Comments on: TIE Khudee Final Three – You’ve got to be kidding me! http://greenwhite.org/blog/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/ Coffee Sessions for the Industry! Thu, 09 Feb 2012 06:06:11 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Zaki Mirza http://greenwhite.org/blog/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/comment-page-1/#comment-6187 Zaki Mirza Thu, 20 Dec 2007 22:11:10 +0000 http://greenwhite.org/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/#comment-6187 >The Business Model: Get 600 kids across 5 daycare centers over 6 years. They were actually speaking like this which was a bit unsettling. you forgot to mention Rs 24,000,000,0 Revenue in the fifth year actually :) And the Pani ghar presentation was most impressive of the three with solid figures and solid talk! >The Business Model: Get 600 kids across 5 daycare centers over 6 years. They were actually speaking like this which was a bit unsettling.

you forgot to mention Rs 24,000,000,0 Revenue in the fifth year actually :)

And the Pani ghar presentation was most impressive of the three with solid figures and solid talk!

]]> By: Jehan http://greenwhite.org/blog/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/comment-page-1/#comment-6168 Jehan Thu, 20 Dec 2007 01:33:08 +0000 http://greenwhite.org/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/#comment-6168 @Ali - I totally agree with you. Participation is the key. There is so much learning and mentoring that takes place during the process as has been seen through the MITCEF Business Acceleration Program and the TiE Business Plan competitions. You win even if you don't get into the finals. The motivation aspect is important, the sharing and discussing of ideas is absolutely essential. There were some very accomplished entrepreneurs and VCs in the group. Just to be able to hang out with them, discuss an idea, pick their brains must have been worth a lot. I shall pass on your suggestion regarding videoblogging to the TiE Karachi team for consideration. The more widely workshops are viewed, the more young people (and some older ones too) will benefit. @Ali – I totally agree with you. Participation is the key. There is so much learning and mentoring that takes place during the process as has been seen through the MITCEF Business Acceleration Program and the TiE Business Plan competitions. You win even if you don’t get into the finals.

The motivation aspect is important, the sharing and discussing of ideas is absolutely essential. There were some very accomplished entrepreneurs and VCs in the group. Just to be able to hang out with them, discuss an idea, pick their brains must have been worth a lot.

I shall pass on your suggestion regarding videoblogging to the TiE Karachi team for consideration. The more widely workshops are viewed, the more young people (and some older ones too) will benefit.

]]> By: Ali Raza Shaikh http://greenwhite.org/blog/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/comment-page-1/#comment-6166 Ali Raza Shaikh Wed, 19 Dec 2007 22:03:11 +0000 http://greenwhite.org/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/#comment-6166 @Osama - Thanks for such detailed coverage of TES. @Jehan - i did submitted the 'Executive Summary' for Mulazamat.com but can't make it to the Top 30 :( Always see the +ve side of the event (consider the -ves points also), ideas are coming in, more and more peoples are getting motivated to start their own venture by sharing the Killer projects, Investors are coming, this is just the beginning. Inshallah we will improve on this. Looking forward for the TiE Karachi Event. My suggestion for Karachi Event, please allow Camcorders and create some kind of video blog or allow VideoBlogging :), so that all young entrepreneurs can learn from the event. I am missing all the workshops held at LUMS :(. See this Link http://www.youtube.com/results?search_query=TiECon&search=Search Congrats to all the winners. @Osama – Thanks for such detailed coverage of TES.

@Jehan – i did submitted the ‘Executive Summary’ for Mulazamat.com but can’t make it to the Top 30 :(

Always see the +ve side of the event (consider the -ves points also), ideas are coming in, more and more peoples are getting motivated to start their own venture by sharing the Killer projects, Investors are coming, this is just the beginning. Inshallah we will improve on this.

Looking forward for the TiE Karachi Event. My suggestion for Karachi Event, please allow Camcorders and create some kind of video blog or allow VideoBlogging :) , so that all young entrepreneurs can learn from the event. I am missing all the workshops held at LUMS :( .

See this Link

http://www.youtube.com/results?search_query=TiECon&search=Search

Congrats to all the winners.

]]> By: Hira Khan http://greenwhite.org/blog/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/comment-page-1/#comment-6163 Hira Khan Wed, 19 Dec 2007 13:57:00 +0000 http://greenwhite.org/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/#comment-6163 The business plan has to be judged on current prevaling environment conditions. You should not evaluate a business plan, on "Your preceived changes in external environment". However, sales projections are always "best educated guess", i guess the teams were able to convince judges on their assumptions. You used the term, "LUMS Guys", do you expect some favorism , or the winners were from LUMS. As i said, lets accept the results. And "encourage" all the participants. Its for the betterment of whole country. The business plan has to be judged on current prevaling environment conditions. You should not evaluate a business plan, on “Your preceived changes in external environment”. However, sales projections are always “best educated guess”, i guess the teams were able to convince judges on their assumptions.

You used the term, “LUMS Guys”, do you expect some favorism , or the winners were from LUMS.

As i said, lets accept the results. And “encourage” all the participants. Its for the betterment of whole country.

]]> By: Osama A. http://greenwhite.org/blog/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/comment-page-1/#comment-6162 Osama A. Wed, 19 Dec 2007 12:54:55 +0000 http://greenwhite.org/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/#comment-6162 @Jehan: I know of atleast a couple that put in their plans but I would let them announce this themselves. @Hira: Actually you do - e.g. the day these LUMS guys actually try to build up their first set of bricks and use them half of their plan and roadmap will be thrown out, their assumptions would change and the numbers that say 67M in sales the first year would drop to zero in the first year. I'd love to see how they can set up a production process that can roll out their first batch in less than a year - this isnt a money problem, but a problem of them going beyond the plan on a paper and actually delivering. @Jehan: I know of atleast a couple that put in their plans but I would let them announce this themselves.

@Hira: Actually you do – e.g. the day these LUMS guys actually try to build up their first set of bricks and use them half of their plan and roadmap will be thrown out, their assumptions would change and the numbers that say 67M in sales the first year would drop to zero in the first year. I’d love to see how they can set up a production process that can roll out their first batch in less than a year – this isnt a money problem, but a problem of them going beyond the plan on a paper and actually delivering.

]]> By: Hira Khan http://greenwhite.org/blog/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/comment-page-1/#comment-6161 Hira Khan Wed, 19 Dec 2007 12:00:36 +0000 http://greenwhite.org/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/#comment-6161 I have a slight disagreement to stated analysis of TIE. 1. I dont think its necessary to develop prototype for presenting a business plan. 2. Student class room, projects are generally innovative. I can guess, most people from Pakistani industry would be talking about making a ERP, or some minial offshoring works that industry is doing. 3. I am personally known to many people who were judges of TIE. I would seriously need to be convinced for fault in their judgements. Finally, winning TIE is no acheivement.Though i would say that, loosing might help people in getting prepared to first lesson of technoprenuership - Never be afraid of failures and experimentations. I can quote examples after examples - People who failed in their first startups made good fotunes. Lets encourage the participants and especially the winners. I have a slight disagreement to stated analysis of TIE.
1. I dont think its necessary to develop prototype for presenting a business plan.
2. Student class room, projects are generally innovative. I can guess, most people from Pakistani industry would be talking about making a ERP, or some minial offshoring works that industry is doing.
3. I am personally known to many people who were judges of TIE. I would seriously need to be convinced for fault in their judgements.

Finally, winning TIE is no acheivement.Though i would say that, loosing might help people in getting prepared to first lesson of technoprenuership – Never be afraid of failures and experimentations.

I can quote examples after examples – People who failed in their first startups made good fotunes.

Lets encourage the participants and especially the winners.

]]> By: sadaf http://greenwhite.org/blog/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/comment-page-1/#comment-6160 sadaf Wed, 19 Dec 2007 10:47:35 +0000 http://greenwhite.org/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/#comment-6160 i appreciate the coverage.. I lead one of the thirty teams that were rejected ...so was eager for the details of the final round. A business plan shud not neccesarily be global ...from a venture capitalist perspective it should be viable in terms of Pakistan.. what is sad is that the winning team ..i mean how could they win with out having spelt out the details of project viability..with out even explaining succinctly how they were making bricks out of dry ash ...i thought the top three would be the creme of the top thirty..pretty disappointing! i appreciate the coverage..
I lead one of the thirty teams that were rejected …so was eager for the details of the final round.
A business plan shud not neccesarily be global …from a venture capitalist perspective it should be viable in terms of Pakistan..
what is sad is that the winning team ..i mean how could they win with out having spelt out the details of project viability..with out even explaining succinctly how they were making bricks out of dry ash …i thought the top three would be the creme of the top thirty..pretty disappointing!

]]> By: sadaf http://greenwhite.org/blog/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/comment-page-1/#comment-6159 sadaf Wed, 19 Dec 2007 10:46:10 +0000 http://greenwhite.org/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/#comment-6159 i appreciate the coverage.. I lead one of the thirty teams that were rejected ...so was eager for the details of the final round. A business plan shud not neccesarily be global ...from a venture capitalist perspective it should be viable in terms of Pakistan.. what is sad is that the winning team ..i mean how could the win with out having spelt out the details of project viability..with out even explaining succinctly how they were making bricks out of dry ash ...i thought the top three would be the creme of the top thirty..pretty disappointing! i appreciate the coverage..
I lead one of the thirty teams that were rejected …so was eager for the details of the final round.
A business plan shud not neccesarily be global …from a venture capitalist perspective it should be viable in terms of Pakistan..
what is sad is that the winning team ..i mean how could the win with out having spelt out the details of project viability..with out even explaining succinctly how they were making bricks out of dry ash …i thought the top three would be the creme of the top thirty..pretty disappointing!

]]> By: Umar Suleman http://greenwhite.org/blog/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/comment-page-1/#comment-6153 Umar Suleman Wed, 19 Dec 2007 10:30:30 +0000 http://greenwhite.org/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/#comment-6153 Please add which should have been top 3 and also make a case 'for' them. This is missing. Btw, if the remaining plans are even inferior than the top three, then its the problem with our entrepreneurs not with the competition. Nice passionate analysis anyway. Please add which should have been top 3 and also make a case ‘for’ them. This is missing.

Btw, if the remaining plans are even inferior than the top three, then its the problem with our entrepreneurs not with the competition.

Nice passionate analysis anyway.

]]> By: Adil Saleem http://greenwhite.org/blog/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/comment-page-1/#comment-6152 Adil Saleem Wed, 19 Dec 2007 07:56:02 +0000 http://greenwhite.org/2007/12/19/tie-khudee-final-three-youve-got-to-be-kidding-me/#comment-6152 Very accurate and detailed coverage of TES. The mentioned points are an eye-opener not just for the finalists but for everyone. People keep telling the entrepreneurs to think big, global and world changing. But the selected plans are strictly local in scope. Ironic isn't it :) O and there were '20 line stories' along with 25 bullet points as well. I suggest TiE should have a 'Presentation Competition' next time :) Very accurate and detailed coverage of TES. The mentioned points are an eye-opener not just for the finalists but for everyone.

People keep telling the entrepreneurs to think big, global and world changing. But the selected plans are strictly local in scope. Ironic isn’t it :)

O and there were ’20 line stories’ along with 25 bullet points as well. I suggest TiE should have a ‘Presentation Competition’ next time :)

]]>