Technology As Innovator

A. What happened, basically

Chip did a very nice coverage with her immediate post Twitter SaiGon 1st Gathering. Thanks a lot Chip, it wouldn’t never have been successful without you.

B. What happened in details

The detailed agenda included the normal information exchange and 3 main sections as listed below:

B. 1. E-Learner Platform 2.0

Two students, Mat and Hung, and starting to build their grand program on teaching children on an E-Learning environment which emphasizes Openness and Cost-saving and takes advantages of Web 2.0

Hung’s presentation immediately inspired many interesting debates. Apart from popular arguments on technology, costs and practicability of the tools, what impressed me most was that we brought the Willingness for Alternative Solutions on the table. We didn’t stop at the fad of new tools, we touched the heart of a Mindset issue.

For now, to avoid repeating Hung’s words duplicating Hung’s contents, I invite you to CLICK HERE to see their slide show for the program.

B. 2. BarCamp Saigon

“BarCamp is an ad-hoc gathering born from the desire for people to share and learn in an open environment. It is an intense event with discussions, demos and interaction from participants.”

So why would you want to join the BarCamp in Saigon:

1. If you’re a geek, you know what you do
2. If you’re in the technology field, this is a chance for you to meet with people with similar interests love
3. It’s a learning opportunity
4. It’s not only for networking. It’s open and honest
5. It’s a chance for you to see, hear, touch and talk about new things fresh right out of people’s head
6. If you’re an analyst, come over here to this information goldmine
7. Even if you’re not in technology, you might want to come here and share the problems you have in your jobs and maybe someone with a technical expertise can help with a solution you’ve never thought of
8. Start-ups, meet people here!
9. Venture capitalists, all geek faces around the region are here
10. Please feel free to add your point here or with a comment below

Please simply put the date in your calendar: 15/11/2008

B. 3. Mentioning some web services

Google, Navigos’ Caravat and Yahoo! Portal clone Timnhanh. Only quickly through though; we didn’t dig deep down on each.

B. 4. An investment opportunity

…on technology, blogging and media… something that’s never been done in Vietnam.

You don’t want to miss the next part. I know you don’t want to miss the next gathering. Please CLICK HERE to subscribe, you’ll never miss the next good things.

C. My Key Observations

Obviously, the topics don’t want to go away from my mind so easily. There are some few things I’ve observed from our gathering that I’d like to share:

C. 1. CommunicatioN first, then media

The gathering is an evidence of “CommunicatioN, not CommunicationS“. Technology (Twitter) serves as a platform to build and strengthen the human quality of communicatioN.

C. 2. Synergistic power

Unlike networking functions I had previously attended/organized, the gathering was full of positive, creative and synergistic energy, thanks to the burning passion and rich ideas from each attendant.

In other words, it was networking not for the sake of sheer networking. It happens when the good comes first, rather than the goods come first.

How do you agree with me?

C. 3. The internet is so full & rich has it fully reached the users?

This exclamation came from N., a non-tech-savvy professional: “The internet is so rich. I only have a Facebook and a LinkedIn”. This brought 2 thoughts up on me:

1. It reminds me of “Way of a Scientist” that I was thinking hard on one year ago.

We (solution providers) want to keep users from the complexity of technology.

2. It’s a good excuse for me to bring this statistics on the table: 58% of people don’t know what social networking is.

How about Vietnamese users? What is the percentage do you think? I believe that analyzing my following suggestions would be useful:

1. The opportunities of expressing via more traditional channels. This should help justifying the love for blogging in many Vietnamese users
2. The willingness to look for alternatives. This should help explaining Yahoo! 360’s huge success in Vietnam
3. The amount of time an average Vietnamese spend on online activities as compared to their peers in some other countries such as US or Japan. This should help reasoning the growth of social networks.
4. Physical distance between Vietnamese mutual connection. This might help with analyzing micro-blogging.

C. 4. Globalization

Kevin gave us a compliment “This is the first time we mid expats and Vietnamese that works!” Thanks Kevin, I don’t know about others, but if I am to name one thing that pushes me on, it would be my conviction in being a “Global Villager”.

Hold your breath…

…the next event is coming soon…

July 2008 witnesses a boil in personal banking services in Ho Chi Minh City.

1. Many banks have been aggressively expanding their ATM network.

Dong A Bank’s CEO just claimed that their ATM network is second to Vietcombank’s in Vietnam. And this is true. The navy shade of Dong A ATM can found spotted on many corners along main streets.

Following right after Dong A are the light-blue ACB, the red-blue Vietinbank and another red-blue BIDV.

2. ANZ does like no other with their impressive home banking service

ANZ banking consultants provide consulting services at customers’ home on calls and free of charge.

3. HSBC eventually accelerated in their personal banking expansion

Their target is the mid-high income class with salary from $1,000 up. The ATM network also grew steadily with over 100 ATMs. [Link]

4. Interest rate for VND rised to nearly 19%

Was it innovation or experience?

In the context of financial difficulties in Vietnam in recent months, many banks especially foreign-invested have made bold moves. Some of them might be perceived as innovative. However, these practices are hard results from the experience of their long histories in more developed markets.

What next?

Welcoming August 2008, the goggles shall continue to be on CPI, the fluctuating stock market and especially gold. Real-estate, for the mean time, might enjoy a short rest.

What personal banking service are you using in Vietnam? How happy are you with your current bank? What services do you wish your bank had provided?

The WSJ is reporting that Google is set to launch a venture fund to give it the option of investing in startups instead of just flat out buying them. The fund will be led by Google’s SVP Corporate Development David Drummond and Bill Maris, a long time business friend of Anne Wojcicki, Sergey Brin’s wife. Maris is a tech entrepreneur with a degree in neuroscience and worked with Wojcicki at a San Francisco-based for-profit company called Catalytic Health.

This hasn’t been confirmed by Google, and it’s clear they’ve been thinking about a fund off and on for years. From the article:

The move would make Google the latest technology giant to take on a more-formal role in seeding start-ups. Intel Corp. has had a large venture-capital arm for years, as have Motorola Inc., Comcast Corp. and many others. In the consumer-Internet area, Walt Disney Co.’s Steamboat Ventures has invested in a number of Web start-ups. So has Amazon.com Inc., which has funded a number of young companies without structuring a formal fund.

Their track records have been mixed. Corporate venture-capital arms have been hampered by challenges that traditional venture-capital businesses don’t face. Venture capitalists invest in private start-ups at an early stage, usually in hopes of a big payout if the company is sold or if its stock goes public.

Many start-ups fear that taking corporate money limits their options and comes with strings that could turn away other potential investors — such as a right to buy the company at a later date. Some funds with less competitive compensation have struggled to retain managers, and corporate venture funds often don’t allow senior employees to invest personal money in their funds, while other venture funds typically do.

This wouldn’t be the first time Google started a fund to invest in other companies. In June 2007 they launched Gadget Ventures, a pilot program that, in part, invests seed money in companies looking to develop for the gadgets platform. They have also previously invested through Indian VCs.

Source: TechCrunch