Friday, June 26, 2009

The end of another year

After a long hard-working year where there has been very little time to do much else. We reach the stage where it's possibly the last time the whole class will be together. Lot's of people will be going away on their exchange in the Autumn (Fall to you USA English speakers), and some people will not be returning to Hong Kong afterwards.
Earlier in March, me and my team went to San Francisco to attend the Business Plan Competition. We didn't fare so well, but the experience was worth the journey. Having your plan assessed by real Venture Capitalists, rather than academics gives a different perspectives from the entreprenurial point of view. A lot of the classroom exercises and teachings are from the VC point of view, rather than from the business starter, so you can't always apply the same valuation methodologies. One thing for sure, any valuation of a non-operational start-up, is usually made-up. How can you value a company that is not operational, does not have customers, and draws in no revenue? This part of the pitching exercise I found most interesting, because selling the concepts and business models are important, and most importantly is whether the investor trusts you as the person who will execute the plan.

Ideas are ten a penny, the capability to execute the idea succesfully is what investors are looking for. Therefore a combination of a killer idea with an exceptional operational team is the ideal make-up for a start-up.

As for myself, I will be going to Berkeley on exchange to finish off my MBA, and at the same time, trying to start up a business in China with a couple of classmates. For sure the thing which is most valuable for me from my time as HKUST is the diversity of the class.


Anonymous said...

[size=72][color=red][url=]ENTER ON SOFTWARE PORTAL[/url][/color][/size]

[size=46][color=red][url=]DOWNLOAD SOFT![/url][/color][/size]


[size=46][color=red][url=]OEM SOFTWARE[/url][/color][/size]

[size=72][color=red][url=]DOWNLOAD SOFTWARE[/url][/color][/size]

[size=72][b]Buy Spoms software Windows[/b][/size]
[size=72][b]Cheap Spoms software on Windows[/b][/size]
[size=72][b]Download Spoms soft Windows[/b][/size]

Anonymous said...

[size=72][color=red][url=]WEB SEARCH ENGINE![/url][/color][/size]

[size=48][color=red][url=]That? What? When?[/url][/color][/size]


[size=72][color=red][url=]WEB SEARCH ENGINE![/url][/color][/size]


[url=]how to cook up crack[/url]
[url=]what is love music game[/url]
[url=]how to draw cherry blossoms - blog 1[/url]
[url=]how to spell izrael - blog 1[/url]
[url=]how to run auto on hho[/url]
[url=]how to cite a a handout - blog 1[/url]
[url=]how to paint t shirts - blog 1[/url]
[url=]how to make paper origami tie - blog 1[/url]
[url=]how to write to criss angel[/url]
[url=]how to tie a kaffiyeh[/url]
[url= to cook a rump roast-services&page=431]Services[/url]
[url=]how to write winning cover leters - blog 1[/url]
[url=]how to draw site plans[/url]
[url=]what is art gallery[/url]
[url=]how to cook tuna filets - blog 1[/url]
[url=]how to hack the game host - blog 1[/url]
[url=]how to write professional business letters - blog 1[/url]
[url=]how to write a job evaluation[/url]
[url=]how to draw temples[/url]
[url=]how to draw byakugan[/url]
[url=]how to tie a thimble boat[/url]
[url=]how to hack internet bank accounts[/url]
[url=]what is the arc of life[/url]

Anonymous said...

Hello !.
You re, I guess , probably very interested to know how one can make real money .
There is no initial capital needed You may commense to receive yields with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
The firm incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

Its head office is in Panama with affiliates everywhere: In USA, Canada, Cyprus.
Do you want to become a happy investor?
That`s your chance That`s what you desire!

I feel good, I started to take up real money with the help of this company,
and I invite you to do the same. It`s all about how to choose a correct partner who uses your savings in a right way - that`s AimTrust!.
I make 2G daily, and what I started with was a funny sum of 500 bucks!
It`s easy to start , just click this link
and go! Let`s take this option together to get rid of nastiness of the life

Anonymous said...

You may probably be very interested to know how one can make real money on investments.
There is no initial capital needed.
You may begin to get income with a money that usually goes
for daily food, that's 20-100 dollars.
I have been participating in one company's work for several years,
and I'll be glad to let you know my secrets at my blog.

Please visit blog and send me private message to get the info.

P.S. I make 1000-2000 per day now. [url=]Online Investment Blog[/url]

Anonymous said...

Hi there!
I would like to burn a theme at here. There is such a thing, called HYIP, or High Yield Investment Program. It reminds of financial piramyde, but in rare cases one may happen to meet a company that really pays up to 2% daily not on invested money, but from real profits.

For several years , I earn money with the help of these programs.
I'm with no money problems now, but there are heights that must be conquered . I make 2G daily, and my first investment was 500 dollars only.
Right now, I'm very close at catching at last a guaranteed variant to make a sharp rise . Visit my web site to get additional info. [url=]Online Investment Blog[/url]

Anonymous said...

Thank you :-) check out this emo boy style over this blog:

Anonymous said...

One day I was surfing web and suddenly I discovered website called I discovered how to begin my own home business and i was able after all quit my work where i worked 1 year, now I'm earning 150$/day. I was able to make such kind of money because I read some really great home based business ideas. At website named Anyway seems that website owner finally discovered really good online business program which helped him to start his own best home business opportunity, so he finally decided to make site and tell about his own experience about earning money online. It seems that he lost so much money before he discovered winner home business program which actually work. But which one? Find out at site below! [url=]home based business opportunity[/url]

brett said...

“Wow” you are a genius for sure what great ways to get ranked high and obtain good traffic flow from your article. Thank you for sharing your information it was very good reading for sure. I am looking forward to any more of your articles you produce in the near future.

Venture Capital business plan

Anonymous said...

My first test blog.
my first test blog
[url=] my first test blog [/url]

Anonymous said...

Hi everybody!

Let me introduce myself,
my parents call me James F. Collins.
Generally I’m a venturesome gambler. for a long time I’m keen on online-casino and poker.
Not long time ago I started my own blog, where I describe my virtual adventures.
Probably, it will be interesting for you to find out about my progress.
Please visit my web page . I’ll be interested on your opinion..

MBA Dissertation said...

it's good to see this information in your post, i was looking the same but there was not any proper resource, thanx now i have the link which i was looking for my research.

MBA Dissertation Proposal

VENUS said...

I like to comment this type of post because that made my last day of my MBA ...
Thesis Writing
Cheap Thesis Writing

Rechad said...

Congrats..!best of luck for your batter future..
Cheap Essay Writing