Collage of the collectors we met during Startup Asia 2013. They came to our booth to find out what we were doing, and we ended up having a lot of fun talking about the things we have collected before :)
This time, it’s Zack, the boss geek at Collectibly. An avid trading card gamer himself since young, he has accumulated a huge collection of “Vs. System (Marvel & DC)” and “Magic The Gathering” cards. One of these days we are going to snap a photo of each card in his entire collection.
Whether you’re collecting art, vintage, geeky, limited edition or branded stuff… we want you to know that with Collectibly, you can “Keep Calm and Collect Them All”!
Collectibly is where collectors come to show and tell. It’s a virtual display shelf that will change the way we interact and connect with the beautiful things we own and cherish.
We are a small team based in Singapore and we want to change the world for the better starting with the way...
One thing I've come to fear a lot is the act of thinking too much. The tech startup world moves so quickly that if you're doing nothing, you can consider yourself to be moving backwards. The one thing we need to constantly do is to keep moving forward.
Assuming we don't get ourselves distracted by things that don't matter (eg. non work related stuff like video games or pseudo work related stuff like excessive networking as stated in the Distractions section of Jessica Livingston's post on "What Goes Wrong"), the only other thing that can stop us from moving forward is analysis paralysis. Thinking & talking without the action.
You won't know until you start doing.
The fact is that action trumps thought because most of your assumptions will be wrong. If you don't put your assumptions to the test by validating with real people, you're likely to build something nobody wants. (cue Lean Startup link)
Pointing back to Jessica Livingston's post, making something that people want is hard, and founders need to find a focus in three main things: building things, talking to users and exercising.
One good way to find out if you're wallowing in the pits of analysis paralysis is to answer these questions:
"Am I building something?"
"Am I talking to users about what I built?"
If you're not, why not?
We might think that Instagram was a runaway hit. They got it. They knew what was gonna be popular and they built it. But in truth, they only learned about what people would love by building burbn and realizing that people wanted to share beautiful square shaped photos with nice filters.
Would they have known that without continuously working on Burbn even though they only had about 80 active users? What if they drowned themselves in self pity early on and started over thinking things and stopped figuring out what users wanted to do?
Plan for doing more, thinking less.
Planning and thinking for the future is a good exercise, but it HAS to be complemented with action because planning and thinking does not help you learn much.
With that said, action focused planning will be my way forward. Figure out milestones for the product and work on achieving those goals.
It's probably one of the least rational thing to do especially since you've spent most of your waking hours pondering a difficult problem. Sleeping just seems like more waste of time.
However, I've found myself coming up with solutions to these problems during states of half consciousness. This phenomena isn't new. It has been well documented as a source of ideas.
From Wikipedia:
Hypnagogic cognition, in comparison with that of normal, alert wakefulness, is characterized by heightened suggestibility,[39] illogic and a fluid association of ideas.
Putting Sleep To Work
In order to maximize the effectiveness of this, I try to think of a difficult problem before a nap. I don't often do this during normal sleep because I'm still unsure of whether it'd impair the quality of my sleep so I try to do these during naps.
So far, it's been pretty effective for coding and business related issues. I still can't draw for nuts no matter how much I think about design, but I've had great UX ideas come to me from these half conscious state of sleep as well.
For people solving tough problems everyday, it's worth a try.
Advice for Non-Technical Founders: Stop Learning To Code
I started off as a half ass-ed technical founder. I was decent at building static websites but all I've ever really built with Rails was a shopping cart with code I duplicated from a book. Within a few months of building Zestyl,
I've settled into the role of a technical founder and now spend most of my waking hours building the product.
So you must be thinking, "What? A non-technical founder who learned how to code is asking me not to? WTF is this shit?". Now now... let me explain. I'm bringing this up because there are people who advocate learning to code so as to gain respect from potential technical co-founders. That's utter nonsense so stop wasting your time.
2 Main Functions of an Early Stage Startup
A startup needs to carry out 2 functions really well in the early stage. We need to build a good product and we need to build traction. These are the very basics of execution we need to get right at the beginning. Whether you're going lean, mobile first, test driven, agile, social or whatever... Just get those two things right first. Those will get you to product / market fit and that is the first real check point in your journey.
If you ask most startups, they'll tell you that building a product is way easier than building traction. Seriously, coding your product up is the easy part. Actually getting people to know about it and to use it regularly is tough. You need some serious hustling skills to move the needle every single day. (Building a product that people love is another story altogether, but it'll still require you to get Product and Traction right)
Please Don't Waste Time
As a technical founder, I really couldn't give two hoots about whether you have any technical chops or not. Yes, there should be mutual respect but what will help you gain my respect is your ability to acquire users. You'll gain my respect if you're able to execute the most efficient plans that will help as many people know about and use the product as possible.
If you're going to take up the role of the non-technical founder, please do not waste time. Time is one resource we will always be short of and you will have way more on your plate than you will know how to deal with so keep your mind focused on gaining traction.
Lucky for me, Jalen who's my non-technical co-founder has taken up the challenge of moving the needle so that Zav and I can concentrate on building the product. It's a major burden lifted off our shoulders as ding dong-ing between product and traction WILL waste a lot of time. Focus is key.
P.S. One caveat: The only time you should ever be spending time learning to code is if you are the one who's building the product.
Starting Up: Inspiring Talk by Kevin Systrom and Mike of Instagram
I guess it's no mere coincidence why Kevin Systrom and Mike Krieger's talk is really inspirational to me, particularly because they built v1 of their product without having any prior computer science degree.
I graduated from the Business School undergrad programme of the National University of Singapore and I unfortunately screwed up my interview to get a spot in the highly coveted NOC programme which sends students to overseas internships. I always wanted to be part of a cohort that went to Silicon Valley for internships. As a result, my exposure to tech startups (other than through techcrunch.com) was next to none. But hey, where there's a will, there's a way.
I picked up frontend development during my first job at a digital media agency and backend development during my free time. And I'm now building Zestyl with Zavrick who is also not a Computer Science grad. We are using Ruby on Rails because we wanted to focus on development speed and it really helps when there is a large community using the framework you use.
What struck me about Kevin and Mike is that their lessons that debunk the startup myths really resonate with me. And they are also really down to earth and work really hard. As much as I think that luck plays a part in startup success, I also believe that luck finds you only when you work hard for it.
I'm really happy that I spent the time to finish watching the interview. It's time to ramp things up a few gears and get insanely focused on the important things that will drive results.
Shout out to my co-founders Zavrick and Jalen: Thanks for being on the bike ride with me. We might not know when we'll reach the destination but we just have to pedal hard to the next hill and the next, and the next... It'll be a great journey and a grand adventure. :)
When pitching without a prototype or traction, make sure that the problem and solution you describe resonates with the audience. They have to be able to relate to it.
In other words... Make whoever you pitch feel the PAIN! Half the battle is won if you can rub salt into the wound and see discomfort on their face.
If you don't see them wince, rewrite your pitch until they do!
Startup scene in Singapore growing. Proof is Angel's Gate.
Angel's Gate has received lots of scathing remarks from the entrepreneurial community in Singapore and it doesn't come as a much of a surprise to me judging by how much they try to play up the drama of the entrepreneurs' sacred fund raising process.
It's TV
I have mentioned a couple of times that the same sensationalizing happens on Dragon's Den and Shark Tank, the UK and US equivalent of Angel's Gate. Though I have been told that in the overseas counterparts, the investors invest their own money and actually care about the businesses. Do remember however that Dragon's Den and Shark Tank have been running for some time now while this is Angel's Gate's first season.
Ultimately, TV shows that show the startup process as a "reality tv" series make use of hardworking founders as fodder for television drama. Just look at Techstars TV, some of them got edited with "tv magic" to the point of being portrayed as terrible.
Encouraging Signs
Despite that, Angel's Gate in Singapore shows one very encouraging sign, and that is that the public and media are starting to notice the growing and hardworking local entrepreneurial circle.
Continue Shipping
There have been many people trying to help the local startup ecosystem grow and it is starting to bear its fruits. Angel's Gate is more of a drama serial than reality, but it is a product of local entrepreneurs working hard and getting ourselves known and noticed and we should be proud of that.
In the mean time, keep shipping. No complacency allowed, EVER.
Naming is a bitch
We've found a name for our product but the process of naming a startup in this day and age is crazy tough especially if you are on the web. I'm not talking about a player scoring 40 points in one NBA game kind of tough. I'm talking about a player scoring 80 points in one game kind of tough. There are a few well known reasons for this and that includes the need to get the following (in order of importance):
Met a friend who's been running a business for awhile. He looked at me and said, "Heard you're doing a startup for the first time. Congratulations, but be warned that the first year will be all about self discovery."
I have been asking around for why people use foursquare and it is becoming increasingly apparent that game mechanics involving points, badges and mayorship are not the features that keep people checking in.
We have seen the value of Likes from the S1 filing of Facebook just last week. Facebook has built a multibillion dollar business by understanding what their users say they like, but more importantly they have incorporated Verbs in order to add more context to their users' status updates.
romaincrisis
annaxmalina
stormborns
andulkaphoto
kianamaiart
prguitarman
titsay
dailybridgerton
dededos
