A Random Walk Down Entrepreneurship Peter Choi @snapshock / @hiwavesg
Peter Choi• MSc MBCS PMP CISA CISSP• 7 jobs in 8 years (“strategic” hopper…)• Committee member, BCS (HK Section)• First startup: 2004 (newsy)• Taekwondo coach for 16 years
2004 : newsy.com• Web based RSS reader• Cause of death: – Too young – Google Reader• Lessons learnt: – UX > functionalities – Domain name trading is something!
2007 : iPhoto.org• Syndicate of photography blogs• Lessons learnt: – No automation for e-marketing – Do not rely on advertisement income
2005-2006 : SayiLove & StarryGift• A place for love declaration• Cause of death: – Job security (team psychology) – QC on outsourcing – Too slow (morale issue)• Lessons learnt: – Train to manage your emotion – Ditch “perfection”
2008 : Hiwave Dry Seafoodhttp://hiwave.starrygift.com• Family business for 3 gens• Physical store at Sai Kung• Chinese wedding betrothal gift• iPhone apps – soup recipes “ 日行一膳”• Featured in Google market report “The Connected Harbour” http://www.connectedharbour.hk
To Be Honest• Entrepreneurship is NOT for everyone• Do NOT expect “ Work Life Balance ”• Livelihood is NOT guaranteed• You will NOT succeed, for the first time• You will learn a lot more• You will live your life• You will be happy• You will succeed, eventually
To Conclude…• Leap of Faith, embrace it• Feel good, it’s a long journey• Tiny idea, best execution• Four perspectives : – Yourself (core belief) – Users (market acceptance) – Investors (cash flow) – Developers (feasibility)
And in Hong Kong…• Cash in King !!• Real estates and finance rules for a reason• Startup and investors ecosystems still need time to grow• HK is no Silicon Valley or Beijing• You are no Mark Zukerberg or Jack Ma! If you are smarter, prove it !!
Your First Step…• Join facebook group : Startup College• Website: www.startupcollege.hk• Twitter: @startupcollege
Peter ChoiCo-founder and CEO, Snapshock firstname.lastname@example.org Twitter: @peterchoi @snapshock / @hiwavesg Weibo.com/peterchoicm