APPENDIX
ARTICLE 1
Top 10 cities in the world to launch startup:
Sofia, Cairo, London, Tunis, Sydney, Bangalore, Moscow, Warsaw, Kuala Lumpur, and Beijing.
Kuala Lumpur:
- It is much cheaper in cost of living than Singapore.
-Many startups living in Thailand or Malaysia but incorporated in Singapore.
- Good test market as larger than Singapore and 3 different major origin nationalities present: Chinese, Malay/Indonesian and Indian.
(Extracted from: http://www.forbes.com/sites/amyguttman/2015/11/29/top-10-cities-in-the-world-to-launch-your-startup-some-may-surprise-you/, retrived on 25-11-2015)
ARTICLE 2
Idea Stage:
Facebook started with Mark Zuckerberg as a 19-year-old 2nd year student of Havard on February 4, 2004 launched the site called “thefacebook.com”. Until 2015, the site has now visited by 1.55 billion people each month. A week after he launched the idea, he was accused stolen idea from the seniors. Mark and Facebook was sued for theft and fraud starting a legal odysseys continues to today. First, Mark was meeting his seniors Cameron, Tyler and Diya in Dining Hall of Havard College where they brought up their idea for Havard Connection. However Mark appear to have turn from someone eager to develop Havard Connection to some stalling development of Havard Connection to build a competing site and launch it first according to article.
Investors & Partners:
Former PayPal CEO Peter Thiel become first Faceook’s investor with $500,000 investment at 5 million valuation in September of 2004. In April 2004, Eduardo, Mark’s classmate invested $15,000. Then, Mark found coding partner named Adam, they built a program called Synapse. Eventually Adam become Facebook’s CTO.
Startup:
On 11 January 2004, Mark registered domain THEFACEBOOK.COM and opened to Havard students. Five years later, Facebook has 300million users and $500million in revenue, become a massive global enterprise. From dorm room to Sillicon Valley.
ARTICLE 3
The Future of Facebook:
“Mark is fixing stuff.” – McCracken. Detect the glitch on Facebook, where Mark’s personal goal is to code everyday at 2012.
Currently at 2015, there are 1.55 billion Facebook users, 900 million Whatsapp, 700 million Messenger, 400 million Instagram, 45million small and medium businesses using pages, first unnamed aircraft to beam down internet, first launched satelite to provide internet, digital assistance powered by AI, and gear VR consumer released.
Mark betting future on 3 major technology initiatives: advanced artificial intelligence to understand what matters to user, virtual reality and bringing the internet to 4 billion humans unconnected. “Facebook’s mission is to give everyone in the world the power to share and make the world more open and connected.” –Zuckerberg
Recruiting Spree: At 2007- 2008, the company hired more players with serious Silicon Valley Experience. At 2012, Facebook bought Instagram, left the cofounders in charge and gave them access to Facebook recruiting team to spam-fighting technologies. In early 2014, Facebook acquire WhatsApp and Oculus.
“Very few people thought it was going to be a good business early on, which is why almost no one else tried to do it.”- Zuckerberg.
The board asked Mark: “You’re going to spend how many billions of dollars on this? And how it is going to make money?” Mark said: “Well, I don’t have a direct plan now, but I just believe that if we connect these folks it will be good. And it will help those economies grow. And those people have better lives. And I think some portion of that will come back to us over some period of time.”
ARTICLE 4
How to start a startup
-Live in the future. Big startups based on ideas of obvious and hard.
-See what is missing in the world.
-Write it down.
-Make a prototype.
-Show the prototype to 100 people.
-Iiterate. Prepare to redo.
-Find a co-founder
-Register your business.
-Look for funding and build first version.
-Launch.
-Follow up with users. Check if users are coming back and the reasons not.
-Launch again.
-Get to 1000 users.
-Grow. Grow at least 5% a week.
-Success.
ARTICLE 5
Journey to be a technopreneur startup in Malaysia:
-Giving up steady income, learn how to code.
-Sign up MaGIC’s Web Development Bootcamp for coding skills.
-Meeting with like-minded and inspiring people through the program.
-Realising that tech startup explosion is real through the success of BeMalas, Kfit, Kaodim, FashionValet and so on.
-Government heavily supporting the startup community by setting up agencies like Cradle Fund and MaGIC.
-Life as a technopreneur is hard but rewarding. They tend to be introverted, talk to them regularly, you find cool and super-intelligent people.
-Brilliant startup seldom have enough capital but almost always have awesome committed team.
-Find a technical co-founder who shares your ambition. MaGIC provided the platform.
-Being startup means having to take role of sales, HR and finance. Even with support from MaGIC and mentors, startups still struggle to find it easy.
-No such thing as work-life balance. Startup becomes your life, will be working weekends and weeknights voluntarily. Spending days and nights building product, launching it into the market and having first subscription or order.
-Cost of creating and running a startup include: data gathering, prototyping, marketing costs, legal fees and self development.
-Assembling a team of like-minded people and budget bigger into self development and tool helping productivity help stabilize and commitment into running a startup.
-Founders of early stage allocate equally into networking and development. Looking for investors or potential co-founder.
-Develop certain skill sets and mental fortitude for future and startup to grow.
-Friendster didn’t deter Facebook from doing same thing. Facebook improved the user experience and pushes multiple update patches per day improving products based on user data.
ARTICLE 6
These are the examples of Malaysian top 15 startup and their ICT product:
1.Be Lazee or Be Malas: SMS-based concierge service
2.Zoposh Malaysia: allows users to search up their desired property/home
3.Table App: online reservation services for restaurants
4.ServisHero: allows users to find a person to manage odd jobs such as a maid, music tutor, and many more
5.Offpeak: allows users to score discounts whenever they dine at restaurants during their off-peak hours
6.KFit: perfect platform for fitness junkies because it connects users with the best workout places within their area
7.Tumpang: providing one that offers passengers a flat rate fee of only RM5.
8.Door2Door Doctor: services to patients 24 hours/7days a week, inclusive of house call doctors, private nurses and even home physiotherapy
9.Carsome.my: allows users to purchase their cars online
10.TheLorry.com: a company that is essentially a “lorry for hire” service, perfect for people looking to transport their goods from one location to another.
11.Shoppr: allows users to get the exact info on the outfit that they saw online
12.Wobb.my: allowing others to have a look at what companies are doing, and the basics of how they operate
13.Kaodim.com: allows users to find/hire someone to complete a task for them, inclusive of services such as renovation and photography.
14.Slurp: cloud-based iPad point-of-sale (POS) system which provides for the F&B retailers in Malaysia, hence expediting on the job of waiters
15.GigFairy: the platform so people can easily book their favourite musicians for events and in turn, these musicians can score themselves a gig opportunity.
ARTICLE 7
The Malaysian Government and related agencies have banded together to create vibrant start-up environment with facility range from supporting policies, funding opportunities, physical infrastructure and business advisory services. Examples: MaGIC, Cradle Sdn. Bhd. and the Multimedia Development Corp (MDeC).
In Budget 2015, Small and Medium Enterprises (SME) investment Partner programme provide assistance in start-up capital, initial fund of RM375million allocated for period of five years, RM10 million allocated for Business Accelerator Programme.
According to the startups, the need of support are in terms of knowledge in running business, mentorship, initial capital, demand and awareness on technologies, and so on.
Cradle Investment Programme (CIP) Catalyst offers conditional grants RM150,000 in 2 tranches of RM100,000 and RM50,000 to groups of innovative individuals with technology-based ideas in the ICT, non-ICT and high growth technology industries. Each team must have at least 2 to 5 members. With the funding, given 18 months to complete the prototypes or proof-of-concept, will not obligated to repay Cradle. Have to repay if: Further funding or sales contract worth of RM500,000 within the Ideas Bank Stage, failed to complete the business plan or prototypes that committed, and wish to withdraw from CIP during implementation.
ARTICLE 8
Important information from article:
-There is a potential to setting up more technology centre at the TPM.
-TPM currently offers 2 years lease renewable contract for office premise of various sizes.
-The existing population in TPM is about 12,000 people.
-Success rate for companies under incubation is low at about 20%.
ARTICLE 9
Important information from article:
-Most common complaint is lack of cooperation with local universities.
-Some tenants think that TPM is just like a property developer leasing out office space to companies.
-Tenants on TPM are not permitted to use Resource Centre created for TPM management.
-TPM offers: enterprise, incubator and innovation house. By 2008, total number of tenants in all its housing is 160 companies.
-Total office space available for rent is about 113,800sqft and rental charge is RM3/sqft. By 2008, the TPM incubator had reached full capacity and had several potential client at waiting list.
(Extracted from: https://dspace.lboro.ac.uk/dspace-jspui/handle/2134/6792
, retrived on 25-11-2015)
ARTICLE 10
Tech industry mostly is the cool place to hang out for anyone under 30.
The older workers are getting left out.
The youth loving culture of silicon Valley is not a myth.
Examples:
Median Employee Age
Facebook = 28
LinkedIn = 29
Google = 30
Dell = 37
IBM = 38
Oracle = 38
Hewlett Packard = 39
Older more established tech companies have older workforce.
(Extracted from: http://www.businessinsider.my/facebook-linkedin-salesforce-workers-2015-11/?r=US&IR=T#PJL5XwZbLph2mjpB.97, retrived on 25-11-2015)