#VynnHack is a virtual hackathon by Vynn Capital to provide a platform for next generation entrepreneurs to work with validated businesses. It is also the venture capital firm’s answer to providing a sustainable value-add to its portfolio companies.
Vynn Capital, supported by the Chartered Alternative Investment Analyst Association (CAIA), Malaysia Digital Economy Corporation (MDEC), Malaysian Global Innovation & Creative Centre (MaGIC), Fundnel and Malaysian Venture Capital & Private Equity Association (MVCA), is organizing a portfolio – focused virtual hackathon – #VynnHack. The hackathon is also a result of participation by Vynn Capital’s portfolio companies, namely Carsome, Dropee and Travelio. The themes of #VynnHack is provided in the form of opportunities identified by the three companies, where the winners will be the individuals, teams or startups who are able to propose solutions that complement said opportunities. Participants can be from any country within Southeast Asia.
#VynnHack welcomes youths and entrepreneurs, from university students to working professionals or startups and companies, to pitch their best ideas to the three companies and Vynn Capital. Winners will have the opportunity to be hired by the companies or work on building the proposed solution or product together with the companies. On top of that, 2 of the winners will also be picked by Vynn Capital to be placed under its mentorship program. The venture capital firm is also putting out there that the winner will also be considered as a potential investee.
“As industries continue to evolve, it is a good time to upskill our workforce. As such it is also important for us to provide opportunities to the youth and talented individuals. With #VynnHack, we are looking to encourage more talent to be interested in the new economy and be a part of it. We are providing a platform for people to work with startups which we recognize to be the potential success stories that the next few generations of the busines world would talk about.” said Victor Chua, the Founding & Managing Partner of Vynn Capital.
Eric Cheng, CEO and Co-Founder of Carsome highlights that “It is important to be in the right ecosystem or partnership environment as you will gain valuable insights and learnings, which is crucial for growing or scaling one’s business. I urge Southeast Asia’s young entrepreneurs to be very clear of the solutions they are building or offering, gather a capable team who believe in the same vision right from the start, set realistic goals and pace everyone towards the ultimate goal together.”, as he encourages greater participation in #VynnHack and establishes the goals of the event.
“Young entrepreneurs should start normalising failure, view them as a form of feedback, and indoctrinate the growth mindset. Incorporating a business and calling yourself as an entrepreneur is easy. But when your business starts scaling fast, you are no longer just an entrepreneur – you’re now a leader. And being a leader in a scale-up company means you have to scale as fast (if not faster) than your company. That way, you have earned the rights to lead the said company.” said Lennise Ng, CEO and Co-Founder of Dropee, in support of developing future generations of entrepreneurs.
Beyond Malaysia, Hendry Rusli, CEO and Co-Founder of Travelio, comments “Southeast Asia has a lot of potential due to its developing economy and young entrepreneurs have numerous opportunities in identifying the existing pain points in the markets. With perseverance and staying on the forefront in adapting to new changes, young entrepreneurs will be able to grow and stay nimble in a competitive market.” when inquired about the ASEAN startup scene and the opportunities it presents.
For more information about #VynnHack, please visit Vynn Capital’s website or contact the firm at email@example.com.