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Alexander Small
Managing Director & Founder at UMAI
Alex Small is the Co-Founder and Managing Director of UMAI, a restaurant technology company in Singapore, Malaysia, and Indonesia.
Before UMAI, he held key positions at Zalora.com and FoodPanda Singapore, focusing on special projects and directorial roles.
Small's experience extends to launching venture-backed companies for Rocket Internet in Europe and Asia, serving in CEO and Managing Director roles.
With a background in management consulting at McKinsey & Company, Small contributed to strategy development and operational cost reduction in the U.S. and the Middle East.
Notably, Small also has entrepreneurial experience from operating as an independent entrepreneur, as well as working in financial analysis at top firms like Goldman Sachs and UBS Investment Bank.
In academia, Small studied Entrepreneurship and Management at the London School of Economics and Political Science and earned a Bachelor's degree in Business Administration focused on Finance from Morehouse College.
Small's diverse background includes a stint as a bartender on a Cambodian island, where he innovated by introducing the island's first ATM system and led low-budget fishing and crabbing expeditions for tourists.
You can reach out to Alex Small for professional assistance or to learn about catching sand crabs.
Highlights
Why Fortune Favors the Focused 👇
⭐ 𝗧𝗵𝗲 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝗰𝗲 𝗼𝗳 𝗙𝗼𝗰𝘂𝘀 𝗮𝗻𝗱 𝗠𝗮𝘅𝗶𝗺𝗶𝘇𝗶𝗻𝗴 𝗦𝗰𝗮𝗿𝗰𝗲 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀 💬 "For the last 15 years, the economy (and venture world) has been a world of excess, not scarcity. As a startup, resources are deliberately scarce. Your role as a founder is to maximize the reach of those resources and make your company as valuable as possible before you need to raise additional capital. To do this, you need to be incredibly surgical, concentrating your resources behind a concise plan to maximize its chance of success."
⭐ 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗛𝗶𝗰𝗸'𝘀 𝗟𝗮𝘄 𝗮𝗻𝗱 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻-𝗠𝗮𝗸𝗶𝗻𝗴 💬 "Hick's Law asserts the more options available to a person, the longer it will take to decide which option is best." 💬 "Simply by paring the playbook down and reducing the number of decisions you have to make, you can improve both the speed and efficacy of making critical choices for your business."
⭐ 𝗔𝘃𝗼𝗶𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗧𝗿𝗮𝗽 𝗼𝗳 𝗢𝗽𝘁𝗶𝗼𝗻𝗮𝗹𝗶𝘁𝘆 💬 "Paradoxically, the more options you leave open for your business, the less likely you are to achieve them. Optionality isn't about establishing a breadth of infinite options but positioning yourself for the right downstream pathways. 💬 "Diffusing resources across multiple options reduces the power you have in achieving critical mass for any of them."
⭐ 𝗣𝘂𝗿𝘀𝘂𝗶𝗻𝗴 𝗥𝗲𝘃𝗲𝗿𝘀𝗶𝗯𝗹𝗲 𝘃𝘀. 𝗜𝗿𝗿𝗲𝘃𝗲𝗿𝘀𝗶𝗯𝗹𝗲 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀 💬 "Rather than getting lost in analysis paralysis, you are better off making an educated bet on the most advisable path and letting the data guide you." 💬 "While 'irreversible decisions' require greater collaboration and consensus, many business decisions can be made with minimal consequence."
⭐ 𝗧𝗵𝗲 𝗣𝗼𝘄𝗲𝗿 𝗼𝗳 𝗦𝗶𝗺𝗽𝗹𝗶𝗰𝗶𝘁𝘆 𝗮𝗻𝗱 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝗼𝗻 💬 "Like many of the best things in life – startup strategies are best when craftly planned, swiftly executed and remarkably simple. Focus isn't going to guarantee your success, but it's certainly going to increase your odds."
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Actionable insights from: ➡ Rick Zullo (Co-Founder and Managing Partner at Equal Ventures) ✏ “Hick’s Law – Why Fortune Favors the Focused”
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👉 Follow me, Alexander Small, for tactics and strategies for building startups from industry-leading Founders, Operators and Investors
Navigating the seed funding stage - explore how the landscape has transformed from a decade ago 👇
Actionable insights from: ➡ Mattias Ljungman (Founder at Moonfire) ✏ “Seed is broken. Here’s how to fix it.”
⭐ 𝗧𝗵𝗲 𝗖𝗵𝗮𝗻𝗴𝗶𝗻𝗴 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 𝗼𝗳 𝗦𝗲𝗲𝗱 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: "Between 2010 and 2020, the average seed deal grew from $1.7m to $4.6m – some upwards of $22m. Last year, 1,500 angel, pre-seed, or seed rounds were $5m or more, with some stretching into the tens or hundreds of millions."
⭐ 𝗧𝗵𝗲 𝗠𝗮𝘁𝘂𝗿𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗦𝗲𝗲𝗱-𝗦𝘁𝗮𝗴𝗲 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀: "The median age of companies funded at Pre-Seed is now 1.2 years old, according to Pitchbook. And startups are on average 23 months old when they raise a Seed round, according to data from Cendana Capital's portfolio. A decade ago they were less than a year old."
⭐ 𝗧𝗵𝗲 𝗔𝗺𝗯𝗶𝗴𝘂𝗶𝘁𝘆 𝗼𝗳 𝘁𝗵𝗲 "𝗦𝗲𝗲𝗱" 𝗟𝗮𝗯𝗲𝗹: "This is not just an observation of the larger amounts of capital raised, or the velocity of early-stage traction, but a recognition that often these startups are led by experienced third-time founders who have a head start with deep learnings, a strong network, and a powerful team behind them. This means that startups, especially those led by first-time founders, now have to demonstrate significant traction to attract the same level of investment they might have achieved before."
⭐ 𝗧𝗵𝗲 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗼𝗳 𝗦𝗰𝗮𝗹𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝗦𝗲𝗲𝗱 𝘁𝗼 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔: "The perceived 'step up' from Seed to Series A is now equivalent to scaling a sheer cliff face. It's no wonder the percentage of Seed stage startups able to advance to Series A within two years has dropped – from 23% for the 2020 cohort to just 5% in 2022."
⭐ 𝗥𝗲𝗱𝗲𝗳𝗶𝗻𝗶𝗻𝗴 𝘁𝗵𝗲 "𝗦𝗲𝗲𝗱" 𝗦𝘁𝗮𝗴𝗲: 🛠️ Seed Inception: "The very beginning of the journey, perhaps before the founders have formally established the company. They're rapidly iterating the product and making the first critical hires." 💥 Seed Expansion: "At this point, the founders have raised a previous pre-seed (Seed Inception) round to start building and get their first customers. The focus is now on iteration and go-to-market testing."
⭐ 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗣𝗿𝗼𝗽𝗼𝘀𝗲𝗱 𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸: "Founders can use the above framework as both diagnostic and roadmap. Orient yourself and set your operational priorities; know where you are and where you're going. For investors, it provides a more granular understanding of where a Seed-stage startup is at so they can tailor funding and support, align on priorities and expectations, and help founders navigate their early stages of growth more effectively."
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👉 Follow me, Alexander Small, for tactics and strategies for building startups from industry-leading Founders, Operators and Investors
