EPISODE INTRODUCTION

Marc Concio – Founder and CEO of KITA, an agricultural technology startup based in the Philippines and has secured $3 million in seed funding, making it the biggest seed round in the nation this year. Established in early 2020, KITA uses data to digitize the entire agriculture supply chain, providing some of the newest hotel and restaurant chains in the Philippines with fresh fruits and vegetables. He speaks candidly about the complexities of the agricultural supply chain, the innovative strategies to stabilize markets, and how technology can lead to more informed agricultural decisions. 

From the nail-biting acquisition of 88DB to the birth of Resellee and his impressive ascent in the broadband industry, Mark’s stories are a testament to the grit needed when pitting against e-commerce behemoths.

Episode Topics

[00:04:38] - The Constant Impact of Sourcing

[00:09:21] - Passion for Economics and Investment

[00:14:16] - Development of Business Analysis Skills

[00:15:49] - Transition From Consulting to Entrepreneurship

[00:25:06] - Sourcing Pain Points and Product Development

[00:28:43] - Transforming Sourcing With AI Technology

[00:32:08] - Sourcing Suppliers

[00:38:35] - Acquiring Customers for Sourcy

Quotes:

"So basically, our mission is really to help our buyers manage thousands of supplies at the same time. We want Sourcy to become the official seller of record, and as long as you are buying from Sourcy, you know that it is of high quality and it has a good price." - Karl Chan

“I think one thing about Sourcy is we are solving a huge problem, and I think it is probably for other businesses out there that are trying to raise money from venture capital. The first thing that they had to prove is the market size. How to face it? Damn, that's the problem that they are trying to tackle for Sourcy. We almost don't have to prove that, because this problem is so validated and so documented, very pervasive across the globe.” - Karl Chan

Connect with KARL:

Karl Chan (Linkedin): https://www.linkedin.com/in/karl-chan-kk/

Sourcy (Linkedin): https://www.linkedin.com/company/sourcy-global/
Sourcy (Website): https://www.sourcy.ai/

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