Category Archives: Startup

Startup

World’s Biggest Hackathon Competition comes to Kuala Lumpur this 8th of June

Hackathon Competition – Kuala Lumpur, Malaysia  — 1337 Ventures, VLT and Founder Institute

Hackathon

Malaysia are excited to bring AngelHack, the world’s biggest hackathon competition, to Kuala Lumpur. The two-day competition will take place on the 8th of June 2013 at 1337 Accelerator in MSC Malaysia’s Knowledge Workers Development Centre in Cyberjaya. Sponsors include Google, PayPal, Amazon, Blackberry, Facebook, 1337 Ventures and VLT, all looking to support and develop KL’s growing startup community.

Photo Credit: Flickcr.com
Photo Credit: Flickcr.com

World’s Biggest Hackathon Competition

AngelHack’s winning team will join the AngelHack Accelerator program; winning flights, lodging and mentorship to turn their hack into an investment-grade startup. As part of the program, the team will receive mentoring post-hackathon, and two members of the team will be flown into Silicon Valley on the 1st of September for a 10-day stay. During their stay, they will get to demo their product, raise investment, and attend TechCrunch Disrupt. Teams also stand the chance to win other prizes, including the latest Android devices, hotel stays, AWS credits, API prizes and more.

Previous AngelHack winners have gone on to attend famous incubators, including YCombinator, TechStars, AngelPad, MassChallenge and 500 Startups, and have also received attention from big players in the industry. For instance, last year’s AngelHack Toronto winner Airpost.io, received an US$80,000 investment from Microsoft. To learn more about AngelHack KL, to signup as a hacker, volunteer, or sponsor go to: http://angelhackkl.eventbrite.com/.

 

About AngelHack
AngelHack organizes hackathon competitions for web developers and entrepreneurs, called AngelHacks. At an AngelHack event developers can learn developer tools, meet new friends, and receive funding and mentorship for their startup ideas. In 2013, AngelHack will organize 100 hackathons, bringing together 10,000+ developers in 50+ cities. Winners from every city are put through the AngelHack Accelerator Program, where they receive 12 weeks of mentorship then flown to the SiliconValley to raise investment and meet Silicon Valley elite. Previous winners have gone on to attend YCombinator, AngelPad, TechStars, 500 Startups, and incubators around the world.

If you’d like more information about this topic, please contact Jessica Smith at [email protected] or take a look at these articles:
http://techcrunch.com/2013/03/21/angelhack-accelerator/
http://www.examiner.com/article/angelhack-the-gold-standard-of-a-hackathonh
http://www.netmagazine.com/news/angelhack-announces-worldwidehackathon-132656

Lean Startup Machine returns to Singapore – June 7-9, 2013!

Lean Startup Machine is Returning to Singapore – June 7-9, 2013!

http://leanstartupmachine.com/events/singapore-june-7-9/

Date: Friday, June 7, 2013 at 6:00 PM – Sunday, June 9, 2013 at 8:00 PM (SGT)

Location: 113 Somerset Rd., Singapore, 238165

 

Lean Startup – Fail Fast, Succeed FASTER.

Lean Startup Machine

Lean Startup Machine is an intensive three-day workshop which teaches entrepreneurs and innovators how to build products with huge market potential. It is a metrics-driven startup competition where teams learn to identify the key risks in their business model through hands-on mentorship and our framework of tools.


Event Schedule…

Friday you will show up, eat, meet mentors and network with fellow attendees. Those who come as individuals will pitch a problem they want to solve, the top problems will be crowdsourced and teams will be formed. At around 9pm you will start constructing your first experiment designed to test, empirically, your problem hypothesis and customer hypothesis. Teams will break for the night when they have a developed a provable hypothesis and have practiced their customer development skills with a mentor.

Saturday those assumptions will be tested with customers. Most of your assumptions will likely be WRONG, so you will iterate rapidly to validate a new set of assumptions. You will go through several Minimum Viable Products (MVPs), escalating from Exploration, to Pitch, to Concierge.

Finally, Sunday afternoon you will present your learnings to the other teams and to a judging panel. This is not just a learning exercise, you will actually be competing with other teams to win additional mentorship and support. You will leave the workshop with…

*The ability to run any idea through the Validation Board, and run experiments to test if your assumptions are actually valid.

*The ability to end ‘endless’ team “discussions” with actionable tests rather than debates.

*The ability to determine if your idea is a scale-able startup or a hobby.

 

Lean-Startup-Machine-Singapore
Photo Credit: http://www.rikvin.com/blog/lsm-singapore-success/


Who’s this event for?

Any startup team that does not have Product/Market Fit, or any aspiring founder, innovator, or early startup employee that wants to learn Lean Startup methodologies from the ground up.

Executives, leaders and innovators in large, medium, and small businesses looking to innovate or create the next successful product or service.  Those who are inexperienced or experienced in Lean along with creatives, salespersons, marketers and decision makers can all be coached in the methodologies Lean Startup. This is an intensive educational workshop where you will learn the tools to develop any new business concept – NOT a hackathon.

Got an idea of your own? Great. You’ll have 50 seconds to give your elevator pitch at the kickoff. After voting, if your idea gets selected you will be able to form a team and start working. We strongly encourage everyone who comes to LSM to start fresh with a brand new concept.

No co-founders? No problem. You’ll meet many talented and smart people and have the opportunity to hear their new startup ideas.

We strongly encourage everyone who comes to LSM to start with a brand new concept. In the past, we have found that it is too difficult for participants to join a team that already possesses domain knowledge around an existing project.

If you plan to work on an existing project*, bring at least one co-founder with you to the event. If you have existing co-founders and none of them attend, you’ll have to work on a new startup idea. But don’t worry, you’ll still learn valuable skills that you can apply to your own business.

*An existing project is defined as one that already has mockups, prototypes or code associated with it. If that’s the case, you cannot recruit others to join you.

Space is limited – Tickets are now on sale now and going FAST!

http://leansg.eventbrite.com

 

Questions?

Email [email protected]

Follow us and tweet @LeanSGP

How Nick D’Aloisio made his $30 Million

What’s he doing with $30 million? As Nick D’Aloisio says, “I can’t even buy a car because I don’t have a licence yet.” So he’s going to buy a new bag. Why? “Mine is broken; it’s old and the strap’s not working.”

Recently, Yahoo bought 17 year old Nick D’Aloisio’s iPhone app, Summly, for $30 million. When Yahoo was founded in 1994, Nick wasn’t even born yet.

Nick D'Aloisio
Photo Credit: Kmeron


3 STEPS ON HOW NICK D’ALOISIO GET TO $30 MILLION

Nick’s app has delivered over 90 million news summaries in the four short months since he launched it on his 17th birthday in November. But Nick isn’t even old enough to be a Director of his company, so his mum is the Director while he sits in as Company Secretary.

What has gotten Nick D’Aloisio to success so quickly in 15 months when so many of us are still struggling after 15 years? Here’s 3 steps his journey has in common with most super-success stories:

 

PROBLEM + PASSION = $300K SOLUTION

Nick’s Summly App was the solution to a real world problem that no one else was solving well. As Nick relates, “I was 15 years old and I was revising for some kind of history exam. The problem was I was trying to find information that was useful to me.”

Searching Google on his phone didn’t give him enough detail to know what was or wasn’t a useful link. So he put his own iPhone app together. The app quickly rose up the download ranks and Apple featured it in their store.

Then came a fateful email: “About a month later, the private fund of the Hong Kong billionaire Li Ka Shing cold emailed me and expressed an interest to invest, but they didn’t realize I was 15…It turned out that they actually liked my age because it demonstrated I was net-native, so I’d only grown up with the Internet. They flew to London about a month later and invested $300,000. That kick-started this whole journey.”

 

$300K FUNDING + EXPERTISE = $1.3M REPUTATION

Nick D’Aloisio used the money to bring in world experts to help relaunch the app. At 16 years old, he teamed up with the leaders in Natural Language Processing, Stanford Research Institute (Who create Apple’s SIRI – named after the company’s initials, SRI).

In between high school classes in London, Nick worked with SRI in the US by phone and text messages to build the new app. SRI’s solid reputation and Nick’s focus on approaching well known celebrities to help him attracted high profile investors Stephen Fry, Ashton Kutcher and Yoko Ono who invested $1.3 million. Nick made the most of his investors, with Stephen Fry starring in the launch video for Summly.

 

$1.3M REPUTATION + SINGLE-MINDED FOCUS = $30M STORY

With world class partners and world class investors, Nick D’Aloisio gave up full-time school at the end of 2011, with his parent’s blessing: ““I talked about it with them and my headmaster and we decided it was a once-in-a-lifetime opportunity and it would be silly not to run with it. Now, looking back, I can say it was a massive gamble. But it was a good gamble.”

From a standing start to $30 million, Nick has taken the age old 1-2-3 formula of solving a problem in a smart way, then using the resources he attracts to bring in the best talent, and leveraging that to attract the most influential partners.

What made him think he could just go and knock on the door of the best companies and most well known people in the world? As he says “I was naive. I didn’t know I couldn’t.”

Nick D’Aloisio is now reflecting on this week’s news: “Numbing is probably the best word to describe it. It’s a shock to be honest. The only thing I can take from this is that I’m genuinely kind of proud that I’ve been getting a lot of tweets where young people are commenting and saying, “This is really inspirational, I want to go and start my own thing.”

How many of these 3 steps in the 1-2-3 formula have you taken in your business? What can you do to upgrade your product, your talent or your partners?

Or maybe it’s time to be a kid again, be naive again, when you didn’t know you couldn’t. And start something entirely new.

Entrepreneurs and Startups in Malaysia to Benefit from new Silicon Valley’s BootstrapLabs Launch

Silicon Valley-based BootstrapLabs, and Malaysia-based MAD Incubator today announce the formation of BootstrapAccelerator Asia. This will form the first Southeast Asia-focused Tech Startup Accelerator with a Silicon Valley Fast Track™ for promising Startups in Malaysia, with opportunities to gain access to incubation opportunities, funding and networking for business growth. Continue reading Entrepreneurs and Startups in Malaysia to Benefit from new Silicon Valley’s BootstrapLabs Launch

Effective Tax Planning for Business in Malaysia

This is the time where businesses will be looking for effective tax planning strategies to help them to document their operations accordingly. The season has finally arrived where businesses, entrepreneurs and companies will be filing in their annual tax plans in June for all registered Malaysia based businesses.

Continue reading Effective Tax Planning for Business in Malaysia

Perspectives of Startup Hire

A good idea is worth nothing if there are no talents that come together to build a good product/platform and drive the business thereafter. Like all other business, Startups which are at their early stage need to grow their traction, revenue and scale their business further. The need for Startup hire often come for the main purpose of growth, increasing resources as well as filling up gaps within the existing team. Continue reading Perspectives of Startup Hire