HTBV 11 | Truths about Automating and Growing F&B and Retail Businesses in SEA | Wai Hong, StoreHub

Описание: How do you build a business serving clients that operate on thin margins in a competitive environment? And how do you ensure your business remains resilient against client churn and funding challenges?

Find out from Wai Hong, founder of StoreHub. In Episode 11 of Hard Truths by Vertex, Wai Hong Fong, the co-founder of StoreHub, reveals the hard truths he learned in building a successful business that caters to F&B and retail businesses.

Tune in to HTBV11 to find out!

Our Guest
Wai Hong Fong is the co-founder of StoreHub, an all-in-one platform that enables retailers and restaurants across Southeast Asia to automate and grow their businesses. StoreHub’s platform provides a comprehensive ecosystem of solutions ranging from a cloud-based POS system to QR-based table ordering, loyalty, customer engagement, and more.

He also built OZhut, an Australian multi-niche online retailer, before creating StoreHub. In 2011, while running OZHut, he was recognized as Melbourne's "Top 100 Most Influential People" by The Age Newspaper and Australia's "Best Young Entrepreneur" by StartupSmart.

Wai Hong describes himself as an accidental entrepreneur, a geek, a foodie, and a gamer for life. He is passionate about creating profitable, purpose-driven businesses and believes that the methods used to do so should be characterized by honesty, modesty, and generosity.

In This Episode
(00:33) How StoreHub got started
(04:36) Hard Truths about F&B and Retail
(07:02) How they create a scaled marketing and sales process
(10:00) Early days of StoreHub
(12:20) Meeting his co-founder and CTO
(14:25) Meeting Vertex
(16:06) Hard truths about fund-raising
(18:30) How Vertex is different from many other VCs
(20:20) Product-Market Fit isn’t a static thing
(22:50) How StoreHub launched a food delivery business in just 48 hours
(26:41) Being resilient to funding challenges
(29:27) Building a pro sports team culture

Links
Notes and Full Transcript for Episode 11: https://www.crazytokmedia.com/podcast...
Listen on Apple: https://podcasts.apple.com/us/podcast...
Spotify: https://open.spotify.com/episode/7ry5...
Google: https://podcasts.google.com/feed/aHR0...

Or watch our other episodes here on YouTube.

If you like what you hear please follow or subscribe to the show so you don’t miss out on any of our upcoming discussions.

Your Host
Elise Tan is the Director of Communications and Community at Vertex Ventures Southeast Asia and India. Prior to joining Vertex, she has had extensive experience in investor relations and partnership at global venture funds and accelerators with more than $100m in AUM. Elise also currently runs a Southeast Asia-based startup community of nearly 800 entrepreneurs called the Asia Startup network and actively supports their startup journey through panels, meet-ups and mentoring programs.
Our #HardtruthsbyVertex podcast is a Top 5 show for #entrepreneurship in Singapore. New episodes release every 2 weeks, follow us on #Spotify, #ApplePodcasts, #YouTube and other major #podcast platforms.
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Vertex Ventures Southeast Asia & India is a pioneer in investing in tech start-ups in this region and has helped to build a number of unicorns. In this podcast, we seek to share and uncover the Hard Truth - raw, unfiltered insights and venture capital knowledge from across Southeast Asia and India. Tune in to learn from leading founders, innovators, venture capitalists, and industry experts in the region and to gain industry insights from those in the know.

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