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| | VCP News - September Quarter 2026 |
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Welcome to our newsletter. Keeping you informed on our progress towards funding and supporting businesses owned by Subud members. |
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Introduction
In this issue, we share the experiences of Hamid, Arif, and Irwan at the UK National Congress – what a cracker!! We draw attention again to some of the successful Subud enterprises out there of which most members remain unaware. Also, we briefly address VCP’s strategy during these difficult economic times; provide a short bio of one of our directors; and offer a little gift for each of you. | | |
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| Enterprise at the UK National Congress | It’s a bit old news now, but at publication of our last newsletter, we were about to attend the UK Congress.
As you will have read in other publications, it was a great Congress: lots of attendees, great venue, plenty of youth, well organised, deeply moving latihans, and lots of enterprise meetings.
We met individually with about a dozen people who had enterprise ideas in various stages of development. In some cases, we were able to link them up with other Congress attendees we had met who had the skillsets they needed. In other cases, we were able to provide advice related to their needs. There were some very promising ideas. | | |
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As usual, we held our informal forum to explain who we are and what we do, but the real highlight of our Congress visit was the evening we invited successful entrepreneurs to share their stories.
We arrived at Congress not knowing who would be there, and whether we would find any entrepreneurs to tell their stories. However, our confidence in doing this has grown over the last couple of years. And yes, again we found them. Lots of them.
So, when our enterprise success session started, we had more entrepreneurs than we had time to hear from. In the end we heard from just four of them. I think most attendees were greatly entertained and very inspired by the stories they heard.
And who knows what impact this sharing can have. As Arif put it: “One of the most inspiring moments for me was when two young women came to see us after the VCP presentation and told us how the success stories session that Rahman Connelly had organised at the Peublo Congress had kickstarted their careers. So, like laughter, success must be infectious!”
By the way, a big shout out to the indefatigable Rifka, who comes to most of our events if she is around and is a great supporter of what we are trying to do. |
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Elliot Cox from Lewes has been quietly establishing a very successful property development company. He is the Co-Founder and MD at Maple Green Property (founded 2015).
As his Linkedin profile explains, he is a “property professional with a passion for creating high-end homes and communities. My expertise lies in all aspects of project development, budget management, and team building.” He converts old buildings into high-end studio apartments for professionals. He's done extremely well and now has a substantial portfolio of properties. | | |
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Sophia Maddenruns an extraordinary business stretching across America and the US. She is a strategic consultant and creative producer working at the cross-section of social impact, entertainment and tech.
Her range of skills and contacts drive large-scale social change. She is Co-Founder and Co-Director of Watershed, helping fund, coordinate and deliver the strategy, partnerships and persuasion needed to accelerate Australia's clean energy transition.” An amazing story of talent, courage and resilience. | | |
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Andrew Holloway told the story of creating his Green Oak Carpentry business. He shared how the latihan had guided him into the carpentry business in the first place, and how the latihan sometimes flew in over the top of his hard work to create one of the most respected businesses of its type in the UK.
He recently finalized the sale of that business, however, his entrepreurship has not stopped. He’s now successfully applying his skills to operating a consulting business advising clients on their ancient timber-framed buildings. Can’t keep a good man down!! | | |
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Rasmini Gardiner spoke about her manufacturing enterprise that provides a range of products for her international clientele. It operates primarily as a business-to-business (B2B) garment and apparel manufacturer. Flamboyan Ltd operates from Bali, Indonesia. Her business now supports 200 families who make the clothes and other objects she sells.
Rasmini is a great raconteur: stories of improbable outcomes after encounters with Indonesian police, and stories of love shared with the families with whom she works. | | |
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All the entrepreneurs told stories, not just of hard work and risk, but of how the latihan, sometimes very powerfully, guided them into the field of work in which they became so successful, or unexpectedly helped them at various crisis points during their journey.
Another common element to many of these stories was that when given two options as to the way forward, they were often guided to choose the more difficult path. That was often when things really opened up and they were able to see the evidence of the latihan working in them, in what they were doing, and how it affected their customers and colleagues.
VCP in Difficult Times
Businesses today face a difficult combination of economic and geopolitical uncertainty, tighter access to capital, and the rapid spread of AI. This is making some products and services less valuable.
VCP is taking a different path from the AI-dominated mainstream. While most venture dollars chase a few AI mega-rounds, VCP backs Subud enterprises globally, focusing on durable businesses whose value AI cannot easily erode: energy, health and care services, patented technologies, and enterprises built on skilled people and trusted relationships.
We avoid businesses whose core product or margins could be significantly devalued by AI, such as routine software, content, and information or advisory services that can be automated. Instead, it seeks companies where AI is a tool that lowers costs and lifts productivity.
Amid uncertainty and slow exits, this discipline, together with a 5x return target at exit, gives investors exposure to resilient, well-researched, sensibly priced start-ups that mainstream venture capital overlooks and that are positioned to benefit from AI rather than be displaced by it.
A Little More About Us
Our newsletter now has a subscriber base of about 3,000 Subud members around the world. Some of you may not know us very well so, over the next few issues we will provide a brief bio of each of the VCP team members. |
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| Hamid is based in Porto, Portugal. Early in life he answered the call for soul searching and enterprise development.
He has now accumulated 45 years of business experience in multiple sector investments. Currently, he is the Chairman and CEO of the Altar Group, an investment office located in Porto and Jakarta. It manages a portfolio of companies and projects in property management, real estate development, tourism, natural resources, new technologies, films, and education that are located in Portugal, Morocco and Indonesia.
In 2005, Hamid was inducted into the Alumni Hall of Fame in AIESEC International. In 2012, he was awarded the Order of Merit (Degree Commander) from the President of the Republic of Portugal. | | |
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In 1999, together with Rahman, Hamid initiated the construction of much of Rungan Sari’s residential accommodation, and he owns and operates the beautiful Rungan Sari Meeting Centre. He has held many positions in Subud. He is currently Vice Chair of the Muhammad Subud Foundation (MSF) and heads up the World Congress Organising Team for the 2028 congress in Fatima, Portugal.
A Little Gift
As you all know, Rahman Connelly and his business partner, Bradford Temple, were early Subud entrepreneurs - and very successful ones. They pioneered the superannuation industry in Australia. In 1995, they published the book “Human Enterprise”. It brought together some of the statements Bapak had made about the role of enterprise within Subud. We would like to share it with you in this downloadable pdf. |
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The VCP Team – Always Eager to Hear from You | | Left to Right: Markus Fraval (Board nominee), Rahman Connelly (Founder-Chairman), Hamid da Silva (Founder-Adviser), Arif Matthee (Founder-Director), Irwan Wyllie (Founder-Managing Director), |
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Venture Capital Partners Pty Ltd |
| 51 Gurrnyah Drive, 2484, Stokers Siding |
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