Showing posts with label Startup. Show all posts
Showing posts with label Startup. Show all posts

Thursday, February 27, 2014

Singapore's 20 hottest startups to watch in 2014

I've not been posting for quite awhile, hence apologies for not finding the time to write more!!!

But here is an exciting news I wish to share with all of you!

Collegify has been listed as Singapore's 20 hottest startups to watch n 2014!!! by the Singapore Business Review.

http://www.slideshare.net/slideshow/embed_code/31663418

Thursday, September 5, 2013

IdeasInc StartUp2013! How Venture Capitalists value your business?

It has been 3 months since I have posted my reflections as I was really swamped with waves of challenges that kept hitting both Envisage and Collegify. I will perhaps share some of those in later posts so that aspiring entrepreneurs can learn from my pitfalls too, but well... That's just the common journey which all entrepreneurs have to face!

Nonetheless, I will like to share with you some key lessons learnt from the StartUp2013 conference which I just attended last Saturday @ *SCAPE!

As spoken by Mr Leslie Loh from Red Dot Ventures, how enterprises are valued by a Venture Capitalists are through the following elements:

1. Market validity of the product/services - If your product/services has a proven market segment with paying clients, then you will have a much stronger pitch. If you are simply still fondling with an idea or prototype with non-paying clients, your business is still too early for venture stage funding.

2. Maturity of founders or board members/advisers - The wisdom and expert knowledge/background of the founders/advisers matters. This provides the investors the confidence on the probability of success of your business. However, this might not be impeded by your age (If you are too young), what matters is that you show the level of maturity in understanding what will feasibly allow your business to succeed. But that being said, please do also retain your passion and idealism to succeed. (Perhaps a good mix of personalities displayed within your team will assist in portraying this to your investors)

3. Stage of the enterprise - A growth stage venture with proven track record will always garner a better deal than an earlier stage business. Hence, you have to be really realistic with your expectations on how you value your business. To put it simply, if you have a business with a proven revenue stream and working product that shows demand, you will definitely be able to negotiate for a better valuation. And that's what venture stage fund providers will be requiring.

In addition, you have to understand that return of investment expectations of VCs, are actually on the level of 10x to 30x. Hence, if you are unable to convince them of such profit potential, you will likely not be able to attract their investments. Thus, availability and growth plans beyond the shores of Singapore is critically important!

Alright guys, all the best to your enterprise journey! :)

Tuesday, May 14, 2013

*Scape presents 'Hear Me Out!' (In conjunction with Envisage's Gen.SEs workshops)

Thinking of starting your own Social Enterprise while attending our workshops? Need a place to pitch and get funds to kick start your business? Consider joining Hear Me Out - a pitching competition organised by *SCAPE! 

"Got a brilliant idea that is itching your brain? Tell us, we’re all ears!
No doubt, we have gaps in our society. The marginalised can definitely do more with our help. Like the saying goes – if not you, then who?
If you have an idea that can better the community, tell us, we can support you with seed funds of up to $7,000!"

Join us tomorrow at *SCAPE, 7:30pm, to find out more! (alternatively you can PM us for further inquiries)


Visit Gen.SEs FB for more information: http://www.facebook.com/EnvisageGen.SEs
Sign up for our FREE Social Entrepreneurship training at: Sign up here! 

Monday, May 6, 2013

Youth For Social Entrepreneurship Interview on Envisage

Heh all

Have you all visited this awesome blog "Youths For Social Entrepreneurship"?

They just wrote an awesomely comprehensive article about Envisage start-up journey, my personal views  on the landscape, and some tips I have for people who wish to start their own SEs. Link to article is provided below! Click it, Read it! It's long, but I believe you will learn a thing or two from it.

http://youthfse.com/2013/05/06/envisage-education-social-entrepreneurship-for-the-next-generation/

Some excerpts:


Here’s what he thinks:

- “Start small – don’t be afraid to start small, and don’t be afraid to fail. And when it fails – which it will, it definitely will, regular enterprises fail 90% of the time – you must create space for it, and not drag others down, especially your beneficiaries.”

- “Youth entrepreneurs must start somewhere. If they don’t start, they’ll never know whether it works, and if they don’t start, it will never happen, basically. Do a trial run, do research, see if there’s a market, do prototyping, have a great sensitivity of what’s happening…. Don’t just think about it, or you’ll never know whether it’ll work.”

- “Figure out who you want to help. You don’t start a social enterprise just because you feel like it.”

Thursday, March 21, 2013

Must everything be automated to build a scalable business? Well let Derek tell you his experience.

Must everything be automated to build a scalable business? Well let Derek tell you his experience.

How true that we are constantly advised to automate everything in tech. business so that it can scale. However, consumer appreciation of human interaction in the sales process should not be undermined.

Computers still lack the ability to listen and feel. And may for a while not be able to do so. Cheers! give it a read! Seriously...

http://sivers.org/hi

Social Enterprise Association Toolkit

Hi all!

I can't believe I totally missed out this comprehensive toolkit done by the Social Enterprise Association of Singapore!

But better late than never right?!

Download here!

This guide will be a great read for whoever is truly keen on starting a social enterprise! Read it if you are also a wanna-be like me!

Monday, March 18, 2013

"Changing your operating systems!" - By Derek Sivers

Must read! Article written by one of the most inspiring speaker, writer and entrepreneur I've chanced upon...

http://sivers.org/os

Excellent article about "Changing your operating systems!" - Making deep changes in your life. 

Monday, August 13, 2012

Derek Sivers on "Pushing and Expanding your comfort zone."



Entrepreneur, programmer, avid student of life. I make useful things, and share what I learn.

Push, push, push. Expanding your comfort zone.

I’m 40 meters underwater. It’s getting cold and dark. It’s only the third dive in my life, but I’m taking the advanced training course, and the Caribbean teacher was a little reckless, dashing ahead, leaving me alone.
The next day I’m in a government office, answering an interview, raising my right hand, becoming a citizen of Dominica.
I’m in a Muslim Indian family’s house in Staten Island, washing my feet, with the Imam waiting for my conversion ceremony. Next week they will be my family in-law. The Muslim wedding will make her extended family happy. I’ve memorized the syllables I need to say. “Ash hadu alla ilaha illallah. Ash hadu anna muhammadar rasulullah.”
We’re on a rooftop in Rio de Janiero on New Year’s Eve, celebrating with some Brazilians we met the day before. Down below on the beach, a million people are wearing all white.
I’m alone on a bicycle in a forest in Sweden. I left from Stockholm 6 hours ago, headed south, with only 50 Krona, and I’m getting hungry. I don’t know the way back.
We’re in a filthy dorm-room apartment in Guilin, China, studying at the local university. At the local grocery store, we choose from a bin of live frogs.
The India Embassy official hands me a pseudo-passport that says I am now officially a “Person of Indian Origin” - a pseudo-citizen of India.
I’m the back of a truck in Cambodia, soaking wet, hitching a ride back to Phnom Penh after an all day bike ride. The roads were flooded but we rode our bikes through anyway, Mekong River water chest-high.
That week I speak at four conferences in Cambodia, Singapore, Brunei, and Indonesia. By the 4th one, my American accent has started to morph into something kind of Asian.
We’re in a hospital in Singapore, having a baby. It’s a boy, which means he’ll serve 2 years in the Singapore military in 2030. The birth certificate says his race is Eurasian, a word I’ve never heard.
I’m on a diplomatic mission in Mongolia, with the Singapore Business Federation, talking with the Mongolian government’s head of business development, walking with the next mayor of Ulaanbaatar.
I suppress a laugh at the ridiculousless of this situation.
I’m just a musician from California! What the hell am I doing here?
But that feeling lets me know I’m on the right track. This is exactly what I wanted.
Some people push themselves physically, to see how far they can go. I’ve been doing the same thing culturally, trying to expand my California-boy perspective.
I love that when we push push push, we expand our comfort zone. Things that used to feel intimidating now are as comfortable as home.
I remember how scary New York City felt when I moved there in 1990, just 20 years old. Two years later it was “my” city - my comfort zone.
Now previously-exotic Singapore is my long-term comfortable home, while I push myself into exploring foreign places, new businesses, and different perspectives.
After years of stage fright, performing over 1000 shows, I have a strong case of “stage comfort”. Being the lead singer or speaker on stage is now my comfort zone.
A lot of my musician friends feel this when playing on stage with their legendary heroes. You push push push, then one day find yourself on the very stage you used to dream about. And it feels so natural - almost relaxing. It’s your new comfort zone.
The question is - what scares you now? What’s intimidating? What’s the great unknown?
I keep using that question to guide my next move.