6 Start-ups from Echelon 2011, Playmoolah is the Winner

This post was contributed by Johnson ZeCheng, an Information and Systems Management student from Singapore Management University.

At Echelon 2011 held in Singapore, a web and mobile start-up competition was held. To unearth the start-ups, Satellite events were held in Singapore, Kuala Lumpur, Jakarta and Hong Kong where start-ups could pitch their idea. From 40 companies, the top 10 were chosen.

Here are 6 of the top start-ups.



 

 

 

PlayMoolah is the Launchpad winner of Echelon 2011. It is a lively educational portal targeted at kids aged 5 to 11. This platform aims to equip children with finance knowledge which is not usually taught in school

Kids can gain finance knowledge through different channels such as interactive games and quizzes. Points can be used to exchange for prizes or allowance from parents and will be given out based on the kids’ performance. Parents have their own portal from which they can monitor their kids’ progress on a weekly basis.

The website is currently in a private Beta and the completion of a questionnaire is a prerequisite for invitation.

 

 

 

 

Pigeonhole is a simple real-time conference Q&A tool on the mobile which ‘Echelon 2011’ employs for Q&A engagement between speaker and audience.

No registration is required to use the service. Once the event passcode is entered, the attendee will be directed to the event’s homepage where they are given a certain amount of points that can be used to ask questions and vote for others’ questions. The questions with the most number of votes will be answered first.

Currently event organizers have to send an email to request for Pigeonhole’s service. However, they will soon come up with an online portal to deal with customers’ request at ease.

 

 

 

 

A good application essay is the key for entry to top universities in western countries. However, writing an application essay has always been a pain for most Taiwanese students.

Top Admit aims to solve this pain point. It is a start-up based in Taiwan and committed to provide professional editing services to improve their clients’ essay substantially.  At the back of the company is an editing team comprising of alumni from top universities like Harvard and Stanford. Although the company is based in Taiwan, it has large exposure in mainland China as well, where half of its revenue comes from and uses Alipay, the Chinese version of Paypal.

 

 

 

Tribute Balloon is a web community which allows people to share stories and create tributes for loved ones in a bid to raise the awareness of their cause.

Users can launch a balloon with a short story attached to it. After launching, the balloon will be ready to travel around the world. People who are moved by the balloon story will grab and pass the balloon along and thus have the story heard by the masses.

Over 7 million people have used ‘Tribute Balloon’ and it’s now also available on the iPhone and Andriod devices.

 

 

 

Pointstar is the cloud consultancy which is committed to provide tailor-made cloud solutions that are in line with the business goal and needs of customers.

Among the many services that Pointstar provides, ‘cloud implantation’ is the hottest. The ‘cloud implantation’ helps companies to shift their old systems to the cloud through a systematic approach which includes three simple steps: set up the necessary spaces in the cloud; migrate the data from the existing system to the cloud and craft the cloud infrastructure to ensure the smooth flow of the process.

And when necessary, Pointstar will also help to integrate companies’ legacy applications with new cloud systems.

It has now served over 200 clients in various industries and successfully migrated data from different legacy environments such as Lotus notes, Domino and Microsoft Exchange to the cloud.

 

 

 

Justaple is a cloud service that can help users to archive their favourite web pages.

It exists in the form of ‘extension’ in Google Chrome and ‘plug-in’ in Firefox so that archiving one’s favourite web page is simply one click away.

In the latter phase of the project, they are going to have their own browser whereby users can refine their search results by leveraging the archived database stored in the cloud.

The team has an ambitious vision in building up the largest filtered internet information database in the world and thus optimize the users’ surfing and searching experience.

 

Related posts:

1. Startups get ready for launch at Echelon 2011 in Singapore
2. Lessons from Successful Technopreneurs at Echelon Singapore 2011
3. The Chinese Internet Companies Most Likely to Be Listed in Oversea Stock Market in 2011

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Lessons from Successful Technopreneurs at Echelon Singapore 2011

This post was contributed by Johnson ZeCheng, an Information and Systems Management student from Singapore Management University.

Undeniably, we are living in an era where technopreneurship is highly appreciated. The success of many western internet companies including Facebook, Linkedin and Twitter triggers man youngsters’ desire for success. While many ambitious youngsters are not lacking in passion, there is only a small number that finally reap the fruits of success.

So, what exactly is the secret to a successful start-up company?

While one’s success is not guaranteed, some invaluable insights from people who have done it before can benefit us.

At Echelon 2011, I had the honour of interviewing Derek Sivers (founder of ‘CD baby’), Mark Hsu (renowned serial entrepreneur) and Jeffery Paine (founder of ‘Founder Institute’).

Here are the valuable insights I gained from talking to them:

Nobody can predict the future!

Probably the most frequently-asked question at every IT conference is “What are the IT trends in the years to come?” Regarding this million-dollar question, Mr Sivers gave a concise answer, “I don’t know!”

Back in 2004 when Facebook was first launched, was there anyone who prophesized that SNS was going to be the next big thing? Was there anyone who predicted that Facebook would become a $50 billion business? Did anyone foresee that a simple SNS website could post such a big threat to Google, the seemingly unbeatable internet giant?

While it’s true that many internet giants are currently flocking into white-hot businesses like cloud computing, e-commerce, SNS and mobile apps, entering these emerging areas blindly does not necessarily increase one’s chance of success. The core of internet business neither lies in the complexity nor the novelty of technologies. Instead, as Mr Sivers emphasized, it is the amount of value, happiness and the stickiness that a company creates for customers that matters the most.

Stop dreaming and take action!

As the saying goes, “Good ideas are common, what’s uncommon are people who will work hard enough to bring them about!”

Too many ambitious youngsters stay at the stage where they keep dreaming without having the courage to take the first step. This inactivity is so detrimental that it will gradually diminish the inspiration of these potential technopreneurs and lead them on the path to mediocrity.

We are living in an age where resources for start-ups are unprecedentedly accessible. A plethora of opportunities are out there for grabs. Hence, one should take the initiative to participate in different events, immerse themselves in idea brainstorming sessions, expand personal networks and pitch for funding. The originally far-fetched goal could become more and more achievable by doing so.

Moreover, don’t wait until everything is perfect to start building your business. Instead, the “3A” philosoph of, “Aim, Adjust, Aim”, should be employed. Start weaving your dream once a basic plan is in place; learn lessons from mistakes, adjust the strategies along the way and continue moving forward.        

Circle of humility

To my surprise, most of the leaders who I interacted with were very humble, which reminded me of the story of “circles of knowledge” and “boundaries of ignorance”. The more one knows the more one realizes how much one doesn’t know and thus end up being more humble.

There is a limit to a person’s capability, no matter how versatile he or she may be. Since different people have different areas of expertise, a sole person can’t compete with a team whose competencies complement each other.

According to Mr Sivers, “Humility is of extreme importance in doing business. Founders should be honest to their own strengths and weaknesses because they don’t have the answers to everything!  In the face of difficulty, they should be willing to seek a mentor who is more experienced than them!”

Being humble and open-minded is critical for every start-up as it allows you to see your true self and thus help you benefit from the right teammates and mentors.

Be patient to reap the sweet fruits of success!

The last tip is to be patient. Contrary to popular belief, the return of investment (ROI) of internet-based business is relatively slow. In this case, companies should hold onto their vision and focus on creating customer value rather than giving up easily or sell the company at the infancy stage. When the time is ripe, you can monetize handsomely from your business and taste the fruits of success.

 

 

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1. Startups get ready for launch at Echelon 2011 in Singapore
2. Planet of the Apps Asia, 8-10 June Singapore
3. The Founder Institute Expands To Singapore To Boost Local Startups Ecosystem

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ex-Livedoor CEO Takafumi Horie’s Last Nude! Before Imprisonment

ex-Livedoor CEO Takafumi Horie, aka Horiemon, who had got over 2 years imprisonment, broadcasted his road to jail on Nico Nico Live(Namahousou), but his desire for exhibitionism seems beyond that.

"Horiemon Rasuto Gurabia" (Rasuto=Last, Gurabia = photo sets came from gravure magazine) article was published in Weekly Playboy issued today June 27.

photo: tenmuss's twipple

ex-Livedoor CEO Takafumi Horie’s Last Nude! Before Imprisonment

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Youku’s Focus in The Next 5 Years

Gu Yongqiang

Youku CEO Gu Yongqiang blogged his video platform’s focus in the next five years recently——continuously improve user experience, enhance brand awareness and cooperate with television networks and film studios to achieve win-win situation.

Here is what Gu wrote on his blog:

We are preparing for the next five years with huge platform traffic, large user base, solid technology products, good content repository, productive marketing and monetization model and ever-growing brand advantage etc.

In the next five years, the video sector will enter an age that emphasize user-orientation, brand and interaction, therefore Youku currently focuses on:

Firstly, we will continue to improve user experience and invest in various fields including technology, products, cooperation and our own video production. We want to be the biggest internet buyer of copyrighted movies and TV programs in China, while reinforce our leading position in variety show video, and experiment with “Youku productions” based on the features of internet-connected TV.

For example, in order to meet the users’ needs, we will build special video search engine and expand to mobile and tablet area.

Secondly, we will enhance brand awareness of Youku. Our image could be summarized as ”healthy，true and dream-realizing”. We believe Youku will enhance brand awareness and create more value for our users.

Thirdly, we are going to deepen and expand our cooperation with TV networks and film studios in the next five years, and maximize the value of our platform.

It is worth noting that on June 20, the day before Gu Yongqiang’s announcement, Sohu had just launched the“7 movies”project  which aims to produce its own “fancy” block-busters. Actually , most video Site heads come from Sohu, like Gong Yu(Qiyi), Li Shanyou (Ku6), Wang Jianjun (56.com) , Zhanghe (Joy.cn), Zeng Hufu(OpenV) as well as Gu Yongqiang .

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1. Youku Launches Video Searching Engine Soku.com
2. 56.com Has Breakeven for Two Quarters, IPO Within Two Years
3. With Soku, Youku Wants the Video Search Market Competing with Baidu

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Startup Roots Speaker Series: Fireside Chat with Bunnie of Chumby

Next up in the Startup Roots Singapore speaker series is Andrew ‘Bunnie’ Huang, Co-founder of Chumby. The fireside chat will start at 7pm.

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Event Details

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When: Thursday, 30th June 2011
Time: 7-9pm
Where: HackerspaceSG, 70A Bussorah St, Singapore 199483 (Map)
Register here and bring your tickets (email or otherwise) confirmation for admission purposes.
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Breaking: Baidu Invested US$ 306M In Qunar, Becomes Biggest Shareholder

Baidu and Qunar, the vertical travel search engine in China announced today that Baidu has invested US$ 306 million in Qunar to become the latter’s biggest institutional shareholder. According to the two parties, Qunar will still operate independently after the investment.

Actually, this is the largest investment Baidu ever made in the company’s history, which is also to date the largest investment in China’s online travel field.

Baidu CFO Li Xinzhe said today:”Travel has always been one of the top categories of Baidu’s information service, and the number of travelers in China has been growing rapidly every year, so the fast-growing travel market is obvious of strategic importance to us. By means of investing in Qunar, Baidu will offer users who’re planning travel with better search experience.”

Qunar went online since May 2005, with an aggregate of 27 million dollars from three rounds of funding. It’s offerings includes information about flight tickets, hotels, daily deals and so on.

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Tim Cook’s Secret Visits Signals iPhone May Have 2 Partners in China

We reported Apple COO Tim Cook’s recent visit to China Mobile, which may suggests the mobile device vendor is in talks with China Mobile about potential iPhone cooperation. At present China Unicom is the de facto exclusive iPhone operator in China.

And there it is. According to people familiar with the matter, Tim Cook also visited China Unicom during his secret China trip to talk about iPhone joint force issues as well as introduction of 3G iPad 2 into China’s market. It seems to many that Apple’s unusual move signals that iPhone may have 2 partners in China.

Usually Apple only selects one exclusive iPhone cooperator for one region, such as AT&T in the States, Softbank in Japan and China Unicom in China. But as Verizon has now become the second iPhone operator in America, it seems Apple wasn’t that stubborn in this matter. We have reasons to believe that Apple might have two iPhone operators in China, which would be China Mobile and China Unicom.

It seems with the phenomenal success of iPhone and iPad in China, Apple values Chinese market even higher. According to 3^rd-party data-processing company CNZZ, iPad takes over 98.89% of China’s tablet market share, while all other brands including big-names such as Dell, HP and Samsung share the other 1.11% market share. And Apple’s latest financial report (Q2 2011) shows that revenue from China accounts for 10% of its total revenue. No wonder Apple said that it will strengthen its investment in China. Gartner analyst Ye Lei remarked that “To keep or even surpass its current pace, the largest competitor for Apple is Apple itself.”

Related posts:

1. Apple Tim Cook Visits China Mobile Maybe for iPhone cooperation
2. China Unicom Is Promoting iPhone 3G
3. Hey China Mobile, Where Did You Get the iPhone4?

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Weibo is Replacing Breaking News on TV

I think Sina Weibo is replacing the breaking news section on TV. With a user base of 140 million and growing, Weibo is becoming THE way to consume information quickly and spread it. Effectively Weibo empowers everyone on the streets to be an amateur journalist by allowing them to snap a picture, take a video and write a quick blurb about what is happening right now. I am more talking about natural disasters or things that unfold around us, not things that only a real journalist or insider could know such as a political party shake up.

A clear example of this was yesterday’s crazy storm in Beijing. I was sitting in a café on the West side of Beijing, looked outside the window at 4pm and everything went dark. Suddenly rain pounded everything. With Beijing’s poor sewerage and drainage system, this caused major flooding and havoc around the city. With traffic jammed and subways closed because of the torrent of water, I was trapped inside. So to get a pulse of what was happening outside and to constantly check the status of the subways, I checked Weibo. The Weibo feed was going insane with shocking pictures of cars floating, bridges turning into waterfalls, even a man putting a condom around his shoes to protect it from water. People were also joking that Beijing house prices will sky rocket because of the ‘amazing’ water views.

With no TV around and rather than log onto any news website, the easiest way to find out what was happening was Weibo. Effectively everyone outside was crowd-sourcing information and delivering news at a speed never known before. Undoubtedly, having people on the streets update things is much quicker than news reporters running around, setting up their cameras and filming things. That’s why I feel Weibo is disrupting traditional media, especially in terms of breaking news on the streets.

Here is a series of Weibo posts that reveal the havoc caused yesterday in Beijing.

 

 

 

 

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1. Sina Weibo's social impact: help to reconnect families in Japan's Earthquake
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What’s the Next for Sina Weibo, Goes Desktop and Goes More Social

The reason I really love Sina Weibo is that, although it’s inspired by Twitter, it does not simply follow Twitter’s development. Instead, Sina Weibo just keeps bringing new features, new ideas which enable it grow super faster even than Twitter (in terms of user base).

Yesterday, the manager of Sina Weibo published a weibo saying that a new version is to be released, and one screenshot was also shared. It is hard to tell what Sina Weibo will focus on in the new version from this screenshot. But just judging from the layout of the page, it seems that Sina intends to build more social elements into its Weibo. It looks like a social network, the navigation bar is moved to left column and it includes features (or we may say Applications) like Music, Photo Album, Events and Votes.

We also reported that Sina Weibo is to release its PC client about 4 month ago. Yesterday, the beta version of the client named Weibo Desktop is released for public test. I am not able to try it as it’s for Windows only, but according to its official site, it is just like an IM including all functions of weibo as well as the feature fo instant chat with your weibo followers.

I gave a talk to Google’s Assistant Product Manager (APM) guys yesterday in Shanghai. When we discussed the copy culture in China, I said, there are many Chinese sites doing pixel-by-pixel copy from western model, but Sina Weibo as an exception, started as a copy but quickly becomes Innovation.

 

 

 

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1. Attention! Sina To Release Its PC version of Weibo Client
2. Six Business Models Built On Sina Weibo, Monetizing Microblog in China Sounds Easy
3. Sina Weibo's social impact: help to reconnect families in Japan's Earthquake

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Matrix Partners China Gives Investment Tips to Start-ups

Today Matrix Partners China,  held a Q&A meet-up at Garage Cafe in Zhonguancun, a place for entrepreneur’s to work and meet. Matrix Partners China was started by Shao Yibo in 2007, who originally founded Eachnet, a Chinese clone of Ebay that was later acquired by the global online auction  giant.  Matrix Partners headquartered in America, is regarded among the tier 1 VC’s having invested in Apple, FedEX and Sandisk. Matrix Partners China has successfully in Kingsoft, Anjuke.com and Baofeng.com. They are mainly focused in early stage high tech industries investments that go up to USD$10m.

Today’s panel was run by partners Shao Yibo and Zhang Ying.

Here’s a summary:

Entrepreneurs and team tips

• A founding team of 2-3 people is best
• A Product Manager who understands both technology and business is crucial in the early stage of a start-up
• For entrepreneurs who are already married, it matters how supportive their family is
• One of the most important qualities in an entrepreneur is persuasiveness, because without charisma it is difficult for people to join your team or sell your product
• For fresh uni graduates it is better not to start a business straight away but instead join another start-up to gain experience

Investment tips

• For angel investments founders should give up a maximum of 15-20% and for series A and B should only give up 20-25%
• A start-up should get enough funding to sustain 12-18 months because raising funds is very time consuming (3-6 months)
• Every time a start-up raises money it should ensure its valuation increases, so milestones should set up milestones e.g. product launch and money raised should get you to the next milestone

Finding the right VC tips

• It is better to talk to many investors rather than just one, to find the most suitable one
• Selecting a VC is like selecting a marriage partner because they sit on your board, you need to be able to communicate and understand each other well
• Start-ups should ask a VC to provide the contact information of their portfolio companies to be able to understand what the VC is like to work with
• For industries that can only have 1 winner, a VC will not invest in the others but for industries like online games or e-commerce they can invest in multiple companies
• Do not give out your business plan to VC’s at public meet-ups or conferences, it is better to contact them in private

Some of these tips sound obvious but it is often the obvious things that people miss or disregard.

 

 

 

 

 

 

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1. Infinity Venture Partners Akio Tanaka Talks About Investment Strategy From Japan to China
2. Helping the next generation of Entrepreneurs in China, Peng Ong of GSR Ventures
3. Calling The Angel, MOBINODE Partners With ChinAccelerator

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Apple Tim Cook Visits China Mobile Maybe for iPhone cooperation

Apple COO Tim Cook was reportedly paid a secret visit to China Mobile yesterday. China Mobile is the largest mobile operator in China which was rumored several times to talk with Apple about the iPhone joint force. But no matter how, Apple ended up choosing China Unicom over other players like China Mobile and China Telecom as iPhone cooperator.

Although neither Apple nor China Mobile disclosed the reason why Tim Cook showed up in the largest Chinese mobile operator’s office, but speculations are swirling about Tim Cook came here to negotiate about the introduction of iPhone 4S or the prospective TD-LTE iPhone by China Mobile. China Mobile confirmed such talks are still under negotiation, but haven’t disclose any updates.

Although China Unicom won over Apple to become the exclusive iPhone cooperator in China, but once a while there were rumors about China Mobile in talks with Apple with an aim of introducing something such as new version of iPhone or iPad. And the rumors were spurred by China Mobile head Wang Jianzhou’s remarks of “will continue to seek for the iPhone cooperation opportunity”.

Actually, there’re more than 5 million iPhone users using China Mobile’s wireless network, about the same number as contract iPhone users of China Unicom, which impressed many telecom observers and experts. Given the big numbers there’s no reason for China Mobile to quit on iPhone.

Related posts:

1. Hey China Mobile, Where Did You Get the iPhone4?
2. Oops, 73% China Unicom iPhone Users From China Mobile
3. Apple Is Recruiting In China, Preparing For iPhone Launch

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Listen! Plants vs Zombies Music Played By Chinese Guzheng

You probably never heard of Guzheng, the Chinese ancient instrument, but like many others you should know Plants vs. Zombies, one of the most popular games on iPhone. I used to talk to James Gwertzman, VP of Asia/Pacific at PopCap Games who told me that surprisingly China actually the No.4 best sell country for its paid PvZ game. People here love Plants and Zombies. As James recently said in a press conference in Shanghai,

The passion for Plants vs. Zombies here in China is incredible. PvZ has tremendous, unprecedented brand awareness and popularity in China with almost one million people already signed up to a PvZ page on Renren.com. There is superb demand for the game and we are excited to deliver the world’s first online multiplayer adaptation of Plants vs. Zombies in China very soon.

If you are fan of PvZ and also curious about Guzheng, I would suggest you to watch the video below. Two Chinese musician are playing the background music of PvZ with four Guzheng. You will be amazed!

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2. Tencent Joins Force With Zynga to Bring CityVille to China
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A Sneak Preview of Camera360′s Upcoming iPhone App

Good news for fans of Camera360, one of the most popular Android photo app,  its long-waiting iPhone version will be available on the app store soon, confirmed by Xu Hao, CEO of Camera360. In a recent interview with Xu Hao, he said that Camera360 had 6million users worldwide, and this number is increasing 20,000-30,000 daily. Note that Instagram recently is reported 5million users, only.

In a visit to Camera360′s Chengdu office, Xu Hao showed me its upcoming iPhone version. It comes with pretty neat design, a couple of cool and high performance photo filters, such as LOMO, B&W, HDR, Japanese style, Handy painted etc, as it offers in Android version. What’s more, it also comes with a few handy functions, such as continuous shooting mode in which up to 180 photos can be taken per minute; two grid, four grid jigsaw shooting mode; red-eye auto removal; focus and photometry adjustment by single finger etc.

I am a bit surprised that the social networking elements is still missing in the new iPhone version, such as photo sharing, comments by users etc. Xu explained that they will introduce the social functions to Camera360 for sure, but they don’t think they are ready for it yet. At this stage, they just want to focus on the core functions, i.e. the photo filters. If our users really love our product, introduce of social functions is just a nature move, and we don’t want to rush for it.

 

iPhone recently released its iOS5 which causes lots of arguments saying Apple is now startup killers as its iCloud, iMessenger etc might leave cloud storage apps, kik-like messengers in dangerous situation. Photo is of course one of the very basic but also important functions for a phone, there is no sigh of Apple’s trying to improve it yet, but who knows why this giant will do next (Photo Booth is actually quite an interesting applications). “I think Apple should buy you one day.” I was joking at Xu.

The iPhone version would be priced at $0.99.

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TermWiki: Term-based Online Learning Platform

It seems going a little bit social is just like putting a handful of flavoring into the dishes to spice things up. So we get social rating like Yelp, social bookmarking as delicious, social dining with Grubwithus and letslunch, and now social learning with TermWiki.

It’s been a long time since the online learning or online education concept has been raised with the coming of the internet era. People expected the “school without walls” will be forged online, just like how they expected the rising of internet would free them from commuting. It just doesn’t happen. But at least, TermWiki is working towards the aspiration. According to the Beijing based team, they’re building a “wikipedia for terms”, the site writes “TermWiki.com is aimed at sharing knowledge and connecting people with similar interests around the world. It’s like the break between classes: you can talk with your friends, pose a few questions, and learn more about the things that interest you.”

The site now provides users with eight language editions, including English, French, Germany, Japanese, Chinese, Spanish and Italian. Users can either browse its massive online term lists, or upload their own collections of terms. Also, you can translate these terms into another language to augment the database.

Besides terms-based language learning offering, the newly-released product AnswerBea is also trying to combine online learning with social Q&A service. You can ask questions under different categories, mostly are classified according to industries such as computer, architecture, consulting, chemistry and so on. In spite of claiming itself a social learning site, but it seems to me that the current beta-testing Answer products need to be polished to live up to its ambition.

There’re couple of learning offerings online already, including Livemocha, babble and so on.

 

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2. FrenchPod Introduces The Personalized Learning System
3. Hello OpenLanguage And Vertical Open Platform

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Startup Roots Speaker Series #5 Preview – Bunnie

After a 1+ week hiatus, the Startup Roots Singapore Speaker Series will be having its 5th session on June 30th this Thursday at 7:00pm with Andrew Huang, who’s more commonly and affectionately known to many of us as Bunnie. Andrew Shane Huang is a 35 year old hardware hacker, known to some as bunnie, and others Continue reading → Related posts:

1. bunnie of Chumby at HackerspaceSG
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3. Startup Roots Speaker Series #4 Preview – Jeff Jonas & Ian McFarland

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