Turnarounds

How will the global economy recover from COVID-19?

How will the global economy recover from COVID-19?

The past six months have had a catastrophic impact on the global economy and recovery will require serious collaboration between private and public sectors. It’s hard to believe, but even though many countries have been shut down for months, we are still in the COVID-19 response phase. However, I do believe the innovation economy –– where we’ve seen so much […]

by × September 13, 2020 × 0 comments
OpEd: A lesson from Canada: Startups can lead the economic recovery | VentureBeat

OpEd: A lesson from Canada: Startups can lead the economic recovery | VentureBeat

Yung Wu OpEd VentureBeat Big Tech has generally done well in this pandemic. Zoom, Slack, Netflix, Amazon – these are the COVID economy’s big winners. But the experience for startup tech companies, on the other hand, has been altogether different. Venture capital is drying up. Silicon Valley companies have laid off thousands of workers in a reckoning The New York […]

by × June 24, 2020 × 0 comments
5 Questions entrepreneurs need to ask themselves

5 Questions entrepreneurs need to ask themselves

By Abdullah Snobar and Yung Wu. Our world has fundamentally changed, and the future of business has changed with it. As entrepreneurs, our biggest concerns from eight weeks ago, such as “How do I manage my dilution?”, have been replaced with “How do I survive the next month?” Then, capital was freely available and we had a good handle on […]

by × May 13, 2020 × 0 comments
Inertia Kills … Velocity Wins

Inertia Kills … Velocity Wins

Yung Wu is CEO at MaRS Discovery District. Under his leadership, the companies MaRS supports are advancing prosperity through entrepreneurial achievement. Located in Toronto, Canada, MaRS is the world’s largest urban innovation hub. Q1. When you reflect upon your career path, is there a defining moment that influenced where you are today?  I have been fortunate to have had more […]

by × February 7, 2019 × 0 comments
NFQ !!

NFQ !!

I founded my first company over two decades ago, on a couple of credit cards and a dream (at the time, we referred to it as a “wing and a prayer” … now we prefer to remember it as a “vision for global leadership” *lol*). After 2 economic cycles, 3 major rounds of financing, 3 business model changes, and 2 “perfect storms”, I have reached the conclusion that “success” and “failure” are

by × November 9, 2015 × 5 comments
NFQ Entrepreneur’s Playbook

NFQ Entrepreneur’s Playbook

We hold these truths to be self-evident” — well maybe in the case of the US Declaration of Independence, but not necessarily in the case of what it takes to start, build and scale-up companies to reach critical mass.  Why is it that in most cases, that entrepreneurs that found companies rarely make the transformation into being the CEOs that grow the enterprises to critical mass?  Or that so many start-ups fail, after tremendous initial growth?  After going

by × January 14, 2011 × 2 comments