The Venture – Details, episodes & analysis

Dan Vahdat, the founder and CEO of Huma, is on a mission to change how the healthcare industry approaches research, treatment, and care.

Growing up in a family of doctors, Dan saw how 24/7 treatment of patients often deteriorates as soon as they leave the hospital – which is typically when complications occur. To fix this, he started Huma in 2011, a London-based company focused on making healthcare more proactive. Huma’s digital platforms are now used by over 3,000 hospitals and millions of people around the world. Recently, Huma raised over $80 million in funding to support its new AI-powered platform. In this episode of The Venture, Dan talks with McKinsey’s Timothy Yap about how AI and wearable technology are playing a key role in improving healthcare and why success still relies more on people than technology.

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The CEO of a cutting-edge fintech explain how his start-up offers investment services once reserved for the ultra-wealthy to successful professionals.

As the eight cofounders of Singapore-based Arta Finance got to know one other during their years together at Google, they recognized a massive market gap for investment services aimed people like themselves: successful professionals who were doing well, but not well enough to access top-tier financial services. With a total addressable market in the trillions, they decided to launch a fintech start-up offering these elite services at scale, using a digital platform powered by AI. The venture quickly attracted prominent investors and VC funding in excess of $92 million, is already doing business in the US, and will begin operating in Singapore by early 2024. Caesar Sengupta, CEO of Arta Finance, sat down with McKinsey’s Tomas Laboutka to discuss Arta’s mission to automate public market investing and provide access to alternative assets by offering clients the services of a digital private bank and family office.

Comments and opinions expressed by interviewees are their own and do not represent or reflect the opinions, policies, or positions of McKinsey & Company or have its endorsement.

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In this episode of The Venture, we share a conversation with Moritz Hartmann, global head of Roche Information Solutions for Roche Diagnostics, one of the Swiss multinational’s two divisions. Adapting to constant technological change and disrupting via science has fueled the 125-year-old company’s longevity, which now uses digital tools and data science to provide insights, drive outcomes, and deliver personalized healthcare. Hartmann sat down with McKinsey’s Anand Swaminathan to explain his mission to innovate the company’s diagnostic solutions through the adoption of new technology, giving product teams the freedom to operate without interference from above, and never forgetting to let patient needs guide the business.

Comments and opinions expressed by interviewees are their own and do not represent or reflect the opinions, policies, or positions of McKinsey & Company or have its endorsement.

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   Listen to the podcast (duration: 33:25) >  In this episode of The Venture, Andrew Roth shares a conversation with Andre Menezes, cofounder and CEO of Next Gen Foods, a Singapore-based, food tech start-up. Its first product, TiNDLE, a plant-based chicken, is already making waves with chefs and diners in Singapore, Hong Kong, and Amsterdam. It recently debuted in the US, and helped Next Gen secure $100 million in funding. Andre talks about how Next Gen designed TiNDLE around three core elements, its decision to target restaurants before supermarkets, and why sustainability should be baked into a product, rather than the main selling point.

Comments and opinions expressed by interviewees are their own and do not represent or reflect the opinions, policies, or positions of McKinsey & Company or have its endorsement.

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   Listen to the podcast (duration: 38:39) >  In this episode of The Venture, Andrew Roth shares a conversation with Samuel Rhee, Chairman, Chief Investment Officer, and cofounder of Endowus, a Singapore-based financial technology company that transformed the city-state’s cumbersome social security investment process into a fully digital experience. It’s now the only investment platform in Singapore approved for the investment of all funds, an eye-popping trillion-dollar wealth market. Samuel talks about Endowus’ mission to solve the retirement adequacy problem with financial literacy, expert advice, lower costs, elimination of hidden fees, and a corporate culture that puts the client first.

Comments and opinions expressed by interviewees are their own and do not represent or reflect the opinions, policies, or positions of McKinsey & Company or have its endorsement.

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   Listen to the podcast (duration: 35:57) >  In this episode of The Venture, Andrew Roth shares a conversation with Josh Tetrick, CEO and cofounder of Eat Just, a California-based company that makes eggs from plants and produces meat from animal cells. The company was founded in 2011, and has sold the equivalent of more than 200 million eggs via JUST Egg, a plant- based egg made from mung beans. In 2017, the unicorn announced its intention to develop cultivated meat, and in 2020, Singapore became the first place to approve the sale of its chicken. Josh talks about his mission to change the nature of meat production, convincing consumers to accept unconventional meat, and the challenges of scaling a new industry.

Comments and opinions expressed by interviewees are their own and do not represent or reflect the opinions, policies, or positions of McKinsey & Company or have its endorsement.

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   Listen to the podcast (duration: 38:18) >  In this episode of The Venture, Andrew Roth shares a conversation with Hugh Yao, CEO and founder of LingoAce, a Singapore-based online language learning service aimed at children. Hugh founded the company in 2017, and after a couple years of deliberately glacial growth, the business exploded during the pandemic, growing some 4,000 percent and attracting students in more than 100 countries. Hugh talk about the genesis of LingoAce, why he kept his foot on the brake for so long, and how the company is dealing with its rapid global expansion.

Comments and opinions expressed by interviewees are their own and do not represent or reflect the opinions, policies, or positions of McKinsey & Company or have its endorsement.

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   Listen to the podcast (duration: 26:17) >  In this episode of The Venture, Andrew Roth shares a conversation with Edward Ying, former director of planning and transformation at Indonesian telco Telkomsel, and Trio Lumbantoruan, vice president of by.U, the carrier’s fully digital start-up. Telkomsel is Southeast Asia’s largest wireless provider, with more than 170 million subscribers and a 66 percent market share. In 2019, it launched by.U to win new customers in the Gen Z market and develop a brand with digital natives. Ying and Lumbantoruan talk about the thinking behind the start- up, the adoption of continuous innovation in the mothership, and the transformative impact the by.U team has had across its corporate parent.

Comments and opinions expressed by interviewees are their own and do not represent or reflect the opinions, policies, or positions of McKinsey & Company or have its endorsement.

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   Listen to the podcast (duration: 39:31) >  In this episode of The Venture, Andrew Roth shares a conversation with Jakob Angele, CEO of Foodpanda APAC, part of Delivery Hero’s global network of food-delivery services. Angele talks about building a business based on delivering a restaurant meal to someone’s home, which at the time was something new to consumers and restaurants alike. Angele describes Foodpanda’s emphasis on speed, scale, and brand to build market share even as competitors entered the market.

Comments and opinions expressed by interviewees are their own and do not represent or reflect the opinions, policies, or positions of McKinsey & Company or have its endorsement.

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   Listen to the podcast (duration: 39:08) >  In this episode of The Venture, Andrew Roth shares a conversation with Alvin Cai, vice president of New Ventures, the corporate business-building arm of Singapore’s Economic Development Board. Cai talks about his group’s new Corporate Venture Launchpad, a S$10 million pilot program designed to help corporates build Singapore- based start-ups by partnering with established venture studios, and why he believes success depends on agility and autonomy from the mothership.

Comments and opinions expressed by interviewees are their own and do not represent or reflect the opinions, policies, or positions of McKinsey & Company or have its endorsement.

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