# Thursday, January 31, 2013

As the AcceleratorHK cohort teams are rounding out their Demo Day presentations, I am proud to announce that Paul and I are running a new (semi) Virtual Accelerator focusing on Win8 App development.

The focus of the accelerator is early stage startups who are willing to work on their business full time.  As always our preference is for a two person (or more) team that has at least one techie and one business co-founder and is willing to work on the project full time.

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The selected company will receive a $30,000 (USD) investment (for 4%-8% equity) from Telerik and be put through a 14 week program starting with an intense week onsite in Hong Kong alongside the next AcceleratorHK cohort working on customer development. (We’ll pay your airfare and housing for the week in Hong Kong in addition to the investment.) After the week in Hong Kong the team will return home (or decide to stay in Hong Kong, but it will have to come out of the $30k Smile) and do the customer development process with guidance from the Accelerator virtually. At then end we will help you launch your product to the world and have your business take the next step.

The application is here, apply today! The deadline is March 15th. The world famous Robert Scoble is helping determine the company that is accepted.

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Update 04 Feb 2013

Originally I wrote that there was no equity taken, that was my mistake, we take between 4% and 8% equity for the $30,000 investment. Sorry for the confusion.

posted on Thursday, January 31, 2013 8:15:33 PM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
# Wednesday, January 30, 2013

During the past two weeks, the AcceleratorHK cohort has been hard at work finalizing their offerings and building their Demo Day presentations. Paul and I have been meeting with some teams two or three times a day working on everything from the their MVPs to their slides and presentations.

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We had a lot of mentors come in including Tytus Michalski, Richard Campbell and Remi Caron. The mentors were helping the teams out during the “crunch time”.

During all of this excitement, we had a visit from Telerik! Three of the four co-founders of Telerik came in to visit the accelerator last week as well as a number of VPs and BizDev folks. The teams got some awesome advice from the group and one even challenged the CEO of Telerik to ping pong (and lost!)

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Lastly, the cohort and 18 people from Telerik blew off some steam at Happy Valley Racetrack for a social. I won $500! Smile

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Next week is Demo Day and the end of the formal part of the program. Stay tuned for an update on Demo Day!

posted on Wednesday, January 30, 2013 10:29:09 AM (Eastern Standard Time, UTC-05:00)  #    Comments [2] Trackback
# Saturday, January 12, 2013

After two weeks off for the holidays, the cohort at AcceleratorHK was back at work this week. We started the week off right with the 1:1 meetings. The teams are starting to spend more time building the apps and preparing for Demo Day, which is going to be held on Wednesday February 6th. Less than 4 weeks away!!

We also had a great visit by mentor Jochen Kleef. Jochen has vast experience as an entrepreneur as well as an investor so the questions asked to Jochen were vast.

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We also had a social where we went for Korean BBQ and raced the taxi team to the restaurant on an overcrowded tram.

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The tram team won. Smile 

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We rounded out the week with the first attempts at Demo Day presentations on our Friday presentation day. The teams are starting to get the format down and the message that they are trying to deliver.

I walked them through the flow of a prefect presentation for Demo Day: one that has contrasts (between what is and what could be or between good and evil, etc) as well as a clear start, middle, and finish (call to action)  with clear turning points. This is called a sparkline of a presentation. We had the whole room try to guess each presentation’s turning points as well as their call to action (last part). The presentations are getting there. Smile Stay tuned…

posted on Saturday, January 12, 2013 5:46:27 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
# Monday, January 07, 2013

During the holidays AcceleratorHK shut down and some of the cohort went back home to visit family or just get some well deserved rest. (Others went to Macau for the New Years, enough said..) Everyone starting arriving back in Hong Kong on the 1st so we decided to stretch the legs and get some good fresh air before we went back to work hard core on Monday. A bunch of the members of the cohort went for a scenic 25km/15m hike in the Sai Kung region of Hong Kong on Saturday.

We started off with an easy 10km hike to Long Ke beach, a very secluded beach, even in the summer. The only way to get there is by boat or to hike in.

This is where we decided to start the Hong Kong chapter of the Polar Bear club. The Polar Bear club jumps into the ocean each year on January 1st, even if there is snow on the ground. Usually the water is very cold in the winter and the polar bears members are hard core. Since Hong Kong is a sub-tropical island, the outside air temperature was about 65F/18C, but we stripped down to our underwear anyway and jumped in. Yes it was cold!

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We then walked for another few hours and had some of the most amazing views that Hong Kong has to offer of the Sai Kung peninsular.

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Finally we descended onto Sai Wan beach and had a well deserved lunch. 25km of hiking makes you hungry!

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We’ll get back to Customer Development, MVPs, prototypes, raising seed capital, demo day preparation all on Monday…

posted on Monday, January 07, 2013 8:27:21 AM (Eastern Standard Time, UTC-05:00)  #    Comments [1] Trackback