Starting a business isn’t easy. From finding raw materials and making your products to actually reaching the right customer base, everything takes a lot of time and energy. Even though this process is so hard, a lot of people venture out and start their own businesses, so much so that small business enterprises (SMEs) make up 90% of the world’s businesses.
Whether you hate them or love them, Holmes and Sorokin’s stories are packed with invaluable lessons for success! 2022 is overrun with TV shows about
When the Escape Welt team reached out to us with an offer to review one of their puzzle boxes for adults, to say I, a puzzle enthusiast, was excited is an understatement.
When most people think of entrepreneurship, they think of the lone wolf—the person who ventures out on their own, works hard and makes it big. However, there is another approach to entrepreneurship that is becoming increasingly popular:
When the co-Founder of Hong Kong-based food startup Good Food Tech (GFT), Andrew Leung, introduced his new product—“PLANT SIFU”, that is plant-based pork—to his family, they responded positively but also offered criticism (something he considers essential). Like most dishes in Chinese culture, their reaction was perfectly balanced.
Lawyers defending the founder and former CEO of blood-testing company Theranos, Elizabeth Holmes, want you to know that she was just a bright-eyed, bushy-tailed young girl who tried and failed. She was trying to change the world—one drop of blood at a time.
Non-fungible tokens (NFTs) have experienced an explosion in popularity in the past year. Sales volumes for NFTs increased from US$94.9 million in 2020 to US$24.9 billion in 2021. Be it through purchases of Apes or Cryptopunks, people have been actively diving into the NFT trend.
On January 13, 2022, virtual metaverse and mobile game The Sandbox hosted a Mega City LAND sale. Managing Director of Greater China at The Sandbox, Harvey Tsoi, discloses with no air of surprise, “The land was sold within seconds.” And why wouldn’t it be when there’s an opportunity to live next door, at least virtually, to your favorite celebrities, like Snoop Dogg, the Smurfs, The Walking Dead and more? Besides renowned creators, The Sandbox also brings entrepreneurs closer to better business opportunities.
With global temperatures rising, climate change has become a glaring fact that every one of us has to come to terms with. According to the Intergovernmental Panel on Climate Change’s (IPCC) 2021 report, global surface temperatures have become 1.09 degrees Celsius higher between 2011-2020 than between 1850-1990. By 2025, nearly 1.8 billion people would be living in regions with absolute water scarcity.
Over five percent of the global population, that is, 432 million adults and 34 million children, suffer from hearing loss. One of the biggest problems that this section of society faces is the lack of hearing implements. Although 80% of those with hearing loss live in developing and underdeveloped countries, most of the world’s cochlear implants are consumed by developed countries.
This year has been an eventful one for Sarojini McKenna, the co-Founder of the NFT Metaverse Alien Worlds—a globally-acclaimed blockchain game. From creating an unparalleled community-focused game to growing from 10,000 to five million users within a year—Alien Worlds’ journey has been one for the books.
Deviating from industry conventions and stereotypes, HK Model Camp (HKMC), a platform for modeling training and services, promotes self-acceptance and believes that everyone should be acknowledged.
The relationship between co-founders can make or break a business. On the one hand, taking the co-founder route can improve the chances of your startup’s success. On the other hand, it can also lead to disagreements and conflicts.
We all know about Apple’s success. With a US$2.4 trillion market capitalization and a range of tech and applications under its belt, the company has been consistently topping the charts in terms of sales. One of their most popular products, the iPhones, has earned Apple US$191.9 billion in revenue in 2021, with the company’s other tech following suit as well.
From launching food and beverage (F&B) startups in Canada to co-founding Denzity and PropTech Institute in Hong Kong, entrepreneur Darren Wong has traveled a long and winding road. One that has led him to finally leave PropTech Institute and take on more ecosystem building work at the Hong Kong PropTech Association (HKPTA).
Silicon Valley entrepreneur Elizabeth Holmes’s journey shows that not all Ivy League-dropout stories are those of success. At 19, Holmes dropped out of Stanford to start Theranos, a health-tech company that set out to revolutionize healthcare by detecting diseases with a single drop of blood. The idea was innovative and promising, so much so that Vice President Joe Biden called it “the future of laboratory science”. Seeing its potential, investors poured over US$400 million into the business.