Author Archives: michael_seedplus

About michael_seedplus

I am a partner at SeedPlus, focusing on the seed stage investing at

A Privacy-Focused Vision for Social Networking | Facebook (bullshit)

I threw up a little in my mouth while attempting to read this :: A Privacy-Focused Vision for Social Networking | Facebook

I couldn’t bother to finish it.

Problem is he or his platform is long past its due date when it comes to the trust label.

I don’t think it will ever come back.

My family and I have been enjoying

I wish they would just charge for it, lock it all down and go big.

Sea is raising up to $1.5B for its Shopee e-commerce business in Southeast Asia | TechCrunch

Well this is a battle to watch.

Since Amazon Prime showed up that’s pretty much where I get my stuff – apart from going to the store or the wet market. Yes – that’s still a thing in Asia and I love it.

I get the other stuff I need from iHerb which has great prices and ships for free to Singapore. Can’t beat it.

I still very rarely wonder in the untamed marketplace that is Lazada or Shopee. I have tried them both for some weird stuff I couldn’t get elsewhere but generally are disappointed with the quality of it. For sure though the marketplace model of each holds very little interest from me so I am always amazed at the numbers for these products but of course not a lot of profit yet.

Then add in the while Carousell and Facebook stuff for lots of other P2P transactions which our family has used way more than Shopee or Lazada but both could be done so much better. I actually there is some opportunity in the P2P space being done right but maybe Carousell and FB are just too big now.

Anyways – welcome to SEAsia! Its gonna be a crazy next 10 years!

Sea is raising up to $1.5B for its Shopee e-commerce business in Southeast Asia | TechCrunch

Pro Rata – March 5, 2019 – Axios

I listened to the while podcast and there were so many just weird moments.

HIs comparisons to slavery – yeah right.

And no matter what he says about stuff – his arrogance is amazing.

I am with Dan here – this dude is kind of full of himself.

No not kind of – is. What’s funny is he thinks we all care.

Pro Rata – March 5, 2019 – Axios:

😲😲 Venture capitalist Chamath Palihapitiya this week continued his reputational rehabilitation campaign, in the wake of rapidly tearing down the private investment firm he had founded (and, in the process, converting it into something more akin to a family office).

From a new Recode podcast:

“We’ve taken a couple billion dollars in and we’ve compounded that money at between 30 and 40 percent a year. So to all the people that worked for me and whose money I took, you’re fucking welcome.”

(Didn’t those colleagues help you raise and invest that money? If so, shouldn’t you actually be thanking them?)

“We did the job we were asked to do. But just like Michael Jordan had a decision to retire and go play baseball, I chose to retire and go play baseball. Now, I may come back to basketball, but this is my decision. I am not your slave. I just want to be clear. My skin color 200 years ago may have gotten you confused, but I am not your slave.”

(Michael Jordan was the single greatest ever at what he did. Social Capital did well, but not that well. Also, Jordan was a mediocre baseball player. Is that the comp for the holding company? Finally, Jordan didn’t give the rhetorical middle finger to Scottie Pippen and his other teammates after their run was over. As for making this about racism… Seriously?)

Alibaba Bets on Frenchman to Lead High-Stakes Southeast Asia Expansion – Bloomberg

I’m not a huge fan of the product but I use it from time to time and it works, but let’s admit that Singapore is easy.

I used to use redmart but saw no reason to when amazon prime arrived. Personally I think it’s a mistake that they are rolling redmart into the platform but I am sure they have their reasons.

All that aside I think appointing Pierre is the right move and good to see Alibaba learning a trick or two. Pierre has the history and knows what he is doing. The competition will be stiff but I think having a founder in charge is a better look versus what it looked like Alibaba was planning to do.

Congrats and good luck!

Pierre Poignant will have to vanquish well-funded regional rivals if he is to achieve Alibaba’s vision of becoming a global player.

— Read on