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Live Blog – Startup Lessons Learned: Building of Sri Lankan Tech Ecosystem

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Whilst late to the game, Sri Lanka is finally waking up to the important role tech startups could play in moving Sri Lankan economy forward. This event intends to open your mind and invite you to take an active role in the development of the Sri Lankan tech ecosystem.

Event info: here.

 

Full video coverage:

 

Photo Album: here.

From Press From Press Mar 3, 20147:18 pm

Thanks to everyone who tuned in.

God Night. This is team digit signing off from Orion City.

From Press From Press Mar 3, 20147:17 pm

Food is sponsored by Microsoft SL and i thinks it is time to wrap up.

From Press From Press Mar 3, 20147:15 pm

Lets concentrate on starting local startups in SL rather than talking about foreign startups. Ruwindu mocks a questioning person.

From Press From Press Mar 3, 20147:09 pm

Ruwindhu asked a few question from the audience.

From Press From Press Mar 3, 20147:01 pm

What does we have to do to make the gov say yes to these policy changes? Jeevan asks.

From Press From Press Mar 3, 20146:57 pm

Anushka kind of agrees with ll the fellow panelists.

From Press From Press Mar 3, 20146:55 pm

I agree there are things to be done from gov’s end as well such as paypal. it is important that the government makes these things feasible. Gov has the role of creating the ecosystem. – Deshal

From Press From Press Mar 3, 20146:54 pm

Right now the issue is with us. I think we need to help ourselves right now. There is a lot to do and we need to do it quickly. – Ruwindhu

From Press From Press Mar 3, 20146:51 pm

You cant run tech startups the same way you would run a normal startup. – Deshal

From Press From Press Mar 3, 20146:45 pm

if we can get the schools right, it would be great. building the entrepreneurial skills from a young age is what i propose. – Anushka

From Press From Press Mar 3, 20146:42 pm

There is also Software development kind of thingy going on which i think is unnecessary. – Fayaz

From Press From Press Mar 3, 20146:39 pm

I think you should see tech as the same as you would see any other industry. For me, this is same as other industries. – Anushka

From Press From Press Mar 3, 20146:34 pm

Ruwindhu from SLASSCOM
Anushka from IPS
Fayaz from ICTA
and Deshal from Sampath Bank will be our panelists in the 2nd panel discussion.

Manoj will moderate

From Press From Press Mar 3, 20146:29 pm

1st panel discussion concluded and we are going to a second one.

From Press From Press Mar 3, 20146:24 pm

A bit of more education and encouragement is what we need. – Jeevan

From Press From Press Mar 3, 20146:21 pm

Do more with less. We have at-least 5-6 new competitions every year. Ecosystem is lacking mentor ship. People giving time rather than money is more valuable these days. – Jeevan

From Press From Press Mar 3, 20146:18 pm

Are we ready technical wise for the next stage?

Now you can start services around devices like this and for every person in SL, i think there are 2+ mobile devices. – Manoj

From Press From Press Mar 3, 20146:15 pm

We all represent Sri Lanka and I think SLASSCOM is doing it wonderfully. – Jeevan

From Press From Press Mar 3, 20146:13 pm

I’d like 100% internet penetration in SL.
A bigger talent port.
A GDP Capita of 55000$ are the 3 things Lahiru would want for his business.

This was a question by Ruwindhu Peiris, Director of Stax Inc and an LAN Investor.

From Press From Press Mar 3, 20146:09 pm

Failure is definitely not the end. Even in UK it is being looked down. But in USA, if you are learning from your failures, it is considered great. I assume you probably have some issues. – Manoj

From Press From Press Mar 3, 20146:06 pm

Doesn’t our edu system provide enough suppost to our students because they are hesitant to start a startup?

In entrepreneurship there can be many answers. In SL if you fail, you are shrunk. This mindset is changing. – Jeevan

From Press From Press Mar 3, 20146:01 pm

Now suddenly this entrepreneurship is in media. Entrepreneurship is not a job. It is really not for everybody. – Manoj

From Press From Press Mar 3, 20145:59 pm

I am not sure if i know the formula for an individual to thrive up and to become an entrepreneur. – Jeevan

From Press From Press Mar 3, 20145:57 pm

What are the lessons we can learn from Manchester?

We like it or not, our parents make decisions for us for the betterment of us. We need more people to take chances at a young age. – Lahiru

From Press From Press Mar 3, 20145:54 pm

What made you become an entrepreneur? Moderator asks from Lahiru.

I suppose i have a very expensive taste. essentially this gave me 2 options. A calculated decision was taken and then i created takas.lk. – Lahiru

From Press From Press Mar 3, 20145:51 pm

Now we have all 3 speakers on the head table for a panel discussion.

From Press From Press Mar 3, 20145:50 pm

We have around 55 investors in LAN to give you mentor ships and invest on you.

This is a great time to start a startup in SL. with that note, Jeevan concludes.

From Press From Press Mar 3, 20145:48 pm

A business model should be able to make the local business to the international level. Scalabilities are important. – Jeevan

From Press From Press Mar 3, 20145:46 pm

You are not looking at quick cuts and these kind of integrity values means a lot to me. – Jeevan

From Press From Press Mar 3, 20145:44 pm

Lankan Angel Network does fund startups. Having created that, it is great to see that Startup ecosystem is growing in Sl. – Jeevan

From Press From Press Mar 3, 20145:43 pm

Dont be afraid to fail but get used to it and get back up quick. – Jeevan

From Press From Press Mar 3, 20145:42 pm

From Press From Press Mar 3, 20145:41 pm

Jeevans entrepreneur career started when he was in uni.

There was a lack of IT ecosystem in SL and that is how Orion City started. – Jeevan

From Press From Press Mar 3, 20145:37 pm

Jeevan says he does not have a slide deck to present today. But nevertheless, he will be sharing with us about his experience.

From Press From Press Mar 3, 20145:36 pm

Lahiru got done with his presentation.

Jeevan Gnanam is next up. Who is an Angel Investor and Director at SAKS.

From Press From Press Mar 3, 20145:34 pm

Believe in what you do while being honest. Investment doesn’t come only by rupees. You make life long friends. – Lahiru

From Press From Press Mar 3, 20145:33 pm

In this in between time, refine your presentation, learn your strength and weaknesses. – Lahiru

From Press From Press Mar 3, 20145:31 pm

You need to really brush up on the story before pitching. Get to know who your are about to pitch. – Lahiru

From Press From Press Mar 3, 20145:29 pm

Before pitching your idea to your investors, pitch to your family and friends.

And then think through your business model according to their feedback. – Lahiru

From Press From Press Mar 3, 20145:27 pm

If you can’t connect with people, if you don’t know what your investors are interested in, you are doing it wrong. – Lahiru

From Press From Press Mar 3, 20145:24 pm

Everybody should essentially should make their own thing. – Lahiru

From Press From Press Mar 3, 20145:22 pm

Next up, we have Lahiru Pathmalal, co-founder of takas.lk

From Press From Press Mar 3, 20145:20 pm

People need to be more aware of these kind of events.

Manoj concludes.

From Press From Press Mar 3, 20145:18 pm

It is a myth that all the businesses from San Francisco will take over. In UK it is harder than SF and in SL, it is much more harder to start a startup and keep going. – Manoj

From Press From Press Mar 3, 20145:16 pm

Manoj shares an app which he really likes ‘ evernote’ which promises to protect your online data. – Manoj

From Press From Press Mar 3, 20145:13 pm

If really want to get the fraction, follow salesforce.com s sales policy coz that is a company which attracts customer and distributes well. – Manoj

From Press From Press Mar 3, 20145:11 pm

Capital: It is really hard to build a company without venture capital. So, you need to have a external capitol campaign. – Manoj

From Press From Press Mar 3, 20145:10 pm

Billion dollar is not cool anymore. Your founder team does makes adifferent because most of the companies end up in partner struggle. – Manoj

From Press From Press Mar 3, 20145:08 pm

Most successful company stories are about them having a problem and trying to solve it. For example facebook and twitter.

From Press From Press Mar 3, 20145:06 pm

All startups start with an idea.

You have a problem.
you find a solution.
you end up doing something about it. – Manoj

From Press From Press Mar 3, 20145:03 pm

After 2 years of completing my MBA, i figured out that i did not know anything about startups.

I lost lot of money, lost 2 years of my life. – Manoj

From Press From Press Mar 3, 20145:01 pm

an MBA gives you over confidence at times and that is what happened to me. – Manoj

From Press From Press Mar 3, 20145:00 pm

Education is becoming free and massive disruption is happening in UK. – Manoj

From Press From Press Mar 3, 20144:59 pm

Getting a startup going on is very risky. At times you get emotionally involved. – Manoj

From Press From Press Mar 3, 20144:57 pm

First of all we have Manoj Ranaweera, Founder of Techcelerate.

From Press From Press Mar 3, 20144:55 pm

Things are about to get serious. :P (Just about to start)

From Press From Press Mar 3, 20144:31 pm

Stay tuned with us for more info while the event commences.

From Press From Press Mar 3, 20144:31 pm

Hey all. this is team digit, Live from Orion City Cafeteria to bring you live updates from ‘Startup Lessons Learned – Building of Sri Lankan Tech Ecosystem’ event happening now.

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