Event Report: Bancakan 2.0 10th Meetup + 2nd Anniversary

The first speaker this time is Antony Liem from Merah Putih Inc. At the beginning of his presentation, Antonny introduced an incubator called Merah Putih Inc and several startup which have been incubated, among others CrossMe, KrazyMarket, Bolalob, Infokost, Kaskus, DailySocialand MindTalk. Before discussing about startup what an incubator looks for, Antonny explains what to do when building an startup The first is when jotting down ideas on a paper/book. If you want to have a good idea, Antonny explains in a few points. The first is steal, don't copy, brainstorm to make it better, write it down, keep it simpleand perfection is a state of mind. After having a mature idea, the next step is to write down some points that your business must have, namely name and brand name, vision, mission, goals and objectives, SWOT analysis, strategic plan, financial planand measurements and objectives. After these two stages are completed, the next stage is business plan canvas. There are several things that must be considered at this stage, namely: value proposition, customer segment, advantage, channels, revenue structure, problem, solution, key metrics and cost structure. To learn to make business plan canvas, Antonny also suggested to access LeanCanvas.com. Well, after the stages in building a startup, Antonny began to explain what the incubator provided, what the incubator was looking for, etc. The incubator, itself provides the infrastructure, service, mentorship, network, and what is certain is capital. Then the most sought after an incubator is founder (attitude, character, way of thinking, etc.), ideas, and product samples/prototypes. And the most important thing when meeting with investors, venture capital, incubator, and the like, is how you dress. Antonny also explained about the level of capital in a company startup, that is no cash, honey (capital knee) -> personal savings -> friends and family (borrowing capital with the closest people) -> incubators -> angels and small VC -> Classic VCs -> Corporate VC -> Working bank loans -> IPOs. Andrias also explained, when a startup want to meet with investors should prepare a business plan ideal for presentation to investors. Business plan ideal include: - Executive Summary - Overview of Products and History - Management Team - Market and Competition - Marketing and Sales - Business Process and Organization - Implementation Schedule - Opportunities and Risk - Financial and Exit Strategies business plan are 3 things i.e adoption, addictionand revenue streams.