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.
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Thanks to everyone who tuned in.
God Night. This is team digit signing off from Orion City.
Food is sponsored by Microsoft SL and i thinks it is time to wrap up.
Lets concentrate on starting local startups in SL rather than talking about foreign startups. Ruwindu mocks a questioning person.
Ruwindhu asked a few question from the audience.
What does we have to do to make the gov say yes to these policy changes? Jeevan asks.
Anushka kind of agrees with ll the fellow panelists.
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
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
You cant run tech startups the same way you would run a normal startup. – Deshal
if we can get the schools right, it would be great. building the entrepreneurial skills from a young age is what i propose. – Anushka
There is also Software development kind of thingy going on which i think is unnecessary. – Fayaz
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
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
1st panel discussion concluded and we are going to a second one.
A bit of more education and encouragement is what we need. – Jeevan
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
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
We all represent Sri Lanka and I think SLASSCOM is doing it wonderfully. – Jeevan
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.
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
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
Now suddenly this entrepreneurship is in media. Entrepreneurship is not a job. It is really not for everybody. – Manoj
I am not sure if i know the formula for an individual to thrive up and to become an entrepreneur. – Jeevan
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
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
Now we have all 3 speakers on the head table for a panel discussion.
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.
A business model should be able to make the local business to the international level. Scalabilities are important. – Jeevan
You are not looking at quick cuts and these kind of integrity values means a lot to me. – Jeevan
Lankan Angel Network does fund startups. Having created that, it is great to see that Startup ecosystem is growing in Sl. – Jeevan
Dont be afraid to fail but get used to it and get back up quick. – Jeevan
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
Jeevan says he does not have a slide deck to present today. But nevertheless, he will be sharing with us about his experience.
Lahiru got done with his presentation.
Jeevan Gnanam is next up. Who is an Angel Investor and Director at SAKS.
Believe in what you do while being honest. Investment doesn’t come only by rupees. You make life long friends. – Lahiru
In this in between time, refine your presentation, learn your strength and weaknesses. – Lahiru
You need to really brush up on the story before pitching. Get to know who your are about to pitch. – Lahiru
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
If you can’t connect with people, if you don’t know what your investors are interested in, you are doing it wrong. – Lahiru
Everybody should essentially should make their own thing. – Lahiru
Next up, we have Lahiru Pathmalal, co-founder of takas.lk
People need to be more aware of these kind of events.
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
Manoj shares an app which he really likes ‘ evernote’ which promises to protect your online data. – Manoj
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
Capital: It is really hard to build a company without venture capital. So, you need to have a external capitol campaign. – Manoj
Billion dollar is not cool anymore. Your founder team does makes adifferent because most of the companies end up in partner struggle. – Manoj
Most successful company stories are about them having a problem and trying to solve it. For example facebook and twitter.
All startups start with an idea.
You have a problem.
you find a solution.
you end up doing something about it. – Manoj
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
an MBA gives you over confidence at times and that is what happened to me. – Manoj
Education is becoming free and massive disruption is happening in UK. – Manoj
Getting a startup going on is very risky. At times you get emotionally involved. – Manoj
First of all we have Manoj Ranaweera, Founder of Techcelerate.
Things are about to get serious. (Just about to start)
Stay tuned with us for more info while the event commences.
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.