Silicon Valley Comes to Malaysia

Yes as the titled suggest, Silicon Valley comes to Malaysia is a 2 days event held in KL where speakers from the Valley comes to KL for a conference. Malaysia managed to invite Jawed Karim, co-founder of YouTube, Shawn Fanning of the legendary Napster and LinkedIn’s founder Konstantin Guericke to be part of the event. While I couldn’t be there for the event, have been following the tweets and things are really exciting over at KL. Some of the takeaway from the tweets:

  • I can accept failure. Everyone fails at something. But I can’t accept not trying. -Michael Jordan
  • Once u stop working on your startup,it dies
  • Perseverence pays off, keep on going, keep on talking to people, keep on learning- Paul Bragiel
  •  Advice to entrepreneurs “Stop making excuses! but this, but that — cry me a river! Just go do stuff!”
  • Malaysian, stop saying you dont have time + money and you want angels to invest on you.
  • Kulveer Tagger: Become Creative is the first step to be entrepreneur
  • Paul: part-timer is a red flag for me, you have to commit
  • If u r serious in becoming an entrepreneur, stop making excuses, go do it!
  • Firmly believes this is the Asian century – Patrick Ennis, Ph.D, Head of Technology, Intellectual Ventures
  • Focus on a single and clear message to avoid confusing the marketplace
  • When pitching for funding use data driven presentation and social proof to convince investors
  • To advance need imagination and a large pile of junk. Hv to let mind roam free. Edison same thing with lightbulb
  • Always hire attitude and enthusiasm over experience
  • Don’t change the work to fit the people. Your people should fit a specific business objective
  • Jeff Hoffman: Business plan is meant for all key measurements you have to track & fine-tune not the answer to your business
  • The shame in life is not failure, the shame in life is not trying. – Jeff Hoffman
  • When things fail in business, do a post mortem at the end of the day and learn what mistakes we have made.
  • Jeff Hoffman on analytics -“Don’t overanalyse the frontend, ask your customer. However, tune your business arnd d backend analytics”
  • A business plan is not to place all the answers, it is to place all the questions
  • Do you think your customer will like it? Just ask them!
  • “Don’t just do a 2.0 of an idea, start without gravity to that idea” – Priceline’s Jeff Hoffman
  • Blue sky strategy: Pretend that the industry doesn’t exist, and pretend that there is no gravity.
  • Jeff Hoffman (Priceline), don’t take advice from golfers, if you are playing baseball
  • Assume that people will leave you, because you want the people who work for you are smart enough and will leave become the next CEO
  • You don’t hire resumes, you hire character and integrity
  • “Get in there. Once you’re in place, you’re harder to dislodge” – Priceline’s Jeff Hoffman
  • Evander Holyfield – the difference between 299 and 300 is the difference between being the world champion or any other boxer.
  • What’s the secret to sucess? While you were looking for the secret, I was busy at work. – Hoffman
  • Success tip: Surround yourself with people smarter than you.
  • J. Hoffman, Priceline: If you haven’t failed, you haven’t pushed the envelope enough
  • Build your team around THEIR GOALS, not yours.
  • Build your team – you CANNOT do this alone, you are not as smart as you think you are. Surround yourself with people smarter than you
  • You might not be the smartest person in the room but just launch what u want to do
  • You don’t have to be the smartest person in the room. Just get up and launch
  • Validate your business idea with the customer, not the people around you
  • Know what you want to “play”. Don’t talk to golfers if you want to be a baseball star.
  • compile data, connect the dots and ask the big question – what can I do today that I couldn’t yesterday?
  • Info-Sponging: At start of your day and let your mind wander – wonder, click, repeat. Look for disruptive events and convergence.
  • Most innovative people – take time to explore, go somewhere, get outside of your lil bubbled world
  • You don’t have to know everything to be a successful business owner, you have to LEAD! Build a team
  • The people of Silicon Valley are not smarter than us. They just start working on their ideas why we stay and complain how hard it is
  • Anything in life that is worth doing is hard.
  • make a product that others didn’t make and what might delights
  • If your goal is to make money as an entrepreneur, you’re better off employed
  • Be passionate. Believe. Be innovative – think ahead! – Jonas Kjellberg
  • Entrepreneurs, be prepared that you won’t get funding. If the money isn’t here, go to where it is!
  • When sourcing for funding, keep in mind of what you can add to them rather than what they can do for you
  • “if we’ve a limited budget, where should we spend?” “Marketing. Not office.”
  • Panelists message – VCs want to see passion. No passion, no funding

So much excitement going on! Hopefully there will be a Silicon Valley comes to Singapore soon. I bet the participants of the event is fully motivated to work on their startup right now.