Ep 132: The Inside Scoop on Asia's $30 Million Media Empire | Terence Lee, Editor-In-Chief at Tech in Asia

Who's got the juiciest gossip on startups these days?Well.The journalists, of course!And today, we have Terence Lee - Editor-in-Chief at Tech in Asia - to share the inside scoop on their organisation (TIA just sold for a reported $30 Million to Singapore Press Holdings!).Fun Fact: Terence Lee really didn't want his position. He's an introvert & does not consider himself a natural leader.❓So what changed?❓How has he adapted to his leadership role & navigated through 2 brutal layoffs at Tech in Asia?❓How does journalism work for them, e.g. determining the stories to cover, the verification process required and also balancing objective reporting with friendships with the people in the space?So are you ready?Let's go!Highlights:2:38 Writing as a career?!5:14 Working at many different media publications6:58 Joining Tech in Asia in 2013 as its Managing Director8:26 Being pushed out of his comfort zone11:11 Relationship between Editor/Journalist v Startup Founders12:14 What people tend to not understand about what they're doing15:03 Perceived biases?16:11 The due diligence process18:05 Defamation law21:26 Monetisation tactics21:42 Going through TIA's first layoff25:19 Internal transparency in (almost) everything?!29:18 2nd round of layoffs & the best way to conduct retrenchment33:05 How did TIA rebuild the shattered morale of its staff & pivot to its subscription model?35:45 Big events in Indonesia37:25 The future39:02 Journalists are mini media empires?40:36 Peter Cowan - If you were to launch your own non-media startup, what would it be?📍Show notes: www.sothisismywhy.com/132🌟 Special discount for STIMY listeners to TIA: techin.asia/sothisismywhy 💌 Weekly STIMY Newsletter on the art of storytelling + building your personal brand (+snippets of STIMY behind-the-scenes): https://sothisismywhy.ck.page/acd5bd1062✍🏻 Leave a review on STIMY: https://podcasts.apple.com/gb/podcast/so-this-is-my-why/id1521191442