. Suddenly, we thought maybe there was something we could do to solve the problems here in Indonesia’s market research space.

Around three to six months after the initial conversations that we had, we jumped in and started the journey of building Populix together. Populix itself has been established since December 2017, but we just started running operationally in January 2018. During the 9 months of Populix’s existence, there have definitely been many ups and downs. However, everything has been very worthwhile; so many learnings took place that forced us to stretch beyond our comfort zones and beyond our capabilities imagined.

Populix is a technology-enabled research startup. We are building a consumer insights platform that bridges companies and survey participants. Participants can come onto our platform, register themselves, and fill out their data: their age, their income level, where they live, etc. They are then rewarded every time they participate in a study. Meanwhile, researchers also come onto our platform looking for participants of their target market. They can conduct the survey and have real-time data analysis in their dashboard. In the future, researchers can also buy off-the-shelf data sets from our library or subscribe to these reports on a periodic basis.

What did you find the most challenging as a first-time entrepreneur?

Back then, we were both effectively managing directors, because literally we were managing everything from the very little things to grander things like strategy of the company. You begin to remember the things that you took for granted when you were working in a big company, and you finally realize how much effort it takes to create your own thing. You won’t realize it until you experience it for yourself.

Another challenge was in terms of skill sets. I needed to learn a bit more about finance; back then, I really had no professional experience on finance. So I took some online courses and watched YouTube to teach myself. It’s important so that at least you can have some sort of a financial statement for you to present to the venture capitalists and stakeholders you’re sharing it with when you’re fundraising.

And then there was product development. Timothy and I are both not really tech people. We really have to try our hardest, even up until now, to learn how to communicate with developers, familiarizing ourselves with the different programming languages that we should use, and the reasons why.

We’re still learning as we go. It’s been difficult, no doubt.

What makes you want to continue being an entrepreneur, then?

Well, I’ve always wanted to become an entrepreneur. I feel like it’s so much more rewarding; when you see something that you created yourself — your own vision — coming to life, it gives you a deep sort of satisfaction within yourself. It’s truly rewarding.

And the deeper I go on this journey, I feel that same rewarding sense. It’s just a matter of setting up a strong mentality from the get-go. After all, it’s going to be tough. But you just need to persist. You just need to persevere.

What do you look for in a good co-founder?

I think what makes a good founder is that first you need to know what are the skill sets that you already have — what are your strengths? With the other co-founder, you want to have him or her fill in the gaps or weaknesses that you have, so that you can complement each other. For example, maybe I have more of a reserved personality, while Timothy is more confident. It balances well when we meet with investors or when we are presenting our startup.

What’s more, you both must really believe in this idea. At the end of the day, everyone is going to be against you — even your family and friends. This is vital since there will be times when you may be questioning yourself as to why you are doing this, and to have that someone who can keep rooting for the idea and to keep up the momentum will help you push on.

How is it like to be a female founder? Any advantages or challenges?

So far, it’s been good. I believe that in any organization it’s good to have a balance between males and females because diversity brings richer discussion and richer perspective.

I feel it’s actually advantageous to be a female founder in a way; whenever I was applying for our startup to pitch in competitions, for example, it always have women founders are strongly encouraged to apply, something like that.

I also know that there’s also a lot of organizations who actually are supporting startups with female founders. For example, in the US, you have Melinda Gates setting up an institution to fund women founders. So I think in a way it’s good. I don’t feel like any discrimination or whatsoever. I actually feel encouraged because women are being seen and supported now.

How was it like to be a female employee versus being a female startup founder ?

Perhaps, I just share a bit of my experience. After graduating from my Bachelor’s degree, I was working at Campbell’s Soup in the US, as R&D (research and development). Our CEO was female. It was really empowering for me to see how females can hold such important roles and leadership positions.

And then when I was doing my masters, I found a lot of female PhD candidates, working on amazing and groundbreaking theses.

So, I felt far more encouraged after these experiences than when I was younger. I grew up in a traditional Chinese family, where women are not necessarily encouraged into leadership positions. For instance, higher education and completing a PhD may not be recommended by my parents, since it may result in difficulty finding a spouse. Nevertheless, I feel my journey has been truly blessed, since I am constantly surrounded by many strong female personalities that all encourage me to follow my pursuits.

Do you have any role models?

I don’t have just one per se. I really like Jack Ma; he is really someone who went from zero to one hundred, making it super big. It makes me think that you can’t complain. Like this guy has been through worse. At least I have the advantage of education and having a supportive family. So what’s my excuse? I also really respect his grit and his tenacity of never giving up. He always shares stories of how he pitched countless times, got rejected, but kept on going. I really admire that of him.

Where do you want to be in 10 years?

I really want to make more of an impact, not just in terms of business but also social impact. Maybe I can assume a role in the government sector. Who knows? I want to be a part of shaping Indonesia for the better, for future generations to come.

Do you have any advice for other young women who are looking to start their own ventures or dive into entrepreneurship ?

My personal advice is to first find out what your passion is. It may sound cliché but there are going to be tough times ahead, so you need to really enjoy what you do. Then, really just dive into it since I believe that if you have the will, you will find a way.

And of course, putting in all the hard work, the long hours, and having the curiosity to keep learning is vital. Since there are so many things that we will never know, you need to constantly have that hunger to continuously learn. And meet a lot of people, because you will learn a lot from them. Ask for their advice – don’t be scared to ask questions. In a nutshell, be a lifetime learner, network a lot, and continually persist.  

[RESEARCH INVITATION] The Downs of an Indonesian Tech Startup Journey

Calling all startup founders in Indonesia!

We invite you to join in our new research project on “The Downs of an Indonesian Tech Startup Journey”. We are conducting a quantitative and qualitative research to understand more about the problem faced by most of tech startup founders in Indonesia, and share it back to the ecosystem so everyone can learn and not make the same mistakes.

First of its kind in Indonesia, the purpose of this research project is to use precedent cases of failure and mistakes to guide entrepreneurs and support organizations (e.g. accelerators, VC, universities) in their entrepreneurial journey. We will maintain absolute confidentiality of the primary data collected and won’t disclose participant’s names. We have already received more than 100 contacts from a previous round of participation.

So if you:

– Are a tech startup founder operating in Indonesia.

– Have already received external investment.

– Are willing to share your stories about the challenges that you faced in building your startup and that pushed you to pivot radically or to close down shop.

Or you may know peer tech startup founders that could be a good fit for this research. Please share your contact details (or other founders that you may refer) via this link:

I WOULD LIKE TO PARTICIPATE

The deadline for the registration of this research is November 16, 2018.

For further details or questions, please contact: research@angin.id

Gitta Amelia: Founder & General Partner at EverHaüs

Tell us about yourself.

My name is Gitta Amelia. I am the founding partner of EverHaüs, a digitally-native venture capital company established in November 2017. We are a millennial-first team and our mission is to empower a new generation of entrepreneurs. I am a Venture Capitalist because I love how venture capital is the first financing product that levels off the playing field and gives people a chance to become entrepreneurs, regardless of biology or background.

At EverHaüs we’re focused on early stage investments, which we call our core investments. For these investments, we are hands-on investors. This is different from our non-core investments – which are typically participations in larger or foreign deals – where we partake as a silent shareholder. The reason why we are focused here is because we know this market very well, given our roots in Frontier Market Research in Indonesia. We believe that with the help of our partners and our other limited partners (LPs), we’re specially suited to help our portfolio here. We also take an ecosystem approach and are big on synergies. If an investment comes to the table where we feel like it could really synergize with all of our portfolios, then we give those opportunities a little more weight.

When we first started, we decided to enter the early stage because we sensed that a fund creep was happening, where a lot of the funds are getting larger and writing larger checks for later-stage deals. The first and second wave of Indonesian funds are now series B and pretty much focus on growth equity. When we first established ourselves, our brand recognition grew quickly just over the course of one year — the reason being because there aren’t many investors left at this age. As a result, our deal flow is very strong.  

My investment journey actually started four years before I founded EverHaüs. I was angel investing with my father. EverHaüs was established as an independent vehicle because I truly believe these startups need the right kind of support to succeed, independent of a corporate agenda. At the early stage, we must support the founder’s vision and mission when you invest in them.

What excites you about the Indonesian market? What investment opportunities exist?

From Frontier, we’ve built a very strong foundation in terms of our B2B relationships in this market. What’s exciting about Indonesia is that many traditional companies here understand the growing importance of the digital economy but have a hard time either targeting digital natives or transforming their company to go digital. So, investing in small teams is exciting because we have a vision of the future that involves these passionate teams.

From what I’ve seen over the past year – being very much on the ground and having heard likely over 500 startup pitches – I think there is indeed a new generation of Indonesian entrepreneurs sprouting up. The opportunity is always there; it depends where you look for it. On a macroeconomic standpoint, I do believe that we are about eight years behind China. We see that GDP per capita is exactly the same today as China’s eight years ago: that is, US$13,500. Mobile penetration is at similar levels. The same kinds of problems that we’re facing in Indonesia are the same as China’s eight years ago, such as financial inclusion.

About five months ago, I was in Hangzhou as an advisor to the Alibaba e-fellowship program. During the two weeks in the Alibaba Headquarters, everything that we believed about China and Indonesia, such as the time gap between the two markets, were confirmed for me.

Mirroring China’s generations of startups, you’ll see a lot of unicorns that will pop up in Indonesia playing a supporting role to the online economy very soon.

You mentioned the profile of the typical Indonesian entrepreneur is changing. What is that like now versus before?

So I think one thing will always stay the same: a startup founder needs to have this kind of “Wolf Spirit.” You can see it in their eyes and the way they talk about their space. That will never change, and it can come from anyone. No matter what your background is, no matter what gender you are, you need that spirit to succeed.

I think what’s changing is that entrepreneurs are becoming a lot smarter. They can spot opportunities a lot better and understand what investors want to hear. In the first wave of startups, founders are obviously going to be focused on more platform models. But nowadays, due to the strength of the platforms, you can think about things that play a more supportive role for these platforms or can grow together with existing platforms.

I believe in Indonesia, we are only at the beginning of a transformation.

How is the gender diversity of your portfolio?

Since November 2017, we’ve closed 10 deals, both core and non-core investments. Out of those deals, we have one portfolio with two female founders. I would love to have more female entrepreneurs in our portfolio but at the end of the day, it boils down to more than gender, because we look at the composition of the team and whether or not they have that wolf spirit. I believe that one of the reasons EverHaüs has to exist is to bridge this gender imbalance in the market. I don’t think we will get there by being idealistic, however. At the top of the funnel, it’s still very much male which translates down to our portfolio as well.

Female entrepreneurs tend to tackle female problems, and female problems are just as real as any other problem. We’re 50 percent of the population, and that’s a sizable market. Not to mention that consumer spending is still very much held by females. It’s usually larger than male consumer spending, and that’s true for most parts of the world. So I definitely want to see more female entrepreneurs. I think female entrepreneurs can be rest assured that when they are coming to EverHaüs, we do our best to understand what they’re trying to achieve.

Why do you think women are struggling so hard to find fundraising?

I don’t think it’s a matter of, “Is she competent?” It’s more like, a voice in the back of your head saying, “she has other commitments,” and one of the things that all VCs champion is the fact that your startup “has to be your life and breath.” VCs don’t like part-time founders or founders with other commitments.

But I think that besides work, we are all humans and as humans, we also have other priorities besides contributing to the economy. There is a bias towards thinking that males will prioritize their work more than females. This kind of stigma trickles down towards a lot of the seed-level investors as well, who say, “If I invest in this particular startup founder who happens to be a female, I’m not quite sure if she can raise series A or series B capital.” As an investor, you don’t want your startup to run dry.

The second issue is that I think a lot of females are tackling very female problems. A lot of them I see are going into things like fashion retail or maternity, which may be difficult for them to explain to a male VC. A male VC might not be able to understand the world that they’re trying to put forward. And it comes with all of these assumptions as well. So a lack of female representation in a fund’s investment committee is a another issue on its own.

Speaking of male and female VCs, I think you’re one of the only people I know who is female and in a high leadership position in a VC, and the only female co-founder and partner of a fund. Why do you think there aren’t as many female VCs in leadership roles, and how do we get more of them into these roles?

I think that women will face challenges regardless of industry or position. It’s true that the climate in finance is sexist and I get a lot of challenging questions. I think you just have to have really thick skin at the end of the day and not worry so much about what others will think of you. Instead, define yourself by your principles and your values.

Be that principled person. I have a couple of principles that I hold on to such as add value wherever you go, be humble, and respect everyone no matter what. Here at Everhaüs, we start off team meetings by reciting our values to remind ourselves that every interaction with a colleague, investor, or founder has to be value-adding. And that’s the kind of person that you start defining yourself as — not on the basis of your gender. When you hold onto those things as opposed to your gender, then I think you can really go further. It’s a lot about changing the mindset. And while it may be difficult to change everyone’s mindset, you could at least start by changing your own.

While there have been challenges as a female leader in the VC space, have there been any benefits as well?

Plenty. First of all as a female VC, you are in a unique position to make a difference and draw like-minded females towards the space.

Secondly, I think that women may have a greater tendency to develop more empathy. Venture capital is a very people-centric business. I studied finance but being in a VC is only 20 percent finance. 80 percent really is about connecting with people, understanding them and their motivations. For a lot of our core startups – we want to be their first call that they make if they run into a problem. And I think that’s one of the things that really makes me happy when I think about it, because it just shows that the relationships that we create with our startups go far more than just providing capital.

Has anyone ever imposed some kind of glass ceiling onto your ambitions?

There are always glass ceilings out there, but they’re glass. You can always break them.

The ones that are not glass are the ones that you create inside your head.

What’s the most rewarding thing about your line of work and your career? Has there ever been one moment in your career that has affirmed and validated everything?

There’s so many people in this world, and having the opportunity to talk to so many people and hear such diverse viewpoints is immensely rewarding. Such as meeting Jack Ma. (laughs)

Being in leadership position means that naturally, people ask what is the best thing about leading your company. I think startup founders and other kinds of leaders can basically attest to this when I say that the best thing is seeing people grow under your leadership. I have a very small team, but I think I’m so blessed that they’ve stuck around all this time. You also see good people become better; that’s what a good company culture does to you.

So I think that’s hands down the most rewarding thing about being in a leadership position. It’s looking back and seeing the impact you’ve had on the people inside of your own company.

Do you have any role models?

One of my role models is my mother. She was an entrepreneur and self-proclaimed soft-skill expert. I didn’t climb up a corporate ladder to get to EverHaüs. So that means being in a leadership position was essentially like being shoved off a cliff. Some hand larger than life pushed me and now I must fly. I get regular breakfast with my mother where I ask for her advice. Having been a management consultant for many companies and large corporations, she tells me stories of great corporate practices. I learned how to build Standard Operational Procedures from her. So even though we’re a very small company and still a very small team, our SOP is what sets us apart. I put a lot of time into investing into our defensibility to build a culture and minimize bias. Even though we’re small right now, there might be a time where we’re not going to be small anymore. So we need to be able to be ready for that. And I think investing in that means investing in the future. My mother has played a huge role in giving me this thinking.

Where do you want to be 10 years down the line?

I always say that I want to be a Limited Partner in my own fund. That’s the goal 10 years from now. My hope is that EverHaüs becomes the trusted partner for any new team out there and can continue to real add value to our economy. I think only God knows where it will be 10 years from now. But as I mentioned to you before, I think there is no real ceiling to our growth. And so we’re going to keep on moving forward.  

Do you have any advice for other young women who are looking to become fund managers or join the investment side of the startup world?

It’s going to be a place dominated with men, so be sure to strap on some very, very high heels. And I think the other thing is, don’t think too much about the challenges. If you do that, you’re only going to hold yourself back.

At the same time, be very strategic about it in terms of knowing your cards. Try to know everybody else’s cards, too. Every step that you make needs to have an intentionality that you must be able to defend. Because you’re going to need that kind of compass. There’s going to be many distractions people telling you that you cannot do something. So as long as in your mind you are clear with your goal, you can make sound judgements and execute accordingly.

ANGIN Women’s Spotlight: 50 Stories, 50 Woman Leaders in Indonesia

ANGIN Women’s Spotlight is proud to publish our 50th story highlighting the achievements and addressing the challenges of female leaders in Indonesia. To commemorate our milestone, we are releasing a mini-report detailing our project thus far. The report combines our project data with insights from Connector.ID’s data analysis to draw insights on the Indonesian entrepreneurial ecosystem through a gender lens. Check the report out now!

To nominate an outstanding woman for woman’s spotlight, kindly fill in the nomination form.  All partnership requests and collaborations may also be sent to Meredith at meredith@angin.id.

Download Our Report

Disclaimer: The data in the report is based on applicants who have submitted fundraising requests via ANGIN and Connector.ID. It is largely self-reported data or data based on the information provided from individual pitch decks. 

Anda Sapardan: Co-Founder of Sehati & TeleCTG

Can you state your name, your position, and your company?

My name is Anda Waluyo Sapardan. I’m the cofounder of Sehati & TeleCTG and in charge of the operations of the company. I’ve been in the medical industry for over 12 years. I’ve managed hospitals before, and I’ve worked in a general hospital as well as a maternity hospital – hospitals specially for women and children. Sehati and TeleCTG are products of passion — it all started from our concern with the quality of health of the next generation of Indonesia actually.

First of all, we are lucky that we have all the things that we need. We get access to information and to hospitals and healthcare. Not many Indonesians have that opportunity. So our concern is about how to provide equal opportunity — at least for information and for access to good maternal healthcare. And that’s where Sehati and TeleCTG come in.

Sehati and TeleCTG are technology solutions to track and monitor the first thousand days of human life. What we do are promotive and preventive measures. We try to provide early detection and warning of risk factors that could cause maternal death, infant death, as well as help to prevent stunting from the very beginning. A happy and healthy pregnancy is the right of every woman. Every woman should experience a very calming and happy pregnancy, since it can affect the outcome of birth and of the woman’s own life.

With technology, it’s easier for people to access information; even in remote areas, as long as you have Internet connection you can gain access. However, technology or innovation won’t reach its optimum utilization if we don’t empower humans themselves. So we tap into that as well.

What inspired you to start your own venture? What made you want to create something of your own?

It’s a bit crazy, because actually my husband and I, we sacrificed quite a lot to start this. We already had a stable income, stable jobs, everything we could have asked for. But the feeling of personal responsibility was too great. The rate of stunting in Indonesia is quite high. It’s like 37 percent of all the children. Just imagine the social burden of our own kids in 10 or 20 years from now. I gave birth to my eldest at a very young age. I was 19 at that moment and I experienced a wonderful pregnancy. And we feel that everybody should have that kind of experience. We feel that family planning and good monitoring during pregnancy is crucial. So that’s actually what really drove us to do this, why we chose to start our own business rather than continue working at the hospital. If we just worked at the hospital, then only the patients of that hospital will get any benefit. By doing this, we can reach far more people.

Have you faced any challenges as a female entrepreneur?

Not at the moment. Not really. It’s just that now I’m in the tech industry, and there are not too many women involved in this field. But it’s a good learning process. Actually, being a female should not deprive you or limit you from being an entrepreneur. As long as you have good intentions and and are willing to work your ass off, I think it is manageable.

Speaking of the lack of female entrepreneurs in the tech space, is that also true of the healthcare space as well?

Actually no, there are many women involved in healthcare. Our aim is to reshape how health services are being provided. Our long term vision is to make community-based healthcare and empower midwives, who are our partners in doing all of this. In Indonesia, midwives are all women, so in the healthcare industry, many women are involved.

What challenges do women face in Indonesia in obtaining quality healthcare and a positive birth experience?

For a positive birth experience there are multiple factors involved, from access to good healthcare to social factors such as a good relationship with your support system. And then there are financial factors. Having access to good information actually really helps; sometimes women who are pregnant have very wild imaginations and worry a lot. For many it is their first time and they are not sure of what to expect. If we can provide good and accurate information, then it would help them to understand the process and calm their nerves. I can say that because that’s what we experienced while we were managing a hospital in South Jakarta.

Sehati and TeleCTG opens access to information for not only mothers but midwives as well. We have three programs for midwives: financial empowerment, knowledge, and skills. From the financial side, we have already deployed one kiosk. We call it Kiosk Sehati for midwives due to their need for increased welfare. One midwife has already expressed that it’s really helped her in her life.

We teach the midwives how to use our technology. It’s really not easy because getting them to fill all the data and forms with the Sehati application rather than manually can be quite challenging. But once they know how to do it, it can really help optimize their work. At the end of the month, they usually have to give a report to the government using our application. That report can be automatically done via our app. So by the end of the month so they don’t have to go through the data manually for the report.

We created the kiosk not only to increase midwives’ welfares but also improve their livelihoods. The kiosks are equipped with a screen, Internet access, and a stove. We hope it can be a hub for people around the kiosk to get more information from the midwives, and provide educational videos through the kiosk screen. We’re already seeing good progress. Many children are coming to the kiosk and viewing the videos. The kiosk also helps to benefit the surrounding economy. Because there are many people coming to the kiosk, some entrepreneurial people – mostly mothers who live in the neighborhood – cook foods like meatballs, tofu, and fried dough and put their food into the kiosk to be sold. So there’s something like a sharing economy going on around that kiosk as well.

Why does empowering women matter in the first place?

There’s this saying that once you empower one mother or one women, you empower a lot of people behind them. Mothers are the pillar of a family, so once they are content and happy, I think all the people around them – the husband, the kids – will benefit as well. I think women really run the family, so it’s absolutely essential that they have their own income, that they are financially empowered, so they can also help the family to provide.

How is it like to be an entrepreneur while also having a family as well?

Being an entrepreneur is different from working for a company because you really have to think about all the details. Actually it is very good because then you will help a lot of people to find work and create jobs. But that also comes with a very big responsibility. Luckily our four children are already grown up; I started being an entrepreneur about three years ago. While my children were growing up, I was still working in a company. So, I didn’t have to face a challenge in that aspect.

How is it like to co-found a startup with your husband?

Up to this moment, it has been really good because we come from the same background. First of all, we have the same passion. And because we are married, we have more time to discuss our startup. While it’s not too good for our personal lives – because all we talk about sometimes is work – it’s been good so far.

Did you ever have a low moment in your entrepreneurial journey? One where you thought, “Oh my gosh, what did I get myself into?”

It happened a year after we started all this. Ours is in medical technology and it’s really not an easy thing to do. First of all, not many investors in Indonesia understand how the healthcare industry goes. I mean, it’s not a quick game. And our product involves both an application and hardware. TeleCTG is a medical device. It’s the first of its kind in Indonesia. So the challenges really were quite big. There were so many regulations, so much paperwork we had to fill. It’s very costly.

We started this business with our own money, so when we hit a point where we didn’t have any more resources to be allocated to the business, we really felt like, “Oh my God, why are we doing this?” It’s so crazy because there are quite a few people who said that we are a crazy couple. But I really believe what Elon Musk said, that if you believe in something, you do it even if the odds are not in your favor.

So we kept going, and at our lowest point somehow the gates opened. I’m not saying that what we are pursuing is noble, but we are doing this with the intention of the good of the people. And so the gates just opened everywhere.

And has there been a moment in your entrepreneurial career where you thought, “I’m so happy I did this. This is the path for me”?

With every bit of progress we make, I feel that. I’m happy because I know to start this is not easy. Just to see our team happy doing their job. They are extremely dedicated. I don’t know how this happened, but somehow all the people that came to work on our team have the same passion. Some even chose to work with us with a lower salary than their previous jobs. We have a very good team, and that makes me happy. Secondly, when the midwives we work with tell us that what we do really helps them — the online classes, the kiosk, and how we facilitate everything — those are really good moments for me.

Lastly, do you have any advice for other young women who are thinking about becoming entrepreneurs?

Being an entrepreneur is a challenging path. But if you really believe in yourself and your capabilities, and if you possess a strong mentality, I believe you can do it. But it’s not easy. You really have to work hard. Secondly, it depends on what industry you want to get into. Make sure you know the regulations and you have the right network before you start everything. And definitely make sure you have enough resources and financial capabilities. Finally, please do this because you have a cause. Do it all with passion and love. It is not easy work, so you will need to believe in this cause to make it through.

Arum K. Putri: Investment Analyst at Openspace Ventures

Tell us a bit about yourself.

My name is Arum. I’m an investment analyst at Openspace Ventures, covering our Indonesian operations through deal sourcing and execution, as well as managing our existing portfolio companies such as HaloDoc and Sale Stock. Openspace Ventures is a Singapore-based venture capital fund investing in Southeast Asian tech-enabled startups, focused on Series A and Series B. We’re industry agnostic and focus on the product, traction, and founders.

I’ve been back in Indonesia for around 3 years now after attending school in Canada. I came back right at the peak of when companies like GO-JEK, Tokopedia, and Traveloka came into the spotlight, and quickly saw the immediate effect technology had on the Indonesian population. Jobs were created, livelihood security was improved, and new access to services were formed. There was no room for that sort of impact in North America, which was why I made the decision to come back and pursue a career in early-stage tech investing.

What is the kind of impact that VCs are making in the entrepreneurship space?

There are definitely many ways that VCs can make impact. For Openspace Ventures, given the early-stage investments that we do, we make sure to add unique, operational value to our portfolio companies and work very closely on the ground with our entrepreneurs to reach their next milestone. We help with all aspects of the business from corporate finance, capital raising, technology strategy, marketing, hiring, and international expansion. For example, recently I helped my portfolio company build their Series B pitch deck and full financial and operational model from scratch, my team helped several of our portfolio with their marketing initiatives, as well hiring engineers for their tech team.

We have a full in-house operational team in technology, HR, legal, and marketing to support our portfolio companies. We also leverage our network across Southeast Asia to help connect our entrepreneurs with other industry leaders, potential customers, partners, or even investors.  Openspace is also very involved in supporting tech founders and investor community in the countries that we operate in. After all, we do focus on building and backing the next wave of technology leaders. I think that’s the sort of impact that we try to make, particularly given the stage that we focus in where most of the founders are operating at a critical juncture.

Has there ever been like a moment where you’ve thought to yourself, this was just so worth it — this moment has made it so worth it for me to have moved back here?

Yeah, definitely. Growing up in Indonesia I’ve always been aware of the large lower income segment of the population that for the most part were largely ignored – those that did not have access to basic financial services or retail experiences in larger cities, and don’t have the same financial power. Several of our portfolio companies are actually changing that, and seeing the type of impact it has is definitely one of my ‘worth it’ moments.

For example, Sale Stock is a women’s fast fashion e-commerce company that enables women in very remote areas of Indonesia – such as Papua or the northernmost point of Sulawesi – who may not have been able to shop at e-commerce sites beforehand, to purchase quality and fashionable clothing at an approachable and affordable price. It’s very empowering. GO-JEK is arguably already transforming the livelihoods of millions through dramatically reducing poverty. I think that sort of impact, definitely had made it worthwhile for me to come back to Indonesia. I think growing up in this part of the world has allowed me to become aware and conscious of the pain points that more developed countries in the West are not aware of. Things like lack of financial inclusion, little access to education and resources, and income disparity were among the problems that I faced. And now seeing that there are technology advances that are alleviating these pain points but also having substantial social impact made my move back to Indonesia so much more worthwhile.

On the other hand, have you ever felt that being back in Indonesia is so challenging that it has made you think, “Why did ever come back here?”

Definitely. Gender inclusivity is an issue here and  challenge in itself. In North America , people have a lot more regard for women in the workplace. Whereas  here, I think the fight for gender equality is still in its early stages. I am fortunate enough to have grown up in a family that are  mostly women who are all very successful in their fields. But I have had experiences where I was looked down upon because of my age and my gender. A lot of times in Indonesia, the stigma is still like, “Women should stay at home, women should cook, women should do this and that.” Grouping women into what they “should” do is what makes me really upset, because I think women have the right to freely choose what they want to do. If a woman chooses to raise a family at home full-time or choose to become a founder of a tech company, then that’s their choice and that’s OK, I think that the idea of women having a choice in Indonesia is still something that’s stigmatized, and something that I wish is different.

Has there been like a specific instance where you’ve felt that gender discrimination or you know, that that kind of stigma against you?

At one point in my life, a colleague asked me why I wanted to pursue a professional career, why I was thinking of venture capital, and why I was deciding whether or not to pursue a graduate degree. He thought I should stay at home instead. He said to my face, “Oh, why do you want to work in finance? Why do you want to do an MBA? You’re a girl…taking care of your home and husband is important you know?” It was so shocking. I didn’t even know how to answer or how to react. I was so flabbergasted and so angry.

Female employees in Indonesia are often still seen as people meant for back office or administrative functions as opposed to having leadership roles. It’s very unfortunate and it makes me really upset that women need to put so much more effort just to be recognized.

What inspires you in this field? Are there any examples of women taking leadership and taking charge?

Something that inspires me is how Openspace Ventures approach female founders and investors. As of right now, we are almost at a 50-50 gender distribution; the partners actually make a conscious effort to have equal representation of women as part of our team, and in our portfolio we also have women-led companies and women founders, which is something that’s rare in Southeast Asia. One of our portfolio companies, Love, Bonito, is co-founded by two very strong women who are leaders in their field but are some of the most hardworking women I know who have come a long way. I definitely think venture capital is a more welcoming space for women to be a part of, whether you’re going on the founder or investor route. We have lots of room for improvement, but it’s going in the right direction.

How does gender play a role in your investments?

We make investment decisions based on the founder and the product, not the gender. However, I think there is definitely a discrepancy between the number of male founders versus female founders I have met. I think female founders only represent less than 10 percent of the startups I meet and that’s quite unfortunate. I think we need more female founders to come to the table.

So how do we get more female founders to come to the table?

Putting the conversation out there, educating and growing the female founder and tech investor community is one way to do it. I think now, more and more initiatives  exist to get more women in male-dominated fields together. There are initiatives like Generation Girl launched by female developers at GO-JEK that teaches coding and data analytics to young and aspiring  developers. There’s SheVC that is a solid community of women investors. Initiatives like those are good for the women community. In Indonesia particularly, access to network and resources are not as widespread  and the gap definitely exist for women who are looking for the right team, founders, investors, and business partners but don’t know where to start. I think from an investor point of view, given our platform we should create more  of these type of initiatives that not only give them the right access to resources, but also give them a space to have a voice and network with other women leaders.

On the other hand, how do we get more women in leadership roles in the VC community?

I think we are barely scratching the surface in terms of women having leadership roles not only in the VC community, but everywhere. It’s still very much male-dominated while gender is obviously not a measure of productivity in the field.  I’m quite thankful that in the VC community I haven’t had any instances with regards to gender biases, and so I’m very fortunate. But in traditional businesses or more male-dominated fields like engineering perhaps, it may not be the case. I think with any business in general they can benefit from gender diversity – I don’t think there is a reason not to. We can start with educating the workplace to having equal opportunities for women to take on leadership roles or even out the distribution in certain functions. Having a general open mindedness and conscious effort to have more women in these roles is a good start. Then slowly more concrete steps can be taken, like a distribution ratio, women-led panels etc.

How is female representation in the private equity industry? How is the dynamic like?

There is definitely less female representation in private equity than venture capital, especially because venture capital involves younger communities like the startups and tech advocates, whereas private equity deals more with more mature and traditional businesses. It’s tough but like with most businesses, more and more women are beginning to pursue leadership roles in male-dominated fields and that is a step in the right direction.

Do you think Indonesia is ready for an all-female fund with a total gender-lens approach?

I think it’s still early, but we’re moving in the right direction. More and more startups are starting to have women founders, but we still need more. Maybe the market is not big enough to address an all-female fund for women-led only investments now, but I hope it will be in the near future.

What is your advice on combating gender stereotypes and gender stigmas, whether it be in the workplace or from family?

Women need to have a voice and to start speaking up for what they stand for . They should  feel free to speak up and advocate for their opinions.I think now more and more women are starting to find their voice in whatever industry or situation that they’re in despite fear. I have been in cases where because I’m a girl, my decision to pursue a professional career is stigmatized because of the Indonesian tradition, but I’ve seen that change because I was able to be more vocal on my decisions, and people and my path are beginning to understand. It’s a process, but it doesn’t hurt to have a conversation

How was it like to be in like an almost all female family?

I think it’s a very rare thing in Indonesia. I come from an almost all-female family of 20 people of which I think 15 are women, down to my nieces. Those who are my age or from the first generation, are for the most part entrepreneurs or professionals. I am so lucky because I grew up with so many women that started from zero, made way through their adversities, and are now successful in their respective fields, which makes it difficult for me to comprehend when people stigmatize what I can or cannot do. I don’t know how I could have lived a different life, for example if I was to be born in a family that was not supportive of my career.

I grew up not knowing that there was adversity surrounding gender until I started working. I saw people in my family that were the only women in male-dominated fields and I thought that was normal. I realized soon enough that that was actually fought for, and that they worked hard in their careers to prove themselves and get to where they are. With most businesses still very much traditional in Indonesia, I think they had to work twice as hard. It’s definitely inspiring to be surrounded by very opinionated and powerful women, but it can also be very intense. I wouldn’t have wanted it any other way.

Who are the biggest role models in your life?

Definitely my grandmother. My grandma is 92 and she’s still working. She started her business in the garage, building the family business from scratch. She was very strong-minded, yet humble and so inclusive of her team and I think that’s what got her so far. She is a huge advocate for gender inclusivity and women in the workplace and she has taught me the importance of this from as far I could remember.

She started her career in the 1950s where gender inclusivity is nonexistent. She grew up during the Dutch colony, where women did not have access to schools and weren’t allowed to work. But she was fortunate enough to marry my grandfather who was always very open minded and actually helped her grow her business from very early on in their marriage, so in a way that was equally as important people closest to her. I definitely saw that was extremely inspiring, having a husband that was supportive to her pursuits, being rejected my hundreds of stakeholders from banks to investors but continuing to move forward, and having an open mind to continue learning and growing even at 92. She is very inspiring.  

Where do you want to be in 10 years? What’s your vision for yourself?

Maybe in the next 10 years I have founded a company in a field that I am passionate about. My hope is to bring gender diversity and inclusivity in anything that I do, so I hope to instill that as part of my vision.

Do you have any message for girls who want to start their own startups too and maybe encourage them to how they start their own startup or vc or in this industry.

I think my only advice is to just do it. The best pursuits often take a (giant) leap of faith and you never know what you’re up against unless you start, because that’s one of the most difficult parts.

[RECAP] Opening Workshop Cloud Computing Launching Making Indonesia 4.0 Startup

 

Tuesday, September 6th 2018, Vivian and Devina from Angel Investor Network Indonesia (ANGIN) got a chance to join the launch of Cloud Computing Workshop which is the initial activity of Making Indonesia 4.0 Startup Competition. This effort is aim to invite Indonesia’s young generation to keep abreast of technological developments in 4.0 era in order to spur national economic growth.

Minister of Industry Indonesia, Airlangga Hartarto explained, one of the government’s efforts to push the target was to collaborate with a well-known startup, PT Amazon Web Service Indonesia.  The registration is open for local technology startups who want to take part in the Making Indonesia 4.0 Startup Competition until November 20th 2019 and will be ended with the Startup Festival 4.0 in December.

Along with several associations, communities and institutions incl. AWS Indonesia, Cloud Computing Associatry, Block 71 Jakarta, Indonesia Robotics Community, Estubizi Network, Creative Technology Industry  Indonesian Business Incubator Association, Information dan Communication Indonesia, Rice INTI Bandung & ANGIN will collaborate together to socialized the program, carry out further guidance for the startup and give an opportunities to provide access to the investors. ANGIN will also be one of the panel judges in this competition.

Coinciding with the launching of the Making Indonesia 4.0 Startup competition, the Directorate General of IKM Ministry of Industry signed a cooperation agreement of  expanding access to the IKM market through e-commerce  with PT. Karya Anak Bangsa (GoJek), PT. R Giant Laju Lintang (Ralali.com) &  PT. Dusdusan Dotcom (Dusdusan.com).

Here to know more about www.i4startup.id 

[RECAP] Launch GoStartupIndonesia

 

Last Thursday, 6th Sept 2018, Valencia from Angel Investor Network Indonesia (ANGIN) was invited  to witness the launch of GoStartupIndonesia platform by Indonesia Creative Economy Agency (Bekraf) and Indonesia Stock Exchange (BEI).

Also known as “Government Support for Startups in Indonesia”, it is a common spirit and movement to accelerate the growth of ecosystems that are conducive to startups in Indonesia, especially in the creative economy sector at various levels of the startup cycle. The platform was also a follow up  form of support and development of creative economic startups to encourage access to capital for startup through GoPublic.

In addition, the platform also focuses on boosting the growth of the local investor to invest in local startup.  Through Investor Relation Unit, it will be one of the GSI main concerns.

Here to find out more about GoStartupIndonesia.

Reky Martha: Co-Founder & President of Hoshizora Foundation

Tell us a bit about yourself.

My name is Reky Martha and I am co-founder and current president of Hoshizora Foundation. I started Hoshizora in 2006 when I was a student in Japan at Ritsumeikan Asia Pacific University (APU). Basically while doing part-time jobs, my co-founders and I used our money to help out kids that were dropping out of school in Indonesia. My friends and I started a community to support about 14 street children to get back to school. We set aside our lunch money for one month to pay for the school fees of elementary school students. With more and more traction coming in, it just grew from there. We officially registered as a foundation in Indonesia in 2010. We’re also registered in the United States. Now we’re supporting 2214 students from elementary school to university. We have 25 full time staff, fully paid with benefits – a team in Yogyakarta and a partnership team in Jakarta. And we’re looking to grow more.

Did you always know you were going to be in the education space?

I have always been inspired to be an educator; I feel that Indonesia faces many challenges in education. For instance, public schools are supposed to be free but they’re not. Even today, almost 1 million students drop out of elementary school and never enter middle school. In Flores, for example, I saw so many little kids, with their tiny feet, walking for two hours to go to school. In the heat, you know, with no access to fresh water. How do you expect these kids to learn how to read?

As a person who was lucky enough to get scholarships to study in Japan and Canada and land a job in the United States, I feel that the only small way I can contribute back is by providing better education for Indonesian children. And right now we’re trying to reach the children who don’t even have access to school. We’re here to support whatever the government is doing and work with the private sector.

What exactly does Hoshizora do?

We are an organization that provides access to education through our scholarship program, from elementary school to university. We have about one thousand individual donors right now; 100 percent of these one-to-one donations go to the children (80% in the form of a fund, 20% for capacity-building programs). Apart from this scholarship, we truly believe that character-building is the main ingredient to a more successful education system in this country. We do this through our forum, and through meeting our children and providing mentorship every six months. Our area coordinators are closely monitoring our children monthly as well. We work to be sustainable by having various sources of revenue streams to maintain our operation and management professionally.

So Hoshizora pretty much provides scholarships, but not your usual scholarship. We do a lot of capacity building to help the children grow. We have our own Hoshizora curriculum book, filled mainly with soft skills, for children in every grade. It starts from knowing yourself and understanding your emotions, all the way to critical thinking and problem-solving. And it’s fascinating because we’ve been working with the same kids for 12 years now; one of my youngest kids back in 2006 is now in university and I can totally see the changes. They are not only growing as smart and curious people, but they also become empathetic leaders who now are able to create job opportunities for others. Seeing these longitudinal changes firsthand and through our data really validates our model.

What have been some of the biggest insights or takeaways that you’ve had running Hoshizora over the past 12 years?

I think first of all, education is a very important sector but the urgency is often forgotten because it’s not very sexy. When we started this, we did it as a volunteer activity community, but it wasn’t going to go anywhere like that. The reason why communities and nonprofits are dying so often is because we’re not viewing them as valuable as companies or enterprises. So after four years we realized that we cannot lean on volunteerism. We are still open for volunteers at specific events and giving a chance for young people to experience the work we do, but we do it full time now. And the people who are working full time with us understand that working in the education sector is important, and that they are as valuable as the people working at companies. So it’s competitive enough for young people to move from Jakarta to our headquarters to Yogyakarta, to be part of our team because we value them.

Second of all, sustainability is always a problem. In the beginning, we did lean on grants and donations. The reason why we have two revenue streams now is because we want to make sure that individual donors are able to see 100% of their donations go to the children. We built our own social enterprises that is contributing to our operations, and we also do brand activation for corporates and companies. And to ensure sustainability, we build three-to-four year partnerships with companies, rather than just one year.

Hoshizora is also learning that the impact we’re having on these children is deep impact. In twelve years, we’ve had 2,200 kids in our program.  We have a formula where our program strives for deep impact that is replicable in different rural areas in Indonesia so we can also scale up our impact.

How does Hoshizora Foundation balance public sector and private sector? Where do you fit in?

We’re looking at an ecosystem here, and I think if we break them apart we’re not going to get anywhere. There’s a lot of ego involved in it for sure. So we’re looking at how we can bring everybody together in the ecosystem. The ecological framework that we use is Bronfenbrenner’s Ecological System, which stems from child development theories. We need to stay true to our purpose, which is educating children, and we’re using a lot of positive psychology and social emotional learning frameworks in our work.

To bring people together, we build partnerships. Our closest partners right now are from the private sector looking to create shared values. Obviously we’re here to support the government, even though we do not have any direct collaboration with the them. They have their own system. We’re moving forward at a different pace. We tend to work with the private sector because they can move faster, with less bureaucracy. The impact can be fulfilled within months and we can measure it. A clear measurement is very important for us to know what’s working, what’s not working out, and to keep improving on that.

When we’re working with the kids, we get some social enterprises working with us; we give scholarships to children of mothers who are working for a specific social enterprise, for example. So we’re opening that collaboration where other social enterprises can work with the parents and make sure that these parents are actually delivering good quality of work so that their children can get our scholarship. At the same time, we’re opening a space for corporates to work with schools and teachers, mainly on capacity building. It’s building a whole community together with the hope that in few years we can exit when the quality of life is better for that community.

Is Hoshizora the only thing on your plate? What else are you involved in?

I am still trying to find out the best way to give access to education. I was involved in Humanitree, where I want to see if there is a faster way using technology to provide access to education. Perhaps not necessarily formal education; you know, education is not about getting a certificate but really getting skills that people need, such as critical thinking. So how can we give access to education to children out in Papua or Kalimantan, in a way that they can exercise their critical thinking and problem solving? Hoshizora is one way of tackling that challenge, in a deeper way. But it has to be paired up with something that can provide faster access to education. In a way, it’s just finding ways to tackling different issues within the education space while heading in the same direction.

As entrepreneurs, we cannot stop learning and exploring ideas. We need to stay focused on what we’re doing, but not closing the door to exploring other ways to tackle challenges. I find it very valuable to be in the startup ecosystem in Jakarta, where startups rise and fall every second. To survive and to find the best way to provide solutions to challenges, it’s quite challenging.

As one of the earlier female entrepreneurs entering the ecosystem back in 2006, how has it been being a female entrepreneur? How have things changed from 2006 until now?

Sometimes people are surprised that I’m doing this full-time and dedicating my life to provide access to education. When we incorporated Hoshizora as a foundation, that meant dealing with legal, tax, and building good organizational processes and structure. It’s a lot of work and I’m proud that I have two other strong female co-founders to go through these tough times. Oftentimes when people see this position being held by a female, they have doubts. Somehow they think that when a female gets married or has kids, obviously they’ll only work part-time. Sometimes when I walk into a meeting, I am assumed to be the secretary or PR person. So when I tell them, yes, I’m leading this organization 100 percent, full-time, it surprises people.

Half of my team members are male, so I think gender equality in leadership doesn’t necessarily mean having an all-female team. We need males supporting female roles. I find that in the past two years, there have been more support given to female entrepreneurs. A lot of attention is given. But I also encourage males to understand what females are doing and going through. Because if males don’t understand, it’s still going to be imbalanced. Men should still be encouraged to work with women. There should be equal opportunity within the whole ecosystem for men and women to work together.

What are some strengths to being a female entrepreneur?

Over time I learned that some of the strongest points of leadership are vulnerability, flexibility,  and adaptability – qualities that female leaders often possess. I can give you an example. So, being sustainable is a challenge for every non-commercial organization. We don’t receive a lot of grants for our operations and management. Two years ago, for example, I was worried about being able to pay my team. Rather than framing it negatively, I communicated it as,  “Hey, I’m trying to be sustainable. Give me ideas on how I can be more sustainable.” I think female leaders are quite good at articulating and sharing that in a more positive framework, and it results in leadership that is more agile, and partnerships that are more open. Saying, “This is our condition, give me ideas,” instead of saying, “We’re good to go, we’re okay,” or pretending that we’re okay because of pride, is far healthier.

And definitely over the past two years as a female leader overseeing 25 full time staff, I’m also growing as a person and I couldn’t do it without my team. Vulnerability, flexibility, adaptability, staying focused, and being persistent are all things I am learning everyday. Self awareness and self management – those are key to the recipes for creating a harmonious working environment. I think female leaders have the advantage of being able to be aware of what’s going on, nurturing that empathy within team members as well.

What challenges do you face as an entrepreneur?

Honestly speaking, it’s hard to balance a personal life and surviving in the startup ecosystem in Jakarta. Being on top of what you’re supposed to do and being in the community, it takes a lot of hours. My team is in Yogyakarta while I’m in Jakarta, so going back and forth takes a lot of time. It becomes challenging to keep up a healthy lifestyle. Being able to exercise every morning, cooking my own food, or even keeping up with other parts of life. I’m still learning how to do that.

Jakarta is a bubble in a way. When I go to Sumatra, Kalimantan, Flores, or other remote areas, the working style is very different. Leadership has to change all the time. When I’m back with my team in Yogyakarta, I have to switch back to what’s best for them. So that adaptability, while holding and stimulating the team to grow is quite challenging.

Have you faced any specific challenges as a female in this field?

Society – especially Indonesian society – has a lot of expectations for females. It can be challenging sometimes when people ask me if I have time to take care of a partner or whatever. I think debunking society’s expectations for females is quite challenging. Funny thing, before I moved to Indonesia I used to shave my head completely, just to debunk the notion that females need long hair to be pretty. I haven’t really found a way in Indonesia to challenge those mindsets, of what society expects from females.

What else do we need to do to support female leaders in Indonesia?

Engaging the men to talk about how to balance roles in society is important. Because if it’s just the females going strong, I don’t think it’s going to work out as nicely. The males have to understand what the females are doing and engage in active discussion. If a woman is exploring higher career options, what kind of actions can the male can do at home, for instance, to support that? It cannot go just one way.

And the feminist movement, it’s not just about females supporting females. It’s also about males supporting females and having open discussions on that. I don’t think we have a lot of those conversations in Indonesia — especially challenging male Indonesians to have an open discussion. What does it mean for them to support a female leader? More discussion is needed, and an action plan can come out of that, a movement of some kind. But changing mindset, especially in a culture where it’s quite patriarchal, it’s going to take some time. I think within the startup ecosystem, which is quite vibrant and increasingly run by millennials, if we start opening the discussion there’s going to be positive momentum to disrupt what exists. That can be a start.

How do you personally try to keep balance in your life and practice mindfulness?

Yeah, so I like climbing trees. It’s my meditation, but it’s not always accessible. So every morning for meditation and yoga, stretching is a must for me. My morning glory is my morning glory, and I do it at least an hour before I touch my phone. So that’s one thing that I can do anywhere I go.

The second thing is a component of social-emotional learning: practicing self awareness, self management, social awareness, social responsibility, and responsible decision-making. This can be through a practice where we check our intention every second. For instance, why am I doing this interview? What’s my intention? Will it be useful? Questioning everything has become a habit for me to help choose and prioritize. And it helps me make more responsible decisions.

Another thing is emotional literacy. I think in a country where most people are still in survival mode where the basics – how do I eat, how do I earn money – aren’t fulfilled yet, emotions are often the last thing people think about. We’re not told or taught to recognize our emotions and verbalize them. Sometimes we’re actually sad and lonely, but it comes across as being angry just because we don’t know how to label that emotion. What I’d like to do with my team is to encourage them to express and recognize their emotions, by checking in and saying, “Hey, I’m trying to understand what are your feelings, to help you in understanding and verbalizing them.”

So in a nutshell, we need to practice mindfulness all the time.. And I’d like to find more spots to climb trees in Jakarta.

What’s your long term vision for yourself?

The ultimate goal is to be an awesome grandmother, with a big house, so I can invite everybody to take a break from their lives and have meaningful conversations over a big meal in beautiful nature. That’s the long term goal (laughs). But, I think in the next five to 10 years I’m very keen on finding a better solution to reduce dropout rates. I’m super passionate about finding better ways to reach out to more children. It could be through Hoshizora, or through the digitalization of ways to provide access to education like creating learning tools for critical thinking and problem solving.

Do you have any advice for the younger generation – kids who want to be future leaders?

I think taking time to understand who you are is very important, especially in our world where technology, social media, ads dominate. Everything is changing so fast that it’s easy to think that something is our desire while it’s actually other people’s desire. For example, being a founder of something – a lot of the younger ones want to be a founder of something, but honestly it’s not the question of being a founder or not being a founder. It’s what problem you want to solve. You need to question yourself: why was I born in this world, what purpose am I fulfilling? Because everybody is an important piece of a larger puzzle. No matter how small they are, if you take out the other pieces, the puzzle won’t be complete. Every person is that important, but to know what function your puzzle piece serves is a different question, right?

And I think we are all running too fast, getting all this information without pausing and thinking, okay, is this what I want? Constantly check your intentions and ask, “Why do I want to do this? What is the greater benefit of this? How am I going to be sustainable?” Questioning yourself will activate the neurons in your brain and help you stay on top of your passions – especially if you are passionate in solving challenges through entrepreneurship. Being a reflective person is important.