Accelerator - Startup Weekend Style Assignments, Week 6
The intensity at AcceleratorHK is cranking up. This week was action packed and eventful. On Wednesday we had a trip to visit the offices of Hong Kong startup Frenzoo. At Frenzoo, founder Simon Newstead walked the teams through the early days at Frenzoo, its customer development process, and what it was like being in an accelerator himself. It was great going to visit a living, breathing startup in Hong Kong and “get out of the building.”
On Thursday, we had Roland Yi, director & General Counsel at Gilkron Limited as well as a law professor at HKU, come in and spend time with us on intellectual property (IP) rights and laws. We talked about patents (avoid!) and trade secrets, copy rights, and trademarks. Very informative stuff for the teams.
On Thursday night we had a rooftop pool party to wish one of the team members well as he is headed back to the US.
On Friday night I did a presentation about raising money for startups. We covered angel investment, stock options, vesting, dilution, valuation, venture capital, liquidation preferences, and lots more. This session was open to the public and despite being on a Friday night, we had a great crowd (and lots of beer.) Of course it was a PowerPoint-less presentation!
On Saturday we had a big day. We got up early and traveled to Shenzhen, China and visited the component markets in Huaqiangbei. These are the component markets for the global supply chain and they are something to be seen.
Here is a photo of some of the teams inside of SEG Plaza, one of the most famous of the component markets.
After a few hours at the component markets and adjacent consumer electronics markets (lots of phone cases, batteries, chargers, bluetooth speakers were acquired…), we headed to an evening of teambuilding with the staff of Social Agent, who’s founder, Mike Michelini is a mentor at AcceleratorHK. We went bowling, played pool, and ping pong with the staff and had a great group dinner and drinks before heading home to Hong Kong.
A great week and more to come next week. Stay tuned…
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