dailylicious!
Angelhack CEO Greg Gopman talking about Indonesian startups at Echelon
JFDI.asia, the Singapore-based technology startup incubator, has opened the doors to Joyful Frog, its brand new 446 sqm innovation campus, to startup founders, freelancers, investors, and others looking to learn about entrepreneurship and innovation. Those who become residents of the campus will enjoy free drinks, full access to the meeting rooms, priority access to events and seminars held at the campus, as well as their own work areas.
While we’ve heard rumors in October of last year about it, it wasn’t until last night that Saling-Silang announced that it has shut down.
Don’t think about how to explain your app to a user. Instead, think about how a user will explain it to another user.
— Chris Sacca (@sacca) July 31, 2012
so now @ohdio_ is in open beta, so you can use your Twitter/FB account to sign up directly.we have 10 labels total working with us now. :)
— Ario Tamat (@barijoe) July 31, 2012
No ice inside the Ice House.
FastCo’s Austin Carr talked to Adrian Salamunovic, cofounder of CanvasPop to gain insight into how valuable Instagram is to Facebook. CanvasPop makes 20 percent of its revenue from printing Instagram photos yet despite its cooperation with Facebook, sees little income from Facebook prints. Salamunovic describes Systrom as someone who is so focused on the product and user experience that he’s willing to forego revenue until he thinks the product is good enough to earn any. While not all startups have that luxury, it’s worth considering that the wrong monetization strategy or implementation may alienate members or customers and sink the company.
The answer to that question depends on what you get out of that million. If it’s a million paid users from which the company or the service can derive regular revenue, of course! If it’s a million users for a free service, what do you get out of it aside from eyeballs for ads and an increasing bandwidth bill? Even the term “active users” can be scrutinized these days.
Suhail Doshi, CEO of analytics startup Mixpanel:
You should pay attention to what their definition of ‘active’ even means,” he said. For instance, the number of users who are active on a service within a month could be swayed by a single day’s big spike in usage. “An average rolling daily active is far more indicative
That is of course when seen from a Silicon Valley point of view. How about Indonesian startups who generally struggle to gain even 100k users within one quarter?
Veteran investor Ron Conway was speaking at the Milken Institute Global Conference in Los Angeles the other day and said that the tech industry (at least the US anyway) is nowhere near a bubble. Unfortunately the CNN story did not elaborate further on what he said and his evidence did not seem solid enough, at least not the ones printed on CNN’s story.
MG Siegler though, has his own arguments on why the industry is not in a bubble and provides evidence from 2007 when this very discussion spread among the press. In other words, it’s 2007 all over again.
The Global Entrepreneurship Monitor, which actually tracks early-stage entrepreneurial activity found that in 2010 about 5.5 percent of Americans ages 18 to 24 were actually helming an early-stage start-up (compared with 11 percent of 25 to 34 year olds, which is the most entrepreneurial cohort)—while Census data showed that in 2007, only 2.2 percent of business owners were under 25 years old. A survey by the Kauffman Foundation also found that the desire to start a business over other careers has risen for young adults ages 18 to 21 from 19 percent in 2007 to 25 percent in 2010.
Additionally,
Data shows that entrepreneurship is a self-perpetuating phenomenon. The Kauffman Foundation found that youth who personally know another entrepreneur have the strongest interest in starting their own business. Among youth who know an entrepreneur, 46 percent would like to start or have already started businesses compared to 31 percent of young people who don’t know a business owner.
