Monday, September 5, 2011

Top intern wins S$10,000 to fulfill entrepreneurial dreams

Besides the usual spending allowance of S$3,000 (US$2,500), along with goodies like free housing and free plane tickets, one intern at MyCube’s Digital Life Academy has also won an additional S$10,000 (US$8,300) to kickstart his entrepreneurial ambitions.

That person is 19 year-old Anjney Midha, a Stanford University Computer Science and Economics undergraduate. Besides the prize money, he will also serve as a Digital Life Ambassador in the coming years. He plans to set up his own Internet social enterprise.

Four other interns were awarded S$1,000 in cash prizes — Joakim Twetman from Lund University, Michael Bergman, from Sundsta Älvkulle Gymnasiet, Richard Masters from City University, and Liu Wei from Georgia Tech University.

The Digital Life Academy is a 6-week summer internship program where participants spend six weeks in the MyCube office in Singapore to receive training in product development, project management, company formation, fundraising, marketing, and more. They also attended talks by speakers from Google, Yahoo, and Microsoft, as well as receive hands on experience in developing new business ideas.

33 interns from 19 countries were selected from over 15,000 candidates in more than 100 countries — which is not surprising considering the allowance, benefits, and experience the interns get.

This inaugural internship program is a marketing effort by MyCube, a startup that endeavors to build the “world’s first Social Exchange” which allows users to own, control, and monetize their digital data. Their service is currently in private beta. Recently, Black Ocean, the company’s key investor, has obtained majority ownership after another round of funding.


Link to full article

Malaysia Digest: Google teams up with Tourism Malaysia, TUKAR by govt, and more

Here are some interesting startup news around Malaysia, not only in its capital, Kuala Lumpur, but also other startup hubs such as Penang, Malacca, and many more.

(1) Google announced a team up with Tourism Malaysia to poll Malaysians on which national tourist treasures and uniquely Malaysian sites should be featured in Google Street View — the Google Maps feature that allows users to view and navigate 360-degree street-level imagery. Malaysians can vote and suggest their favorite locations at the website maps.google.com.my/svtrike, which will remain open for the rest of the month.

(2) The Retails Shop Transformation Programme with its acronym TUKAR, was introduced by the Ministry of Domestic Trade, Cooperative and Consumerism. TUKAR is the Entry Point Project (EPP) to help modernise traditional neighbourhood stores and provide them a competitive edge in today’s highly competitive retails environment.

(3) Local inventors hoping to make a name for themselves in the industry can look forward to the International Conference and Exposition on Inventions of Institutions of Higher Learning (Pecipta) 2011 later this month. Organised by Universiti Teknologi Mara (UiTM), the event is a collaboration between the Higher Education Ministry and selected public higher learning institutions. It will showcase new products and inventions from students in Malaysia and other countries.

We thank nordicfactory for the flag image.


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CyberAgent America Releases Second Smartphone Game, “Coin Pusher Mafia”

Cyber Agent’s American subsidiary company CyberAgent America, Inc. has released the game application “Coin Pusher Mafia” for iPhone.  Download is free.
“Coin Pusher Mafia” is Cyber Agent’s second released smartphone game application title.  It’s a combination between a mafia game and a slot machine game, and along with the previously released “Zombie Restaurant,” [J] it works together with the game community “GAMEWAVE.”
Download Coin Pusher Mafia here:

Translation licensed by VSMedia [J]



CyberAgent America Releases Second Smartphone Game, “Coin Pusher Mafia”


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BarcampSG7 – 10 Sep

BarcampSG7 will be happening on this Saturday, September 10. The event is a collaborative effort of Singapore’s technology, startup and education community. There will be presentations, discussion and demos on technology, mobile and social web, design, UX, startups, travel, science and many more.


Event Details

When: Saturday, 10 September 2011
Time: 930am-6pm
Where: iJam@Blk 71, Block 71 Ayer Rajah Crescent (Map)
Register here.
Link to full article

Tech Briefings: Top 10 Daily Deal Sites Still Bleeding Money; Perfect World To Establish TMT Fund

1. Over 5300 Daily Deal Sites in China To Date

Back in last Dec there’re nearly 2000 daily deal sites in China, as of now the number is over 5300, which means more than 3000 group buying service mushroomed in H1.

According to Xu Maodong, founder and CEO of group buying site 55tuan.com, of the ten largest group buying offerings in China, none of which is making any profit yet.

2. NetEase Exec Quits For His Own Cause

Unconfirmed rumor said NetEase exec Wu Yunyang quits to start a new business with former NetEase VP. Wu later on dismissed the rumor, saying he quits to live his dream of rock climbing. Still, his resignation will have certain negative impact on NetEase gaming division.

 

3. Perfect World To Invest RMB 600 Million To Establish TMT Venture Fund

Game vendor Perfect World will invest RMB 600 million to form a venture fund to invest into TMT area. They also hope to achieve synergy effect by leveraging the power of this fund and its partners to grow the company’s user base and to enhance its online platform.

 

Related posts:

  1. Tencent Invested in Daily Deal Site FTuan for an Undisclosed Sum
  2. Daily deal site 24quan Pitfall May Signal Imminent Bubble Bursting
  3. Tech investment in China: RMB fund Vs USD fund


Link to full article

Ideosource announces strategic partnership with Touchten

From L-R: Edward Chamdani, Anton Soeharyo, Andi S. Boediman

Indonesia-based Ideosource and Touchten have officially announced their strategic partnership in iOS game development, and marked the occasion with the launch of Touchten’s new game, Hiyoko, in Jakarta on August 23.

This partnership comes after two months of negotiations, the result of which would see Ideosource invest US$1m gradually into Touchten to extend the latter’s network and marketing spending power, look for and recruit more technical and non-technical human resources, as well as acquire game, Intellectual Property Rights (IPR) and licenses.

On the top of Touchten’s list after this announcement is the recruitment of a Chief Marketing Officer, followed by the addition of more account executives, operational personnel, as well as senior and junior programmers. The partnership would also see Touchten have two new directors and one new Finance Director coming in from Ideosource. They would sit on the board of directors alongside co-founder and CEO Anton Soeharyo, co-founder Rokimas Putra, and CTO Dede Indrapermana.

“We are very pleased to have the full support from smart figures who are not only professional, but are also proud of our achievements personally and willing to take risks together with us,” Soeharyo said of the partnership.

“In principal, Ideosource was established since digital market is growing rapidly in Indonesia with the value of content in mobile and Internet industries have reached more than US$250m, while digital media  advertising is growing 30%-50% with spending budget of $62.5m annually,” said Ideosource Partner Andi S. Boediman.

“Based on our experiences, there are many entrepreneurs who have products with great potential. Unfortunately, they don’t have excellent business management, access to market, adequate funds and don’t understand product life-cycle. Our mission is to seek for and support those entrepreneurs, convince them that the partnership will bring win-win profit to both parties,” Boediman said.

Touchten’s target market is primarily casual gamers, and the latest game Hiyoko (which means “chick” in Japanese) reflects the addictive, easy-to-play approach that Touchten is good at. According to Soeharyo, the game, which took three months to develop, is aimed at girls aged nine and above, and is primed for a slew of promotional activities that have been designed to get into Top 10 in American AppStore at the end of this month.

Touchten said that it plans to release more games before the end of the year, bringing to total number of games it has developed to eight. It also added that next year, it aims to create a game that would score over 20 million downloads.


Link to full article

Events For The Week – 3-10 Sep

Latest Entrepreneurial Events in SingaporeFor a one-stop to all events related to or concerning entrepreneurship, certain industry-meets-business forums and seminars in Singapore, check out our Calendar. If not, you can also follow our bite-size updated posts for upcoming events for the week.

Events range from simple get-togethers to full-blown conferences. Get to meet fellow developers, entrepreneurs, startup CEOs & founders, and meet & learn from CEOs of established companies who have seen it all.

Our aim here at SGE is to make it easy for you to pick & choose from the event buffet. Enjoy.

Here are the events for this week. Events are mostly in Singapore (generally 30 minutes drive from anywhere), but we also include key events from around Southeast Asia and beyond.

Tuesday 6th September:

(1) Go Measure with Google Analytics

Thursday 8th September:

(1) [KL, Malaysia] Go Measure with Google Analytics
(2) Campaign Spotlight Technology with Andrew Pickup

Thursday-Saturday 8th-10th September:

(1) Franchising & Licensing Asia 2011

Image courtesy of joyosity.


Link to full article

Blind – Short Movie On Post-Nuclear Tokyo

Meat Bun Designed As Slime From Dragon Quest

TechNode Touch Event Demo Session Round Up

At last Saturday’s TechNode Touch event titled “Online To Offline: A Discussion On The Emerging Ecommerce ”, a dozen of teams with creative thought and excellent craftsmanship were singled out to demo their fresh ideas in front of people including investors from Innovation Works and Bertelsmann, those engaging in internet business and people who want to be entrepreneurs and start their own businesses.

The demo session was kicked off with a funky project named 98tonight.com by three Stanforder and one CMUer with impressive working experience.

 

98tonight.com

The project is focusing the discovery and promotion of underground music in Beijing and with a mission of leading the nightlife revolution in China.

Underground music has always been something growing stealthily here without too much attention, 98tonight.com has an ambition to change the status quo with their offerings to help underground music community appealing to a much more broader user base.

Website: 98tonight.com

 

360Fashion Network

America-born Europe-raised Anina is one of the top foreign model in China with both insightful knowledge in fashion and tech, “that’s why we will be successful in what we’re doing”, said Anina.

Years of modeling life give Anina wide connection in fashion business, but she’s also a techie. That’s how and why she come up with the idea of 360Fashion, the company is building relationship with renowned fashion brands including MANGO, HUGO BO SS and so on to serve as social media outlets in China.

They’re also doing an app that will be preinstalled in 2 million mobiles.

Website: 360fashion.net

 

CGStars

Founded by seasoned salesperson Xia Huajuan, CGStars aims to be the portal for CG industry with services ranging from imaginary stock, sale of tutorials, outsourcing, to recruitment and so on.

It’s target audience including CG lovers, CG designers, AE from agencies.

Website: NOT ONLINE YET

 

24Zhuo

Grubwith.us has been a direct or indirect inspiration for couple of local startups in some aspects, the idea has been raved about amongst a group of social promoters. 24Zhuo is one of them.

Adam Pan, founder of 24Zhuo said that the idea of 24Zhuo has extended the original model by leveraging social power. 24Zhuo base its infrastructure on popular and influential social platform in China including Sina Weibo and Renren. People can create events on the website and invite their friends to come.

Website: 24zhuo.com

 

Budoutuan

According to a recent report, as of late last month there’re over 5300 group buying sites in China, it’s almost definitely that majority of them will eventually failed and disappeared sooner or later. One way to fight one’s way out is to go vertical, at least that’s what Liu Jiannan, founder of Budoutuan believes.

The group buying vertical is focusing on pet supplies. The company also owns offline store and dog shed.

Website: Budoutuan.com

 

VMSENS

If you love Wii, you will love what the group led by Zhao Tiejun is doing. They’re realizing a geek’s dream. Their company, VMSENS Inertial Technology is focus on MEMS inertial motion tracking & sensor fusion technology area. Their motion measurement products integrated gyroscope, accelerometer, magnetic sensor and GPS, etc, hi-efficiency sensor fusion algorithm ease the motion tracking and analysis procedure, push user interactive to the next level.

Website: www.vmsens.com

 

Zaizher

Ever get the feeling you could’t get to know who you’re supposed to talk or connect at a conference, or you don’t have sufficient time to exchange business cards with them?

Zaizher is made to solve that kind of itches. The service aims to help you expand your career connections when you’re attending all kinds of meetups or conferences. It also adds a blend of elastic social network, e-business card exchanging and IM functions.

Launched in last month, Zaizher now has about 5000 users. It has an ambitious vision to become the one and only platform to help users building up, organizing and maintaing their contacts.

Zaizher has received angel funding and is now looking for Series A funding.

Website: www.zaizher.im

 

Related posts:

  1. Announce the First Augmented Reality Demo Event in China
  2. Five Startups Presented at TechNode TNT (Beijing) Demo Time
  3. Meituan Obtains Eight-digit USD Second Round Funding


Link to full article

Building Awesome Social Products [6 Basic Principles]

Number of Social Products are launched these days; everyday we come across a new one. While I am also busy building my own Social Product – sharing few of our learnings with other Entrepreneurs & Product Managers working on Social Products.

Social Graphs are all around us today – some like Facebook, LinkedIn, Twitter have extremely high adoption rate and have provisioned development frameworks for existing and new products to leverage social graphs behind them. Each of these social graphs are distinctive by type of connections and mindset its users have developed towards them.

Google+ has been left outside of this discussion – cause in my personal opinion it is yet to find itself a distinct social graph. In current position – Google+ overlaps with lot of existing and established Social Graphs. More notes on Google+ can be reserved for a different blog post.

Existing Social Graphs (everyone knows this):

  • Facebook – Social Networking for friends, (close) colleagues and family. These are users with whom you have interacted in real life.
  • Twitter – Loose social connections, people you know or are acquaintances with. Typically people who are celebrities, known professionals, subject or domain expertise are followed by others.
  • LinkedIn – Professional and Business contacts.
  • Email Contacts – Gmail, Yahoo, Hotmail, AOL, etc – all people or contacts whom you have/had private conversations over emails.

There are other Social Graphs like – YouTube, WordPress, Flickr.., those who are limited by its mindset or domain; also limited ways to leverage those social graphs.

Every Social Platform has Social Mindsets & Product Norms:

Social Platforms – no matter how big in user base, its users over a period of time have developed strong mindsets, product usage norms and social norms. They are usually not said or stated, but followed subconsciously by its users.

  • Facebook -
    Product Norm: Users can share status, comments, updates, photos, videos with “known friends”
    Social Mindset: Informal, between friends, perceived closed group communication.
    Social Norm: Example – Do not keep on updating status at same pace at which they tweet.
    .
  • Twitter -
    Product Norm: Follow like minded people, domain experts, known professionals, celebs, etc
    Social Mindset: Open conversations & thoughts expected by followers.
    Social Norm: Example – Retweet what you agree on, etc
    .
  • LinkedIn -
    Product Norm: Strictly Professional & Business oriented. Make connection with people you have worked with or intend to.
    Social Mindset: Share professional or company updates; Industry news & views
    Social Norm: Example – Do not post jokes or Facebook-like status updates.

Social Mindsets and Product Norms are difficult to break:

Users follow social mindsets and product norms subconsciously, they learn to follow it over months or years of product usage. Over a period of time, they become so strong that such platforms itself are not able to foster adoption for new products & features they introduce. Some examples are -

  • Facebook attempted to take on Foursquare with Facebook Places – but did not make much headway. Interestingly – there might be an 100% overlap of Foursquare users with Facebook.
  • Twitter struggled with getting usability for Lists feature. Users have added people to lists – but not following them for tweets. Twitter acquiring TweetDeck might be another sign of product usage norm.
  • LinkedIn struggled with its product LinkedIn Answers – while Quora scaled.
  • Google launched Google+ through GMail, but now struggles to keep continued engagement and adoption of Google+.

Because the Social Mindsets and Product Norms are difficult to break, products that leverage Social Graphs outside them become successful. (Facebook abandoned deals, but maybe it should acquire Foursquare as it is more valuable than Groupon, & LinkedIn should acquire Quora)

Some Perfect Examples of Social Products:

  1. Zynga – Leveraged social graph of Facebook and introduced Social Games like CityVille, FarmVille and others as a Social Application.
  2. Foursquare – Leveraged social graphs of Facebook & Twitter to introduce a location based check-in product on Mobile.
  3. Quora – Leverage social graphs of Facebook & Twitter to introduce a Questions product as a destination website.

The 6 Basic Principles of Building Social Products:

  1. Social Graphs are already Established.
    Do not reinvent the wheel and try to build social graphs again from scratch on your product.
    .
  2. Social Graphs get built over a period of time.
    a. Over years – Users have made friends on Facebook, added professional contacts on LinkedIn or followed people on Twitter
    b. It will take loads of time, effort and patience if you try to build them again.
    Google+ is attempting this – we can wait and watch if it succeeds.
    .
  3. Don’t build Social Products for sharing content & driving additional traffic.
    a. Most social products are built with this intention – sharing content and hence driving more traffic
    b. Existing social graphs are powerful and already allow sharing of content to drive viral traffic.
    .
  4. Build Social Products that add value to users.
    There are many tasks and products that can be built outside existing Social Platforms which can add value to end users. While existing social graphs are established, users have a Usage Mindset about them, this is biggest incentive to build innovative social products.
    .
  5. Don’t arbitrage value through your product.
    There is immense value in integrating directly with social platforms like Facebook & Twitter, do not try to arbitrage this value through your product. Users (if it is a B2C product) or Merchants / Publishers (if it is a B2B product) will at some point of time realize this and abandon your product to integrate/use directly.
    .
  6. Don’t build – but leverage Social Graphs!
    Rome was not built in one day! And so are Social Graphs. Choose the one that fits most with your product use case and leverage it.

Building your Perfect Social Product:

Foursquare, Quora, Zynga did it, so can your product. Introducing established social graphs to new products. Key is understanding what you manage and what you don’t – Social Graphs are not owned by you, your product is – seamless integration with your product makes it scale up virally.

It helps you in -

  • Viral User Acquisition
  • Introducing your product to user’s existing social graphs
  • User activity on your product generates updates for Social Graphs, which acts like contextual marketing.

Identify what are the validation use-cases for your product, allow consumers to share the same with his Social Graphs. Few examples are – Foursquare checkins, Questioning & Answers on Quora, reaching a level completion milestone on Zynga while playing its games and others.
.

Solving the Chicken and Egg problem:

Social Products have more than one first users. Every initial user who registers to your product has his own social graph, he is the first user of his social graph.

The Chicken & Egg problem here is – what do you show to such first users who do not have any friends or activities to look at. Ask hard questions and look around for examples of successful social products.

First User Questions (FUQs) -

  • Facebook’s first user question – “Whom do I add as a Friend? Who will see my wall-post?”
  • Twitter’s first user question – “Who will read my tweet? Whom should I follow?”
  • Quora’s first user question – “Who will answer my question? How can I quickly get a answer for my question?”
  • Foursquare’s first user question – “Where should I check-in? Why should I check-in?
  • Zynga’s first user question – “Whom should I play CityVille with? How will my City grow?”

Try to figure out how these platform solved the first user question. There are multiple ways to do it, but idea is doing this right. The biggest challenge for any social product is solving the First User Questions – the approach and execution here makes or breaks your Social Product.

Validation Cycle of Social Products:

Defining Validation Cycle for your Social Product and reducing the time to validate it is the key goal for Product Managers. Validation cycles are reduced when you are at scale – thats a easy task cause at scale most of the things you do is just optimize based on data/feedbacks.

Take example of Quora – product validation cycle means getting answers from people with best knowledge about it. Since Quora has scale & adoption today – you will see few questions getting answered within minutes or hours of submission, while few take days to see first answer. But in its initial days – the validation cycle was not so short.

More crucial moments are in the first 10,000 users scenario. Have patience, learn from initial user feedback and pain-points; validation will be slow and takes time in initial days of adoption. Also to due slow adoption cycle in early days – the early adopters of any social product, don’t necessary get the best experience.

Example – My twitter profile (twitter.com/beingpractical) was created in Sept 2007; I had the First User Question syndrome. Same was the case with my profile on Facebook, LinkedIn or Orkut (Orkut showed me – “Bad, bad server. No donuts for you” 1000s of time).

Should it be an Application on Facebook or Destination site:

“Why is this not a application on Facebook?” is also a question you will hear from Investors. While there are different answers for this question when it comes from Investors, but for a product decision make your judgment based on -

  1. Your product idea or concept or product use case should deliver real value. The value should not equate to addition of features on Facebook.
  2. There are Social Graphs outside of Facebook that you want to explore.
  3. Facebook would want people to interact with people; not with applications.
  4. Product or Business use case qualifies to be a destination site outside of Facebook – like a Quora or Foursquare.

Remember again – Social Mindsets & Product Norms on Facebook are difficult to break. If your product requires to explore Social Graph and is outside the Social Norms of Facebook – it can be a destination!

The Key Questions to answer before getting started:

Have good answers to all of these questions before starting with build your Social Product -

  • The task your product is planning to solve – do people do it in real world socially?
    Social Products are reflections of user behavior in real world – People play games together, People want to hear answers from persons with best knowledge about it, and so on. If people don’t do such tasks in real world – they will not do it on a Social Product as well.
    .
  • Is it a feature on Facebook or Twitter or any Social Platform?
    Feature products don’t last. Identify if your product can be a feature on Facebook or Twitter.
    .
  • If B2C product – Is there a value to do this task outside of Facebook?
    Check and check again – Is your product idea meant to be a application or destination.
    .
  • If B2B product – Is sharing and driving traffic to merchants / publishers the key aim?
    There is no harm if it is one of the propositions, but this should not be the key aim of your B2B product. Many social commerce products on top of Facebook project sharing & driving traffic as their core benefit. Marketers are smart, at some point of time they will self-integrate this on their Facebook pages.
    .

Always keep these things in Mind -

  1. People drive Social Platforms & Products. Not features!
    Features are how you want users to drive your product. But it is always people who drive it – make your features people-centric; not people feature-centric.
    .
  2. Engagement should be People to People
    People don’t login to Facebook everyday cause it is Facebook, it is cause there friends are there. Same will hold true for your Social Product.
    .
  3. Don’t arbitrage on User Value
    Consumers & Businesses will eventually figure this out. So don’t do this in first place.
    .
  4. Don’t be Evil
    People love their Friends & Social Circle / Connections more than they love your product.
    Don’t mess with them. Don’t spam. Don’t be evil.

Happy Building your Social Product.

[Guest article by PJ/Reproduced from his blog]


Link to full article

Mumbai Based grtDeal Brings Group Buying To Real Estate Business

While most of the group buying sites in India focus on small ticket service oriented deals, there is a huge demand for big ticket products ranging from say, cars to life style products to real estate grtdealproperties.

grtDeal is a Mumbai based startup that brings the concept of group buying to property business (currently active only in Mumbai).

The business model of grtDeal revolves around (qualified) lead generation, though the challenge for such portals becomes the ever increasing cost to bring traffic to their site. Another site, Groffr (which raised funding from IAN) is also in a similar space, though they also offer deals in lifestyle products like LCD too.

As somebody who has bought a flat very recently, my experience tells me that if you have the patience to haggle with builders, you will get a good deal (better than what’s listed on these sites), though the reality is that a lot of customers aren’t so comfortable haggling and would rather prefer an ‘e-way’ to do the same.

In essence, there is a market for these services, but these startups need to really go out and make the entire process of buying transparent (for example, one should be able to talk to others who are also interested in the property/one should be able to exchange notes with others etc). That is, do not be the gatekeeper and instead enable conversation so that it builds long term value.

real_estate_deals_mumbai

What’ your experience? If you have bought a flat in the recent times, do share your experience. Would you use a service like this?

If yes, would you use these services to get a benchmark of the market price or for conducting real transaction?


Link to full article

Kolkata Based Prepgenie Offers Preparation Courses For Australian, British And US Based Tests

Prepgenie is a Kolkata based startup that offers tech enabled, analytics driven test prep courses for niche Australian, British and US based tests.

Started in March 2010, Prepgenie offers tech enabled test prep courses for a range of niche international exams like GAMSAT, UMAT, UKCAT and LNAT. The company launched pilot products in 6 tests across 5 countries and has sold it’s test prep products in countries like USA, UK, Australia, Canada, Singapore, South Korea, Russia, Taiwan, Netherlands, Switzerland and India.

The existing products include teaser products like test series modules, flash cards as well as premium priced products that include comprehensive preparatory content consisting of audio, video as well as textual elements.gmat_tests_prepgenie

Given that this is a niche segment which is devoid of most of the innovations that have become almost a common place in larger test prep markets like GRE or GMAT, Prepgenie has done a commendable job targeting an underserved market by selling products/packaged courses, as opposed to consulting services that Indian companies are mostly known for.

Here is a quick QnA with the team:

Founding team details.
Shantanu, the sole founder, has over a decade of experience in education, training and entrepreneurship. As an erstwhile acclaimed CAT trainer he had mentored over 5000 students and has received over 14 calls from IIMs across 3 years. Prior to Ensine, he co-founded GATE Forum Educational Services Pvt. Limited which went on to become the largest GATE prep company in India. GATE Forum was acquired by Educomp Solutions in March, 2010. Shantanu completed his undergraduate degree in manufacturing Engineering from NIFFT, Ranchi. He then joined the XLRI Jamshedpur, but dropped out after a year to pursue his entrepreneurial dreams.   

On market penetration strategy

PrepGenie caters to test aspirants from countries like Australia, UK, Ireland and US. Given the geographical spread of it’s target market, the Internet has been the natural choice for marketing as well as content delivery platforms. However, PrepGenie is now setting up channel partners across various product categories to achieve better market penetration.

Revenue numbers
PrepGenie was founded in April 2010 and achieved a turnover of INR 65 lakhs in the 1st financial year. We are experiencing excellent traction of our products and we are all set to cross INR 1.5 crores in revenues in the current financial year.


Link to full article

Latest Startup Jobs – 5 Sep

If you are reading SGEntrepreneurs, you are probably already partial to startups, perhaps having founded one yourself or are working in one.

If not, why not consider joining a dynamic startup to see for yourself what it is like working with just two other people in your entire company?

If you are looking for a job as a developer, programmer, or you want something in business development, sales, or perhaps you are a designer and looking for creative jobs, check out these newly listed open positions at these diverse startups.

  • System Analyst at Innovative Auction (Sold.sg)
  • Infrastructure Cloud Specialist at myHealth Sentinel (A Microsoft BizSpark startup!)
  • Sales & Marketing Intern at YOOSE
  • Python or C# Developer at Optiras (A Microsoft BizSpark startup!)
  • Sales Executive – Mobile Advertising at YOOSE
  • Ruby/Rails Web Developer at YOOSE
  • Senior Software Engineer at GotoCamera (A Microsoft BizSpark startup!)
  • WordPress Guru at Baby Carrot
  • Finance/Legal Manager at Wildfire
  • Visit the portal for more job vacancies.

    Dedicated at startups, a job listing at Triple Point Jobs can cost as low as $25 and together with our partner sites, we have combined monthly pageviews of 0.25 million that reach individuals who love code, beautiful design, innovative businesses and creative thinking. For a job seeker who wants to work in startups, this is a perfect tool to find that position that you’ve been looking for. It costs nothing to browse and apply for a position.


    Link to full article

    Government Learns to Weibo

    China Daily reported today that Chinese government officials are starting to increasingly embrace micro-blogging, known as weibo.

    According to a Tencent study, as of August 1st, there were more than 10,000 government departments and officials in China with weibo accounts, 266 of which are owned by senior ranked officials at the deputy-city level. At March 20, there were only 2,400 accounts open by authorities and officials.

    The phrase, “if you can’t beat ‘em, join ‘em”, pops to mind when not long ago government officials were reported as visiting the Sina Weibo office to check out what was going on and to make sure everything was in order. Perhaps they were asking them to help them set up accounts?

    But it is becoming strikingly obvious that everyone from brands to governments need to understand and manage social media, especially micro-blogging. The recent UK riots pushed the British government to investigate if parameters should be imposed on social networks like Twitter and Facebook. Also, some of my friends who work in embassies have asked me if I know anyone who can help them with social media marketing.

    In terms of crisis, the government is realizing how powerful social media can be. The Wenzhou train disaster was a sharp reminder of this. They are learning that communication in both content and style matters, where something with a hint of foulness can travel far and wide. Therefore, Head of Organization Department of the Communist Party in Zhejiang province, Cai Qi,  has said that ‘authorities and officials should adopt a modest approach to writing micro-blogs.’ It seems he knows what he is doing, with a fairly large follower base of 5.3 million.

    Another key reason for government officials to join the micro-blog wave is to keep a pulse on what popular opinion is thinking about society and life issues. When sensing emerging issues, the government will hopefully will be able to devise ways to solve them.

    China Daily reports however that a large number of accounts are inactive or filled with tricky government speak. It is obviously just the start of the learning curve.

    Cartoon by Wang Xiaoying [http://cartoon.chinadaily.com.cn/]

     

     


     

    Related posts:

    1. British Government Considering Social Media Ban. Was China Right?
    2. Twitter vs. Weibo, What Trends in Chinese Social Media
    3. Sina Weibo's social impact: help to reconnect families in Japan's Earthquake


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