Business Plan: To Plan or Not To Plan

At some point of the investment evaluation that we do, we will ask the entrepreneur to submit a business plan.

You might ask, “what a business plan???” Why does a startup even need a business plan? What kind of business plan do we need?

First, business plan is a must, absolutely. It actually demonstrate THE key requirement that: the entrepreneur has put a serious thought on his business and he knows how to drive the business forward.

It is not only the plan, but also the process of planning. 

Continue reading “Business Plan: To Plan or Not To Plan”

How to Start: Idea Generation

Let’s take one step back… the very first step, long before you’re trying to raise your fund to investors.

You need to have a viable IDEA for your startup.

First of all, not all ideas are worth following up. Business ideas worth pursuing, in our opinion, have these characteristics:

  • it can last for 20 years
  • it can create 500 jobs
  • it can change the lives of 1 million people

But, how to find ideas?

There’s a good practise that we do in Founder’s Institute Jakarta (courtesy of our own @andyzain) to generate ideas, we called it Ideation Workshop (of course). It actually follows one of design thinking approach: divergent-convergent thinking. There are 5 steps.

Continue reading “How to Start: Idea Generation”

Entering FinTech Market? Listen to JP’s interview with Dailysocial

In a recent interview with DailySocial, JP Ellis, Founder and CEO of Compare88 Group who owns cekaja.com, offered some interesting insights on how Indonesians choose and buy financial products.

JP shared that Indonesians display the “wani piro” mentality when it comes to finding deals, so there are a lot of comparison, research and negotiation that people when considering a purchase. He noted as well that Indonesians are actually demanding when they are interacting online, compared to when they are interacting face-to-face. Continue reading “Entering FinTech Market? Listen to JP’s interview with Dailysocial”

Coming Up: Lean Startup Machine workhop @ KejoraHQ

We are a proud sponsor of the upcoming Lean Startup Machine Jakarta workshop! It will take place at Kejora HQ facilities on the September 4-6.

LSM is a 3-day workshop that teaches you how to build something customers want and run the right experiments to steer your business in the right direction. The workshop will address the biggest reason of failure for startup companies: getting no customers because they are building something that nobody wants. During the workshop, the participants will learn to apply experimentation techniques, including the famous “Get Out of The Building”, to validate your idea.

The Jakarta LSM workshop is supported by 30+ stakeholders from the startup community, including mentors, medias, ventures, and corporations. Some mentors showed up during yesterday’s press conference (pictured above) to share their views about startup scene in Indonesia and their hopes about LSM.

“We at Kejora HQ supports LSM because we see the value of this workshop in helping startup founders to succeed. It is extremely important for Indonesian startups to step up their game in light of upcoming AFTA era, hence we strongly support activities like LSM,” said Karen Kamal of Mountain Kejora Ventures.

“(The) Indonesian startup scene makes me feel like watching Asia’s Got Talent,” said Hartmann. “Every year you keep on saying that they can never possibly bring another talent like that, but it just keeps on happening!”

And Doni Priliandi, Founder of Happy5, securing a market is crucial because failure in business is not always caused by technicalities. “You have to remember that 95 percent of startups fail not because of bugs [in their apps]. They fail because nobody uses their product!”

See you there in the LSM workshop!

About Kejora

Kejora invests in entrepreneurs and help them launch technology companies in large and high growth market verticals. Through growth capital, shared infrastructure and resources, access to the right network of strategic partners and investors, Kejora enables young startups to grow in rapid pace to win leading market positions in each tech vertical in the region.

We are stage agnostic and we focus in opportunities in Southeast Asia.

Kejora maximizes value-creation for investors by leveraging high-growth economies and demographic bonus. We work with highly skilled entrepreneurs to build winning technology companies with high and sustainable growth.

About Lean Startup Machine

Lean Startup Machine (LSM) is a three-day workshop on building a successful business.

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Newsflash: “Slipicon Valley” the Hub for Jakarta Startup

Published very recently in Jakarta Post, the rise of “Slipicon Valley”, the home of Kejora HQ, as one of the tech startup hub in Jakarta. Besides the 20+ startups in Kejora HQ, there are more than 30 startup companies, digital agencies, and venture capitals around the area.

Where did that term come from? “It’s a joke among [local] startups that set up their headquarters in Slipi. We have no idea who actually started it,” Karen Kamal, co-founder of the slipiconvalley.net website who is also manager at venture capital Kejora Ventures, said in Jakarta recently. “We dream that Slipi will become a hub for local billion-dollar companies in the future, just like Silicon Valley,” Karen added.

As we always believe in Kejora HQ, startup community needs to stick together to tame this market. Running a startup is hard, it would be harder if you do not have an ecosystem to support it. For you entrepreneurs-to-be, come join the community! For you startup founders, let’s pay-it-forward and give back to ecosystem. Go Slipi(con) Valley!

 

About Kejora

Kejora invests in entrepreneurs and help them launch technology companies in large and high growth market verticals. Through growth capital, shared infrastructure and resources, access to the right network of strategic partners and investors, Kejora enables young startups to grow in rapid pace to win leading market positions in each tech vertical in the region.

We are stage agnostic and we focus in opportunities in Southeast Asia.

Kejora maximizes value-creation for investors by leveraging high-growth economies and demographic bonus. We work with highly skilled entrepreneurs to build winning technology companies with high and sustainable growth.

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Should You Prepare a Financial Projection for You Startup?

Should you? Knowing that most of the numbers are based on assumptions, and most likely will be proven wrong.

The answer is, YES. Not for the sake of the number only, but to understand the financial mechanics (drivers) of your business – what drives revenue and costs. Because finance (and accounting) is the language of business, and us, venture capitals, speaks that language quite fluently… so entrepreneurs should be able to speak with the same language.

Continue reading “Should You Prepare a Financial Projection for You Startup?”

Why Indonesian Startups Fail (Excerpt)

Kejora’s Andy Zain and GDP’s Danny Wirianto sat on a panel moderated by Enricko Lukman (Copy Collision) during the recent Ideafest 2015 – the topic, is very dear to our heart, “Why Startups Fail”

In short, the panel agreed of three issues that often make startups stumble: 1) Inability to address the Needs of the Market, 2) Ran out of Cash due to sloppy spending, 3) Not Having the Right Team.

And finally, ideas are important, but execution is king. The initial idea usually will evolve (and not rarely change drastically) over time, which is why the Founders have to be strong and flexible in executing the business and leading their team with an appealing vision.

Source: DailySocial

 

About Kejora

Kejora invests in entrepreneurs and help them launch technology companies in large and high growth market verticals. Through growth capital, shared infrastructure and resources, access to the right network of strategic partners and investors, Kejora enables young startups to grow in rapid pace to win leading market positions in each tech vertical in the region.

We are stage agnostic and we focus in opportunities in Southeast Asia.

Kejora maximizes value-creation for investors by leveraging high-growth economies and demographic bonus. We work with highly skilled entrepreneurs to build winning technology companies with high and sustainable growth.

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