Ep. 30 Building a Socially Conscious Business: Victor Koo on the Value of Contemplative Practices

11/5/24
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Welcome to the DO GOOD X podcast, where hosts Kimberly Daniel and Stephen Lewis dive deep into conversations with changemakers. In this episode, they are joined by Victor Koo, Co-Founder of Tianren Culture, to explore how businesses can drive positive social change by integrating technology, media, and finance. Victor shares his journey of co-founding Tianren Culture and discusses leveraging tech for social impact. He delves into the philosophy of "One Wisdom, One Health," which connects mental, spiritual, and physical well-being. Stay tuned for insightful discussions on entrepreneurship, meditation, and the future of socially-minded business.

In This Episode

  • [1:27] Victor explains how businesses can contribute to positive social change via tech, media and finance
  • [7:19] How Victor co-founded Tianren Culture with no experience in this space
  • [11:39] Victor comments on leveraging technology to enhance social impact and one wisdom, one health
  • [21:12] Discussion of listening to our inner voice regarding business
  • [26:40] Victor shares resources beneficial for entrepreneurs regarding meditation, and he describes how the practice benefits him
  • [33:41] Key elements that impact communities when starting a business
  • [36:32] Discussion about resources to assist social entrepreneurs in building their business
  • [38:05] Victor answers various questions in the “Off the Cuff’ segment regarding topics such as the greatest lessons learned, Victor’s impact on the world, and the technology he values
  • [40:51] Stephen shares what he hopes to see in the field of entrepreneurship in the future

Key Takeaways

  • From the start, positive social change should be embedded in a company's founding intentions and DNA. Designing with a mission that benefits the broader community is essential, exemplifying the platform's mission to share joy, wisdom, and heart. Additionally, having a socially-minded core team is crucial, ensuring responsibility not just to investors but also to all stakeholders, considering the potential externalities and consequences in all aspects of the business, including workplace culture and global supply chains.
  • While large language models (LLMs) like ChatGPT pull information from across the entire web, including a mix of valuable and toxic content, specialized areas like wisdom and best practices require a different approach. A Small Language Model (SLM), focused on high-quality, curated information, delivers reliable, safe, and screened content more effectively. In these cases, less is more, and it's essential to filter out harmful material to ensure that only the best sources are utilized, emphasizing the importance of quality over quantity.
  • One Health focuses on diet and food system change, addressing physical health. What we put inside our body is shown to be the leading root cause of the key acute and chronic diseases and the major leading causes of death. One Wisdom addresses the mind, heart, and spirit, whereas One Health addresses the body, which is also interconnected with the inner aspects of self.

Resources

About The Hosts

Kimberly R. Daniel

Kimberly R. Daniel catalyzes entrepreneurs and organizations to do good. She is co-founder and project director of DO GOOD X, a community that provides programs and support for faith-driven social entrepreneurs whose businesses focus on positive Change.

Kimberly also helps purpose-driven organizations clarify and design compelling brand and communication strategies. With over 15 years of experience developing and leading communications efforts, she is committed to producing effective processes and creating authentic, “sticky” brands that are community-centered.

In addition, Kimberly has nearly ten years of experience as a certified life coach. She has facilitated workshops, spoken to communities, and written about innovation and entrepreneurship centered on social impact. She co-authored A Way Out of No Way: An Approach to Christian Innovation (2021).

She is deeply passionate about purpose, meaning, and the common good in any aspect of her work.

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Stephen Lewis

Stephen Lewis is the president of the Forum for Theological Exploration (FTE) and the creator and co-founder of DO GOOD X. This community provides programs and support for faith-driven social entrepreneurs whose businesses focus on positive change. He is an organizational change strategist, and a leadership development specialist focused on inspiring the next generation of faith-inspired leaders and entrepreneurs to live and work purposefully. Stephen co-authors Another Way: Living and Leading Change on Purpose (2020) and A Way Out of No Way: An Approach to Christian Innovation (2021).

Social Media to Connect:

Guests

Victor Koo

Victor focuses on inner purpose, social service and investing. In late 2016, Victor co-founded Tianren Culture, a next-generation social platform that serves as a catalyst and enabler of social innovation with the mission to foster positive global values and lifestyles. Tianren Culture's core strategic focus is to promote "One Wisdom, One Health" by encouraging and enabling wisdom and service via contemplative practices and healthy lifestyles, especially those with Eastern roots believing that the physical, mental, emotional and spiritual health and wellness of human beings are interconnected with the broader environment and ecosystem.

Tianren Culture works with foundations, NGOs and business partners to put in place high-impact, effective social innovation initiatives to improve both physical and mental health. He is also a board director of Good Food Fund and on the advisory board of Global Wellness Institute.

Victor’s professional experience is mostly in the intersection of the technology and media sectors and private equity and venture capital investments. In 2005, he founded Heyi Holdings, which incubated Youku in 2006. Victor led Youku as Chairman and CEO to become a leading multi-screen media and entertainment company in China. Youku was listed on the NYSE in 2010, and in 2016, completed its privatization and merged with Alibaba Entertainment. In late 2016, Victor retired from his position as Chairman and CEO and served as Chairman of Alibaba Entertainment Strategy and Investment Committee for a year. Victor continues to serve as Chairman of Heyi Holdings, which currently focuses on disruptive innovation and social impact investments. He is also a senior advisor of Texas Pacific Group and business advisor of DeCheng Capital.

From 1999 to 2005, Victor served as President, COO, and CFO at Sohu, China’s NASDAQ-listed leading internet portal. Prior to joining Sohu, Victor worked as vice president at the venture capital firm Richina Capital Partners.