In the second episode of Startup Climb, Linus Tan, founder and CEO of District, shares the impact of COVID on his retail business and what he thinks will be the new normal in retail.
To find out more about District:
https://district.sg/
Disclaimer:
Any views/opinions made by the guest is the guest's opinion. It does not represent the views/opinions of the host or the podcast. The podcast is not intended to constitute or be relied upon as professional advice. You should consult a qualified professional for any professional advice.
Timestamps:
00:36 Introduction to District.
01:45 Size of the team.
03:14 Why did you choose to go into retail?
07:10 Selection of product category.
09:45 COVID-19's impact on the business.
15:20 Discussion of consumer behavior.
21:00 Discussion on the customer journey.
24:33 How do you select the tech brands that you work with?
27:20 Shipping cost from upkeeping the various products?
29:14 Fundraising discussion for District.
32:55 What is the most essential quality that you look for in an investor?
35:33 If you could do something different, is there anything you will change and why?
38:20 One piece of advice for aspiring entrepreneurs?
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