The department of Computer Science and Engineering, School of Computer Science and Technology of Karunya University conducted the second national IEEE STEP EVENT 2014 on “GROOMING ENGINEERS AS ENTREPRENEURS” on 27th October 2014. IEEE-Young Professional, Madras Section. The objective of this event is to transform budding engineers as entrepreneurs.
In this regard CSE department of KU invited Mohankumar Swaminathan, an alumnus to be the resource person for the session “Spark of Inspiration” for one hour duration to talk on Show inspirations of start-ups; Alumni-Start-ups; Incubation Advantages.
Spark of Inspiration
Alumni-Start-ups: Show inspirations of start-ups
Oct 27, 2014
2011 BE CSE passout
CEO & Co-founder, DoPartTime.com
A product of TinywallTechnologies Pvt. Ltd. (TTPL)
How I met your mother
•Fully Residential college (just hostel & college)
•More than 5K+ students
•Free Wifiacross campus
•No access to Social Networking Websites
•so, obviously had lot of time
•Classmates notes sharing web app
•Joined hands and decided to make together
•Naming Tinywall(Guess why!)
•Students Social Networking Engine v1.0
•Fire in the belly
•Thirst for knowledge
•Wave length match
•Lean team is much better
•Discussion is always better than argument. Because argument is to find out who is right ! Discussion is to find out what is right.
•Ran around most of the national level symposiums
•Organized seminars and workshopsin colleges/universities
•Worked on lots of freelancingworks
•Started a blogTinywall.info
Making our first $$$$$
•A Norwegian had came to know about us via Twitter.
•Connected with us via Facebook
•Discussed in Skype
•Sent our first payment using PayPal
•Purchased Android mobiles
•Partnership with Norway
•Understanding MNC and start-up
•Incubated in StartTank
•Won TiECON2014 CBE
•Beta release of DoPartTime.com
Started Class portal
Business vs Startup
•Just You + Your Idea
•Scaling –User base -Transaction
•Fund raising –Acquisition –Exit
•Make in India
Be ready to face,
•First your girlfriend will leave you (If you have one)
•Mom will have hypertension and will tell you that you are going nuts.
•Father will ask you to grow up.
For the first generation entrepreneurs
•Stop worrying someone will steal your idea. Worry about how to get customers, a team & funding.
•If you cannot do great things, do small things in a great way!
•There is no shortage of money on this planet, only a shortage of people thinking big enough.
•Entrepreneurs are rock stars. Entrepreneurship is ‘the’ most courageous thing to do. It takes a lot of courage to startup.
•Flat, marriage and family –3 reasons why young Indians don’t turn entrepreneurs! via @AbhinavSahai
Best time to be an entrepreneur
•If you have work-life balance, you are not serious enough about your start-up.
•Anything that you would be doing as a start-up entrepreneur is selling, a lot of selling.
•Do Shameless networking, follow up desperately. Even a simple chit-chat would help you connect dots.
•You may even hirewho is lazy; but for sure not an irresponsible idiot
•Study empathyfor your audience
•Success will come slowly, and cash will burn fast. Be smart –planfrom day one.
•Lack of innovationis death for the company.
•Don't improve by adding features, improve by solvingproblems
•According to our own experience, an excellent programmercan do in half the time and with better quality what an average programmer does.
•A Good UserInterfacehas high conversion rates and is easy to use.
My Mind voice
•The only comfortable place was next to my few entrepreneur friends. It was true, only an entrepreneur could understand an entrepreneur.
•Either you sell the client something or he sells you a reason he can't. Either way a sale is made, the only question is who is going to close?
•Security doesn’t have to last forever; just longer than everything else that might notice it’s gone.
•Entrepreneurship is all about customers, revenues and profits, and funding is optional
•Stop being so perfect I have parents to answer
•A person never gets tired working for himself.
•Valuation is not a science; it's an art.
•You only have to be rightonce!
•Fail Fast, Succeed Faster
•Been there, done that.
•Best Motivational Video For Startups And Entrepreneurs -YouTube https://www.youtube.com/watch?v=8NxDO6fA5rU
Building while at Karunya?
•It’s easy to find a girl friend; but not a co-founder –start working now
•Awesome climate; free users; cool infrastructure –don’t miss it
•Stop Counter stick game (may be some new one now) –save time & energy
•Learn to Unlearn
What are we building now?
an online portal that facilitates hiring and finding of part-time work in India
•Ideal for students, house wife, freelancers & retired professionals
•Search based on time, day
•Search based on vicinity (location)
Life is short; just startup!