After a successful start up workshop, “Toward Agile” by the ‘DevOps team of National School of Business Management’ in association with ‘99X Technology’ is ready to move on to the next workshop “The Apprentice – Be Ahead in the Game”.
More info: here
What does Facebook founder Mark Zuckerberg, Virtusa Founder Kris Canekeratne and Amazon Founder Jeff Bezos have in common? They have successfully utilized capital markets to unleash the inherent value of their tech company up and still maintained control of their enterprise.
Join the likes of Candy Crush Saga developer King, music-sharing service Spotify, lodging service AirBnB and payments company Square who are all looking to utilize the capital markets to fund the next stage of their company’s expansion strategy.
Checkout our event page here to find out more about the event. Agenda is accessible here.
Full event coverage:
Photo Album: here.
The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission (SEC), in association with the Sri Lanka Association of Software and Service Companies (SLASSCOM) is scheduled to host a forum to educate the IT-BPO and Knowledge Services industry on the importance of going public.
The Forum is another step to attract companies that are of high value and worth to the capital market, in order for them to enter into a mutually beneficial partnership of wealth creation and value addition with the public.
The potential-issuer relations forum will be held on the 5th of March at the Dialog Future World Auditorium, from 08.30 am to 11.00 am
The programme will commence with an introduction to the benefits of listing by CEO-CSE Mr. Rajeeva Bandaranaike, followed by a presentation on “Valuing your Company” by Vice-President of Copal Amba (A Moody’s Subsidiary) Mr. Asanka Herath. Chairman-SLASSCOM Mr. Madu Ratnayake will also speak at the event.
The Chief Executive Officers and Chief Financial Officers of potential-issuer companies, from the target industry, will be given an opportunity to pose their questions to a panel of distinguished personnel from the capital market. The panel will comprise of Director-CSE Mr. Ray Abeywardena, AGM-Regulatory Affairs-CSE Mr. Renuke Wijayawardhane, Deputy Director General & Officer-in-Charge- SEC Mr. Dhammika Perera and will be moderated by Executive Director-SLASSCOM Mr. Imran Furkan.
The forum is further seen as an ideal opportunity for the decision makers of these entrepreneurial endeavors to mingle and network with the senior management representatives of Investment Banks, to build mutually beneficial relationships for the future.
“Sri Lankan IT/BPM industry is on a rapid growth trajectory and gaining increasing attention globally. We would anticipate a growth of over 23% YoY this year at industry level, therefore many of the SLASSCOM companies are now gearing for their next phase of growth. Listing on the Stock Market would create avenues for companies to raise funds for this growth acceleration and will provide the general public an opportunity to participate in this very exciting growth phase of the industry, as investors. We are delighted to work with SEC and CSE to help companies understand the journey of raising funds from the capital market”, Chairman of SLASSCOM Mr. Madu Ranayake said.
“The Sri Lankan Capital Market is a vibrant atmosphere where long established, as well as entrepreneurial businesses can thrive by raising capital and maintaining a high standard of accountability to their stakeholders. By entering this affirmative environment members of the knowledge services industry in Sri Lanka can benefit a great deal”, Deputy Director General & Officer-in-Charge- SEC Mr. Dhammika Perera said.
“Listing on the Stock Exchange helps a company enhance its corporate profile and gives it a competitive advantage, while helping the company increase its worth by attracting strategic investors and high value employees. These benefits boost the prestige of a company and can thereby be utilized to fund the next stage of a company’s expansion strategy,” CSE-CEO Rajeeva Bandaranaike said.
While going through a startup struggle, writing a review for this book has been immensely challenging as this turns out to be my first book review. However, the beauty of this book is that it has motivated and guided me to complete crucial phases of my startup as I read through it.
The GIST of this book is that it’s about the PURPOSE of everything an entrepreneur experiences in building a successful startup. This book is clearly exclusive as it is written to address key issues of entrepreneurship for many reasons briefed below.
Guy Kawasaki has used his expertise on this subject from various aspects of his career being an evangelist, an entrepreneur & a venture capitalist. This gives Kawasaki the perfect leverage to attract and give the reader an interactive experience.
One main reason for success of this book has been the precision in identifying and sequencing phases of a startup. Discussed below are some of the most notable elements of the important phases.
- Causation is the starting point of entrepreneurship. The entrepreneur is helpless at this stage and often gets in to hasty conclusions to prove what he/she believes is correct. This chapter provides guidance to rigorously question and clarify the purpose of initiating a startup.Kawasaki continues to prove his mastery practicality by highlighting the importance of stepping in to the executing phase while planning for long term. Simultaneously there is focus on launching a prototype along with building your Mantra.
- Articulation is undoubtedly the bitterest phase of a startup for any entrepreneur,and is often rushed through. As a result, most good startup concepts fail and never take off. In this chapter the venture capitalist in Kawasaki takes a different approach compared to accepted norms.Kawasaki engages the reader closely by diving into tactical aspects of positioning, pitching & planning. Practicing the concepts of “10/20/30 Rule”and“Answering the little man”mentioned under this chapter, guides the reader to smoothly cross through the Articulation phase.
- Activation is the phase that an action biased entrepreneur is anxious to achieve. This is also widely known as the toughest phase of a startup. In this 40 page chapter, whilst emphasizing on the truth of making ideas happen, Kawasaki reinstates the saying;“It’s not about the idea, it’s about making the idea happen”. Building bottom up forecasts, shipping before testing, making money through your Mantra and making recruitment a daily practice could be some of the most valuable lessons a reader would learn.
- As the startup moves to next levels, gaining acceptance (market & internal) becomes a key driver for success. Therefore the chapters of Proliferation & Obligation are focused on this element. Tactics for building a brand and identifying opportunities for rainmaking are discussed comprehensively while making connections to interesting concepts through other sources.
The above reasons are only a minor contribution to the success of Kawasaki’s book. However, following are the main reasons readers and entrepreneurs alike are drawn to this book making it a phenomenal success.
- Entrepreneurs by nature are casual and informal people. They rarely follow manuals and procedures.As an entrepreneur himself, Kawasaki has applied this informality in his writing to display an authentic feel of the different phases of startups. Each heading/sub heading of this book is constructed in an informative and advisory format.Through this Kawasaki ensures the reader remembers the key messages.
- Entrepreneurship is about making mistakes. Gradually those mistakes turn out to be the very reasons for the success of a startup. At the beginning of each heading, Kawasaki has highlighted all mistakes that startups do before contrasting it with the right means to go out tasks. This approach is far more effective in comparison to dishing out the right methods to readers.
- Many books provide exercise pauses for the reader to think through and action relevant tasks.This is often skipped and never revisited. However, the distinctiveness and practicality of points laid and appropriateness in selecting exercises convinces the reader to complete those.
- Frequently Avoided Questions is one of the favorite elements of this book. The reader would find appropriate answers for questions which are ignored by their advisers and most importantly new questions shaped to provide food for thought.
- One may question whether this book is being intended only for small startups. The answer is No. Guy Kawasaki brings in his real life experience of working at Apple Inc. to unveil some valuable thoughts on how to nurture startups within large corporations. This is rarely found in traditional books on entrepreneurship.
In conclusion, this book deserves a ranking of 4 out of 5 for above mentioned reasons.However, more real world startup examples in relation to specific topics discussed would have been a value addition.
Reading “The Art of The Start” should definitely be Part of The Start – Ruzan Ahamed
Apple started a wave when it announced its new A7 processor--the brain of all its flagship products—would be 64-bit. Competitors have been keen to catch up, and now Qualcomm’s making its move with the new Snapdragon 410, the first 64-bit chip in the line. The catch? It’s for low and midrange phones.
You, dear gadget-obsessed Gizmodo reader, might not be the in the market for the kind of ~$150 phones the Snapdragon 410 is aimed at, but the chip will be bringing some high-end features to the lower end; stuff like LTE and better graphics. But so far, there’s no wildly compelling argument for the 64-bit part. Though if low-range phones somehow get to the point of backing in more than 4GB of RAM (32-bit’s limit) it’ll come in handy.
So while cheap phones aren’t going to getamazing anytime soon, it’s always good to see them getting better, because everyone deserves a decent futurepocketcomputer of awesomeness. [AllThingsD]
Source - http://gizmodo.com/the-first-64-bit-snapdragon-processor-wont-be-in-a-pho-1479862594
Elon Musk has had a tough couple of weeks, but perhaps this will come as some consolation.
Fortune Magazine has named Musk the top businessperson of 2013 based on the revenues and stock price gains from three companies he founded — Tesla, SpaceX and SolarCity — and the “cultural impact” he has had through these and other ventures, including the much-discussed Hyperloop concept.
“The co-founder of PayPal has gone on to disrupt aeronautics with Space Exploration Technologies, known as SpaceX; shake up the auto business with Tesla Motors; and retool the energy sector with SolarCity,” Fortune notes in its writeup of Musk. “But it is his audacity and tenacity that make him Fortune’s Businessperson of the Year.”
This accomplishment comes at a tenuous time for Musk as one of those companies, Tesla, is struggling to beat back concerns following reports that several of its cars have caught fire. Tesla’s stock had approached nearly $200 a share, a more than sixfold increase for the year, but has since dropped back down to the low $120 range.
Musk isn’t the only tech exec to rank high on Fortune‘s list. The CEOs of Netflix, Amazon andGoogle all cracked the top 10. Angela Ahrendts, the current CEO of Burberry and soon-to-be retail exec at Apple, ranked fourth on the list as well.
Sourece : http://mashable.com/2013/11/21/elon-musk-fortune-award/#_