# Monday, January 05, 2015

Twenty years ago I quit the only “real” job that I ever had and started my first business. It was a pretty modest five person software development shop writing database driven applications and charging by the hour. My first exposure to Venture Capital and the high tech startup ecosystem was a few years later when the .COM era was in full swing. My consulting company wrote a ton of software for startups in exchange for equity. Then one offered to hire us full time; we accepted and I became CTO and my team of developers came with me. Then I flew out to Silicon Valley to raise Venture Capital on Sand Hill Road: Something I did not know anything about, but found exciting.


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We raised the money, built a business, and I never looked back. The startup I joined didn’t go public as we had planned, but we did eventually have the “exit”. It was 2002 and I had my first taste of the entrepreneurship bug. Over the next thirteen years I got to be the co-founder or very early employee of four more venture backed startups, all lucky enough to have an exit as well.


Over the past few years I had the opportunity to be part of the entrepreneur support system by doing a few angel investments of my own, sitting on some startup boards, mentoring startups at various accelerators, and co-founding and running an accelerator. It felt good to help entrepreneurs. As Telerik’s acquisition started to move from a discussion to a reality, I started to think about what would come next for me. As I talked with my friends and colleagues, they all gave me the similar advice: Jump right into another startup. Apparently they all think that I’m good at it. I started to think about what kind of startups I can start or join.

 

Then one day this past summer, I went up to San Francisco and had breakfast with a partner at SOS Ventures, then met up for lunch with Peter Thiel and a bunch of the 20 under 20 fellows (I’m a mentor there), then made it back down to Palo Alto and had dinner with a friend who is a partner at a fund on Sand Hill Road. The next day it hit me, I literally had breakfast, lunch, and dinner with a different VC. I decided then that I had to change my seat at the table so to speak and move from being an entrepreneur to an investor. The experiences that I had over the past 20 years of being an entrepreneur could be put to use over a larger surface area than just one startup.

 

I couldn’t go work for just any old VC, I needed to find a fund that had the same values as me: Entrepreneur friendly, international and diverse. I also needed the fund to a bit of a startup itself: I like to build things. Lastly, I needed to really like the people I would be partners with. After I thought about it in those terms, it was obvious to me that joining Fresco Capital was the right choice for me.

 

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I’m happy to announce that starting on Monday January 19th, I’ll be officially joining Tytus andAllison as part of the Fresco Capital team. I’ll be involved in all aspects of investment and operations with a specific focus on enterprise and IoT. Being based in Silicon Valley with two partners in Hong Kong reminds me of my last gig. I guess old habits die hard…


posted on Monday, January 05, 2015 12:45:16 PM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
# Saturday, February 08, 2014

What do I mean “Mobile apps are dead???” When I first started out as a developer in the client-server era, things moved slow. We dreamed of doing things faster. Then came the Internet and “internet speed.” That was crazy fast. Now in the device + cloud era, I think things are moving at ludicrous speed.

Technologies come and go. Look at Flash on the infographic below. Devices come and go, remember how big the Palm Pilot was? Just 4 years ago the Blackberry was the number one mobile OS and the iPad did not exist! Standards are ever-evolving (remember the Blink tag?) and can die when you least expect them. What about the death of MS-DOS and MySpace? We barely remember them as we will barely remember iOS and Facebook in 10 years.

The Telerik Platform is designed to be future-proof, encompassing the entirety of native, web and hybrid universes and puts app requirements ahead of the development approach. It enables developers to create awesome experiences perfectly optimized for every app and every screen, today or in the future.

With the Telerik Platform, developers can focus on what an application should do first and then choose the approach that best balances cost, development time, reach and access to device capabilities. I’m happy to announce our new Telerik Developer Platform, which breaks down the silos of mobile apps. Mobile development will never be the same, check it out today at www.telerik.com it’s been 10 years in the making. ☺
Attend our keynote on Wednesday Feb 12, 2014, register here: www.mobileappsaredead.com

posted on Saturday, February 08, 2014 11:13:36 PM (Eastern Standard Time, UTC-05:00)  #    Comments [1] Trackback
# Monday, October 07, 2013

MACH5

After running two successful batches of the mobile focused AcceleratorHK in Hong Kong, Telerik is announcing the Mach5 Accelerator in Silicon Valley. Mach5 will focus on startups doing HTML5 Web or Mobile development using our HTML5 framework, KendoUI.

The accelerator will be located in our office on University Avenue in Palo Alto, the heart of Silicon Valley. We’ll run from January 6th until April 11th, 2014. Applications are open until November 22nd for the first batch: apply here.

The batch will be small, only three teams, but the benefits are huge. Besides office space, you’ll have a great 14 week program complete with Silicon Valley mentors, up to $25k USD investment (in exchange for 4%-6% equity), and a customer development and MVP boot-camp.

Telerik resources are at your disposal too. In addition to the mentors from Silicon Valley, Telerik will provide a senior developer from our Professional Services team onsite for a few weeks of the program to help the teams get started. In addition to the techie help, our demand generation, community, and “growth hacker” experts will provide assistance to the teams. While you are in the Valley for the program, tap into our Silicon Valley staff’s vast network. Lastly, our Video Production team will assist with some high quality videos for the teams to use in their marketing and fund raising campaigns.

The best applicants are two person startups with one techie and one business person doing HTML5 development willing to relocate to Silicon Valley for 14 weeks and work on the startup full time. Applications are open until November 22nd for the first batch: apply here.

posted on Monday, October 07, 2013 10:34:24 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
# Tuesday, September 03, 2013

In case you missed AcceleratorHK Demo Day 2, the videos are now live. The entire video roll is here (about 1 hour) and the individual team links are below the break. Enjoy!

Individual team videos:

Verybite

Gyaan Tel

DooD!

Sofly

iceVault

Captain Planner

posted on Tuesday, September 03, 2013 4:42:25 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
# Tuesday, August 13, 2013

Last night in Hong Kong was the cohort #2 Demo Day! Over 150 people braved severe Typhoon Utor to make their way to The Good Lab for Demo Day 2. We squeezed about 120 into the main theatre and about 30 or so in the live streaming in the kitchen area of the Good Lab.

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The teams were hard at work but we all gathered at show time and did a shot of Port compliments of the Portuguese team. I tried to say something motivation and semimetal, but all I could say over and over was “I’m proud of you guys.”

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After a brief intro by Tony at the Good Lab and a photo slide show, I did a brief introduction. I fooled the audience into thinking that I made a typo on a slide with the wrong date, I had August 13 2012 on the first slide since one year ago to the date I began the Accelerator journey when my board approved the project. Quite fitting to have our second demo day on the one year anniversary.

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The teams did amazing! Here is the rundown:

  • Verybite: healthy home cooked food delivery service
  • Gyaan Tel: mobile data analytics for emerging market retailers
  • dood! Our 100% local HK team with a photo sharing app that turns your photos into gifts
  • SoFly: second screen and TV show tracking
  • iceVault: offline storage for your online assets. Starting with Bitcoin.
  • Captain Planner: online travel at the click of a button (really.)

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After the presentations we had a networking event and each team had their booths set up. Despite the looming T8 typhoon, I had to kick people out of the Good Lab after two and a half hours.

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Of course we had the all-important after party in LKF. By now the Typhoon had hit in full T8 force, at one point we took to dancing in the streets in the typhoon’s monsoon rain.

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Stay tuned for the videos and interviews to be posted here in a few weeks.

My journey at AcceleratorHK ends here. I’ll be moving to Palo Alto and running an accelerator this fall in Silicon Valley. Stay tuned as Paul and I figure out how to make cohort #3 of AcceleratorHK!

posted on Tuesday, August 13, 2013 11:36:37 PM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
# Sunday, August 11, 2013

We have just completed the final week of AccleratorHK, the hardest week of them all. Last week was the week where the teams had to run their businesses, review and sign all of the investment paperwork from Telerik, and prep for Demo Day!

For prepping, we have two mentors come in this week and work with the teams. In addition we had three members of the past cohort come in and work on the presentations. Finally we had our last Friday check-in where I got to weigh in for probably the last time on the presentations. All in all, that was at least six practice runs with structured feedback. The teams are ready for Tuesday.

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Later in the week we had the Demo Day film team arrive and Gerard filmed each team’s interview. These interviews will be used by each team as they leave AcceleratorHK and take their businesses to the next level.

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Lastly, we had Charlie Sheng from TechNode some in and interview all six teams for two stories, one that will be a write-up for startupshk and one for a story about Demo Day, AcceleratorHK, and the startup ecosystem for TechNode. Stay tuned…

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posted on Sunday, August 11, 2013 4:53:20 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
# Saturday, August 03, 2013

This was the last “normal” week at AcceleratorHK, normal being that we have our scheduled program 1:1 meetings, mentor visits, Friday check-in, and other activities. The following week will be the final week to prep for Demo Day, which is on August 13th.

One more team released an MVP! Icevault, Offline storage for Online currencies. You can easily sign up: a bitcoin address will be generated for you right away - and the private key securely saved offline and encrypted for you.

We had a great mentor come in and visit us. Michele Leroux Bustamante came in and spent about an hour and half with each team over two days, plus sat in on the Friday check-in and provided valuable feedback to the teams on their presentations.

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Michele had her original flights rescheduled due to a foul up in San Francisco so she extended her trip until Saturday and we all got to spend a little more time with her. That means she got to get down as the teams blew off some steam in LFK on Friday night. Smile

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This coming week is the last week of the program! We will have five different people come in to spend time with the teams practicing their Demo Day presentations, all while trying to continue to build their products! It is crunch time to say the least.

See you all at Demo Day on August 13th!

posted on Saturday, August 03, 2013 11:33:25 PM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
# Saturday, July 27, 2013

As the program is driving to the Demo Day finish line, we had an action packed week at AcceleratorHK! All six teams have an MVP that is up and running. You can check out three of them here:

We also had Hristo Neychev come in and spend a few days mentoring with the teams. Hristo works at Telerik as the PM for Icenium and has a lot of mentoring experience with startups at Launchub, an accelerator in Bulgaria. He spend an hour or two with each team as well as extra time doing customer development of his own with the teams and other companies in Hong Kong using Icenium. Hristo also mentors teams on startup presentations, so he worked with each team on their presentations for 30 on Friday before Prototype Day.

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On Friday we had our second (and last) “Prototype Day” when the teams make their Demo Day presentations to a group of mentors and have live Q&A on their business model. This is different from each of the Friday check-ins that we do when the teams may present on what they have done the prior week or practice their investor or potential customer pitch that they may be doing that week. We had five awesome mentors come on in to listen to the presentations and provide feedback:

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The teams made pretty solid presentations and got a lot of feedback. Demo Day is only 2 weeks away and the teams should all be ready! Unfortunately Friday was Paul’s last day at AcceleratorHK. Sad smile After Prototype Day we went out for a few drinks to wish Paul well in his new life in LA.

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Demo Day is August 13th, register here! See you all there…

posted on Saturday, July 27, 2013 9:58:39 PM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback