We are all wired in from SURGE 2016, Bangalore and this is the Centre Stage liveblog. Stay tuned here for all the major announcements coming from the Centre Stage track. For other liveblogs, navigate here.
And that concludes the Surge 2016 event folks. We hope you enjoyed our coverage!
A lot of incredible entrepreneurs have come up here and we are definitely coming back, here in Banglore.
One of the organisers has come up on the stage, talking about how surge came into being.
On Surge: Surge is a good start and will definitely get better.
Team: is your family.
On funding : One of the means to an end.
First word that comes to Sachins mind.
We are now gonna have a rapid fire.
All you can do is learn from your mistakes and hold the bigger picture in your mind and let it anchor you in place.
On Does it get lonely at the top:
We never though we would grow this fast this big, we had imagined maybe 100 millions in 5-10 years, but the business turned out to be a gold mine that only got deeper: Sachin
How involved you are now as founders?
When we started out, we didn’t knew 99 percent of this business. So what we did was give people a lot of autonomy. And it has worked out well most of the times: Sachin Bansal
The WINNER of surgeconf Pitch Contest is Arcatron Mobility!
Flipkart has got extraordinary leaders, how Have you managed that?
Press, people and even stock markets can sink from very positive to very negative, very quickly.
If you are the founder of a company, everything business is personal and everything personal is business. There are really no lines: Sachin Bansal
We now have Sachin Bansal from flipkart up on the stage.
So arcatron mobility has won the crown!
With these 3 awesome ideas, the Finale Pitching Session comes to a close! Stay Tuned for the results at 16:05!
Self propelled shower, commode, a comfortable seat, which adjusts according to the bed height – Arcatron Mobility is entirely disrupting the wheelchair manufacturing market!
Working on this June 2015, the wheelchairs developed by Arcatron Mobility, makes it much easier for users to move around
Arcatron Mobility is the next startup which helps in making the life of disadvantaged and elderly, much easier!
The ease of raising loans makes it unique and differentiates SME Corner from its other competitors.
Average size of a loan? The jury asks SME Corner, and the response is 20 lakhs!
Allows sending a single loan request to multiple banks, regulates the terms and conditions and so far, this startup has clocked 32 crores of business. More than 10,000 loan applications evaluated by SME Corner in few months!
Raising funds becomes a secure and fast 4 step process for MSMEs, with this portal!
The portal is focussed on providing money and sort the financial needs of MSMEs, in an easy way.
Next up on stage is – SME Corner, aimed at India’s large and growing MSME market, as there are over 44 million SME enterprises.
A very R&D focused company, Locus.Sh now answers question posed by Sachin Bansal, the industry stalwart!
IIT KGP and BITS Pilani alumni start-up, Locus.Sh is an awesome disruption in still untapped market of logistical-tech! This is highly AI powered and completely tech-driven, with NO manual intervention at all!
They charge per order and no upfront fees and license fees! Backed by institutional investors, Locus.Sh has put their idea together in a crisp and exciting way! Way to go!
Locus.Sh aims at removing the human intervention in the entire logistics and delivery system, by providing a full stack solution to get things delivered! It gives lives tracking, intelligent alerts and an awesome dashboard!
The first startup comes in – LOCUS.sh!
Out of 250 applications, it has come down to the Final 3 who will be pitching now and trying to impress he jury in 4 minutes!
We are now wired in at Centre Stage for the most exciting part of suregconf – The Final Pitch!
A Brand is what your costumer thinks of you and what you want them to believe. So don’t over do it and never “Over Price.”
Moving forward, its still about being ‘OLD SCHOOL.’
As a brand looks forward to scaling up a bit, its advisable to focus on the content of your brand a bit and engagement with the costumer.
There is a little difference in opinion among the panel here considering how the startups should look at advertising and marketing.
The brands that are really popular are the ones those who have insight into what they are, those that stick to their core value. The brands who really live to their value.
One popular brand specifically mentioned in this discussion is DOVE.
Donald Trump is his Brand. Thats legit.
Ethos, Work Culture, the idea comes first and then the branding.
A brand is what you do.
Look at very unconventional ways to market your brand. If you don’t have the money, don’t go begging for it.
Currently a talk on “Startup Foundations: Building a Brand”
Must bring this to your notice. A lot of sessions have been skipped without informing the audience. Poor time management. sessions are extending far beyond their allotted time.
If we have been able to raise money for creative project, we can raise for scientific projects as well.
We have just scratched the surface for crowdfunding.
So a guy raised money for buying a pizza ! rose 10 times of what he wanted
Kunal Kapoor from ketto talks about how both acting and entrepreneurship are creative.
Arvind’s advice to non-Indian investors : Invest in India and Indian people and not replicate a model from elsewhere. We want to lead the world and not follow them.
Dave’s idea to Arvind for making founders’ life easier : using access to open information and data. Use the internet to provide access to information.
India added 200 Million bank accounts last year — more than the entire woking population in the US.
India does not want to be a digital colony.
Lot of challenges for the M&A markets. Hence a lot of angel investors have to wait to get their money back. Wait for either late stage investors or a buyout.
Dave thinks, the trend of non-Indian investors coming to India will continue
Dave gives a rather funny take on the recent Marc Andresson comment
India is a very complex market. We have digitally learned people, as well as language complexities.
Valley built companies for the first 1 Billion, India will build technologies for the next 5 Billion.
Arvind says that India does not necessarily needs to replicate the valley. though a few learnings can be taken of.
Next panel :
Dave mcleoy, 500 Startups
Consumers are more likely to convert into users if you direct them to the right platform via your app.
Founder, Branch Metrics
We are targeting data for monetisation and make the best connection between advertisers and consumers.
Amar goel makes a valid point :
And here’s an interesting panel up here, to talk about mobile boom : app monetisation and other stats.
Lots of questions for Kochar to answer here. We’ll catch up with him for an interview.
And again, Kochar puts a contrarian view.
Abhiraj from UrbanClap puts an interesting point here.
Saurabh Kochar puts up a rather weird comment here “Don’t deliver it to people for who it is convenient”.
India is a very ‘getthingsdoneeconomy’ whereas the US is a ‘doyourownthingeconomy.’
The first phase of services is making customers comfortable, which is a journey that will take at least three-four years.
Considering how things have been for Foodpanda (and my personal experience), Foodpanda might really not be one of those “two-three” leaders.
Macro parameters in India are moving in the right direction, meaning that the inherit demand in the market will move up. This will hence come down to twi-three players who will take the lead.
UrbanClap’s Abiraj Bahl talks about how customer expectations have risen up in the past few years, specially the hyperlocal segment.
The time window we have as startups that actually deliver such high quality service is very narrow and thats why its important to cash on this narrow window to get noticed.
Greg is clearly a leader in the startup industry. So what has kept Greg from keeping his pace fast.
We had to very very mindful of spending, considering this is a capital intensive business.
We’ve always been very very lean in the cost structure.
Treat the relationship between an entrepreneur and his enterprise like the first 500 mts of a marathon, you need to take it slow to not get huddled. If that happens you and your enterprise will be a long term sustainable couple.
In the first few years, we focussed on developing products and bring in sustainability.
Saurabh talks about “excessive funding”.
It includes Greg Moran from Zoomcar, Saurabh Kocchar (Foodpanda CEO) and Urbanclap CEO
Something to look forward to.
A normal person uses approximately 5 to 8% of his daily wage on data consumption.
The mobile developers in Kenya realised its better to squeeze money from the health ministry than the poor nurses and thats how we had the mobile industry on board to get JANA to succeed without being harsh on the nurses.
Balancing the harsh reality between global data and networking here we have Nathan Eagle from JANA. Making the Internet Free.
How to connect with the guys sitting in the IVORY TOWERS?
Technical Innovation and Process Innovation.
Does India have the culture to accept failures?
We are back and live on the Second day of SURGE 2016.
Thats a wrap. We will be back tomorrow. And not to mention, we received a great response. Thanks for tuning in, we’ll be back tomorrow.
Winding up with comments on net neutrality.
Just btw, they’ve invested in over 1500 startups.
In conversation with Dave McClure, 500 startups.
Much awaited, a panel discussion ‘500 Strong’.
Evolution or Sticking to the plan of the company.
When you look at a company, do you look at the founder or the company?
For Jalak, its better to have a A class founder with a B class Company than a B class founder with a A class idea. The Founder is a more important aspect for evaluation.
The panel that consists of women only. This Entrepreneurship 2.0 discussion should be a learner and maybe an eye opener for many.
Ending the session with a ‘hug.’
To understand what the real problem is, is what will help foreign investors to undo the damage that has already been done. This can be done by thinking like an indian and understand the real problem and challenges instead of treating it like another place for investment.
Meanwhile, Ather has launched its s340 electric scooter, and its awesome !
And we all now what “colonisation” is intended for here ! 😛
Talking about that, its surprising how bad the network in Bangalore is.
Intel issues regarding the net usage in india is what we are facing. Instead of spending 45 million dollars on printing media, it should have been used to create 3 million data usage points in the villages.
Net Neutrality is basically the principle that net usage such be made universal and not compartmentalise it on the basis of usage and content.
Has the battle for net neutrality been won or was it just a phase of showing disagreement and doing nothing about it?
James Crabtree in conversation with Mahesh Murthy and Mohit Saxena on the need for net neutrality.
Its very important to understand the basic tools of digital world ourselves, for example instagram, youtube, hashtags. This is what will help us keep our authenticity alive. Touching grounds with the work.
The centre stage is packed and hot but everyone wants to know how digitalisation of the content will help the artists bloom.
There will come a time where the western culture will be focused on through social media and networking rather than just television. Were mainly taking about the western culture music here.
How 50% of the fans caught my show on Youtube. This is how people are consuming content specially via Facebook and blogs. So a digital platform is a entertainment driven content. This coming from Abhijit, The Stage artist.
At Centre Stage, a discussion on “The age of Digital Artist” with Devraj Sanyal from Universal Music Group talking about how micro communities will be served differently than the digital platform serving Bollywood.
Taking a Break but we will surely be back with a one-on-one with Lakshmi Pratury (INK). Looking forward to this one.
Tarun Mehta here at Surge to talk about the future of vehicles in India.
A marketing pitch by Pratap P from QwikCilver Solutions on why should everyone pay digitally and not use cash. Its not just about convenience or technology. Its also about how e-commerce is also assisting small shops, mobile wallets connecting people. Its about how people don’t want to go back but back up a digitised platform for money.
Moving on from the Centre Stage to the Marketing stage.
You have to be so obsessed. So much that when people talk to you about your interest that see so much passion that they become interested in what you are going.
His vision is to become the 4th SUPER POWER. How anyone of us dream so big and land on the moon, bring back Helium 3 for the Earth. People think its crazy but crazy is whats got Mr Naveen going.
The race to Space
Ending the BIG BANG session with a positive note that there are investors, there are startups and there is a huge market.
Where will be the value and opportunity going ahead from 2016?
Early stage differences in a startup. One of them being the different pages that an entrepreneur is and the stake holders are regarding the business and for this, it is necessary they learn and become mature. Biggest challenge is when the growth is not at the stage where you would attract any investor and this incubation period require patience and for the stake holders to be on the same page.
The not so amicable relationship between a VC and an entrepreneur. How to get around this glitch in the relationship in the best possible manner to get extra-ordinary results. In order to get extra-ordinary results you have to create a disruptive business. Suggestion to the VC and the Entrepreneurs to be judicious in how much money you want to raise and how fast you believe in the growth of your business.
There is always money available in the country, but for the right type of market. There have been large investments in india and its not just about big names, even for young startups there is money available but the question is, whether they are at the right place, right time and of the right value.
How putting your money in any venture should not just be about having money to invest, you should look at the relationship the investment will create.
Live from the Centre Stage of SURGE 2016, Bangalore.