Chinaccelerator, in cooperation with People Squared and the University of Hult, once again hosted their program-annual 10X10 Shanghai on March 15th, 2014.
The Geeks on a Train tour takes the Chinaccelerator startups on a ride from Shanghai to Beijing, then back down to Hangzhou before returning to Shanghai.
As part of the tour, the 10x10 conference brings attendees 10 tech pioneers and top VC's from the startup ecosystem in China. This is an amazing opportunity for attendees to have a peek at the first startup accelerator program in China, meet interesting people and listen to amazing speakers.
As always, each of them takes attendees on a 10-minute tour of their own startup trials and tribulations, wins and losses, then give some great advice and maybe a secret or two about what they learned to help make them the superstars they are today.
These are their slides, we hope you enjoy them. Thank you for supporting Chinaccelerator and entrepreneurship worldwide.
4. Because we promote and nurture hi-tech entrepreneurship in China
through a MENTORSHIP driven ecosystem, which returns benefits
to all participants.
We Are A World Class Launchpad
Founders
Executive
Board
Mentors
And we’re the best. Why?
MENTORSHIP is what MATTERS
Investors
6. Proof in the Pudding
After ‘graduating’ in
Oct 2011 OrderWithMe
won TechCrunch
Disrupt in Nov 2011
and raised $3mm in
funding
Others that are still killing it:
7. Cyril Ebersweiler: Visionary punk who founded
Chinaccelerator and H.axlr8r; mentor at Techstars &
500Startups; Investor / advisor at LEAP MOTION and 80+
startups
http://www.crunchbase.com/person/cyril-ebersweiler
https://angel.co/cyril
Sean O’Sullivan: Creator of things and eternal
entrepreneur x investor x geek
Founder of Mapinfo, Avego, SOSventures
Dragon at Dragon’s Den
Co-coined the term ‘cloud computing’
http://www.crunchbase.com/person/sean-osullivan-2
Who is behind this
madness?
Todd Embley: Director at Chinaccelerator. Mentor like a
hockey coach. Opinionated philosoraptor. Technology,
marketing, coconuts, fantasy sports - my passions.
Entrephilosophy is everything.
https://angel.co/todd-embley
8. • Chinaccelerator helps kickstart early-stage entrepreneurs into
success!
• We offer extensive support for startups including seed funding,
mentorship, networking; the most important fuel for startups to
grow and succeed
• The fund will target exclusively startups focusing on web, mobile,
AR, SaaS and other emerging technologies
• DO MORE FASTER - curate a peer-to-peer working environment
and personally facilitate access and introductions to over 70
amazing mentors from around the world
• Help founders understand proper “entrephilosophy” and get
educated on the finer points of financing - raising money & the
terminology therein
• How to PITCH LIKE A PRO
PROPULSION
9. • A 3-month call to apply. Applications are vetted on a rolling basis
by committee.
• 6% equity is returned for acceptance into the program (including all
provisions therein) and $16k USD
• We also cover the costs of out-of-town mentors, the ‘Geeks on a
Train’ tour and Demo Day, and provide a “home” all expenses paid
We are Looking for POP:
• Amazing teams (People)
• Globally innovative ideas (Opportunity)
• Disruptive biz models (Path)
THE INTAKE
11. Member of the Global Accelerator Network
• 6 Countries
• 63 Cities
• 50 Accelerators
• ONE standard for entrepreneurial excellence
“Look no further than within a GAN accelerator. Beside the fact that they’ve
been vetted according toGAN standards, our accelerators follow industry best
practices and are supported by experienced mentors working alongside each of
their founders.” - http://gan.co/join-us
PERKS
• $60k in Microsoft Azure Credits
• $10k in PayPal Transaction
Credits
• $3k in HR Support from Premier
Employer Services
• $12k in Softlayer Hosting
Services
• $6k in Rackspace Hosting
Credits
• $1k in Amazon Web Services
15. 1 - Arman Zand (Silicon Valley Bank)
2 - Stephane Monsallier (System in
Motion)
3 - Alok Somani (Ekeliu)
4 - Bob Zheng (People Squared)
5 - Brian Tam (Let’s Make Great)
6 - Stephen Wang (Alivenotdead.com)
7 - Rudy Wimmer (CBi China Bridge)
8 - Gang Lu (Technode/TechCrunch.cn)
9 - Oscar Ramos (DaD.asia)
10 - David Li (XinCheJian)
Today’s Speakers
28. Common Questions
• Who has time for all this?
• What if I never get anything back?
• How do I “give” to 1mm customers?
• Does this work in China?
29. This is not GUANXI!
Those taking part in the acceptance of
"guanxi" are required to return "guanxi" given
measured on the amount of previous "guanxi"
accepted.
30. Take aways
• Add value to build deeper connections
• Give, Give, Give, and expect nothing
• Build social currency, Don’t keep score
• Differentiate yourself on a personal level
• So you don’t have to on price and terms
• Find out what they need / want
33. Light Bulb
• 22 inventors before Swan & Edisson
• UK, FR, US, several patents filed
• Swan’s started to work in 1850
• Edisson started to improve in 1878
• Both filed patents in 1880
Late birds sometimes get all the worms
34. Saccharin
• Falhberg was working on coal tar
• One day he split products on his hands
• (and probably did not wash them)
• And everything tasted sweet
• He had discovered Saccharin
Don’t always listen to your mom
35. Post It
• Dr Silver, 3M employee was working on
super strong glue
• He created super low tack glue
• Dr Silver talked about it for 8 years
• One day, somebody suggested sticky notes
With the wrong solution, change the problem
36. HeLa Cells
• Henrietta Lack died of cancer in 1951
• Her cells were the first to grow in vitro and were
distributed freely by Dr Grey
• They are considered immortal
• They helped cure polio, study many viruses, test
many vaccines
• Current number estimated to be greater then
standard human cell count
Always be generous
37. Microwave Oven
• WWII: Percy Spencer was working on radar
• The chocolate bar in his pocket was melting
• He conducted more tests
• Improved, waited for the war to end, etc.
Pay attention to details, and be curious
(Always have food in your pockets)
56. STRUGGLE
We put our BLOOD, SWEAT, & TEARS into our work,
and we struggle: financially, in our relationships, and
introducing our new ideas into the world.
57. SELF-LOVE
affects EVERYTHING that we do:
our confidence when we pitch
“will they really want it?”
our pricing strategy
“how much are we worth?”
our development
“should we continue?”
60. ACCEPT (yourself)
Acknowledging the situation is what is it
(not blaming others or finding excuses)...
to focus on TAKING ACTION to make improvements.
74. Chineseness of Internet Market
in China
Dr. Gang LU | Founder of TechNode.com
http://gang.lu
75. Figures by end of 2013
• Internet Users: 618 millions
• Internet Penetration Rate: 45.8%
• Mobile Internet Users: 500 millions
• 93.1% of enterprises have adopted
computers and 83.2% use the Internet.
23.5% businesses sell products online,
26.8% make purchases online and 20.9%
do online marketing.
124. 一个(中国)人是一条龙,三个(中国)人是一条虫
Yīgè (zhōngguó) rén shì yītiáo lóng, sān gè
(zhōngguó) rén shì yītiáo chóng
One (Chinese) person is like a dragon, three
(Chinese) people are like a worm
125. Source: The Wisdom of Teams by Katzenbach and Douglas Smith called
Work Group
1 + 1 + 1 = 3
Pseudo Team
1 + 1 + 1 = 2
Potential Team
1 + 1 + 1 = 3
Real Team
1 + 1 + 1 = 4
High Performance Team
1 + 1 + 1 = 10+
The Team Performance curve
126.
127. One of the most important risks for your startup is
internal!
Good news: It can be managed
128. If you want to learn more about it.
Ask me ;-)
oscar@dad-asia.com
Weixin: oscar_ramos
137. • The open source software
has gone from a movement
to an industry in two decades
• What is "open source?"
• The right to look inside
• The right to change
• The right to redistribute
Open Source
138. • Arduino, the little micro
controller that could
• The attitude change drives
the movement
• Common platform for
exchange of ideas
• Base of 3D Printer, DIY
Drone, and other new
communities
OS hardware
148. "The future is already here - it's just not evenly distributed." - William
Gibson
"The best way to predict the future is to invent it." - Alan Kay
Maker: a movement toward open innovation
151. ERP/MRP at Internet Scale
• Manufacturing has been the most difficult part for the hardware startups
• Going to 0 to 1 to 1000 to 1,000,000 in recorded time!
• Going from shopping on Taobao to procurement Alibaba
• Need for new kind of ERP/MRP at Internet Scale connecting different
resources