500 Startups x Finaxar x Innoven Capital: Optimizing Your Use Of Capital For Success

by Peatix

There are different kinds of capital entrepreneurs seek.Venture capital financing to get started (500 Startups), venture debt to cover growth capital (InnoVen) and working capital financing to increase a company’s operating liquidity (Finaxar).Venture capital financing at the seed stage is used to validate a startup’s idea/product. To show that its technical and economical feasibility stands on firm ground, ready to go to a large market. In later stages of venture capital financing, the startup will try to gain market share from its competition and break even.

Timescale: Long-term

A venture loan is a complementary source of funding to equity capital. It reduces equity dilution 

and is generally cheaper than equity capital. Venture loans can be used to extend a company’s cash runway or accelerate its growth. on a venture loan to assist in raising the next equity round at a higher valuation. A venture loan can also be used to extend a company’s runway when it is close to being “cash flow positive”, thereby eliminating a last round of equity financing.

Timescale: Medium-termWorking capital finance is used to balance incoming and outgoing payments to maximize free cash flow. For example, a company that pays its suppliers 

in 30 days but takes 60 days to collect its receivables has a working capital cycle of 30 days. Growing a business requires cash, and being able to free up cash by shortening the working capital cycle is the most inexpensive way to grow.

Timescale: Short-termJoin us for an evening of discussions on how you can optimize your company’s short & medium-term use of capital to achieve success.

Hosted by 500 Startups, you will hear from real experts from Finaxar and InnoVen Capital who truly understand what every company at each stage goes through.

Program Outline

7.00pm: Arrival of guests

7.30pm: Financing SMEs Day-to-Day Business by FInaxar

8.00pm: Venture Lending by Chin Chao, CEO Southeast Asia, InnoVen Capital

8.30pm: Drinks + Networking

10.00pm: EndsFinaxar will focus on how small businesses employ working capital finance in their day-to-day business illustrating the difference between a typical working capital financing facility as provided by Finaxar and other medium and long term financing options as well as the impact on a company’s capital and holding structure.On the other hand, InnoVen

 Capital will be sharing their insights on how entrepreneurs can raise smart and effective capital from the start of their start-up journeys.

BIOGRAPHIES

Rakesh Bhatia (Chair, Executive Committee, Finaxar)Rakesh was with HSBC for 26 years, culminating his tenure there as its Head of Global Trade & Receivables Finance (GTRF). Prior to this, he was HSBC’s CEO in Indonesia and before that, HSBC’s Strategy Head of Asia Pacific Commercial Banking. a graduate of the Indian Institute of Management in Ahmedabad and attended both Harvard’s and Duke’s Business Strategy Programs.

Vihang Patel (Co-Founder, Director, Finaxar)Vihang is an entrepreneur, building startups around Big Data, Cloud and Mobile. He is an Operating Advisor at Monk’s Hill Ventures and was most recently the CTO of Dragon Wealth. Prior to that, he was driving technology at Crayon Data. He earlier founded Avagam which was acquired by Crayon Data, and at the beginning of his journey was a risk consultant for Deloitte working across 2 continents and 5 cities. Vihang earned a BS (Hons) and MS from the Indian Institute of Technology (IIT), Kharagpur in Mathematics and Computer Science.

Chin Chao, CEO Southeast Asia, InnoVen Capital

Chin Chao brings with him more than 15 years of experience in the venture capital and venture debt industries, including entrepreneurship, company building and business operations and strategy.

Chin co-founded and co-managed Sirius SME, which invested in small and medium enterprises in SE Asia. Notable investments include Reebonz, Heptagon Advanced Micro-Optics, and Ong Joo Joo Food Industries. Prior to Sirius SME, Chin was a Managing Director of Venture TDF Singapore and Venture TDF China. Notable investments include Alibaba, Baidu.com, DMX Technologies, Focus Media, Mediaring, Sinosun Technologies and Savi Technology.

Chin received his Bachelor of Science degree in Electrical Engineering from the University of Illinois at Urbana-Champaign and his Master of Science degree in Electrical Engineering from Stanford University. He also received his Juris Doctor degree from Stanford Law School and is the author of three publications on technology and business law.

About 500 Startups

500 Startups is a global venture capital firm and accelerator headquartered in Silicon Valley with over US$400M under management and 1800 companies across 50 countries in its portfolio.

500 has become the most active early-stage investor in the Southeast Asian region with over 180 investments into the most talented, passionate founders and promising, high-growth startups including Grab, Carousell, Bukalapak and Revolution Precrafted.

About Finaxar:

Finaxar is a state-of-the-art technology company that provides innovative trade and supply chain financing solutions. Our team comprises seasoned veterans from banking, supply chain management, data science and technology with proven track records. We are backed by Tier-1 venture capital, funds and family offices from Singapore, USA and Europe. Our solutions are built from scratch by people that understand small- and medium businesses’ financing challenges and want to build solutions to profoundly improve small businesses’ capital financing.

About InnoVen Capital

InnoVen Capital is Asia’s leading venture lending platform providing debt capital to high growth innovative ventures primarily backed by venture capital firms. InnoVen Capital is a joint venture between Temasek Holdings and United Overseas Bank Group. Currently, the platform is active across India and Southeast Asia while continuing to expand to other high growth economies in the region.

Venue Partners:

Collective Works is Singapore’s first co-working space in the Central Business District (CBD). The space was conceived to provide beautiful, affordable and flexible working accommodation for small businesses, freelancers and startups that need to be in the heart of the Lion City’s Business hub.

 

 

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Robbie Antonio Revolutionizes Pre-crafted Architecture

by Bilyonaryo

Robbie Antonio is putting the Philippines on the map with his #revolution.

The Revolution PreCrafted CEO has revolutionized building homes with his new venture. By providing pre-crafted structures designed by the world?s leading architects and designers, he is fulfilling his principle to ?cross-borders, cross-cultures.?

Cheers to a Robbie revolution, everyone!

https://youtu.be/YJhEE4d-S30
 
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The Stars Of Architecture Hoist The Flags

by Mary Godfrain, IDEAT

Jean Prouvé’s revolutionary prototypes in the 1950s had their offspring… The Filipino entrepreneur Robbie Antonio flooded the five continents with his prefabricated houses, and reserved architect pavilions for the wealthy, which he exhibited in Miami or Paris. Meeting with an ultra-hurried “serial real estate developer” and a tad megalomaniac…

You presented your pavilions during FIAC 2017. Why did you choose the Tuileries Garden to exhibit these works?

It’s very moving to talk about this project carried out with Jean Nouvel , a few meters from the Louvre pyramid, the work of the architect Ieoh Ming Pei, who carried out one of my very first projects with his sons. They designed the Centurion together in 2008 and 2009, an all-glass condominium in south Central Park.

Kengo Kuma’s pavilion.
revolution precrafted

From the start of your career, you called on starchitects…

Yes, I worked with a dozen Pritzker Prize winners , including Rem Koolhaas, Ieoh Ming Pei, Jean Nouvel, Christian de Portzamparc, Paulo Mendes da Rocha, Zaha Hadid and many others. I’m obsessed with architecture!

The Campana brothers’ beach hut.
revolution precrafted

What interests you in contemporary architecture?

It’s the idea of ​​being able to raise the prefabricated house to a fairer level, more in line with our times. In two days, we assemble houses that took two months to manufacture and can be transported and assembled anywhere in the world. And we offer them at a fair price: a few hundred thousand dollars! I don’t want to work only for a wealthy clientele. Moreover, my clients are also public authorities and developers. In Asia, I have just built a thousand prefabricated amenity houses by the sea. I also have large orders coming to me from the Middle East. My next project is prefabricated hotels, delivered turnkey. And, for the more fortunate, I imagined prefabricated pavilions designed by designers and architects…

The pavilion of Marcel Wanders.
revolution precrafted

A collection that erases the boundaries between art, architecture and design. Are you part of this trend?

Like many people of my generation, I am passionate about these three disciplines. Thanks to my job as a promoter, I try to combine them through my limited-edition pavilions. A desire that I have just materialized with the first prefabricated museum developed by Christian de Portzamparc. Our “reproducible museum” is a museum space with several elements that can be combined to adapt to the site and the hanging. I personally develop the first of these spaces in the province of Batangas, one hour from Manila. It will open this month.

The Reproducible Museum designed by Christian de Portzamparc.
revolution precrafted

Apart from the price, what is the basic difference between pavilions and houses?

Pavilions are not necessarily utilitarian. I would say that the houses respond to a need and the pavilions to a dream, like the tea pavilion or the meditation pavilion. To imagine them, I called on personalities that I took out of their comfort zone: Ron Arad or Lenny Kravitz, for whom these are the first achievements.

The prefabricated pavilion by Marcel Wanders.
revolution precrafted

How is the genesis of these pavilions going?

I think first of a use. For example, I ordered a pavilion for dinner from the late Zaha Hadid, another from the Gluckman Tang agency to exhibit art. Jürgen Mayer’s agency imagined a place to meditate, while Michael Maltzan designed a beach pavilion, and Sou Fujimoto, a multifunctional space.

The Modular Glass House designed by Philip Johnson – Alan Ritchie Architects.
DR

What is the role of technology in your projects?

It is essential ! Imagine the technology that had to be developed to build a house in two months. I make the architect and the engineers work in parallel. Thus the modular glass house, inspired by that of Philip Johnson (built in 1949, editor’s note) , was developed in ultra-technological factories. I also use technology as a sales force since all orders are made on the Internet. I spend a lot of time sourcing and meeting manufacturers around the world who work with glass, wood or steel. That is about 300 professionals on whom I rely according to their know-how and the quality-price ratio of their production.

How do you deliver these buildings?

We transport them by container and by truck. The houses, of course, need building permits, as they are equipped and must be connected to the water and electricity networks, but not the pavilions, which can simply be put up by our teams.

Ambition And Power Front Our July 2017 Issue

by Esquire Philippines

THE REVOLUTION WILL BE LIVE. Take a hard look at the influence, power, and obsessions of Robbie Antonio in our July 2017 issue, where the Century Properties scion talks to us about his startup, Revolution Precrafted, and his quest for its billion-dollar valuation.

IMAGE Edric Chen

Inside: Washington Sycip, pillar of Philippine finance, talks about the considerable lessons he has learned over his lifetime. Meet internationally acclaimed documentary photographer Xyza Cruz Bacani, who rose from obscurity and her job as a domestic worker to become a Magnum Foundation fellow and one of the most talked-about Filipino photographers today. Also, in this month’s Notes & Essays: Violence, according to Lakan Umali, G.M. Enriquez, and Miro Capili; with photos by Carlo Gabuco.

Plus: In time for Game of Thrones’ penultimate season, Kit Harington speaks to Esquire about transcending his role as the wonderboy of Westeros; Carlo Gabuco and Luis Liwanag show us the view from the ground in Marawi; we list down ten cool trinkets that you can get your hands on now in this month’s Esquire 10; and Mona Lisa Neuboeck is a Woman We Love.

Read all these and more in the July 2017 issue of ESQUIRE. A digital edition is available at bit.ly/esquireph.

On the cover: Robbie Antonio, founder and CEO of Revolution Precrafted, photographed exclusively for Esquire Philippines by Edric Chen; with grooming by Joan Teotico using NARS Cosmetics, and hairstyling by Jayjay Gallego for Creations by Lourd Ramos Salon and Brix Batalla. Shot on location at Milano Residences.

Private Museums Are Multiplying: Three New Realities In Germany, France, and The United States

by Silvia Anna Barrila

Among the great collectors, the private museum has now become a must, so much so that the Filipino collector and real estate developer Robbie Antonio – famous for his collection of portraits of himself painted by well-known international artists exhibited in the house that Rem Koolhaas designed for him – recently launched a replicable, prefabricated private museum model , designed by Christian de Portzamparc and ready in less than six months for just under $1 million.

Two new museums were inaugurated in the last days of June, adding to the long list of spaces opened by private individuals at an international level for their collections. One of the two has Italian Arte Povera at its center and is promoted in Upstate New York, not far from the Dia Art Foundation , in a warehouse converted into a place for art by the couple Nancy Olnick and Giorgio Spanu , Sardinian patrons who emigrated to the USA . It’s called Warehouseand opened on June 28 with an exhibition entitled “Margherita Stein: Rebel Without a Cause” dedicated to the gallery owner Margherita Stein who in 1966 opened a gallery in her home using the name of her husband Christian and supported the then emerging Arte Povera artists. The space covers more than 1,600 m2 and includes a library with 5,000 volumes. The aim is to promote knowledge and appreciation of postwar Italian art in the United States.

  • Robbie Antonio
 

In Germany, however, last June 24 Susanne Klatten , also known as Lady BMW, inaugurated a private museum for her collection of 600 works of art centered on the theme of nature . Aged 55, with a net worth of $21.9 billion according to Forbes , Klatten owns together with brother Stefan Quandt more than 50% of the shares of the German automaker thanks to the legacy of parents Herbert and Johanna Quandt (who also passed on the Altana pharmaceutical company). The life of the museum began in 2012 with the creation of a foundation called Stiftung Nantesbuchwhich promotes awareness of the value of nature and art. Since 2013, with the purchase of a land of almost 4 km2 near Bad Heilbrunn, in Bavaria, it has given way to the construction of a complex designed by the architect Florian Nagler where exhibitions, events, training and educational activities will take place.

The investment required to build the structure has not been disclosed. Just last year Susanne Klatten announced the donation of 100 million euros for social projects to 100 organizations over the next five years.

While the building that has just been inaugurated will host the events and activities, a second one has been planned to house the collection entitled “An die Natur”, to nature, with works on the theme of the micro and macrocosm, animals, plants and of the man of international artists such as Baselitz, Michael Beutler, Olaf Holzapfel, Alex Katz, Anselm Kiefer, Wolfgang Laib, Robert Longo, Markus Lüpertz and David Nash .

Two days after Susanne Klatten’s museum was inaugurated, collector and luxury mogul François Pinault also unveiled his plans for his third private museum for his collection, estimated at $1.25 billion and 3,500 works. It will be found in Paris within the Bourse de commerce which will be transformed into a place for contemporary art by Tadao Ando , ​​the author of the two Pinault museums in Venice, Palazzo Grassi and Punta della Dogana , with the addition of a gigantic concrete cylinder inside the nineteenth-century building.

But there are also collectors who, instead of building their own museum, support public ones, such as Steve Cohen who three days ago announced the donation of 50 million dollars to the MoMa in New York – the largest donation he has ever made to of the museum of which he has been a supporter and a member of the board since 2016 – to allow the expansion of the museum which will take place by 2019. Also the music mogul and collector David Geffen last month donated 100 million dollars to MoMA for the same purpose .

 

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