Jamie (Partner) and Michelle (Associate) pictured at AppWorks office (Photo: AppWorks)
(漢文在下)
We are thrilled to share some exciting news—Michelle Lin from the AppWorks Southeast Asia Arm has been promoted to Associate!
Before joining AppWorks, Michelle spent five years at Deloitte, specializing in M&A and financial advisory. In addition, she comes from an entrepreneurial family—her father transitioned the business from electronic manufacturing to the medical device industry, ultimately leading the company to success. With both personal and professional exposure to the world of entrepreneurship, Michelle has demonstrated a deep passion for supporting founders over the past two years, providing invaluable insights to those within the AppWorks ecosystem. Additionally, she regularly shares her analysis of public companies’ business models on LinkedIn, helping early-stage founders broaden their perspectives and learn from diverse case studies.
Notably, over the past two years, Michelle has not only deepened her expertise in VC investment but also embraced a brand-new role in life—becoming a first-time mother! Balancing work and family is no easy feat, yet she continues to support founders with dedication and professionalism, demonstrating remarkable adaptability and leadership.
As an Associate, Michelle will take on even greater responsibilities—she will continue supporting founders in Greater Southeast Asia, oversee the CEO Club designed for growth-stage startups in Indonesia, and focus on investing in emerging tech startups across the region. Additionally, she will mentor two newly joined analysts in the Southeast Asia Arm, contributing to the team’s continued growth.
Congratulations, Michelle! Your passion has always inspired us, and we look forward to seeing youcreate even more value for founders in this new role!
分享 AppWorks 夥伴晉升喜訊
本週迎來立夏的第一縷暖風，我們很高興與大家分享 AppWorks 團隊的新年新氣象 ——AppWorks 東南亞團隊的 Michelle Lin 林亭㚬 正式晉升為投資經理！
Growing up in Indonesia, I understand the pressing importance of waste management as it preserves the environment and greatly affects everyone’s quality of life. Indonesia’s waste management situation has never been great, but as people’s consumption and hence our waste output grows with the economy in recent years, the situation has deteriorated to an alarming state. There’s more trash on the streets, rising cases of illegal dumping, illegal trash burning, and fields of plastic waste floating in our ocean.
It’s often said that the health of our planet determines our collective future. In Indonesia, an emerging economy with the world’s 4th most populated, environmental preservation is far from guaranteed. Rapid population growth and societal behavior have exacerbated plastic pollution and illegal dumping in the country, problems that not only threaten Indonesia’s ecological integrity but also undermine its long-term economic prospects. Today, the archipelago stands among the world’s largest contributors of oceanic plastic waste, underscoring the urgency of scalable solutions that can help reverse the mounting climate crisis.
That’s why we are incredibly excited to back Ernest Layman, Co-Founder and CEO of Rekosistem, a pioneering waste management startup determined to close the loop on Indonesia’s environmental challenges. Ernest started Rekosistem to address the nation’s climate challenges head-on, creating a circular economy and empowering communities to turn waste into opportunity.
Why We Invested: Ernest Layman, Co-Founder & CEO of Rekosistem
Each year, Indonesia generates more than 65.8 million tonnes of waste and more than 7.8 million tonnes of plastic waste. Based on the World Bank data, 61% of waste in the country is left unattended. Only 24% is managed through formal collection where most of the waste collected ends up in open burning, land dumping, or leakage, resulting in poor air quality, flooding, and health problems. With only 10-15% of Indonesia’s waste being recycled, there is a lot of room for improvement, and therein lies the opportunity to make a difference.
With the industry plagued by fragmentation and mostly consisting of micro, small, and informal players, the government experiences significant challenges in combatting environmental waste. The government needs partners who can integrate the entire waste management process, and make the industry more efficient.
This is where Rekosistem steps in and we are very excited to support Ernest Layman and Joshua Valentino in their efforts to address this issue. Launched in 2021, Rekosistem is transforming the Indonesian waste management landscape by streamlining the supply chain and aggregating waste collection from multiple sources. By optimizing these processes, the company ensures proper waste management and efficiently sorts recoverable materials for further processing. This approach not only boosts the recovery rate but also significantly reduces the volume of waste sent to landfills to be burned, contributing to a more sustainable future.
Ernest has long desired to create a business that is impactful, sustainable, and economically viable. Back in 2016, he realized that waste management was a pressing issue and formed a deep resolve to address it at scale to make a difference in the lives of Indonesians. Driven by this conviction, he then started a small waste management business in 2018 with his partner, Joshua. Both of them spent around five years (since 2016) respectively trying to tackle the waste management market in Indonesia before launched Rekosistem in 2021. Together, they dedicated themselves to achieve this shared mission—to create a cleaner and more sustainable future for the next generation.
Ernest Layman: Where steadfast persistence meets relentless commitment for growth
We look for founders who demonstrate both technical skills and an unwavering capacity to persevere—precisely the qualities that define Ernest’s journey.
A childhood shaped by adversity Growing up in an ordinary Indonesian household, Ernest was only six years old when he already experienced the hardships of life, seeing people around him struggle. He naturally developed a strong determination to be successful and provide for the people he holds dear. He grew up as a child who was self-dependent, even consciously taking care of his own health to avoid medical costs that could burden his parents. This early self-reliance and sense of responsibility became hallmarks of his character, guiding him through the challenges that laid ahead.
Early passion for competition and growth Ernest’s drive to excel wasn’t limited to academics, where he consistently earned top marks. He was also a formidable DOTA gamer, ranking 2nd in a national tournament and even placing 8th in a world championship qualifier. This ambition to perform at a global standard reflected a hunger for success that extended well beyond the classroom and the gaming arena.
Relentless pursuit of self-improvement Recognizing a personal weakness in public speaking, Ernest immersed himself in over 10 student organizations during college and successfully campaigned to become chairman of his faculty’s student board and vice president of his university student board the year after. Since then, Ernest has grown into a confident speaker, capable of inspiring and engaging crowds. Beyond public speaking, his active involvement in various student organizations also honed his decision-making abilities. This blend of determination and can-do spirit would later guide his entrepreneurial decisions and leadership style.
A solid professional who bet his life savings on Rekosistem Upon graduating, Ernest joined Procter & Gamble, quickly ascending to Marketing Senior Manager in just two years. Yet, he yearned to solve real-world problems with lasting social and environmental impact. When he discovered the devastating realities of plastic pollution and the untapped potential in Indonesia’s waste sector, he felt a call to take real action. In 2019, he left the corporate ladder at P&G to build Rekosistem—investing all of his savings to a point where he had to carefully manage his monthly expenses just to dive in and work hands-on in the waste business. This level of personal risk taken exemplifies Ernest’s determination and unwavering conviction in achieving his mission.
Immersing himself in the day-to-day operations For three months, Ernest personally drove trucks, sorted waste, and worked closely with street-level waste aggregators to better understand their daily challenges in parallel with creating the system. For one year, Ernest lives at the office to always be hands-on with day-to-day progress. This approach enabled him to pinpoint the key supply chain bottlenecks—such as inconsistent volumes, inadequate equipment, and a lack of trust—that were limiting aggregators’ ability to scale. This underscores his dedication in sacrificing personal comfort in pursuit of meaningful change and advancing the business to the next level.
We understand that Indonesia’s waste management market remains very traditional and fragmented, and it will be a huge endeavor for anyone who wants to tackle the space, let alone to use technology to disrupt this stiff industry. Yet that also means a huge opportunity if a founder can apply the right set of solutions with a solid business model.
In a space that is this fragmented and underpenetrated, a founder’s determination and ability to lead and execute is the key to success. We recognized these traits in Ernest. We are thrilled to invest in Rekosistem to support Ernest and his team on their journey to transform the Indonesian waste management industry to create a better and more sustainable future for my home country and this earth that all of us call home.
Founded in 2010 by Jamie Lin, AppWorks Accelerator is a startup community created by founders, for founders.
Every six months, we welcome founders who are building on the edge of what’s possible – those pushing the boundaries of technology and creating what the world has yet to imagine. We equip them with the necessary resources, mentorship, and community to turn bold visions into lasting impact.
We know there are many considerations for founders when applying to an accelerator. That’s why we’ve created an FAQ page to help you decide whether or not AppWorks is the right fit for your startup.
As of April 2025, AppWorks Accelerator #31 is open for applications. You can find important information about the Accelerator experience on our main page.
The FAQs
1. What do I need to know before joining the accelerator? What is AppWorks doing to help founders make the most out of the accelerator?
We understand the unique needs and aspirations for founders, and we’re committed to providing an experience that’s both flexible and comprehensive:
a. Tailored Events for Founders: No two founder journeys are alike — whether you’re just getting started, actively scaling, based in Taiwan, or operating from anywhere in the world, we’ve designed a flexible accelerator that blends online and offline experiences. You’ll have access to the resources, mentorship, and connections that best fit your unique path, ensuring that you get what you need, when and where you need it.
b. Regional Presence in Greater Southeast Asia: Beyond flexibility, what sets AppWorks apart is our deeply rooted presence across Greater Southeast Asia. With an active network spanning Taiwan, Singapore, Hong Kong, Indonesia, Vietnam, Malaysia, and the Philippines, we open doors to regional insights, cross-border opportunities, and partnerships that accelerate your growth beyond your home market.
c. Unlocking Taiwan’s Potential: Taiwan is home to a dynamic tech ecosystem, and we proudly maintain the most extensive network in the region. We invite you to consider Taiwan as a market ripe with valuable opportunities, a wealth of digital talents, reliable manufacturing partners, and a robust supply chain. The resources available here are vast and can significantly boost your venture.
We encourage founders to join us for in-person activities whenever possible, as face-to-face interactions with our network in Taiwan and across Southeast Asia can unlock deeper relationships, richer insights, and new opportunities that virtual meetings simply can’t replicate.
Your success is at the heart of what we do. We can’t wait to embark on this journey with you.
2. I already raised a Series A / I’m profitable, is AppWorks right for me?
The short answer is, yes!
The long answer is, reaching a funding goal can be a cause for celebration, but it’s also a relatively minor part of the founder journey. So many more things can go right or wrong, even with a funding round. There are many other facets to overcome and master. When we admit founders into the program, it is because we have carefully considered what they need as a founder, and how our resources and network across Taiwan and Southeast Asia can help them grow.
Joel Leong and Henry Chan atShopBackhad already built a business model and received seed funding in 2015 when they launched in Singapore before they came to AppWorks Accelerator #13 in 2016.
Joel told us that had the team known about Taiwan’s massive US$20 billion GMV e-commerce market and all the region-wide technical and tactical innovations that it would eventually yield, they would have made the move to Taiwan much sooner. Taiwan has since become one of ShopBack’s biggest markets and R&D centers. It demonstrates that funding rounds and business model maturity do not limit founders in learning something new.
As long as you think that AppWorks can help you in the entrepreneurial learning process, you should apply.
3. How can AppWorks Accelerator help a web3 founder?
As our web3 ecosystem has grown, so have opportunities for partnerships, knowledge exchange, and founder-to-founder support—all critical for entrepreneurs building in this network and community-driven space:
a. Grow with one of the largest web3 founder communities.
The web3 ecosystem within the AppWorks community now consists of 155 active teams with a total of 320 founders. These extraordinary web3 startups include Pendle (AW#20), a DeFi yield-trading protocol that enables the tokenization and trading of future yield; Resolv (AW#30), which issues stablecoins through a ‘Delta Neutral’ strategy and an over-collateralization mechanism; and Event Horizon (AW#28), a meta-governance platform that mobilizes community assets to influence external governance proposals.
As one of the region’s most active web3 founder communities, we help you navigate every stage of the journey—through mentor and founder intros, ecosystem resources, and peer learning on tokenomics, DAOs, and community-building.
b. Stay ahead of the game to capture the pulse of the ecosystem and access premium development partners
In web3, startups developing on the right public chain and working with the right partners can help create synergies and accelerate scaling. Within the AppWorks web3 ecosystem, almost 95 teams have developed their products on various public chains, including Ethereum, Solana, Arbitrum, Sui, TON, Base and so on. If you are a founder building on these chains, you can always find a connection within our ecosystem.
AppWorks stays closely connected with leading L1 and L2 ecosystems to ensure founders can tap into the best resources available. We also partner with key platforms and tools, such as GSR, Alchemy, Quantstamp, and Chainlink to make sure that blockchain startups gain the support they need to grow and thrive.
4. How does AppWorks Accelerator help founders enter new markets?
Since 2010, AppWorks has made close connections within founder communities and throughout the venture capital ecosystem. When startup teams decide to enter a new market, we can quickly help them learn from local partners to tap into key resources and business models that are specifically tailored to different regions.
The AppWorks community includes our accelerator alumni, international startup teams that have received investment from AppWorks Venture Funds, and mentors with insight and experience. Our community of founders are based all around the world, and many are from our key markets in Southeast Asia, such as Singapore, Indonesia, Vietnam, the Philippines, and Malaysia. For example, Qoala is an InsurTech startup headquartered in Indonesia that has expanded to Thailand and Malaysia, and the CEO/Co-founder, Harshet, is a seasoned founder and has been an active mentor to many startups in the region. Carousell is a startup from Singapore, which focuses on C2C e-commerce and has expanded into eight markets across Asia. The CEO/Co-founder, Siu Rui, has always been the go-to person for fellow founders who are exploring regional expansion.
In addition to our community, AppWorks has also established strategic relations with more than 25 venture capital funds across Southeast Asia and the web3 industry. Our partners include ACV, Golden Gate Ventures, Openspace Ventures, Ascend Vietnam Ventures, Foxmont Capital, Figment Capital、Reforge VC, and others. When entering a new market, we can easily cooperate with investors from different regions to help you quickly gain access to local connections and business opportunities.
5. What does AppWorks look for in applications?
When AppWorks reviews applications submitted by founders, we pay special attention to a founder’s north star. Some questions that might help you think about whether AppWorks is a good fit for you:
Why did you launch your startup?
What problem do you want to solve and why?
What do you believe fundamentally needs to exist in this world that doesn’t already?
What kind of future do you want to create and how will you get there?
What have you already done to demonstrate your commitment to tackling this problem?
AppWorks Accelerator’s online application covers about 30 topics related to team background, product/service, business model, market analysis, and more. It is very detailed and requires time to complete. It also includes a required one-minute self-intro from the founder (CEO) for us to know you better.
6. Does AppWorks Accelerator cost anything?
No. AppWorks Accelerator has always been free for founders. We will not charge rent or service fees, nor will we require any form of compensation, such as sweat equity, tokens, options, revenue, or profit-sharing. Our exclusive mission is to help founders.
7. We need funding now, can we get an investment by joining AppWorks?
The short answer is you will have much better access to us than non-AppWorks accelerated teams. We will discuss with you and help you figure out at this stage of your startup’s journey if capital can give your startup a significant edge and/or take it to the next level, or if there are other more burning issues, e.g., achieving stronger product-market fit, figuring out a working go-to-market strategy, recruiting a solid co-founder, etc.
Any AppWorks founder is welcome to start a discussion with us on fundraising anytime. We will do our best to advise and support you with US$350 million in total fund size behind us.
8. My service (or product) has not yet started to make money. Can I still apply?
Of course! There probably isn’t a better time to learn in an accelerator than as a founder just starting out. This period before a founder has built a startup into a scalable business model with Product-Market Fit is called the “seed stage.” During this period, founders always need more than funding; they need a variety of entrepreneurial-related insights, inspiration from other founders, and room for trial and error. AppWorks Accelerator, with over 15 years of experience, was built to provide these lessons and more.
9. I’m planning to expand my business into Taiwan, however, since I am not a Taiwanese citizen, can you help me obtain a proper visa?
International founders admitted to AppWorks Accelerator, according to your qualifications and needs, AppWorks can help with your application for theGold Card, or Entrepreneur Visa in Taiwan. This enables founders from overseas to concentrate on work in Taiwan without traveling abroad to sort out troublesome visa issues. We can offer guidance on this process.
10. Do I have to set up a company to join AppWorks Accelerator?
Not necessarily, but we recommend founders to set up an office when entering a new market, especially those of you that are B2B facing. This may enable you to build relationships with business partners and make negotiating commercial agreements smoother in the future.
For the founders who are planning to land in Taiwan, AppWorks has professional accounting and legal specialists who can assist in managing the necessary procedures, making the process of setting up much easier and more efficient.
11. What is the difference between applying during the first round vs. the final round?
The application period is split into two intakes, with interviews and admissions facilitated on a rolling basis. Based on past experience, teams that submit their application earlier tend to have a higher chance of being admitted and are also immediately granted access to all the resources that AppWorks Accelerator has to offer.
12. I have previously applied to AppWorks and have been rejected, can I apply again? Will it affect the chances of admission?
Reapplying represents the determination of the founder and is a positive signal for us. Therefore, we will re-evaluate all aspects, not only for the growth of the founder but also for the progress of the company. In the past, some entrepreneurs applied 2-3 times before being selected. In some cases, after unsuccessful applications, they continued to explore and eventually achieved more user growth and deeper insights. In other cases, they honestly faced the fact that there was no Product-Market Fit (PMF), changed their topic, found a scalable business model, and reapplied. These entrepreneurs have performed well after graduating from the accelerator.
We hope the above FAQ can help clarify your questions about AppWorks Accelerator. If you seek more clarity, please write to:[email protected], and we will try to answer your questions.
If you’re a founder creating what the world doesn’t know it needs yet, you’ve come to the right place! Applications forAppWorks Accelerator#31 will be open until June 30, 2025.
Nearly a decade ago, The DAO on Ethereum introduced Decentralized Autonomous Organizations (DAOs) to the broader public—though infamously through a hack that led to an Ethereum hard fork in 2016. MakerDAO, launched afterward, further showcased DAOs’ potential, sparking a realization that DAOs could empower communities while enabling them to make informed decisions that support the long-term growth of protocols efficiently. While many have long believed DAOs could become a new organizational blueprint, Dennison and Rafael saw an opportunity to accelerate that vision. They joined forces to create Tally—a platform that has evolved into the leading DAO tooling solution, powering over 500 decentralized organizations worldwide. AppWorks is thrilled to share our Series A investment in Tally, and we can’t wait to see how Dennison and Rafael continue to shape the next chapter of governance by many.
Where Humanity and Technology Converge – Dennison Bertram
Dennison’s life journey has been shaped by a profound intersection of technology and social consciousness, stemming from his upbringing in Buffalo, New York. Born to a civil rights activist mother and a Dutch scientist father, Dennison was immersed in an environment where advocacy and exploration flourished side by side. Computers entered his world at a young age, fueling a curiosity that led him to master microprocessors and build his own machine by age thirteen. This passion for innovation propelled him into the esteemed robotics program at Carnegie Mellon University when he was just sixteen, reflecting his remarkable talent for technical problem-solving. Yet, as he delved deeper into robotics, Dennison felt a pull that extended beyond code and circuitry. Influenced by his mother’s steadfast commitment to social justice, he became increasingly drawn to the complexities of governance, power structures, and communal well-being. His academic path shifted toward political science at the University of Pittsburgh, and later, he ventured abroad to witness firsthand how societies rebuild themselves in post-conflict settings. These formative experiences solidified Dennison’s belief in the transformative power of collective decision-making. After returning to the United States and re-immersing himself in the burgeoning crypto sphere, he met Rafael, and later on together they discovered the idea of decentralized autonomous organizations (DAOs). Dennison immediately grasped their potential to blend transparent governance with cutting-edge technology—an endeavor that resonated with everything his life had been leading toward. In founding Tally, he sought to unify his passions for engineering and social betterment, creating a platform designed to standardize and streamline DAO governance.
From Silicon Valley Startups to DAO Innovation: Rafael Solari
Rafael’s path to co-founding Tally can be traced back to his formative years in San Francisco, where technology was practically in his DNA. With a mother involved in Apple and early network startups, and a father at Intel, he grew up surrounded by the energy of the first wave of the internet. Even in middle school, Rafael fantasized about launching his own company—a dream fueled by the infectious excitement of web 1. This passion for creation guided his educational choices: he majored in computer science, immersing himself in subjects like discrete mathematics and game theory, and diving into collaborative programming projects. Outside the classroom, Rafael tested the waters of entrepreneurship through various side ventures, including a campus-winning restaurant recommendation service. Though it never went commercial, it confirmed his love for building products from the ground up.
Post-graduation, Rafael sought out smaller startups in Silicon Valley, believing they would offer a more raw, hands-on approach to learning how businesses are truly built and scaled. From e-commerce to ad-tech, each role gave him an inside view of how dominant platforms like Google, Amazon, and Facebook invariably shaped the competitive landscape. Realizing that these centralized power structures could stifle innovation, Rafael became intrigued by protocols—public, decentralized alternatives that could foster genuinely new business models. His exploration of Bitcoin and Ethereum in 2016 led him to the Crypto NYC coworking space, where he met Dennison. Over countless discussions about governance, stablecoins, and the future of decentralized organizations, their shared vision for a standardized DAO framework took shape. When Compound launched its DAO in 2020, Rafael saw the validation he had been waiting for, and the duo launched Tally to fill the gap in DAO governance tooling.
Tally – The Bedrock and Software Layer for DAOs
Tally provides essential infrastructure for DAOs, enabling seamless on-chain voting, proposal management, and delegate coordination. As the most comprehensive DAO governance platform in the space, Tally has established itself as the industry leader over the past four years, powering over 7,000 proposals and supporting more than 500 DAOs, including top-tier protocols like Uniswap, Arbitrum, and zkSync. Its deep-rooted expertise in DAO governance and strong relationships with key delegates give Tally a significant advantage in securing partnerships and being recognized as the only credibly neutral service provider in the space. This strategic positioning has fortified Tally’s defensibility, and we firmly believe that Dennison and Rafael can continue scaling its platform to become the default governance solution for DAOs.
But Tally’s ambitions go beyond governance tooling. The ultimate vision is to serve as the software layer for DAOs at every stage of their lifecycle. To achieve this, the team has been rapidly expanding its product suite—most notably with the introduction of The Tally Protocol, a groundbreaking solution that allows DAOs to issue liquid staking versions of their governance tokens while preserving voting power. As DAOs collectively manage billions in treasury assets, governance has become a critical challenge, with low voter participation, governance attacks, and misaligned incentives threatening their sustainability.
The Tally Protocol addresses these fundamental issues by providing DAOs with a mechanism to return value to token holders while maintaining decentralized governance. By aligning incentives, increasing participation, and safeguarding against governance vulnerabilities, Tally is not only solving immediate pain points but also laying the foundation for a more resilient and scalable DAO ecosystem. As the space continues to evolve, Tally remains at the forefront, pioneering the next generation of decentralized governance.
At AppWorks, we invest in founders that combine deep technical expertise with a relentless drive to solve fundamental problems for humanity. Dennison and Rafael’s long-term vision, execution, and commitment to building the most robust DAO infrastructure make them the ideal team to push this transformation forward. As DAOs continue to proliferate and demand better governance, we firmly believe Tally will play a pivotal role in shaping the future of this new form of human organization. That’s why we are excited to back Dennison and Rafael as they take DAO to the next level.
Jamie (Partner) and Michelle (Associate) pictured at AppWorks office (Photo: AppWorks)
Sophie (Principal, Southeast Asia Arm), Michelle (Associate), and Jamie (Partner) pictured at AppWorks office (Photo: AppWorks)
