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Post Event Reflections Essay

1269 words - 6 pages

About Young Entrepreneurs Association of NUS (YEAN)

We are a group of students on a 1-year work/study programme, aimed at students who are interested in technology and entrepreneurship. As part of the programme, we intern at various start-up companies and take courses at Tsinghua University in Beijing.

Together, we form YEAN to take our goals and aspirations to the next level. We spearhead, promote and get involved in projects such as the Global Entrepreneurship Week, which aims to raise the level of interest in business and entrepreneurship-related topics amongst fellow Singaporeans and Chinese in Beijing

In addition, we regularly organize Lim Kopi sessions with industry experts in ...view middle of the document...

Event Details

Closing the Entrepreneurial Gap I

Part I took place in Beijing, Wenjin Hotel where guest speakers were invited to give a 15-minute speech each. After which, all speakers sat on a panel where interesting questions were raised, discussed and answered. The session was also telecasted “live” back to the National University of Singapore.

Closing the Entrepreneurial Gap II

Part II took place in NUS right after Part I.

In NUS, three speakers were invited from Beijing to Singapore to share their experiences, lessons learnt and milestones towards achieving success in China. Each speaker had at least 15 minutes on stage followed by a Question and Answer session.

Invited Speakers

In Beijing:

Invited Speaker | Speaker Background | Topic Discussed |
Mr. Casper Johansen | Founder, Seravia (Gov 2.0 service platform and President of Entrepreneurs’ Organization, Beijing) | China as a base: Why and Why not? |
Mr. Stephen Wong | Co-founder of, Co-Founder of Rotten Tomatoes and serial entrepreneur | Ups and Downs of Serial Entrepeneurship |
Mr. Lee Siz Chin | Country Director, IDA (Shanghai) | Start-up scene in Singapore and government support/incentives to encourage ICT start-ups in Singapore |

In Singapore:

Invited Speaker | Speaker Background | Topic Discussed |
Mr. James Tong | President, Asia at Dextryxs (Top 5 Software Outsourcing/Developer Company in China) | Sino-Singapore Partnership |
Mr. James Tan | Co-founder, 55tuan (Top 5 Group-buying Site in China) | Start-up Ecosystem in China for foreign entities |
Mr. Cyril Ebersweiler | Founder, GM at Chinaccelerator (Incubator/Accelerator based in Dalian) | Survival in the Chinese Tech Industry |

Lessons learnt from the Event

Each speaker in the Beijing leg of the event gave terribly insightful speeches regarding their respective topics.

What I found most interesting were the lessons that were shared by Mr. Stephen Wong when enumerating his experiences in serial entrepreneurship.

1. Start young, learn fast;
2. Control the variables that can be manipulated;
3. Build the business based on your strengths during the initial stages;
4. Don’t do too much.

These lessons that Mr. Stephen Wong has so generously shared certainly rings true in the Chinese entrepreneurial environment. The value of these lessons became more apparent to me when reflecting back on Mr. Casper Johansen’s speech. From Mr. Johansen’s speech, it was apparent that China definitely holds the world’s economic future in its hands, given its massive market size, product opportunities and huge talent pool. The unique thing about China is the advantage of swift execution, micro-innovation and iteration on products after the initial launch.

However, it is also important to look out for unrelenting ruthless competitors, achievable barriers to entry, and extremely swift execution. On top of that, the big guys Tencent and Baidu are fierce competitors in...

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