Home Events Live Blog – Google Business Group: Starting a Startup

Live Blog – Google Business Group: Starting a Startup

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Stay tuned with us.

The event is scheduled to start at 6.00 PM. Team digit is prepared to bring you Live Updates on the event as it happens.

Event info including the agenda, can be accessed here.

From Press From Press Feb 6, 20148:53 pm

Good Night. diGIT team, signing off.

From Press From Press Feb 6, 20148:52 pm

Thank you folks for turning up. Catch you all in another event.

From Press From Press Feb 6, 20148:51 pm

Since it is almost 9 and late, the crowd disperse quickly.

From Press From Press Feb 6, 20148:49 pm

Indu give away some pointers to ponder on. Thanks everyone.

From Press From Press Feb 6, 20148:44 pm

Romesh concluded. He is up for QnA session.

From Press From Press Feb 6, 20148:43 pm

Education is a part of entrepreneurs now.
Academia now train high education to students to build businesses.- Romesh

From Press From Press Feb 6, 20148:33 pm

Romesh recalls an incident which took place at the Uni, to him where they came up with a data mining prediction system for a friend.

From Press From Press Feb 6, 20148:26 pm

Nurturing startup model:

Patent costs are met by Unis.
Advice and Mentoring provided.
Gives back 90% of the ownership of the startup, back to the student.

From Press From Press Feb 6, 20148:22 pm

Most universities, therefor are switching to a ‘nurturing start-ups’ model. – Romesh

From Press From Press Feb 6, 20148:21 pm

Licensing and Patenting has been proven to be successful for only few universities around the world. – Romesh

From Press From Press Feb 6, 20148:17 pm

Romesh talks about the rise of Doctorates.

From Press From Press Feb 6, 20148:15 pm

Disruptive innovation through research, is the topic Romesh is about to talk.

From Press From Press Feb 6, 20148:14 pm

Romesh Ranawana, Chief Technical Officer of SimCentric Tchnology is up next to present his speech.

From Press From Press Feb 6, 20148:11 pm

” The boat matters more than the rowing. ” With that quote, Jayomi concludes.

From Press From Press Feb 6, 20148:07 pm

Competition is a must as well. Which will motivate you to do better and bring out the best in you at times. Different outputs might come into the market.

From Press From Press Feb 6, 20148:06 pm

Marketing budget is something to tackle. Have allocation which would save you more. – Jayomi

From Press From Press Feb 6, 20147:59 pm

Efficacy
Credibility
Size are the objections you can face as hurdles in your journey.

From Press From Press Feb 6, 20147:53 pm

Entrepreneur Traps:

Starting late
Failing to validate
Deep discounts
Failing to seek strategic buyers

From Press From Press Feb 6, 20147:46 pm

Handling sales strategies properly can be more critical than researching and developing the product itself. – Jayomi

From Press From Press Feb 6, 20147:42 pm

How do you get users to beta test your apps until its popular and how do you make it popular enough to make users to beta test it?

This is the problem.

From Press From Press Feb 6, 20147:40 pm

Starting a Startup is like ‘Chicken and Egg problem’.

From Press From Press Feb 6, 20147:38 pm

In my context, our original idea was to launch a mobile research platform.

From Press From Press Feb 6, 20147:35 pm

She is about to talk on ‘turning your idea into a great business’.

She says in their way along, they have done a hell lot of mistakes and they learnt from them. Those lessons brought them here.

From Press From Press Feb 6, 20147:33 pm

Jayomi Lokuliyana will talk to the crowd next. She is the CEO and Co-founder of zMessenger.

From Press From Press Feb 6, 20147:31 pm

Your customer don’t know that they have problems. There is a way of letting them know.

Chandika concludes.

From Press From Press Feb 6, 20147:28 pm

Build in small batches.
Test with customers.
Learn.

And start now.

From Press From Press Feb 6, 20147:26 pm

Chandika is talking about Customer development.

From Press From Press Feb 6, 20147:24 pm

Shadow belief #1- We knew what the customer wants
#2- We thought we accurately could predict the future – Chandika

From Press From Press Feb 6, 20147:18 pm

Our outcome was that we had no customers, No money, no revenue and no morale.

But we had a plan. We were focused on a single market. – Chandika

From Press From Press Feb 6, 20147:13 pm

In 2007 when Cinergix started, we were a Intelligent Visual Modeling Software creating company. -Chandika

From Press From Press Feb 6, 20147:09 pm

Change direction, but don’t stop learning.

From Press From Press Feb 6, 20147:08 pm

What do most of the successful startups have in common? They all weren’t what they are today when they all started. Eventually they evolve. – Chandika

From Press From Press Feb 6, 20147:05 pm

It is important to get into the market rather than just growing. Or else how would you know if your product fits the market ot no?

From Press From Press Feb 6, 20147:03 pm

It sucks when you do some new stuff and fall bottom ground.

This is what Chadika is talking about.

From Press From Press Feb 6, 20146:59 pm

A startup got nothing to do with the size of the company or the sectors of the economy. It is a human human institution. – Chandika

From Press From Press Feb 6, 20146:57 pm

Most startups fail. You can’t be the only one who come up with ideas. There might be dozens of people who get the same idea as you, but it is all about expressing and implementing it. – Chandika

From Press From Press Feb 6, 20146:56 pm

Chandika says that Creately was their very first product and it is still is cherished bu the global users of it.

From Press From Press Feb 6, 20146:53 pm

Our next speaker would be Chandika Jayasundara. Who is the CEO and the Co-founder of Cinergix. He intends to talk on ‘running a lean startup’.

From Press From Press Feb 6, 20146:48 pm

Rasika also gives a small intro and his views on MIT Global Startup Labs and introduces Ruwindu Peiris to the audience.

From Press From Press Feb 6, 20146:44 pm

Rasika concludes and he is getting question from the audience.

From Press From Press Feb 6, 20146:43 pm

Around 250 Millions were invested in food start-ups only in the year 2013 in US. – Rasika

From Press From Press Feb 6, 20146:42 pm

Merchant to consumer interaction, touch screen virtual menus and so much can be implemented. – Rasika

From Press From Press Feb 6, 20146:40 pm

Since Leapset is into Restaurant business, they have a report which says there are 1 million restaurants in the US. A big big market to address. – Rasika

From Press From Press Feb 6, 20146:38 pm

Open Table, is another example says, Rasika. Unfortunately they are competing company with Leapset and they are doing very well. Rasika cracks a joke. ;)

From Press From Press Feb 6, 20146:34 pm

UberCab is a similar company. He now shares videos of the regarding company.

From Press From Press Feb 6, 20146:31 pm

Rasika explains how hard at times and how easy at times it is to start a startup, depending on the situation.

He shares the story behind AirBnB.com

From Press From Press Feb 6, 20146:28 pm

First of all, Rasika Karunathilake, General Manager of Leapset will address the gathering. He is planning to talk on ‘critical steps for Entrepreneurs and Innovators’.

From Press From Press Feb 6, 20146:26 pm

Hey. diGIT team Live from the event.
Google Business Group Presents, ‘Thinking of Starting a Startup’.

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