Sunday, April 14, 2013

6 Key Takeaways from Startup Asia 2013

I visited the Startup Asia 2013 event (organised by TechInAsia) recently in Singapore, which ran from the evening of 3 April (pre-event) to the night of 5 April (after-event dinner). Chock-full of market data from the neighbouring markets, marketplace of big ideas from startups, valuable lessons and advice from successful entrepreneurs, luminary quips (albeit at times with wry humour), it was a jam-packed startup event spread over 3 storeys of panel discussions, interviews, demo booths, startup pitches and countless networking opportunities. Bringing together VCs, incubators, social media marketeers, entrepreneurs, startups and more from all over the region in Southeast Asia and beyond, while everyone recognised that Southeast Asia is evolving to be a hotbed for mobile internet innovation, this wave is not coming without its hosts of challenges like payment, logistics, ecosystem support.

Here are the 6 key takeaways I put together from my experiences in the Startup Asia event 2013.

1. Develop Vertical Communities to build Commerce opportunities

2. Enriching Your Communication Experience

3. Consolidating and Sharing Media Quickly

4. B2B and B2C Loyalty is trending

5. Utility tools over Cloud as a service to drive SME productivity
6. "Keep the fire in your belly"
  • With every new business that one ventures into, there will never be any certainty in the product development, take up and performance. The important thing is that entrepreneurs need to stay bright-eyed in their outlook.
  • Chua Kee Lock, Group President and CEO of Vertex Venture Holdings, offered the following golden gems:
    • "Are you trying to win, or not to lose?"
    • "An entrepreneur needs to be arrogant, but also willing to listen."
  • Last but not least, Loo Cheng Chuan from Local L!fe, SingTel Digital Life Group rounded up his presentation about the 9 shocking truths about Silicon Valley with the following quip "Keep the fire in your belly".
Whilst the Startup Asia 2013 event in Singapore was a great platform and meeting of minds for the startup community in the region and beyond, it would only serve as a precursor for more exciting things to come for the business ideas and performances of many of the bright minds I have had seen and had conversations with.

In closing, to all startups and entrepreneurs out there, Keep on going ... Don't lost hope. You never know what tomorrow will bring.

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