Wednesday, February 15, 2012

Developer Garage Meetup with Mohan Belani and Erwan Macé – 24 Feb

The Developer Garage Meetup will be talking about Mobile Predictions in 2012. During the session, Mohan Belani, Director at E27, will shed insights on the decline of feature phones and tablet application development among others while Erwan Macé, member of Developer Relations for South-East Asia at Google, will give a global overview of trends and technologies for mobile web apps. Mohan will also discuss the key pitfalls to launching and growing an app. Developer Garage is a channel for developers to share experience, trends and insights on developing sites and applications on the mobile Internet.


Event Details


When: Friday, 24th February 2012
Time: 4pm-6pm
Where: Yellow Pages Building Level 2, 1 Lor 2 Toa Payoh, Singapore 319637 (Map)
RSVP by sending an email to baoyi@buzzcity.com

 


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Shanda Shareholders Approve Buyout, NASDAQ Delisting Coming Soon

After a management buyout, some believe $SNDA will head back to its native Shanghai and list there instead.

Shareholders of Shanda Interactive (NASDAQ:SNDA), one of China’s biggest web and gaming companies, have voted overwhelmingly to back Shanda’s plan for a management buyout, with the intention to go private and delist from NASDAQ. The management buyout is led by founder and current chairman Chen Tian-qiao along with his wife and brother.

87.3 percent of voters at yesterday’s extraordinary general meeting agreed to the move, according to a company press release, which proposes buying up all the outstanding shares at a 25 percent premium from their level last October when this was first put forward. It will thereby cost the management team an estimated US$750 million.

Some analysts believe that this act of delisting and then going private is actually a necessary prelude to Shanda Interactive listing on the Shanghai stock exchange, which could blaze a trail for future Chinese IPOs.

Shanda’s gaming division, Shanda Games (NASDAQ:GAME) is entirely separate and not a part of this move. Shanda Interactive, aside from its online gaming subsidiary, is a major Chinese web company, with music, video, social, and e-book platforms. Earlier this week we previewed the company’s plans to launch its own brand of smartphone running a customized version of the Android OS. $SNDA closed yesterday at $41.28 per share.


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Apps Foundry Acquires a Stake in MakeMac, the News Site for Apple Fans

With the freshly injected capital from Gobi Ventures, Apps Foundry, the startup that made the popular magazine reader SCOOP on the iPad, is making its first acquisition. Apps Foundry is taking a majority stake in Makemac.com, the biggest community website for Mac and iOS fans in Indonesia.

The Makemac site is like the local equivalent of 9to5Mac or AppleInsider, focusing on the Apple world. MakeMac dubs itself as the one place for tutorials and reviews for the Mac and iPhone. The site is famous among Mac and iOS users in Indonesia on the Twittersphere and so far has racked up more than 33,000 followers.

When asked about the investment, Willson Cuaca, CEO of Apps Foundry, told PO:

The Apple and iOS platform has always been the priority for Apps Foundry. This investment is in-line with our vision and mission and also it happened organically because the two entities have the same view of the direction of the company.

With this investment, Apps Foundry will run the day-to-day operation of MakeMac, and Kuswanto, the owner of the site, will hold a seat on the advisory board; Sayz Lim is promoted to chief editor. At the same time, Apps Foundry is also having a productive quarter with its Samsung deal.

This might be the first time in Indonesia that we see a startup making an investment in another startup. A sign of more goods to come? After all, Silicon Valley is also now exhibiting that kind of cycle: a startup getting an investment or exit and then pouring its money into another startup.

[Disclosure: Willson Cuaca is an investor in PO at East Ventures, and Joshua Kevin is an associate at East Ventures].


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My first 90 days in a startup

After changing the title of this article from ‘30 days in a start-up’ and ‘60 days in a start-up’ finally here I am with the completed one.90days

Firstly, what makes me write this? Well, I did find loads of stuff on What, Why and how an entrepreneur should do but unfortunately very few resources guiding the early stage employees. After all the reading done on starting up, I learn that team is more important than an idea and still couldn’t find enough guides to help an early stage employee. This may not become the bible for all those looking to join a startup but atleast should give a fair idea of how working for a startup is.

The Journey Begins

After a lot of suggestions from the so-called well-wishers, I still went against all of them and joined a start-up as an early stage employee. Well, a lot of people considered me insane for joining a startup that too after that B.Tech, MBA tag (ROLF don’t even know why I did them). Being a guy in his mid-20’s from a tier-II city in Andhra made things even worse for me as it is considered to be the right time for marriage and lots of strangers started advising me not to take a risk now (ROFL again coz I already have a girl friend J)

All said and done, I packed my bags to Bangalore. I wasn’t surprised at all to see a small room with couple of tables and chairs welcoming me to work. While joining a startup and that too if in an early stage be assured that you wouldn’t be finding air-conditioned spacious cubicles. Having said that, you can also be assured that the founders would take care to provide you most of the things to make you feel comfortable and get the best out of you. Really, where are on earth are you provided with a fridge full of beers to work better?

So, after couple of months into this startup, I see myself as a part of my startup now, its not just another company which pays me, its kinda my company now. I network on twitter whenever I get a chance to promote my startup and no one ever has told me to do that. You automatically are tuned or get tuned to do things which no one would ever told you to. That’s the beauty of working in a startup. You can get that sense of ownership over few things. You are allowed to experiment and learn. You will be informed of the new decisions and also are made part of the decision-making sessions. And more importantly you are considered important.

We (meaning the employee and the founder) also argue over an enhancement or a design change. But finally at the end of the debate/argument we would be happy to agree upon the solution which we feel is the best for our startup.

I very well remember two particular days, sitting in a bus and kinda smiling and feeling proud. On the first instance, I was so happy coz we were appearing in the first page of results for a particular keyword which had high difficulty. We broke into the first page from almost nowhere. And the second instance, when I successfully streamlined a process which had to deal with the unorganised offline market. I seriously cannot remember when I went back home so happily after a day’s work during my whole 2 and half year IT stint. As a startup employee you are sure to experience these kinds of highs.

And let me warn that you will also have your share of lows. Yup, it is part of any and every game. You get depressed when you don’t see the kind of results you expect. The call to action now should be to indulge yourself in something which you are good at, other than your work. May be paint a picture for your office and get appreciation. Am sure you will feel better and are re-energised.

Now comes the worst part. You know what is the worst thing to happen when you are working in a startup? Go and attend a family function. For me, I couldn’t skip this as it was in my house. The first and second questions almost all the guests ask you are “How are you” and “what are you doing now”. You don’t know how much now I hate answering that second one. I at first patiently tried explaining them what is a startup and what we do, until these happened

Case 1:

Mr X: What are you doing now?

Me: Uncle, we are a startup and we are into online selling and buying of second hand mobiles. We also will be expanding to other categories soon.

Mr X: Ohh, so you guys deal with second hand mobiles? So you are similar to the “paata samanlu kontam” guy (you remember that guy who comes with a rickshaw and keeps shouting ‘We buy old stuff”?).

So this uncle thought I was kinda running a second hand mobile shop (dukaan).

After few similar cases, I just comfortably lied to all of them who asked me what I was doing. I said am a software engineer and in return I also got that proud-of-you-my-boy look from all these relatives.

Lesson learnt: Don’t ponder over things which are not important, they only will drain away your positive energy.

You may not be able to spend as a software engineer atleast for the first few months. You will pass by the stores which have SALE written all over them and still cannot afford to buy. But again all these won’t last long. Believe me, just see the bigger picture and pick yourself up. There are better things in store for you. And more than anything while working in the startup, you develop few relationships which will last long, you indulge in few conversations which have a lasting impact on your thinking. And you know what? Facebook too suggests me to add the co-founders of my startup to my close friends list J.

Last but not the least, I wish to thank Mr A.S and Mr S.B for ___(I too dunno) but these people have helped me in unknown ways!

[About the author: Srikanth of PriceShred.com – An online marketplace to buy or sell second hand mobiles in India. Wanna share your startup experience with entrepreneurs? Do connect with us: team@pluggd.in]


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Save today, retrieve tomorrow using SaveandSearch

How many times has it happened with you that you came across a great article, decided to read it later but the next day, you forgot the URL?

Well, saveandsearch is an interesting product which enables you to save anything quickly, that you want to remember for tomorrow.

Be it a TODO list to a web URL, saveandsearch is meant for those who want to save notes quickly and have them store somewhere easily accessible and importantly, easily searchable. The team initially developed this product for internal purpose – to save useful database queries and other important suggestions or tricks that anybody from the team can search on later date.saveandsearch

In order to get started, all you need to do is to write down the task, give it a name and enter your email id (optional, will only be used for future editing/deletion of tasks). You can also have public or private tasks and the platform provides instant search feature to help you retrieve the task easily.

saveandsearch1

If you are wondering what’s cool about Saveandsearch, its probably the great user experience. There are quite a few free online task management products on the web, but kudos to Saveandsearch team for building an appealing interface that has a strong brand recall (spend 5 minutes on the site and tell us what brand colors have they used!).

Having said that, I’d strongly urge the team to launch browser plugins (Chrome/Firefox) as that’s the primary use case/behavior of a user who wants to save notes for later usage.

In its current form, it seems like a simpler version of ‘Read it Later’, but the product can be tweaked to become a team/collaborative bookmarking service etc. In general, the team is competing with task management services to others like Evernote/Read it Later to the most ubiquitous software – i.e. notepad, but a bit of clear positioning can probably help them get better traction.

Watch this intro video of SaveandSearch:

Do give Saveandsearch a spin and share your feedback. Do you plan to use it regularly?


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SMU Public Forum: What Does It Mean to be A Successful Family Business – 24 Feb

Next week, there will be an SMU Public Forum entitled “What Does It Mean to be A Successful Family Business”. The session will be divided into two; the first part will be a talk on Why Family Business Matters by Mr Philippe and Mrs Nan-b de Gaspé Beaubien, while the second part will be a panel discussion on Addressing Business Families’ Needs – Opportunities, Challenges and Solutions. The panel will consist of James Riady of Lippo Group, Marc-Antoine de Dietrich of De Dietrich Process System, and Lee Oi Kum of BarterXchange Singapore, who will join the floor to answer the audience’s toughest questions on family business challenges.


Event Details


When: Friday, 24th February 2012
Time: 330pm-6pm
Where: Mochtar Riady Auditorium, SMU Administration Building, Level 5, 81 Victoria Street, Singapore 188065 (Map)
RSVP by 22nd February 2012.


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The Old Republic Launches in Hong Kong and Singapore on March 1

the-old-republicThe Old Republic, Bioware’s latest MMO and the best recent shot at World of Warcraft‘s crown, is coming to Asia. Specifically, the game will launch March 1 in Hong Kong, Singapore, Australia, and New Zealand. Through digital download, some gamers in those regions may have purchased the game already and begun playing it on American or European servers, but Bioware says those players will have “a limited-time opportunity to migrate their characters from their current servers to Asia Pacific servers after the launch on March 1st.”

Previously on Penn Olson, we looked into whether or not The Old Republic really stands a chance of competing with WoW in Asia. The response to this launch will give us the first indication of how much interest there is in this game in Asia, and if the response is good it’s likely that Bioware’s next move will be to expand into bigger Asian markets like China.

The Old Republic retails for SG$64 and HK$389, but of course there’s also the monthly subscription plan, which still will be charged in US dollars at a rate of $12.99-$14.99 per month depending on what plan you pick. The game is definitely not cheap, and we’ll have to wait and see whether it catches gamers’ eyes in Singapore and Hong Kong.


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Mobile Monday – 20 Feb

Mobile Monday will be having a 5 minutes elevator pitch session from industry innovators such as Pointpal, Yoose, Lobang Club, and Fitness Buffet. All of the elevator pitches will be judged by top-rated judges, such as Rahul Welde of Unilever, Marco Gavin of P&G, Pawan Bahuguna of OgilvyOne, Christian Cadeo of Google Southeast Asia, and Leonardo O’Grady of Coca-Cola. By the end of elevator pitches, the judges will deliberate and impart some choice words of wisdom – while the audience will also be invited to vote through Twitter to select which contestant is most likely to succeed.


Event Details


When: Monday, 20th February 2012
Time: 6pm-9pm
Where: Google Asia-Pacific HQ, 8 Marina View, Asia Square 1, #30-01, Singapore 018960 (Map)
RSVP here.

 


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Man proposes to girlfriend on daily deals site Deal.com.sg

If a daily deals devotee wants to propose to his lover, there’s only one way he can do it — by cutting her a wedding deal. Yep, Singaporean Dexter Ng, a “long-time Deal.com.sg fan”, recently proposed to his girlfriend of two years, Sharmane Ten on the site.

The exclusive deal for Shermane includes lifelong warranty for household chores, food delivery, random kisses, and fathering children. Perks include everlasting and unconditional bliss, love handles on tummy as a safety feature, the stomping of cockroaches within a five metre radius, and many more.

There’s also no expiry date, and the terms and conditions are entirely up to the bride.

She didn’t take long to redeem the voucher.

After the deal was uploaded on the website on 15th February, which includes a recorded online proposal, a representative from Deal.com.sg showed it to her. Dexter then made a surprise appearance, proposing on a bended knee at the Marina Bay SkyPark Observation deck.

“I knew that I wanted to propose to Shermane in a unique and creative way. She loves surprises and is generally an outgoing person, so I was sure that a public proposal would be a great idea,” he said.


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Norvest Venture Invests $15mn in Manthan Systems

Norvest Venture Partners has invested $15mn in Manthan Systems, Bangalore-based analytics firm. Manthan earlier raised $35mn from IDG Ventures, Fidelity etc and will use the funds to launch several new products as well as acquire companies.

From the release:

“Our deep focus on retail analytics, business intelligence and the customer is what has helped us create some of the most innovative products in the BI and analytics space. In addition, we have always been heedful of the fact that the sophisticated analytics we create need to be easy to adopt, deploy and use,” said Atul Jalan, Founder & CEO, Manthan Systems.

Every business discussion today segues, one way or the other, into analytics. With markets facing tough times worldwide, retailers are suddenly and prudently opting for the security of data. More and more retailers are harnessing and profiting from the power of analytics to make better and faster decisions. While reliance on analytics is still an evolved market phenomenon, retailers across the world are taking steps towards securing their aisles.

“Manthan Systems has done an incredible job of building products that produce significant results for its clients. The company has focused on retail and CPG customers, resulting in impressive growth and increased market share,” said Mohan Kumar, Executive Director, NVP India. “In a market that demands decision making on the run, Manthan’s suite of best-in-class products is poised to make a significant impact on global retail. Backing Manthan reinforces our belief in the next generation business analytics sector as shown through NVP’s investments in such companies as 1010data and The Retail Equation (TRE).”

Manthan plans to use this round of funding to help retailers gain a distinct advantage over the competition. In the next year, Manthan is looking to launch several new products as well as  acquire organisations that share Manthan’s philosophy of innovation. Additionally, efforts are underway to ensure that the next few products in production are as innovative and powerful as the company’s current suite of offerings. The intent is to launch ground-breaking products in adjacent markets and leverage the power of cloud computing and SaaS. Manthan is also enabling mobility for all its products, including ARC, which is already iPad enabled.

Today, Manthan’s retail performance management solutions have been deployed with 70 of the biggest names in retail such as McDonald’s, Crocs, Ecco, Love’s, Ashley Stewart, Teavana, Robinsons, Ripley, Woolworth, SM Retail, Mydin, Abenson, Haggen and GAME Group Plc. As a result of this funding, Mr. Mohan Kumar, Executive Director at NVP, has joined Manthan’s board of directors. Manthan’s existing investors include Fidelity and IDG Ventures.


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