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Surviving, Thriving and Splitting on the StartupBus to SXSW
BY: Cameron KengStartupbus, for those unfamiliar is a competition where 10 cities (11 this year) each have a bus heading towards Austin, TX for SXSW. The goal is to create a startup in 3 days with complete strangers after getting on the bus. It’s a hackathon on wheels. Highlights that I’ve experienced thusfar: Vomiting. This trip is [...]
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The Founder Dilemma: Risk, Equity Dilution, And Term Sheets
BY: Cameron KengStartups are glamorized into overnight successes that roll over obstacles like a runaway freight train. This is the myth that every real startup founder hates and fights. Yet, the irony of the situation is that a founder needs this myth in order to secure funding and an eventual exit through either an initial public offering [...]
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Startup Lingo Translation: Pivot = F*ck!
BY: Cameron KengWhen a startup tells you that they’re pivoting, read as, “We completed f*cked up.” Pivot is the newest way people have framed their mistakes and spun their alchemy to change their turds into gold. A pivot generally results in a company transitioning their product into an entirely different product or they would pull a complete [...]
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Why You Should Sell First Then Give It Away For Free
BY: Cameron KengThe current obsession with “product” is probably the worst thing to hit the startup community since Color. Worry about selling. Building a product before you’re able to sell it is a guaranteed recipe to fail — hard. I recently started a new business and my first task was to sell. I pre-sold my product based [...]
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Asia’s Answer to Y Combinator, 500startups and TechStars
BY: Cameron KengAsia is drooling at the chomp to recreate the startup magic that the United States has in San Francisco and New York. Their answer is the following: Startup Labs Startup Weekend has operated in over 130 cities and 35 countries. They’ve been given the opportunity to expand their operations globally with a new incubation model. [...]
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Bing Should Have Googled ‘Bing’ In Chinese
BY: Cameron KengThere’s a reason why American companies can’t seem to grasp Asian markets. Why? Culture. Startups and established companies need to understand that simply throwing a branch down in a random Asian country is probably going to result in an embarrassing and costly mistake. The Asian markets vary too much in complexity and culture from the [...]
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International Spotlight: The Tech Startup Scene In Perth, Australia