Startup Weekend – Melbourne

As I write this around 200 hundred entrepreneurs are #GSD – that is  ‘Getting Shit Done’ at the Melbourne Startup Weekend. Which gets me pumped to just think that there is a thriving community of people who just want to build cool stuff and have an impact. It is being held in the York Butter Factory, which looks like the kinda place I want to hang out in.

It’s one of many awesome community entrepreneurial events – you can read more about it here.

In the interim here is a photo blog of some of the action last night. Giddy up.

the 2 types of investment

There are only 2 things we can invest:

Time & Money.

Rather than complaining about not having enough money to invest, invest your time instead. Time is the great equalizer. A rich person has no more or no less than you, me or anyone. We can beat anyone with what we do with our time. Learn the skills or put in the labour until it turns into money.

The trick is once the money comes in, to keep investing the time so you know how to use the money and not lose it.

twitter-follow-me13

5 Startups I Can Feel

There has been a deluge of cool startups happening in our local community lately. So I thought I’d feature a few of them here to spread the love, as well as give my honest views on their potential.

Wealie (app)

Wealie is a digital loyalty card which can be used in and by multiple retailers. It’s an interesting space that is starting to emerge as we move closer and closer to the digital wallet. Which Bill Gates first spoke about in his book from 1995 – the Road Ahead. I really think that NFC (Near Field Communication) will open up a huge amount of opportunity in the app space. Anything that happens on a card or paper in our wallets, will be digitized. Early movers like Wealie, will have a big advantage as they learn from their mistakes before everyone converts to their digital wallet.

Cheat Speak

I’m totally in love with Cheatspeak. As far as I can tell it is a foreign language phrase book Wiki. So, so cool. Being someone who speaks a foreign language or two, it’s premise is very solid – Living language – that represents the spoken word, rather than a text book. The idea of creating a book or language guide with the ‘simplest way to say it’ is so ‘user focused’ it is revolutionary. I’m sick of have to learn 7 ways to say one thing in a foreign language – if the goal is speaking it, then cheat speak is on the money. It has smart exit options too.

Pygg

Put simply Pygg is way to send and receive money through twitter – without any fees. Micro payments for a micro blog. Another smart startup which seems to flow nicely into NFC and the digital wallet. Another thing which just adds a level of goodness to it, is the fact that it is money in ‘public’. Good deeds and rewards are on display. I reckon this could really add a layer of fun to what Mick and the team are up to.

Cupstart

Started by all round good guy Mike Boyd – Cupstart is another ‘money remover’, in the sense that we don’t need actual dollars in our pockets to use it. Cupstart is a platform used to order & pay for coffee online at your favourite cafe, skip the queue and pick up your coffee on arrival. Which could move into all sorts of payment system / retail options. A web enabled retail POS system anyone? I like the idea of starting in cafes a lot, because the frequency of usage (buying coffee) moves the startup up the learning curve much quicker. (as a side note Mike is looking for a ‘tech’ partner based in Australia….)

TaskWant(app)

So the virtual assistant is well known and successful on-line. Get ready for the physical version. TaskWant is a geo-locating app to help you find people to do stuff for you. You can either be a task provider or doer. It’s a great way to take advantage of idle labour and get cashie jobs. I love it. I reckon this could blow McDonalds out of the water for teenagers and be a much better option – which is just one of the potential strong points. Not to mention Charlie the Squirrel.

Local Yocals

Another cool thing is that everyone of these is from people in our local startup community in Australia. The world is changing, the only question remaining is whether you want to be a change maker or change taker.

Get out there and launch!

twitter-follow-me13

The Interest Graph

Mark Zuckerberg has promoted the idea of the Social Graph for sometime. And it is true that Social Networking has changed the way we use the web. The only problem for me is that sometimes the people in my social life are there not by choice:

Family members

people I work with

Neighbours in my my street

People who drink coffee where I do

People I went to school with

Friends of friends

You get the picture. These people are in my life by geographic default. Whether or not we are interested in the same things is another question. In fact our values and interests may be entirely juxtaposed. This is starting to make me think much more about finding people who are interested in the same things as me. The social space is such a deluge of opinions and data, it is hard to sift through the noise to find what I care about.  I am not necessarily interested in people just because they are in my close geographic space. It needs to be much more. We must share an an interest as well –  we must intersect on the ‘Interests Graph‘, not just the social or geographic one.

In fact, my circle of acquaintances has never changed as quickly in my entire life as it has in the past 3 years. People are coming and going at a rapid pace. Sure, close friends and family are bonded by forces much deeper than digital technology, but we need another layer added to the social graph to make more meaningful connections.

It’s already happened on a business and career level already – coders, entrepreneurs, advertisers, bloggers, lawyers, artists, photographers etc all have connection potential in existing digital forums. But what about the marathon runners, surfers, cyclists, and basket weavers? (Insert personal passion here) They need to be able to find each other too.

I really feel like this is a massive opportunity space for startup entrepreneurs. Connecting interests, socially and geographically to using temporal mobile devices to create deeper meaning. The question for all of us, is how can we do it in the things we are involved in which don’t yet have a commercial context?

twitter-follow-me13

Bigger than the internet – 3D Printing

3D printing is really starting to blow my mind. As far as I can tell it is taking the information we are currently living through and making it physical. It’s the missing link. The start of being able to create everything from nothing – ephemeralization. Converting the first 20 elements into stuff, by organizing information, ones and zeros. About 20 years from now, you’ll remember talk about 3D printing, the same way we remember hearing stuff about a connected world through computers in the mid 1980’s. I think it will be more disruptive and bigger than the internet.

In order to just make sure you are across what is happening here’s the most famous Youtube Clip about 3D printing which is from the Discovery channel. In the coming weeks I’ll be posting a large article about all the implications on the world. And before you watch the clip below here is a list of some things that have already been printed by such machines:

Bicycles, cars, tools with moving parts, furniture, drone aircraft and even balls bearings.

It’s coming and it is going to change everything.

twitter-follow-me13

[youtube=http://www.youtube.com/watch?v=8aghzpO_UZE]

How to perform

It’s easy to think we can start performing like rockstars once we become one. As I’ve mentioned before, the way to become, is to start acting that way beforehand.

I happened upon a Youtube Video of one of my favourite rock bands. Rage Against the Machine. It was their first ever public gig. And Zack was performing as though we was already at Lollapalooza – even though there was about 3 people standing around listening.

Click on the video here and randomly check out any part of the video and you’ll see what I’m talking about. The hint for startups, is not to wait for permission, but to start performing as though we already have it.

twitter-follow-me13

They brand you

We are so busy building our brands that we often forget what are brands are supposed to do in the new world. But every now and again we are given a simple reminder on why we give our loyalty to certain companies:

They recognise our brand and self importance. They brand us, and not just themselves. Sometimes they do this via association, and sometimes they do it more directly like the picture above. My coffee custom could go to a lot of places, and call me old fashioned, but I do like it to go somewhere where they make the effort to learn and use my name.

Sometimes the simplest loyalty strategies are the most effective.

Which ones does your startup employ to recognise your early adoptors?

 

twitter-follow-me13