In the United States, over 700,000 companies shut down every year. Prior to the pandemic, 928,000 out of the 1.04 million newly established companies shut down in 2019 (U.S. Small Business Administration, 2021).
Evidently, with over 85% of companies around the world not surviving up to 10 years, the business shutdown rate is staggeringly high.
Paul and his team are building its proprietary cloud-based business decision support system helping founders gain competitive edge, so they can make data-informed decisions to innovate and generate high return on investment.
In other words, roiquant’s one-stop-shop solution offers actionable insights from ideation to competitive analysis to business modeling to prototyping to market validation to risk analysis to data-driven fundraising to generating high ROI.
As a result, roiquant's data-centric product offering is purposefully designed and powered by business failures data, company performance data, capital markets data, historical data, commercial strategies, risk factors, investors database, business tools, simulators, and more, to help founders build valuable and successful businesses.
In November 2019, roiquant was awarded the ‘Best AI & Machine Learning Startup’ in Brunei Darussalam at the ASEAN Rice Bowl Startup Awards 2019.
For its innovative research, roiquant was awarded the ‘Research & Development Special Award’ by H.E. Minister Dato Abdul Mutalib Yusof from the Ministry of Transport and Infocommunications of Brunei Darussalam at the Brunei ICT Awards 2019 in September 2019.
As of 25 Feb 2022, we'd rebranded as roiquant and was formerly known as Flipidea (flee-pee-dia).
Paul also curate and share scientific insights and resources with its ACTi Hub Twitter profile.
🤓 Pronounced as "rói - kwänt", it's a combination of 2 words, ROI 💹 and quant 💻— Paul Lee (@paullsc) February 25, 2022
During the inception of our startup, I noticed that there weren't many business intelligence and/or quant system developed to serve early stage startup founders.
In fact, there's almost none. 👀 https://t.co/Lu1aGsdcC0
Prior to founding roiquant and ACTi Hub, Paul was a founding director of WafaGames in 2017 (mobile game development studio), and ai.Law in 2016 (legal AI bot startup), based in Beijing.
Between 2013 and 2016, Paul was the Co-founder & CEO of Seeway Group, a multifaceted business that offered investment advisory, commodity trading, and consultancy services.
Seeway Group primarily served Beijing’s state-owned enterprises, its main clientele in China, to secure international EPCF-&-PPP projects in Africa, Latin America, and Southeast Asia, as well as the import and export of agricultural products, industrial power cables, and heavy machinery.
Between 2012 and 2014, Paul was the Co-founder & CEO of KG Inc., a professional conference organizer that organized the APEC Women Leadership Forum in Beijing (2013-2014), and was also involved in the APEC and ASEAN business fora.
Before Paul’s entrepreneurial journey in China, he worked at Asia Inc Forum during 2011 to 2012 in Brunei Darussalam, a world class facilitator of business and public policy dialogue in Southeast Asia and the Asia Pacific.
Since 2000, the company has an continuing proud history of partnership with the APEC CEO Summits, the foremost annual meeting of business and government in the Asia Pacific region.
Asia Inc Forum is also the co-convener of the Asian Forum on Enterprise for Society (AFES), a world class conference on the forces shaping Asia's future.
Paul holds a Bachelor of Art and Social Sciences degree in Communication and International Studies from Monash University Melbourne, Victoria State, Australia.
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Our proprietary data retrieval systems scan the Internet to automatically aggregate public information from news articles, websites, press releases, regulatory filings, and so on. Roiquant’s idea checker, tools, simulations, intelligence and algorithmic systems are powered by artificial intelligence and advanced analytics using our own proprietary data and synergised public data. Roiquant does not warrant the completeness or accuracy of data provided, so you would need to independently verify the information. Nevertheless, we encourage you to check the accuracy of our information before its use. We also gently advise that you obtain sufficient knowledge, market understanding, professional advice and experience to make your own evaluation of the merits and risks of any actions with the information.
Last edited on 21 November 2022.