# Sunday, May 26, 2013

This week was “Get the Hell Out of the Building” week with a focus on Customer Development. Most teams went out and started to talk to potential customers about their offerings. We had a mentor, Joel Semeniuk, come in and spend all week with the teams to work on customer development and their business model canvas. He spent a few hours with each team working on how they can go out and do customer development.

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In addition angel investor Tytus Michalski came in to mentor the teams this week as well.

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After hours we had a social event on Thursday. The entire cohort attended the launch party of a cohort #1 team, SurroundApp. Earlier in the day, some teams got to meet with Remi Caron, a mentor, but also the CTO of SurroundApp.

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This was a lot of fun because most of cohort #1 was in attendance. When the drinking went late into the night, the cohort #1 folks started to warn cohort #2 of what happens when you come unprepared for the Friday Check in the next day. In addition as the night progressed (and the beers flowed) we had everyone come up and do their elevator pitch, even the guys from cohort #1. Always be prepared!

The team from Portugal, started to mingle with the locals. Smile 

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On Friday we had our first “Friday Check In”. At this meeting we have each team do an elevator pitch and we all evaluate it as well as give pointers. The group took the constructive criticism very well. We also did a “scrum” where each team spoke about the week behind and the week ahead as well as committed to the dates of their weekly mentor email.

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Lastly, each team did their 10/20/30 pitches. Yes, we do them starting on Week #2! (Now you will appreciate how much work goes into demo day!) We had two mentors in the room (Joel and Marcel) giving feedback as well as Paul and myself (and the other cohort members.)

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This week we have a technical mentor coming in, a field trip visit to Makible (a HK startup building the Makibox, a $200 3-D printer), as well as some agile training (which is open to the public). The week will continue to focus on customer discovery and validation. Stay tuned…

posted on Sunday, May 26, 2013 4:13:47 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
# Thursday, May 16, 2013

I can’t believe that after the months of the planning and reviewing of applications the Accelerator has already started up again. I also can’t believe that week 1 is already over! The next 13 weeks are going to just fly by.

We have a total of six teams doing cross platform mobile development. The teams are working in the following spaces:

  • Media/Second Screen Applications
  • Micropayments
  • Travel
  • Logistics
  • Social Media
  • Virtual Currency

Week one was great, we had orientation and discovered we have team members from four continents and born in the following countries: Argentina, France, Portugal, Malaysia, Indonesia, USA, UK, China, Canada, HK, and Russia.

After Paul’s overview of customer development, we broke up the teams into four groups and gave them a startup weekend style assignment to work on a business model and customer development exercise in the following four categories:  mobile health, language learning, dating, and fashion. We split up each team so no co-founders are on the same team. After two days or so of doing customer development we had the teams come in and make a presentation in front of a panel of judges (made up of four mentors of the program.) One team had projection problems so we made them “be agile” and present without slides. Smile

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The winning team won an expensive bottle of Sake and chocolate. (The only judging criteria was which team did the most customer development.) I kind of guilted the winning team to share the spoils with everyone. Smile

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After the mini-startup weekend/customer development exercise, Paul hosted a customer development seminar at the Good Lab. This was open to the public and some members of the previous cohort came by for the seminar as well.

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We also had our first mentor come in and visit us! Vinod Menon came in to speak with the teams today. As the founder of Knowledge Works, Vinod runs an Accounting as a Service (AaaS?) company and spoke about the ins and outs of incorporating in Hong Kong.

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Being a short week (Friday is a public holiday in HK-The Buddha’s Birthday!) we had our founder talks and Friday check-in on Thursday. We learned a lot about each other this week.

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We also all went to a local HK meetup, TDHK for our first social. It was suggested that we do the founder talks next week at a bar, to get better stories.

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Now time to get cranking on the projects! Stay tuned for the next update….

posted on Thursday, May 16, 2013 7:55:03 PM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback