The Innovation Playbook of 3 Southeast Asian Founders - E724

Where does innovation in Southeast Asia actually start? Not in a lab. In this compilation from the BRAVE archive: a lock that took eleven hours to install, a Peter Thiel put-down at Harvard, and customers using a real estate website to sell food. Anthony Chow built Igloo's first smart lock from parts bought in China, watched the first shipments fail, then invented an offline PIN lock (Google Authenticator, but for doors) because vacation rentals have no Wi-Fi. That invention won the Airbnb partnership and now runs more than half of Australia's tennis courts, fully unmanned.  Kelvin Teo heard Peter Thiel tell a Harvard room that Asia doesn't need innovation, just execution ("annoying, but factually accurate") and turned it into the method behind Funding Societies, which underwrites SMEs by asking for more documents than the banks, because its real competitor is the money lender charging 48% a year.  Dennis Velasco burned $150K on a broken real estate market before his users showed him the pivot, launched Prosperna three months before the 2020 lockdown, and argues that none of it counts until small businesses trust you to stay. Watch the full episodes: E676 Anthony Chow, Co-Founder & CEO of Igloo https://www.youtube.com/watch?v=rU1-wIvarVk  E678 Kelvin Teo, Co-Founder & Group CEO of Funding Societies | Modalku https://www.youtube.com/watch?v=Ob9Wq9DMpko  E692 Dennis Velasco, Founder & CEO of Prosperna https://www.youtube.com/watch?v=xVw0B8m3eN4  Watch, listen or read the full insight at https://www.bravesea.com/blog/innovation-playbook  BRAVE is Southeast Asia's leading tech podcast, hosted by Jeremy Au. Honest conversations with the region's top founders, investors, and operators on building startups in Southeast Asia. New episodes every week. Subscribe so you never miss one. Listen & Subscribe YouTube (English), YouTube (Bahasa Indonesia), Spotify (English), Spotify (Bahasa Indonesia), Spotify (Chinese), Spotify (Vietnamese), Apple Podcasts Follow BRAVE LinkedIn, X (Twitter), Instagram, TikTok, WhatsApp Follow Jeremy Au LinkedIn, X / Twitter, Instagram, TikTok, Facebook, Threads, Twitch Resources Get transcripts, startup resources & community discussions at www.bravesea.com #Innovation #SoutheastAsia #Startups #Singapore #Philippines #Indonesia #Malaysia #Vietnam #TechPodcast #Fintech #Proptech #Ecommerce #SmartLock #SME #MSME #VentureCapital #Founders #SEAstartups #Entrepreneurship 00:00 Intro 00:25 Anthony Chow: the lock that took 11 hours to install 06:20 Kelvin Teo: "Asia doesn't need innovation" becomes a playbook 11:01 Dennis Velasco: the customers showed us the pivot 15:23 Kelvin Teo: more documents than the banks 20:50 Dennis Velasco: the trust factor gap 23:37 Anthony Chow: half of Australia's tennis courts, unmanned 27:03 Outro