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Ervin Lim
Uber TW | ex VC, ex Operator
Ervin Lim is a seasoned professional with a rich background in various industries including e-commerce, venture capital, and proptech.
Currently serving as the Chief Strategist at Ace Turtle, Ervin has a strong foothold in the tech industry, where he operates renowned brands such as Lee, Wrangler, Toys R Us, Babies R Us, Dockers, and more.
Ervin's educational journey includes a Bachelor's degree in Business Administration from the National University of Singapore and a minor in Technopreneurship from the University of Pennsylvania.
With a wealth of experience, Ervin has held pivotal roles in esteemed organizations such as Ace Turtle, ReefKNoT Investments, Lazada, CapitaLand, and CapitaMalls Asia, showcasing his expertise in strategy, logistics, corporate development, and innovation.
His prior roles include Chief Strategy Officer, VP of Strategy, VP of Corporate Development, and various other management positions, highlighting his diverse skill set and adaptability in different functions.
Ervin's professional background ranges from strategic planning and corporate development to government affairs and e-commerce logistics, demonstrating his versatility and comprehensive understanding of the business landscape.
Having started his career as a Management Associate and gradually climbing the ranks to leadership positions, Ervin's journey exemplifies his dedication, expertise, and strategic acumen in navigating complex business environments.
Highlights
Exciting news! I am thrilled to share that I have recently joined Ace Turtle as their Chief Strategy Officer, based in both Bangalore and Singapore.
As a licensee holder of Lee, Wrangler, Toys R Us, and Baby R Us (and more to come), Ace Turtle is changing the India retail landscape with their direct-to-consumer omnichannel retail experience with a single point of inventory.
I have been cheering on the sidelines, watching the company achieve greater heights year after year ever since I invested in their Series A back in 2017. I am excited to bring my experience in strategy development and execution to help drive the company's growth and continued success. With the massive growth in the Indian economy, there is no better time to be a part of Ace Turtle's rocket ship journey.
Drop me a connect/comment if you are keen to understand more about Ace Turtle's omnichannel journey or about India in general.
Special thanks to Nitin Chhabra and Berry Singh for bringing me on board.
#omnichannelretail #directtoconsumer #retailinnovation #retail #strategy
Photo: Mandatory photo of company swag
"History never repeats itself, but it does often rhymes." - Mark Twain
When I look around at the startup ecosystem now, I hear a lot of investors telling their portfolio companies to underweight on growth and overweight on profitability. I have been in discussions where broad statements like "everyone is targeting a minimum of 4 years of runway" or "I want to see you hit profitability ASAP" gets thrown around.
However, as with everything in life, the most appropriate answer to the question of "should I focus on growth or profitability" is most likely a "it depends".
A startup company is a team of people coming together to constantly iterating on a series of hypothesis with the goal of demonstrating PMF at the early stages and demonstrating TAM at the later stages. Capital is the resource that determines the number of experiments you can run to test those hypothesis.
In a time when capital is scarce (a period we are at now), the number of experimentation you can do, the number of do-overs possible, becomes limited. This means that we should be extra diligent and conscious on our batting averages but it doesn't mean that we do not go to bat or wait until the market turns before batting. We just have to pay extra attention, seek more proof points, be sharper in our metrics, be sharper in our follow-throughs etc.
So back to the original question of "Should I focus on growth or profitability", the answer could very well be a question back, "What is giving you confidence on pursuing growth?".
Additional reading materials in the comments below. This was a pretty hot debate back in 2010 when the article was first published.
