Ideas for startups can originate from simple things that can be seen every day. Google CEO Sundar Pichai (right) had a meeting with Nguyen Ha Dong in 2015 In 2015, Google CEO Sundar Pichai, paid a working visit to Vietnam and had a meeting with Nguyen Ha Dong, the creator of Flappy Bird, a game with a record high number of downloads. The meeting took place at a street tea shop, lasting 30 minutes. At a later meeting with Vietnamese CEOs during the visit, he said that Vietnam had caught the attention of international businesses and that businesses need to grab the opportunity and reform themselves continuously. During the one-hour talk, the CEO stressed that the way to success is to focus on the domestic market. Succeeding there first will allow Vietnam’s businesses to reach out to the international market. Saul Singer, the author of “Start-Up Nation", told the press during a visit to HCM City, that the city was filled with an entrepreneurial atmosphere. He said people were doing certain types of business on every sidewalk, at every corner, and on every street. Nguyen Tuan Anh, former CEO of Grab Vietnam, has mentioned how the idea about Grabbike, a motorbike ride-hailing service, came to him. “In 2015, I saw the flow of motorbikes trailing each day into the city (HCMC) center, about half of them had empty seats behind. I believe that it is wasteful if one person uses a motorbike. This causes traffic jams. Why don’t I develop Grabbike after developing GrabCar,” he said. Some startups focus too much on spending money to lure more users and expand market share, while forgetting to make money. This leads to financial problems. A startup that is good at spending money but bad at making money is compared to an ‘addict’ who has to sell shares to raise funds. Grabbike has been developing well beyond expectations. Almost everyone owns a motorbike and they can become Grabbike drivers to earn money. This is an opportunity for students who …
[Read more...] about Startup stories: ideas can come from everyday life