Kim Teo - Mr Yum

LADY-BRAINS

This episode is sponsored by Twisted Healthy Treats Australia’s first and only female-led ice cream manufacturer. Get their delicious Oat Milk Ice Cream Bars, Watermelon and Mango Fro-Yo, and Coconut Pops at twistedhealthytreats.com.au or your closest supermarket.

Kim Teo is the founder of tech start-up Mr Yum. If you’ve ever been to a restaurant, browsed the menu on your phone and ordered through a QR code, chances are you’ve used the Mr Yum platform.

In 2021, she raised an $89M Series A round – the largest ever Aussie Series A for a female led company. But soon after she raised this cash, the tech bubble burst and the economic environment dramatically shifted, and in 2022 she made the hard decision to lay off 17% of the team.

In this chat, you’ll learn:

• Why this was a necessary response to the changing economic climate and Mr Yum’s need to maintain a longer runway in the face of so much uncertainty
• How she’s thinking about her business as we move into a recession
• Her decision-making process around those latest redundancies
• Who she leans on for support when times get tough
• Why transparency is her most important leadership trait

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