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10X10 Beijing !
March 8th, 2014!
Sina Weibo: @中国加速	

Follow
Along Live!!
Twitter: @chinaccelerator!
WeChat (Weixin):
Real Quick - What is
Chinaccelerator?!
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
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:
80+ MENTORS
The Lifeblood of What We Do
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
•  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
•  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
by entrepreneurs,
for entrepreneurs
Why this works!!!
mentorship
+
environment
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
OUR OLD DALIAN HOME
The view
Now in Shanghai!
Demo Days!!
2010	

2011	

2012	

2013
1	 -	 Akio	 Tanaka	 (Infinity	 Ventures)
2	 -	 Rui	 Ma	 (500	 Startups)
3	 -	 Mikko	 Puhakka	 (Lion	 Partners)
4	 -	 Andy	 Mok	 (Red	 Pagodao	 Resources)
5	 -	 Tan	 Siok	 Siok	 (Kinetic	 ONE)
6	 -	 David	 Ben	 Kay	 (Yuanfen~Flow)
7	 -	 Kevin	 Dewalt	 (SoHelpful.me)
8	 -	 Jesper	 Lodahl	 (Smart	 Tots)
9	 -	 Alex	 Farfurnik	 (Xibao)
10	 -	 Steve	 Bell	 (Trilogy	 Ventures)
11	 -	 Frank	 Yu	 (Kwestr)
12	 -	 Richard	 Robinson	 (Yolu.inc)
Today’s Speakers!
Akio Tanaka!
Infinity Ventures!
Rui Ma!
500 Startups!
 
Rui	
  	
  Ma	
  	
  	
  	
  	
  
rui@500.co	
  	
  	
  
¡¡   Please	
  	
  	
  contact	
  	
  	
  me	
  	
  	
  at	
  	
  	
  	
  any	
  	
  	
  	
  
time:	
  	
  	
  	
  	
  
§§   rui@500.co	
  	
  	
  
§§   WeChat:missruima	
  	
  	
  
	
  	
  	
  	
  	
  
¡¡   Follow	
  	
  Us: 	
  	
  ▪  
▪  
▪  
@500Startups	
  	
  	
  
@davemcclure	
  	
  	
  
@ruima	
  	
  	
  
¡¡   Website
:www.500.co	
  	
  	
  	
  	
  
Mikko Puhakka!
Lion Partners!
Lion Partners 2014
Searching for Billion
Dollar Start-up
Business – Lessons
from 20 years +
Mikko Puhakka
Lion Partners 2014
”Blueprint to a Billion“
The Data*
n  All the US companies that
have gone Public Between
1980 – 2006
n  In total 7 454
n  Out of these a Billion dollar
revenue mark has been
reached by 387 (5%)
n  Do these companies have
common features?
*Thompson 2006
Lion Partners 2014
The Seven Essentials
1. Find or create a great value proposition.
2. Find a quickly growing market.
3. Get some marquee customers.
4. Leverage a Big Brother Partner.
5. Be capital efficient.
6. Get paired management teams.
7. Have at least one board member on your board,
outside of your investor or management team that
has grown a company to a billion.
Thomson (2006)
Lion Partners 2014
”Blueprint to a
Billion”: The Data
n  Research shows that if a
company did not have
ONE of Seven Essential
traits, it'd take 14 years to
hit a billion in revenues,
vs 7 years that a billion
dollar company would
take on average if it had
all 7 traits.
n  And if a company failed to
have TWO of these 7 traits
then the likelihood of
scaling to a billion in
revenues fell to non
existent.
Lion Partners 2014
Puhakka  Seppänen
Approach:
‘’ Time-to-Something’’	
n  Time-to-product?
n  Time-to-market?
n  Time-to-revenue?
n  Time-to-profitability?
n Test  compare your
business model around
these metrics 
benchmark against
competition
Lion Partners 2014
3 Things The
Founder /CEO
of a Company
must do
Lion Partners 2014
1. Provide Clear
Vision for the
Company
Lion Partners 2014
2. Make Sure
There is Enough
Money
Lion Partners 2014
3. Keep the
Employees Happy
Lion Partners 2014
Let’s get started!
Connect to me
via Linkedin or
Wechat (mikko68) or
email pu.mo68@gmail.com
Andy Mok!
Red Pagoda
Resources!
The Startup Scene in 2014:
Bigger and better than ever?
Andy Mok
CEO/Founder, Red Pagoda Resources
Organizer, Beijing Tech Hive
About Red Pagoda Resources
Helping entrepreneurs in China accelerate their
success
•  People - The hardest problem startups face
o  Who are the right people?
o  Where do I find them?
o  How do I persuade them to join?
•  Beijing Tech Hive - a weekend startup
accelerator
o  Sharpen idea
o  Bridge from ‘dating’ to ‘marriage’
o  Connect with investors
•  Advisory - Introductions to investors and other
key resources
About me
•  Wharton	
  MBA,	
  Johns	
  Hopkins	
  School	
  for	
  Advanced	
  
Internaonal	
  Studies	
  MA	
  in	
  China	
  Studies	
  
•  Ex-­‐think	
  tank	
  and	
  investment	
  background	
  
o  RAND	
  Corp	
  -­‐	
  United	
  States	
  and	
  A	
  Rising	
  
China:	
  Strategic	
  and	
  Military	
  Implicaons	
  
o  Morningside	
  Ventures	
  晨星创投资本	
  
o  China-­‐focused	
  technology,	
  media	
  and	
  
telecommunicaons	
  
•  So what?
o  Policy level focus on macroeconomic,
geopolitical and technological trends
o  Hands-on experience in business
strategy, marketing, operations and
finance
o  Broad global and local network of
advisors and partners
2013 年诺⻉贝尔奖获得
者罗伯特·希勒
前美国财政部部⻓长、
前⾼高盛投资⾸首席执⾏行
官汉克·保尔森
前休斯顿⽕火箭队员 姚
明
Ripped from today’s headlines
•  Facebook acquires WhatsApp for $19B
•  Founded in 2009: 450M users vs 1.2B
for FB
•  Each user worth $42 ($40 for Line)
•  55 employees ($345M/employee vs GS
$2.4M)
•  500M photos shared per day - 150M 
FB
•  Acton saw VC funding as a bailout.
Raised $250K from ex-Yahoo
colleagues but Sequoia invested $8M
for 15% - now worth $3.5B (437x return)
•  Biggest VC-backed exit ever
How did they get there?
•  Not young, tons of experience: Jan
Koum (38), ex-EY, Brian Acton (42),
employee 44 at Yahoo, lost money
investing in dotcom boom
•  Lots of history together: Knew each other
for 9 years before starting What’s App,
Koum’s mother’s death
•  Started with an observation, not
product: App Store created new markets
•  Moments of despair: After a game of
ultimate frisbee with Acton, Koum
grudgingly admitted he should probably fold
up and start looking for a job. Acton balked.
“You’d be an idiot to quit now,” he said.
“Give it a few more months.”
Koum realized he’d
inadvertently created a
messaging service
Implications for us entrepreneurs
•  What’s App not an anomaly, not even end of
beginning
•  Money more and more readily available
•  Experience matters - Insight first then team then
product
•  Innovation increasingly coming from Asia and
China in particular
•  Start with global perspective from Day One
Seattle as first step to global market
•  Home to top innovative organizations:
Amazon, Boeing, Costco, Microsoft,
Starbucks, T-Mobile, Gates Foundation
•  Vibrant startup ecosystem
o  Entrepreneurs: Rich Barton,
Expedia, Zillow; Glenn Kelman,
Redfin; Brian McAndrews,
aQuantive
o  Investors: Ignition, Maveron,
Madrona, angels, angels, angels
•  Key industries: aviation, environmental,
gaming, IT, health care
•  Quality of life: Housing, education,
activities
•  Long-standing ties to China - Boao
Forum (Davos of Asia) Sept 4-6 in
Seattle
4 bedroom/2.5 baths. Single Family: 3,030 sq ft.
Lot:0.33 acre. Asking RMB5.4M
Courtesy Zillow
Music - expression of and catalyst for creativity
Musicians connected to Seattle
7 Year Bitch
A Fine Frenzy
Abney Park
Acceptance
Aiden
Allen Stone
Alice in Chains
Amber Pacific
Ann and Nancy
Wilson
Anomie Belle
Aury Moore Band
Axis
Ayron Jones and
The Way
Band of Horses
Bathtub Gin
Ben Bruce
Big Sur, The
Bill Frisel
Bing Crosby
Blake Lewis
The Blood Brothers
Bloodgood
Blue Scholars
BOAT
Bonnie Guitar
Botch
Bradford Loomis
Brandi Carlile
Brite Futures
Bundle of Hiss
Candlebox
Carissa's Wierd
Cave Singers, The
Chris Cornell
Classic Crime, The
Common Market
Critters Buggin
Daily Flash
Danger Radio
Damien Jurado
Dave Lewis
Dave Matthews
(currently resides in
the Seattle Area)
David Bazan
Death Cab For Cutie
Demon Hunter
DIONVOX
Disfiguring the
Goddess (Cameron
Argon/Big Chocolate
(musician) currently
resides in the Seattle
Area)
Donald Glaude
Doug Martsch
Duff McKagan
Eddie Vedder
Eriam Sisters
Fall of Troy, The
Fartz, The
Fastbacks, The
Fire Theft, The
Fleet Foxes
Flop
Gabor Hun
Gabriel Mintz
Gas Huffer
Gatsbys American
Dream
Gerald Brashear
Gits, The
Glis
Goodness
Grand Archives
Gravel
Green Apple
Quick Step
Green River
Grunttruck
Grieves
Hammerbox
Harvey Danger
Hater
He Is We
Hoot Hoots,
The
Head and the
Heart, The
Heart
Hey Marseilles
Himsa
Ivan  Alyosha
I Declare War
(Band)
Jack Endino
Jeremy Enigk
Jerry Cantrell
Jesse Brand
Jesus Rehab,
The
Jim Allchin
Jim Black
Jimi Hendrix
John Roderick
Jon Yoon
Judy Collins
Joseph
Katrina Charles
Kenny G
Kind of Like
Spitting
Kyle Townsend
Layne Staley
北京遇上⻄西雅图 (Beijing meets Seattle)
Beijing Tech Hive
•  54 hour weekend startup
accelerator
•  Meet top developers, UI/UX
professionals, product managers
•  Supported by VCs like DCM,
Qiming, Sequoia, Zhen Fund
Tan Siok Siok!
Kinetic ONE!
Entrepreneurs 
are the new rock stars
Silicon Valley is the new
Hollywood
But…
Most ideas we have about 
startup entrepreneurship are 
MYTHS
MYTH #1 	

Entrepreneurs
Are only in it 
For the 
MONEY
REALITY: 
Entrepreneurs want to make
things 

They are builders, explorers and
adventurers
MYTH #2	

Entrepreneurs
Are born 
GENIUSES
REALITY: 
Entrepreneurship can be
learned

That is the very premise of a program
like the CHINA-AXLR8R
MYTH #3	

Entrepreneurs
Have it 
EASY
REALITY: 
Building a Startup is
DAMN HARD 

The odds of success are long
Step 1 of your heroic journey 
as an entrepreneur: 	

Explode the MYTHS 
and get to WORK
BON VOYAGE	

@sioksiok
siok@kineticone.com
David Ben Kay!
Yuanfen~Flow!
Two valuable investments for the entrepreneur
David Ben Kay, Yuanfen~Flow, Beijing
For Chinaccelerator 10X10 March 8, 2014
What I’ll talk about:
Two Ends of the Investment Spectrum
ž  Legal Advice - Easy
ž  Mindfulness – Difficult
Both have potential big pay-offs
Legal Advice
ž  Takeaway: Invest in trusted legal advice.
—  First Timers vs Serial Entrepreneurs
○  Knowing the value
—  贵不贵,便宜不便宜 – You get what you pay for.
—  How are you compensating other contributors?
($? Equity?) – Treat your lawyer the same way.
Main areas for legal advice
ž  Intellectual Property
ž  Structuring
ž  Relationships
Legal: Intellectual Property
The “jewels”
ž  Trademarks/Branding
ž  Patents
ž  Copyright
ž  Trade Secrets
Legal: Structuring
ž  Offshore/Onshore
ž  Business needs (Sales? Employing?)
ž  What will your investors want?
ž  What makes exiting easier?
Legal: Relationships
ž  Among co-founders
ž  With team members
ž  With investors
—  Potential  Actual
ž  With licensors/licensees
From the mundane to the sublime
ž  Legal advice? You can pay for it and
someone else does the heavy lifting.
ž  Mindfulness? It’s totally up to you.
Mindfulness
ž  Many names
—  无心之心,正念, awareness, attention,
coping strategies, presence, The Flow, “no
mind”, smṛiti !म#$त
ž  Practioners
—  From mountain-top monks, to C-Suite execs
ž  Techniques/Methodologies
—  Multiple forms of meditation; Drugs (DMT/
Ayahuasca, Adderall, Peyote, LSD, etc.)
Spiritual? Psychological?
Physiological? – Doesn’t matter.
ž  Discovery of Quantum Vibrations in ‘Microtubules’ Inside Brain Neurons
Supports Controversial Theory of Consciousness by Matt Staggs on
January 20, 2014 in News
ž  Experimental Tool Uses Light To Tweak The Living Brain by JON
HAMILTON
ž  In the U.S. business world, interest in mindfulness is rising dramatically.
This shows in the popular business press, including books such as
Awake at Work (Carroll, 2004) and Resonant Leadership: Renewing
Yourself and Connecting with Others Through Mindfulness, Hope, and
Compassion.[32]
ž  The link between mindfulness practice and leadership development, in
particular, was strengthened with the introduction of Scouller's
Three Levels of Leadership model (Scouller, 2011). His model, which
emphasizes psychological self-mastery, includes mindfulness meditation
as one of its main self-development techniques.[33]
Objectives
ž  Focus
ž  Positivity
Tips
ž  Don’t try to visualize – just remember
—  Where you are in the universe
○  Download the Bjork app
○  Use Google World
○  Use Google/Baidu maps
—  People – particularly those to whom you react
negatively
○  Make a slide show of their faces
ž  Learn to convert negative to positive
—  The Green Box
ž  Breath … deeply
Frequencies – A Practice
ž  OM – Opens you to the Positive
ž  MA – Makes you a source of the
Positive
ž  NI – Balances the left/right brain; 阴阳
ž  PAAD – Aligns you
ž  MEI – Activates the frontal lobe
ž  HOM – Activates the whole body
ž  REEE – Connects
Thank you
Kevin Dewalt!
SoHelpful.me!
How	
  to	
  Find	
  Your	
  Startup	
  Idea	
  
Kevin	
  Dewalt	
  
Angel	
  Investor,	
  Founder	
  SoHelpful	
  
Need	
  help?	
  
SoHelpful.com/KevinDewalt	
  
Jesper Lodahl!
SmartTots!
•  My	
  Lesson	
  Learnt	
  
	
  Jesper	
  Lodahl	
  	
  
About	
  Me	
  
§  2x	
  Entrepreneur	
  
§  CEO	
  	
  Co-­‐founder	
  of	
  SmarTots	
  	
  
§  14	
  years	
  experience	
  in	
  the	
  
Internet	
  and	
  mobile	
  sectors	
  
§  Father	
  of	
  Two	
  	
  
§  Past-­‐Danish	
  Champion	
  in	
  
Gymnascs	
  
§  Past-­‐European	
  Champion	
  in	
  
fastpitch	
  so]ball	
  	
  
My	
  Career	
  	
  
§  Nokia	
  –	
  For	
  comfort	
  
§  Patent	
  into	
  about	
  a	
  billion	
  phones	
  
§  Club	
  Beauful	
  –	
  For	
  money	
  
§  SmarTots	
  –	
  	
  For	
  passion	
  
§  Building	
  educaonal	
  games	
  that	
  connect	
  the	
  
family	
  
Nail	
  it….	
  	
  
As	
  an	
  entrepreneur!!!	
  
Get	
  3	
  right	
  and	
  you	
  are	
  golden!	
  
	
  	
  
ü Big	
  Market	
  
ü A-­‐Team	
  	
  
ü Solve	
  a	
  real	
  problem	
  	
  
	
  
	
  
And	
  also	
  some	
  blind	
  luck	
  …	
  
Market	
  Two	
  choices:	
  	
  
	
  
	
  
	
  
	
  
Do	
  what	
  
everybody	
  
else	
  is	
  doing	
  	
Pick	
  on	
  
upcoming	
  
and	
  me	
  it	
  
well	
  
OR	
  	
  
A	
  Real	
  Problem	
  
Medicine	
  for	
  CancerElasc	
  Band
Team	
  
Can	
  a	
  B	
  team	
  beat	
  an	
  A	
  team?	
  	
  
Can	
  B	
  players	
  become	
  an	
  A	
  
players?	
  	
  
Can	
  A	
  players	
  get	
  even	
  beber?	
  
	
  	
  
	
  
A	
  Few	
  Tips	
  for	
  
A-­‐	
  Players	
  	
  
	
  
Wannabes	
  ;)
Take	
  care	
  of	
  
yourself	
  	
  
7-­‐9h	
  EVERY	
  night	
   Eat	
  Healthy	
  
Be	
  a	
  learn	
  it	
  all,	
  	
  
NOT	
  a	
  know	
  it	
  all	
  
Cycles	
  of	
  a	
  Startup	
  
X	
  ?,	
  then…	
  
Stay  lean,  
and  
humble	
Persevere  and  
stay  positive
Stay	
  Posive	
  	
  
In	
  body	
  and	
  mind	
  
Up	
  for	
  an	
  experiment?	
  	
  
Perseverance	
  
A	
  Startup	
  
	
  in	
  a	
  
Nutshell	
  
…	
  
Lead	
  with	
  Purpose	
  and	
  
Passion	
  
Be	
  realisc,	
  Build	
  A	
  
Team	
  
“Psst…	
  
A	
  players	
  hire	
  A	
  players,	
  B	
  
players	
  hire	
  C	
  player	
  etc.”	
  	
  
Follow	
  The	
  Lean	
  Startup	
  
Fail,	
  fail	
  fast,	
  evaluate,	
  learn	
  and	
  then	
  
CELEBRATE!!!!!	
  
Good	
  Luck	
  
Guys!	
  
Contact	
  me	
  
Wechat:	
  Jesper-­‐1	
  
	
  
	
  
Email:	
  jesper@smartots.com	
  
Alex Farfurnik!
Xibao!
Outsourcing tasks	
Alex Farfurnik
Example: data entry
Problem: need to extract data from ______ and import to database in ____ format
Technology solution: write script to ____ and _____ then ____
Simple solution: copy-paste the data - outsource through odesk.com
Tasks
Online research
Manual/Automated data gathering
SEO
Design
Development
Content creation
Translation
Data entry / copy-paste / excel
…
Resources
https://www.odesk.com/
http://www.freelancer.com/
http://www.mturk.com/
https://www.elance.com/
http://www.99designs.com/
http://www.crowdspring.com/
http://www.onlinejobs.ph/
https://www.microworkers.com/
Previous Experience
Need to manage 1,000 websites
Maintain content
Do SEO
Design
etc…
Our tasks outsourcing team	
30+ people in Philippines, India, US
content writers
designers
SEO
etc…
Lessons learned
Employees of outsourcing companies in non-major cities are overworked and
underpaid
Hire from smaller cities
If possible hire full time
Be fair, give an unexpected perks
Pay on time
No second chances for bad performance
Thanks
Steve Bell!
Trilogy Ventures!
Trilogy	
  Ventures	
  
“Don’t	
  just	
  start	
  a	
  career	
  –	
  
START	
  a	
  Business	
  
hbp://www.trilogyvc.com
hbp://t.sina.com.cn/stevebell	
  
hbp://stevebell.renren.com
RenRen:	
  	
  史蒂夫	
  steve	
  bell
Startup - First Year	
  
• 3 Startups - Less is More	

• What Trilogy VC invests in.....
Steve	
  Bell	
  
• B.	
  ChE	
  –	
  Georgia	
  Instute	
  of	
  Technology	
  1985	
  
• Founder	
  /CEO	
  CORE	
  Products	
  GmbH	
  
• Founder	
  /	
  CEO	
  SupplySoluon	
  Inc	
  
• Founder	
  /	
  CEO	
  ShangBy	
  Inc.	
  
• VC	
  –	
  Trilogy	
  Ventures	
  –	
  Founder	
  and	
  MD
How much Startup #2	
  
• 500,000 from trusted industry insider (angel)
for 25%?
or
• 7,500,000 for TOP BIG NAME VC’s for 40%?
Low capital
Forces Focus	
  
Agenda	
  
• 3 Startups - Less is More	

• What Trilogy VC invests in.....	

• University Students will start the biggest
most important companies....
Biggest Companies	
  
Does past predict future?
Pornolio	
  Trilogy	
  VC
ZoZou.cc
DroidHen
✤  Only external proof matters!
✤  need 10,000,000 something (RMB, users)!
✤  show the business can be HUGE!
✤  before running out of money!
✤  “many tries” do do do do....
Trilogy	
  Ventures	
  Criteria	
  
• Great	
  Team	
  of	
  “	
  
– Doers”	
  
– Expert	
  –	
  know	
  the	
  customer	
  
– Curious	
  
• Speed	
  of	
  product	
  release	
  /	
  iteraon	
  
• Low	
  spend	
  rate	
  -­‐	
  can	
  get	
  to	
  10,000,000	
  	
  
• Space	
  -­‐	
  Mobile/Web
Don't invest here	
  
Date: FEBRUARY 16, 2011 1:39:34 PM GMT+08:00
To: Stephen Bell steve@trilogyvc.com
Subject: Re: Throw Out Your Business Cards, xxxxx iPhone
App Is Now Live
sure, but for 10x less we dont need investment, we can
invest ourself
And we can forget about a nice office, hiring 2nd group Eng
people, all the symbian version, all the marketing, all the IP,
legal and so on..
JiaThis	
  
Droidhen	
  
Lezi.com	
  
Don’t	
  just	
  start	
  a	
  career	
  
Start	
  a	
  Business	
  
hbp://www.trilogyvc.com
hbp://t.sina.com.cn/stevebell	
  
hbp://stevebell.renren.com	
  
RenRen:	
  	
  史蒂夫	
  steve	
  bell
Frank Yu!
Kwestr!
PITCHING
STORIES
GETTING JOURNALIST TO
TELL YOUR STORY
SOME PAPERS
South China Morning Post
China Economic Review
Gamasutra
Baltic Observer
China Tech News
TechRice
TechNode
Games In Asia ( Tech In Asia)
Articles on Tech Crunch and Venture Beat
THE JOURNALIST
Underpaid
On deadline
Pressured by Editor
Juggling multiple stories
Used to rejection by sources
Paranoid that friends just want converage
Telling the stories of others not their own
Deals with critics, trolls and haters daily
Credibility always on the line
IF ONLY
…..If only we can get media coverage
Getting media coverage may not be the solution, it may even
make your problems worse.
It may crash your servers
It will let the world know how unfinished you are
The story may not be covered the way you want it
The story may haunt you forever, the internet never forgets
BUT IF YOU DO
These are the steps to consider.
1)  Angle
2)  Contact
3)  Package
4)  Message
ANGLE AND HOOK
What will their readers be interested in?
What will their editors approve
What stories to they cover or have over-covered
New features are not enough…
What trend are you part of and represent
Pitch a story , not a specification or announcement
FIND A CONTACT WHO
COVERS YOUR BEAT
Make Contacts before you need to pitch a story
Try to be referred
Be a source and educate
Introduce to others
Create a relationship, not a one off free advertisement
PACKAGE A STORY
INTERESTING TO THEIR
READERS
1)  A white paper
2)  An Infographic
3)  Some study or research
4)  Funding / Partnerships / Awards
5)  New Trends or unknown areas
6)  Events or Contests
7)  Pictures, charts graphs
8)  Ready made text or story
9)  Lists and Link baiting
THE MESSAGE
The Internet is forever
Answer in Sound Bites
Be a Knowledge Leader
Don’t make a sales pitch
Know your Goals
Links, Videos and Demoes
THANK YOU
Frank@kwestr.com
Richard Robinson!
Yolu!
 
Stand-­‐up	
  ß	
  à	
  Start-­‐up	
  
What	
  Being	
  a	
  Stand-­‐up	
  Comedian	
  
Taught	
  Me	
  About	
  Start-­‐ups	
  
	
  
Richard	
  Robinson	
  
10X10	
  Beijing	
  
March	
  8th,	
  2014	
  
• Co-founder of 5 startups – 
3 exits, 1 mercy killing, 1 still active

• Senior exec in 2 startups which went public
• Advisor and/or angel investor in 15+ other startups
• Loving China’s /Asia’s Geek-o-system
§ Co-founder and President, Yolu
§ Co-founder and Chairman (formerly CEO), Kooky Panda
§ Founder/CEO, Dada Asia acquired by Milan-listed Co.
§ Co-Founder, Shouji Mobile acquired by Tencent 
§ Founder and CEO, MIG acquired by Glu Mobile
(NASDAQ:GLUU)
Serial	
  Entrepreneur	
  in	
  China	
  
Asia’s 1st North American Comedy Show!
è Focus on world-class, North American
live comedy performances
è Started in Hong Kong in 1998
è Expanded to major Asian cities in 2001
è Developed large loyal following in China
Working with the Best in the Business
World’s Largest Comedy Festival
World’s Longest-Running Improv Troupe
Top Comics from North America
Russell Peters
Louis CK
Jim Gaffigan
#1:	
  Fear	
  
	
  
	
  
•  Chewing	
  glass	
  
looking	
  into	
  the	
  
abyss	
  
•  Jumping	
  off	
  cliff	
  
building	
  airplane	
  on	
  
way	
  down	
  
•  Catch	
  22	
  
•  Seinfeld	
  eulogy	
  
•  Failure	
  /	
  Bombing	
  –	
  
only	
  mabers	
  how	
  
you	
  react,	
  just	
  
marinate	
  in	
  it	
  
#2:	
  	
  Small	
  Bets	
  /	
  Ship	
  Early	
  /	
  Ship	
  OEen	
  
•  Users/Audience	
  
Collecng	
  data	
  
Live	
  Audience	
  
#2:	
  	
  Small	
  Bets	
  /	
  Ship	
  Early	
  /	
  Ship	
  OEen	
  
#2:	
  	
  Small	
  Bets	
  /	
  Ship	
  Early	
  /	
  Ship	
  OEen	
  
#3:	
  	
  AuthenGcity	
  /	
  Truth	
  
And I thought, well OK,
when you're done telling
jokes about airplanes and
dogs and you throw those
away, what do you have left?
You can only dig deeper,
start talking about your
feelings and who you are.
#3:	
  	
  AuthenGcity	
  /	
  Truth	
  
•  Point	
  of	
  view	
  /	
  True	
  Voice	
  
•  Truth	
  speaks	
  to	
  people	
  
•  Go	
  to	
  your	
  passion	
  /	
  truth	
  
•  Scratch	
  own	
  itch	
  
•  Get	
  a	
  small	
  group	
  REALLY	
  into	
  
what	
  you’re	
  doing	
  
And I thought, well OK,
when you're done telling
jokes about airplanes and
dogs and you throw those
away, what do you have left?
You can only dig deeper,
start talking about your
feelings and who you are.
Thank	
  you	
  very	
  much!	
  
I’ll	
  be	
  here	
  all	
  week.	
  
Please	
  tip	
  your	
  waitstaff	
  ;-­‐).	
  
	
  
	
  	
  	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  richrob@gmail.com	
  
	
  	
  	
  	
  	
  	
  	
  	
  @richardrobinson	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  linkedin.com/in/richardrobinson
Thank You!!

@Chinaccelerator
everywhere!

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Chinaccelerator 10 x10 Beijing, Spring 2014

  • 2. Sina Weibo: @中国加速 Follow Along Live!! Twitter: @chinaccelerator! WeChat (Weixin):
  • 3. Real Quick - What is Chinaccelerator?!
  • 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
  • 5. 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
  • 10. by entrepreneurs, for entrepreneurs Why this works!!! mentorship + environment
  • 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
  • 12. OUR OLD DALIAN HOME The view
  • 15. 1 - Akio Tanaka (Infinity Ventures) 2 - Rui Ma (500 Startups) 3 - Mikko Puhakka (Lion Partners) 4 - Andy Mok (Red Pagodao Resources) 5 - Tan Siok Siok (Kinetic ONE) 6 - David Ben Kay (Yuanfen~Flow) 7 - Kevin Dewalt (SoHelpful.me) 8 - Jesper Lodahl (Smart Tots) 9 - Alex Farfurnik (Xibao) 10 - Steve Bell (Trilogy Ventures) 11 - Frank Yu (Kwestr) 12 - Richard Robinson (Yolu.inc) Today’s Speakers!
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  • 30.   Rui    Ma           rui@500.co      
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  • 41. ¡¡   Please      contact      me      at        any         time:           §§   rui@500.co       §§   WeChat:missruima                 ¡¡   Follow    Us:    ▪   ▪   ▪   @500Startups       @davemcclure       @ruima       ¡¡   Website :www.500.co          
  • 43. Lion Partners 2014 Searching for Billion Dollar Start-up Business – Lessons from 20 years + Mikko Puhakka
  • 44. Lion Partners 2014 ”Blueprint to a Billion“ The Data* n  All the US companies that have gone Public Between 1980 – 2006 n  In total 7 454 n  Out of these a Billion dollar revenue mark has been reached by 387 (5%) n  Do these companies have common features? *Thompson 2006
  • 45. Lion Partners 2014 The Seven Essentials 1. Find or create a great value proposition. 2. Find a quickly growing market. 3. Get some marquee customers. 4. Leverage a Big Brother Partner. 5. Be capital efficient. 6. Get paired management teams. 7. Have at least one board member on your board, outside of your investor or management team that has grown a company to a billion. Thomson (2006)
  • 46. Lion Partners 2014 ”Blueprint to a Billion”: The Data n  Research shows that if a company did not have ONE of Seven Essential traits, it'd take 14 years to hit a billion in revenues, vs 7 years that a billion dollar company would take on average if it had all 7 traits. n  And if a company failed to have TWO of these 7 traits then the likelihood of scaling to a billion in revenues fell to non existent.
  • 47. Lion Partners 2014 Puhakka Seppänen Approach: ‘’ Time-to-Something’’ n  Time-to-product? n  Time-to-market? n  Time-to-revenue? n  Time-to-profitability? n Test compare your business model around these metrics benchmark against competition
  • 48. Lion Partners 2014 3 Things The Founder /CEO of a Company must do
  • 49. Lion Partners 2014 1. Provide Clear Vision for the Company
  • 50. Lion Partners 2014 2. Make Sure There is Enough Money
  • 51. Lion Partners 2014 3. Keep the Employees Happy
  • 52. Lion Partners 2014 Let’s get started! Connect to me via Linkedin or Wechat (mikko68) or email pu.mo68@gmail.com
  • 54. The Startup Scene in 2014: Bigger and better than ever? Andy Mok CEO/Founder, Red Pagoda Resources Organizer, Beijing Tech Hive
  • 55. About Red Pagoda Resources Helping entrepreneurs in China accelerate their success •  People - The hardest problem startups face o  Who are the right people? o  Where do I find them? o  How do I persuade them to join? •  Beijing Tech Hive - a weekend startup accelerator o  Sharpen idea o  Bridge from ‘dating’ to ‘marriage’ o  Connect with investors •  Advisory - Introductions to investors and other key resources
  • 56. About me •  Wharton  MBA,  Johns  Hopkins  School  for  Advanced   Internaonal  Studies  MA  in  China  Studies   •  Ex-­‐think  tank  and  investment  background   o  RAND  Corp  -­‐  United  States  and  A  Rising   China:  Strategic  and  Military  Implicaons   o  Morningside  Ventures  晨星创投资本   o  China-­‐focused  technology,  media  and   telecommunicaons   •  So what? o  Policy level focus on macroeconomic, geopolitical and technological trends o  Hands-on experience in business strategy, marketing, operations and finance o  Broad global and local network of advisors and partners 2013 年诺⻉贝尔奖获得 者罗伯特·希勒 前美国财政部部⻓长、 前⾼高盛投资⾸首席执⾏行 官汉克·保尔森 前休斯顿⽕火箭队员 姚 明
  • 57. Ripped from today’s headlines •  Facebook acquires WhatsApp for $19B •  Founded in 2009: 450M users vs 1.2B for FB •  Each user worth $42 ($40 for Line) •  55 employees ($345M/employee vs GS $2.4M) •  500M photos shared per day - 150M FB •  Acton saw VC funding as a bailout. Raised $250K from ex-Yahoo colleagues but Sequoia invested $8M for 15% - now worth $3.5B (437x return) •  Biggest VC-backed exit ever
  • 58. How did they get there? •  Not young, tons of experience: Jan Koum (38), ex-EY, Brian Acton (42), employee 44 at Yahoo, lost money investing in dotcom boom •  Lots of history together: Knew each other for 9 years before starting What’s App, Koum’s mother’s death •  Started with an observation, not product: App Store created new markets •  Moments of despair: After a game of ultimate frisbee with Acton, Koum grudgingly admitted he should probably fold up and start looking for a job. Acton balked. “You’d be an idiot to quit now,” he said. “Give it a few more months.” Koum realized he’d inadvertently created a messaging service
  • 59. Implications for us entrepreneurs •  What’s App not an anomaly, not even end of beginning •  Money more and more readily available •  Experience matters - Insight first then team then product •  Innovation increasingly coming from Asia and China in particular •  Start with global perspective from Day One
  • 60. Seattle as first step to global market •  Home to top innovative organizations: Amazon, Boeing, Costco, Microsoft, Starbucks, T-Mobile, Gates Foundation •  Vibrant startup ecosystem o  Entrepreneurs: Rich Barton, Expedia, Zillow; Glenn Kelman, Redfin; Brian McAndrews, aQuantive o  Investors: Ignition, Maveron, Madrona, angels, angels, angels •  Key industries: aviation, environmental, gaming, IT, health care •  Quality of life: Housing, education, activities •  Long-standing ties to China - Boao Forum (Davos of Asia) Sept 4-6 in Seattle 4 bedroom/2.5 baths. Single Family: 3,030 sq ft. Lot:0.33 acre. Asking RMB5.4M Courtesy Zillow
  • 61. Music - expression of and catalyst for creativity Musicians connected to Seattle 7 Year Bitch A Fine Frenzy Abney Park Acceptance Aiden Allen Stone Alice in Chains Amber Pacific Ann and Nancy Wilson Anomie Belle Aury Moore Band Axis Ayron Jones and The Way Band of Horses Bathtub Gin Ben Bruce Big Sur, The Bill Frisel Bing Crosby Blake Lewis The Blood Brothers Bloodgood Blue Scholars BOAT Bonnie Guitar Botch Bradford Loomis Brandi Carlile Brite Futures Bundle of Hiss Candlebox Carissa's Wierd Cave Singers, The Chris Cornell Classic Crime, The Common Market Critters Buggin Daily Flash Danger Radio Damien Jurado Dave Lewis Dave Matthews (currently resides in the Seattle Area) David Bazan Death Cab For Cutie Demon Hunter DIONVOX Disfiguring the Goddess (Cameron Argon/Big Chocolate (musician) currently resides in the Seattle Area) Donald Glaude Doug Martsch Duff McKagan Eddie Vedder Eriam Sisters Fall of Troy, The Fartz, The Fastbacks, The Fire Theft, The Fleet Foxes Flop Gabor Hun Gabriel Mintz Gas Huffer Gatsbys American Dream Gerald Brashear Gits, The Glis Goodness Grand Archives Gravel Green Apple Quick Step Green River Grunttruck Grieves Hammerbox Harvey Danger Hater He Is We Hoot Hoots, The Head and the Heart, The Heart Hey Marseilles Himsa Ivan Alyosha I Declare War (Band) Jack Endino Jeremy Enigk Jerry Cantrell Jesse Brand Jesus Rehab, The Jim Allchin Jim Black Jimi Hendrix John Roderick Jon Yoon Judy Collins Joseph Katrina Charles Kenny G Kind of Like Spitting Kyle Townsend Layne Staley
  • 63. Beijing Tech Hive •  54 hour weekend startup accelerator •  Meet top developers, UI/UX professionals, product managers •  Supported by VCs like DCM, Qiming, Sequoia, Zhen Fund
  • 65. Entrepreneurs are the new rock stars Silicon Valley is the new Hollywood But…
  • 66. Most ideas we have about startup entrepreneurship are MYTHS
  • 67. MYTH #1 Entrepreneurs Are only in it For the MONEY
  • 68. REALITY: Entrepreneurs want to make things They are builders, explorers and adventurers
  • 70. REALITY: Entrepreneurship can be learned That is the very premise of a program like the CHINA-AXLR8R
  • 72. REALITY: Building a Startup is DAMN HARD The odds of success are long
  • 73. Step 1 of your heroic journey as an entrepreneur: Explode the MYTHS and get to WORK
  • 76. Two valuable investments for the entrepreneur David Ben Kay, Yuanfen~Flow, Beijing For Chinaccelerator 10X10 March 8, 2014
  • 77. What I’ll talk about: Two Ends of the Investment Spectrum ž  Legal Advice - Easy ž  Mindfulness – Difficult Both have potential big pay-offs
  • 78. Legal Advice ž  Takeaway: Invest in trusted legal advice. —  First Timers vs Serial Entrepreneurs ○  Knowing the value —  贵不贵,便宜不便宜 – You get what you pay for. —  How are you compensating other contributors? ($? Equity?) – Treat your lawyer the same way.
  • 79. Main areas for legal advice ž  Intellectual Property ž  Structuring ž  Relationships
  • 80. Legal: Intellectual Property The “jewels” ž  Trademarks/Branding ž  Patents ž  Copyright ž  Trade Secrets
  • 81. Legal: Structuring ž  Offshore/Onshore ž  Business needs (Sales? Employing?) ž  What will your investors want? ž  What makes exiting easier?
  • 82. Legal: Relationships ž  Among co-founders ž  With team members ž  With investors —  Potential Actual ž  With licensors/licensees
  • 83. From the mundane to the sublime ž  Legal advice? You can pay for it and someone else does the heavy lifting. ž  Mindfulness? It’s totally up to you.
  • 84. Mindfulness ž  Many names —  无心之心,正念, awareness, attention, coping strategies, presence, The Flow, “no mind”, smṛiti !म#$त ž  Practioners —  From mountain-top monks, to C-Suite execs ž  Techniques/Methodologies —  Multiple forms of meditation; Drugs (DMT/ Ayahuasca, Adderall, Peyote, LSD, etc.)
  • 85. Spiritual? Psychological? Physiological? – Doesn’t matter. ž  Discovery of Quantum Vibrations in ‘Microtubules’ Inside Brain Neurons Supports Controversial Theory of Consciousness by Matt Staggs on January 20, 2014 in News ž  Experimental Tool Uses Light To Tweak The Living Brain by JON HAMILTON ž  In the U.S. business world, interest in mindfulness is rising dramatically. This shows in the popular business press, including books such as Awake at Work (Carroll, 2004) and Resonant Leadership: Renewing Yourself and Connecting with Others Through Mindfulness, Hope, and Compassion.[32] ž  The link between mindfulness practice and leadership development, in particular, was strengthened with the introduction of Scouller's Three Levels of Leadership model (Scouller, 2011). His model, which emphasizes psychological self-mastery, includes mindfulness meditation as one of its main self-development techniques.[33]
  • 87. Tips ž  Don’t try to visualize – just remember —  Where you are in the universe ○  Download the Bjork app ○  Use Google World ○  Use Google/Baidu maps —  People – particularly those to whom you react negatively ○  Make a slide show of their faces ž  Learn to convert negative to positive —  The Green Box ž  Breath … deeply
  • 88. Frequencies – A Practice ž  OM – Opens you to the Positive ž  MA – Makes you a source of the Positive ž  NI – Balances the left/right brain; 阴阳 ž  PAAD – Aligns you ž  MEI – Activates the frontal lobe ž  HOM – Activates the whole body ž  REEE – Connects
  • 91. How  to  Find  Your  Startup  Idea   Kevin  Dewalt   Angel  Investor,  Founder  SoHelpful  
  • 92.
  • 93.
  • 94.
  • 95.
  • 96.
  • 97.
  • 98.
  • 99.
  • 100.
  • 101.
  • 104. •  My  Lesson  Learnt    Jesper  Lodahl    
  • 105. About  Me   §  2x  Entrepreneur   §  CEO    Co-­‐founder  of  SmarTots     §  14  years  experience  in  the   Internet  and  mobile  sectors   §  Father  of  Two     §  Past-­‐Danish  Champion  in   Gymnascs   §  Past-­‐European  Champion  in   fastpitch  so]ball    
  • 106. My  Career     §  Nokia  –  For  comfort   §  Patent  into  about  a  billion  phones   §  Club  Beauful  –  For  money   §  SmarTots  –    For  passion   §  Building  educaonal  games  that  connect  the   family  
  • 107. Nail  it….     As  an  entrepreneur!!!   Get  3  right  and  you  are  golden!       ü Big  Market   ü A-­‐Team     ü Solve  a  real  problem         And  also  some  blind  luck  …  
  • 108. Market  Two  choices:             Do  what   everybody   else  is  doing   Pick  on   upcoming   and  me  it   well   OR    
  • 109. A  Real  Problem   Medicine  for  CancerElasc  Band
  • 110. Team   Can  a  B  team  beat  an  A  team?     Can  B  players  become  an  A   players?     Can  A  players  get  even  beber?        
  • 111. A  Few  Tips  for   A-­‐  Players       Wannabes  ;)
  • 112. Take  care  of   yourself     7-­‐9h  EVERY  night   Eat  Healthy  
  • 113. Be  a  learn  it  all,     NOT  a  know  it  all  
  • 114. Cycles  of  a  Startup   X  ?,  then…   Stay  lean,   and   humble Persevere  and   stay  positive
  • 115. Stay  Posive     In  body  and  mind   Up  for  an  experiment?    
  • 117. A  Startup    in  a   Nutshell   …  
  • 118. Lead  with  Purpose  and   Passion  
  • 119. Be  realisc,  Build  A   Team   “Psst…   A  players  hire  A  players,  B   players  hire  C  player  etc.”    
  • 120. Follow  The  Lean  Startup   Fail,  fail  fast,  evaluate,  learn  and  then   CELEBRATE!!!!!  
  • 121. Good  Luck   Guys!   Contact  me   Wechat:  Jesper-­‐1       Email:  jesper@smartots.com  
  • 124. Example: data entry Problem: need to extract data from ______ and import to database in ____ format Technology solution: write script to ____ and _____ then ____ Simple solution: copy-paste the data - outsource through odesk.com
  • 125. Tasks Online research Manual/Automated data gathering SEO Design Development Content creation Translation Data entry / copy-paste / excel …
  • 127. Previous Experience Need to manage 1,000 websites Maintain content Do SEO Design etc…
  • 128. Our tasks outsourcing team 30+ people in Philippines, India, US content writers designers SEO etc…
  • 129. Lessons learned Employees of outsourcing companies in non-major cities are overworked and underpaid Hire from smaller cities If possible hire full time Be fair, give an unexpected perks Pay on time No second chances for bad performance
  • 130. Thanks
  • 132. Trilogy  Ventures   “Don’t  just  start  a  career  –   START  a  Business   hbp://www.trilogyvc.com hbp://t.sina.com.cn/stevebell   hbp://stevebell.renren.com RenRen:    史蒂夫  steve  bell
  • 133. Startup - First Year   • 3 Startups - Less is More • What Trilogy VC invests in.....
  • 134. Steve  Bell   • B.  ChE  –  Georgia  Instute  of  Technology  1985   • Founder  /CEO  CORE  Products  GmbH   • Founder  /  CEO  SupplySoluon  Inc   • Founder  /  CEO  ShangBy  Inc.   • VC  –  Trilogy  Ventures  –  Founder  and  MD
  • 135. How much Startup #2   • 500,000 from trusted industry insider (angel) for 25%? or • 7,500,000 for TOP BIG NAME VC’s for 40%?
  • 136.
  • 138. Agenda   • 3 Startups - Less is More • What Trilogy VC invests in..... • University Students will start the biggest most important companies....
  • 139. Biggest Companies   Does past predict future?
  • 141. ✤  Only external proof matters! ✤  need 10,000,000 something (RMB, users)! ✤  show the business can be HUGE! ✤  before running out of money! ✤  “many tries” do do do do....
  • 142. Trilogy  Ventures  Criteria   • Great  Team  of  “   – Doers”   – Expert  –  know  the  customer   – Curious   • Speed  of  product  release  /  iteraon   • Low  spend  rate  -­‐  can  get  to  10,000,000     • Space  -­‐  Mobile/Web
  • 143.
  • 144. Don't invest here   Date: FEBRUARY 16, 2011 1:39:34 PM GMT+08:00 To: Stephen Bell steve@trilogyvc.com Subject: Re: Throw Out Your Business Cards, xxxxx iPhone App Is Now Live sure, but for 10x less we dont need investment, we can invest ourself And we can forget about a nice office, hiring 2nd group Eng people, all the symbian version, all the marketing, all the IP, legal and so on..
  • 148. Don’t  just  start  a  career   Start  a  Business   hbp://www.trilogyvc.com hbp://t.sina.com.cn/stevebell   hbp://stevebell.renren.com   RenRen:    史蒂夫  steve  bell
  • 151. SOME PAPERS South China Morning Post China Economic Review Gamasutra Baltic Observer China Tech News TechRice TechNode Games In Asia ( Tech In Asia) Articles on Tech Crunch and Venture Beat
  • 152. THE JOURNALIST Underpaid On deadline Pressured by Editor Juggling multiple stories Used to rejection by sources Paranoid that friends just want converage Telling the stories of others not their own Deals with critics, trolls and haters daily Credibility always on the line
  • 153. IF ONLY …..If only we can get media coverage Getting media coverage may not be the solution, it may even make your problems worse. It may crash your servers It will let the world know how unfinished you are The story may not be covered the way you want it The story may haunt you forever, the internet never forgets
  • 154. BUT IF YOU DO These are the steps to consider. 1)  Angle 2)  Contact 3)  Package 4)  Message
  • 155. ANGLE AND HOOK What will their readers be interested in? What will their editors approve What stories to they cover or have over-covered New features are not enough… What trend are you part of and represent Pitch a story , not a specification or announcement
  • 156. FIND A CONTACT WHO COVERS YOUR BEAT Make Contacts before you need to pitch a story Try to be referred Be a source and educate Introduce to others Create a relationship, not a one off free advertisement
  • 157. PACKAGE A STORY INTERESTING TO THEIR READERS 1)  A white paper 2)  An Infographic 3)  Some study or research 4)  Funding / Partnerships / Awards 5)  New Trends or unknown areas 6)  Events or Contests 7)  Pictures, charts graphs 8)  Ready made text or story 9)  Lists and Link baiting
  • 158. THE MESSAGE The Internet is forever Answer in Sound Bites Be a Knowledge Leader Don’t make a sales pitch Know your Goals Links, Videos and Demoes
  • 161.   Stand-­‐up  ß  à  Start-­‐up   What  Being  a  Stand-­‐up  Comedian   Taught  Me  About  Start-­‐ups     Richard  Robinson   10X10  Beijing   March  8th,  2014  
  • 162. • Co-founder of 5 startups – 3 exits, 1 mercy killing, 1 still active • Senior exec in 2 startups which went public • Advisor and/or angel investor in 15+ other startups • Loving China’s /Asia’s Geek-o-system § Co-founder and President, Yolu § Co-founder and Chairman (formerly CEO), Kooky Panda § Founder/CEO, Dada Asia acquired by Milan-listed Co. § Co-Founder, Shouji Mobile acquired by Tencent § Founder and CEO, MIG acquired by Glu Mobile (NASDAQ:GLUU) Serial  Entrepreneur  in  China  
  • 163.
  • 164. Asia’s 1st North American Comedy Show! è Focus on world-class, North American live comedy performances è Started in Hong Kong in 1998 è Expanded to major Asian cities in 2001 è Developed large loyal following in China
  • 165. Working with the Best in the Business World’s Largest Comedy Festival World’s Longest-Running Improv Troupe
  • 166. Top Comics from North America Russell Peters Louis CK Jim Gaffigan
  • 167. #1:  Fear       •  Chewing  glass   looking  into  the   abyss   •  Jumping  off  cliff   building  airplane  on   way  down   •  Catch  22   •  Seinfeld  eulogy   •  Failure  /  Bombing  –   only  mabers  how   you  react,  just   marinate  in  it  
  • 168. #2:    Small  Bets  /  Ship  Early  /  Ship  OEen   •  Users/Audience   Collecng  data   Live  Audience  
  • 169. #2:    Small  Bets  /  Ship  Early  /  Ship  OEen  
  • 170. #2:    Small  Bets  /  Ship  Early  /  Ship  OEen  
  • 171. #3:    AuthenGcity  /  Truth   And I thought, well OK, when you're done telling jokes about airplanes and dogs and you throw those away, what do you have left? You can only dig deeper, start talking about your feelings and who you are.
  • 172. #3:    AuthenGcity  /  Truth   •  Point  of  view  /  True  Voice   •  Truth  speaks  to  people   •  Go  to  your  passion  /  truth   •  Scratch  own  itch   •  Get  a  small  group  REALLY  into   what  you’re  doing  
  • 173. And I thought, well OK, when you're done telling jokes about airplanes and dogs and you throw those away, what do you have left? You can only dig deeper, start talking about your feelings and who you are.
  • 174. Thank  you  very  much!   I’ll  be  here  all  week.   Please  tip  your  waitstaff  ;-­‐).                            richrob@gmail.com                  @richardrobinson                    linkedin.com/in/richardrobinson