Anderson Tan — The Renaissance Man first appeared on Blockleaders, written by Jillian Godsil on 4th October 2018
Anderson Tan is positively voracious in his seek for information and studying. In 2014, whereas between jobs (and by jobs I imply having bought two corporations and being concerned in actual property earlier than casting about for a brand new journey), he studied constantly pc science, physics, entrepreneurship, philosophy, know-how, coding, artistic drawback fixing, area, music amongst different issues via on-line studying platforms operated by Stanford, MIT, Harvard, Wharton, Yale, Princeton, Babson, Berkeley, Northwestern, IBM, Linux, College of London, College of Edinburgh, College of Oxford, College of Tokyo and lots of extra.
He’s a graduate of the Singularity College International Options Program, an immersive expertise the place solely 80 of 2000 rigorously chosen people merge for 12 weeks of 24/7 exponential applied sciences studying at NASA Ames Analysis Park, the worldwide epicentre of innovation. That was in 2016, the identical yr during which he took half in an Government Area Program on the Worldwide Area College. He holds a daily undergraduate diploma from Oxford Brookes, UK, the place he studied enterprise and knowledge know-how. He’s an alumnus of Hive, Landmark, Wharton, Asian Institute of Administration, Middle for Artistic Management and Dale Carnegie Coaching.
And but, when in search of a brief biographical sentence to explain Tan, the road ‘Angel Investor, serial entrepreneur and advisor’ jumps out earlier than a secondary description which appears to suit extra intently the person who has studied in so many locations: that of ‘serving others, building ecosystems and impacting billions.’
Born right into a rich household within the Philippines, Tan opted to review overseas within the UK, regardless of having lived in New York for a portion of his childhood, the place his sister attended school.
He feels the UK offered a a lot better instructional expertise than what he may need achieved in his native nation. “In the Philippines, education was very spoon fed. And there was too much emphasis on studying. Whereas in the UK, the emphasis was on research and teamwork. Besides, living independently for the first time, I found the freedom exhilarating and I guess I became a man, no longer a child, in my three years away.”
He arrange a sideline enterprise whereas at school, promoting items from the Philippines on eBay to UK residents and netted a cool $25,000 revenue over a variety of months, displaying his early entrepreneurial skills.
Returning, Tan joined his father in his enterprise. That they had the unique distribution rights within the Philippines for Konica Minolta. On the time it was an enormous enterprise with about 400 resellers dotted throughout the nation. Nevertheless, when the father or mother, Company Imaging Division, declared losses of $400 million, his father’s enterprise was closed in a single day. His subsequent enterprise was into the digital images business. He quickly established and was managing a profitable enterprise that turned the primary model within the nation earlier than it was acquired and Tan exited Nikon Philippines.
“That was a blessed escape,” he says as digital camera gross sales dropped the yr after the acquisition. And he vowed by no means once more to enter enterprise the place bodily inventory shaped the idea of the corporate. Dealing with technological disruption twice early in his early profession would make him each risk-averse and danger constructive, as soon as he had carried out his homework.
His subsequent enterprise was into the meals business the place he co-founded and ran Caffe Ti Amo which was in flip acquired by a serious company. Tan was beginning to make critical cash. He divested somewhat into actual property and at this stage started wanting on the startup business and Angel Investing.
Tan has been buying and selling within the international inventory markets for over virtually over a decade now. He initially misplaced cash after which profited in on-line buying and selling however admits he missed out on some obtrusive alternatives in the course of the 2008 recession. Tan can also be an ex-pro Tekken, counter-strike, and Diablo gamer and ex-pro poker participant.
“I had begun to look at tech startups but I missed out on Facebook and Google. Then, during the US housing recession, I looked at Visa, Citibank and others when their shares were only worth cents. I contemplated buying them but felt they might go bankrupt and I would lose my money.”
“How was I to know that the government would bail out the banks? That never occurred to me.”
As an alternative, Tan started to review how he might be an Angel Investor. He attended seminars, meetups, and conferences. He initially helped out startups and tried connecting them with potential enterprise companions, shoppers and buyers with no strings hooked up.
“I never had an intention to charge anyone at the early stage because I was learning too. But as I helped them, it also taught me how to evaluate an opportunity.”
When requested for his standards on selecting which startups to spend money on, he solutions in a short time:
“Firstly it is timing. Consider something like Airbnb. When they launched, the world was recovering from the housing crash and most people were in financial ruin. They offered people an easy way to monetise their spare living spaces.
“Secondly is to look at the competition. If the founder says they don’t have any competitors then that to me is a big fat red card.” He Googles the startup for a competitor as a rule of thumb.
Tan additionally seems on the staff. He prefers a mixture of enterprise, technical and monetary leaders. He’s additionally not eager on single founders. “I have been that soldier — it is tough going it alone. It is much easier to have fellow co-founders to help you along the way or to give support when times get tough and to celebrate with when milestones are achieved.”
He additionally seems for a grand imaginative and prescient. “If a founder wants to create a company worth $100 billion, then his chances of hitting $10 billion are much higher. I like a founder with great passion and visualization.”
Standards quantity 5 is the enterprise mannequin. “How is the enterprise going to make money? This is imperative. A nice idea will not pay back any funding by itself.”
Lastly there’s the deal itself. What’s being sought, what’s being provided in return and the way constructive they’re. “A positive founder is much nicer to deal with in the long term,” he provides.
When Tan invests or advises in a startup he places his coronary heart and thoughts into it as he likes to have a hands-on but non-controlling strategy together with his native startups: attending board conferences, networking, serving to in funding, providing recommendation, and mentoring in an lively method. For foreign-led operations, he’s by practicality far more hands-off since he invests by way of crowd fairness platforms like MicroVentures.
As one of many prime Angel and Crypto Buyers in Asia, Tan now drops a bombshell. “I only got into crypto and blockchain last year,” he says and I gulp. “Really?” I examine, pen poised midair.
“Yep, early in 2016 I first heard of blockchain at Singularity University but sadly didn’t listen as I was more focused into outer space and failed to accumulate some crypto. So in early 2017, I bought some coins, mostly Bitcoin, Eth, and Ripple, and was then mentored by two of the best traders in the country who call themselves Darth Trader and Crypto Carlo.”
This yr he’s beginning to host (mine) with Holochain being his coin of selection apart from Devvio, which he’s advising.
Tan co-runs a startup innovation hub for native entrepreneurs. There are over 30 startups already within the portfolio making LaunchGarage a fantastic accelerator. He’s a co-owner of ProudCloud, a dev store for AI, blockchain and IOT. He’s a enterprise companion and investor with MicroVentures crowd fairness platform in Texas providing early and later stage fairness funding rounds.
“Of course, while that is interesting and there is more meat in the projects, the returns are much less and certainly not in the ratio of 10x for angel investments. In crypto I have seen one of my investments reach over 10,000%.”
In reality, he’s concerned in over 100 corporations and organisations, relatively like his research throughout 2014.
However for all his numerous investments and roles, Tan isn’t an impulsive man. That could possibly be seen again initially of this century when he truthfully admits he was mistaken to not take a danger with a few of the dot-com and housing recession corporations.
“Since I entered this industry I have been studying the current Bitcoin boom. And then I have gone back to the history of financial systems which started out in the form of barter, and all the historic bubbles and crashes, to see if I can trace a pattern and learn from them.”
Tan traces a line all the best way again to the 1600’s Tulip bubble (typically quoted in reference to in the present day’s incoming crypto bubble). He appears on the delivery firm bubble within the 1700s, the good melancholy within the 1930s, and, extra just lately, the breaking of the web within the dot-com bust and the decade-old housing recession.
“There are definitely similarities in the current bubble. What takes a growth or a development from merely an exciting new technology to a bubble is two-fold: firstly, centralised banking and secondly, human greed.”
“We are on an S curve and it shows that we may hit a crash in the next two to five years. What’s happening now is merely a major correction.”
Right here he pauses. “But it is not the end of the world. The dot-com bust didn’t destroy technology or the internet. It hit a crazy peak, dropped and then guess what, people continued to work away in the area as Google and Amazon prospered. That’s how I view the coming years.”
I revert to the banks difficulty and we spend the subsequent fifteen minutes quoting and requoting one another on what the banks have completed thus far, the decoupling of the Federal Reserve from the US Greenback in 1971, the risks of centralisation, how banks don’t supply service now, and even worth for cash, and the ludicrous choice of governments around the globe to bail out the banks through the monetary disaster in 2008.
Having ticked all our widespread views on worldwide banking, we revert again to the interview and the world based on Tan.
“I believe a golden era will arise after the crash and crypto winter,” he says. And this view is probably elucidated by my earlier enquiry as to his marital and parental standing. He’s married with two young children however he doesn’t, like different new fathers, view the world with suspicion and worry.
“Distributed Ledger Technologies besides AI is a powerful tool for humankind,” he says. His keep in Singularity College helped type that view.
“We learned there, at possibly one of the most powerful think-tanks in the world, that there is less famine, fewer wars and less poverty than at any other time in our history. And we learned about the mindset of abundance in the world.”
Right here we deviate once more each tic-tac-toeing with shared visions of a world predicated on abundance. We find yourself exchanging buzz-words and if we had had the cameras on they might have decide up our violent head-nodding in settlement.
His spouse can also be entrepreneurial, hodling some crypto, operating a restaurant and nail salon franchise and co-investing alongside Tan in a few of his tasks. Their joint hobbies embrace watching movies with their youngsters, journey, eating out, church and, when he has time, enjoying video video games, learning, studying, studying new issues and experiences. He hasn’t fairly given up on his scholar pastimes as but.
Presently, Tan is establishing Alpha Omega Capital, a safety token enterprise capital fund tradeable on securities exchanges globally 24/7 and is trying to increase some $100 million in funding. The fund will consider digital belongings, creating the “picks and shovels” of the $500 trillion international securities market.
“Blockchain is such a natural continuation, safeguarding the trust when assets become digital. We are also looking at social impact DApps and blockchain disruptors on the side.”
Right here he mentions a buying and selling recreation the place entry to e-sports gaming platforms is enabled by means of the donation of used plastic bottles.
It’s arduous to look over Tan’s LinkedIn profile with out being struck by the range of tasks beneath his affect or administration. Right here, his capacity to soak up giant quantities of knowledge and assimilate their worth is a key attribute. It speaks to his fixed inquisition and even to the years spent as knowledgeable poker participant and video gamer. There are few individuals who can grasp instinct and so many various talent units and nonetheless steer a course. He’s presently studying new languages, Holochain programming, learning Economics at Columbia College, enjoying musical devices, creating digital music, mastering Tekken 7 and taking a look at going to Burning Man subsequent yr.
Coupled together with his singular view of the world, it appears his youngsters’s futures are secured — together with everybody else with whom he rubs shoulders.
Study extra about Anderson Tan
8x Exits | 4x Entrepreneur | 100x+ Angel Investor | 2x ICO Advisor | VC
Angel Investor Anderson Tan Tells Inspiring Recommendation on Startups
Examine Out Anderson Tan’s BMW E93 Solar-Catcher From The Philippines.
Anderson’s Pursuits: Blockchain, area, robotics, mushy AI, 3D printing, AR, VR, MR and renewable power solely.
⋆ Nikon Philippines — Proprietor and CEO. Bought the Nikon enterprise unit to Assume Dharma Inc. (subsidiary of TAO Corp.) after making Nikon the primary digital camera model within the Philippines for the yr 2012 and 2013. Supply: GFK Asia.
⋆ Caffé Tiamo — Co-Founder. Three way partnership with Jollibee Meals Corp. underneath Coffeetap Corp. which was acquired by Euro-Med Laboratories Phil. Inc. (Manila Lodge and Bulletin Group).
Article from November, 2011: Jollibee sells Caffe Ti-Amo holdings for P20 million
⋆ Nanorep — Angel investor. Acquired by LogMeIn, Inc. (Nasdaq:LOGM).
⋆ VacayHero — Angel investor. Acquired by RedAwning.
⋆ DocuSign — Angel investor. IPO at a $three,000,000,000 valuation.
⋆ Cloudera — Angel investor. IPO at a $four,100,000,000 valuation.
⋆ Snapchat — Angel investor. IPO at a $24,000,000,000 valuation.
✦ Managing Associate at Alpha Omega Ventures.
✦ Companion at LaunchGarage.
✦ Co-Proprietor at Proudcloud.
✦ Angel investor, startup advisor, blockchain advisor, board member and mentor in startups globally.
Imaginative and prescient: QUADRILLIONthropist impacting positively the lives of Billions by creating the worldwide startup, blockchain and area ecosystem and exiting a Thousand corporations within the course of.
Creed: God’s ✞ intergalactic ecosystem builder.
Motto: Give, and you’ll obtain. [Luke 6:38]
Join with Anderson by way of LinkedIn.