Group Structure · v5 · 8-Year Aggressive Growth Timeline

Tech Sequence Holdings

29 entities by end of Year 5, ~42 by end of Year 8, through a disciplined mix of greenfield, M&A, and product-line spin-outs. Years 1–2 follow the Model B foundation; Years 3+ accelerate aggressively. Decision gates at Y2, Y4, Y6 provide explicit recalibration points.

v5 · 8-year aggressive growth · 42+ entities target
Y5 Target
31
Operating entities — original 29-entity vision surpassed during Y4
Y8 Target
~44
Operating entities + ~10 structural / sub-holding
Cumulative Capital
$800M–$1.1B
~50% recycled exit capital from Y4 onward
CEO Hires
~40
Peak ~7/year Y3–Y5 (the binding constraint)
Year 1
+4
Cumulative: 4
~$5–7M deployed
Phase 0 · Foundation
TS Technology Consulting
Consulting T2
TS Managed Services
Ops T2
TS People
Talent stack Merger T2?
CoreHR + ViecHomNay + TS HR
Mira
ERP T2?
Year 2
+7
Cumulative: 11
~$25M deployed
Phase 1 · Validation
TS Block / TS Pay
FinTech
SBV IPS license · VND 50bn paid-up
TS Media & Creative
Creative Merger
TS Studio + TS Media
TS Land
PropTech T2
Developer anchor required
TS Health
HealthTech T2
TS Education
EdTech T2
TS Intel
AI Lab Spin-out
From TS Services AI practice
Blue Dot Technology
Gov-tech T1
MoNRE · First Tier-1; TS Public VN JSC live
Year 3
+9
Cumulative: 20
~$54–57M deployed
Phase 2 · Aggressive Build
Signet
Platform
TS Insight
AI / Data Merger
Gather AI + Beacon
Vitrine
Gov/Cultural T1
MoCST · Separated from Signet per D17
TS Notary
Notary Digital T2
Q2 launch · Luật Công chứng 2024 · TS Land + TS Block + TS National AI cross-flow
TS National AI
Applied Gov AI T1
Q4 launch · TS Intel IP license-in · Viettel co-investor · per D23
TS Data Services · Commercial
Cloud
WarehouseOS
SaaS
Unit Desk
PropTech
[Acquisition #1]
Vertical SaaS M&A
$5–15M · First M&A
Year 4
+6
Cumulative: 26
~$75M deployed
Phase 3 · M&A Accel
Hogcare
AgriTech T2
MARD relationship
Argus
InfoSec T1
MoPS / A05 · Vietnamese majority
TSDS · Gov-Cloud
Cloud T1
VNPT/Viettel co-investor
[Acquisition #2]
Sector gap M&A
$15–30M
TS Lending
FinTech Spin-out
From TS Block · 18mo+ matured
TS Field
Drone + IoT + Robotics T1 M&A wedge
Per D22 · Viettel co-investor · physical-world data layer for portfolio
Year 5
+5 = 31
Cumulative: 31 · 29 target surpassed
~$100M deployed
Phase 4 · International
TS Indonesia + [Acq #4]
Regional M&A
First international
TS Indonesia + [Acq #5]
Regional M&A
Saigon Volume
VP Studio Standalone brand
TS Live
Events Name TBD
TS Medical AI
Vertical AI Spin-out
From TS Intel
Year 6
+5
Cumulative: 36
~$150M deployed
Phase 5 · Conglomerate
TS Investment Services
Family Office
SSC-regulated; returns to plan
TS Foundation
Philanthropy
[Acquisition #6]
Domestic M&A
$20–40M
[Acquisition #7]
Cross-group M&A
$20–40M
TS Wealth
FinTech Spin-out
From TS Block
Year 7
+4
Cumulative: 40
~$200M deployed
Phase 6 · Regional
TS Realty
Asset vehicle
Ref customer Unit Desk + WarehouseOS
TS Thailand + [Acq #8]
Regional M&A
TS Thailand + [Acq #9]
Regional M&A
TS Agri AI
Vertical AI Spin-out
From TS Intel
Year 8
+4 = 44
Cumulative: 44
$200M+ deployed
Phase 7 · Maturation
TS Philippines + [Acq #10]
Regional M&A
[Acquisition #11]
Consolidation M&A
Vietnam domestic
TS Insurance
FinTech Spin-out
From TS Block
TS Executive Search
Talent Spin-out
From TS People
Legend

Operating Group (left border color)

TS Ventures
TS Infrastructure
TS Services
TS Culture & Creative
TS Capital & FS
Cross-group / structural

Mechanism (border style)

Greenfield (solid border)
M&A (dashed border, amber tint)
Spin-out (dotted border, teal tint)

Government Tier (D17)

Tier 1 — gov primary customer / Vietnamese majority
T2 Tier 2 — gov touch, not primary
Merger Combined entity (D20 reasoning)
Spin-out parents — where Y4–Y8 spin-outs come from
Product lines within mature entities are carved out when independence test passes (independent customer base + fundraising path + operator-CEO). See D20 for the playbook.
TS Block Capital & FS · Y2
Y4TS Lending Y6TS Wealth Y8TS Insurance
TS Intel Infrastructure · Y2
Y5TS Medical AI Y7TS Agri AI
TS People Ventures · Y1
Y8TS Executive Search Y8+Specialized payroll (TBD)
TS Services Services · Y1
Y2TS Intel (already spun) Y6+Vertical consulting (TBD)
Decision gates — explicit off-ramps
Aggressive plans need off-ramps so they don't become death marches. Three checkpoints reassess the plan against reality.
End of Y2 Gate
Foundation validation
TS Services + TS People cash-flow positive? 5+ operator-CEOs successfully hired? TS Block bank partner committed? If no, Y3 slows to 4–5 launches instead of 7.
End of Y4 Gate
M&A capability proven
First M&A integrated successfully at 100-day review? First Series B sale providing treasury liquidity? CEO recruiting sustaining pace without quality compromise? If no, pivot back to greenfield-heavy; 29+ slips to Y6–Y7.
End of Y6 Gate
Conglomerate maturity
TS Services HOSE/HNX IPO completed? Recycled capital flowing per D21? Founder time commitment to 30+ entities sustainable? If no, cap at ~30 entities and focus Y7–Y8 on consolidation rather than expansion.
Tech Sequence Holdings · v5 · 8-year aggressive growth · 42+ target by Y8