How to... “Start a Startup”

Startups Shenzhen....Bringing Together Shenzhen's Startup Community!

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Today's Agenda

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Round tableWhat is a startup?Basic formations, where to incorporateFunding – bootstrapping, angel, VCPartners – Finding, and dealing withAnnouncements (startup weekend, beach, directory, volunteers, coworking)Open Networking

Whats a “startup”The phrase "startup company" is often associated with

Often means - high growth, technology oriented companies.

High risk/reward profile and scalability.

Can potentially grow rapidly with limited investment of capital, labor or land.

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3Wikipedia - http://en.wikipedia.org/wiki/Startup_company

Basic FormationsDon't rush into forming a company. Make it first!

Can be a simple contract to start.

Where are YOUR CUSTOMERS!!! Bank account

Basically meant to protect your personal liability.

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FundingHow much do you need? For WHAT?

Bootstrapping

Angel

VC (Venture Capitalist)

Debt

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PartnersEQ (emotional intelligence)

Common goals, vision

Same “exit strategy”

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Real World Examples?StartupsPrototypesFundingPartners

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Submit to Directory!

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• Email add@startupscn.com• Logo• Quick “about us”• Website URL

1st Startup Work WeekendHow about Fri Sept 2- to Sun 4? Build a startup in a weekend! Taking Applications • Come on a friday night• Make a team of 3-4 people• Work over the weekend. • Pitches Sunday night to a panel

of judges

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Beach Party, Startup Style- Nearby Shenzhen Beach- Sat morning to Sunday afternoon, (Overnight Saturday)- Invite friends from HK, Shanghai, Philippines, Indonesia, Thailand, etc- Fun, Bonding, Networking

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Volunteer Help!

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• Promoting events on various channels• Event organizing – pitch nights, startup weekend• Judges, mentors• Finding sponors, speakers• Maintaining website, directory

• Will have meeting for those who want to be involved

Szteam coworking progress

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• Thanks to SZteam for providing the space.• Can work in SZteam daytime before the meeting

Follow Us!

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• Currently szteam.com , soon startupscn.com• Google Groups• Weibo - @shenzhenteam• Twitter @shenzhenteam• Linkedin: • Ushi: • QQ group -