The event took place at KAIST University in Daejeon.
I came with the original intention of writing something about the event, not participating.
The first night started out rather low key; a number of entrepreneurs presented their ideas, and the attendees were expected to join up with the team/idea they liked the best.
One of the presenters during the first day, with AppCenter's Sally Park and Co Up's Seokwon Yang on the right |
Ryan Huddleston (me) speaking to Donny Lee of Wardrobe |
Our team's first meeting! |
In-Home: we shared our room with Reflectly, who would go on to win 1st Prize and Best Presentation at the event |
First, we wanted to look at what kind of problem we were solving. There are many photo sharing services that include pin boards. Pinterest even has a sub-category devoted to interior design. How could we go about distinguishing ourselves?
In-Home becomes Glassroom |
- Users can modify the arrangement and size of images on the collage board, unlike Pinterest
- Limit stock design photos; we recommend that users upload pictures with themselves or friends in their pictures
- Because the service is location based, users are able to notice interior design trends in different areas of the world
- More personalized stories about individuals (see how people live their real lives)
- Interior designers can upload their personal pictures (or their whole portfolio) to our site
From left to right: Yun-duk Nam (남윤덕), Ryan Huddleston, Ji-Hwan Kang (강지환), Ruda Lee (이루다) |
We worked well into the night putting all the pieces together, and, after a brief rest, reconvened early the next morning.
Sunday morning was spent putting the finishing touches on our prototype, logo, and presentation. We put in a future outlook/road map and cost projections, and decided how much equity we were willing to give up for seed capital.
Glassroom logo rough design |
Final logo design |
David Lee of XG Ventures |
During the presentation |
In front of the judges |
Afterwards, we had a chance to meet many of the other teams, mentors, and investors at the farewell dinner.
The Glassroom/Reflectly (Reflectly Glass!) crew |
Talking to some of the judges during the farewell dinner |
Spectator Point of View
-Ross Geesman of Invest KOREA attended the event as a spectator
Prior to heading to Daejeon, I didn’t know what to expect. Koreans are often described as being risk averse and non-entrepreneurial, and many prefer to apply their talents at a large company like Samsung or Hyundai to risking failure by starting a business. When I arrived as an observer on the evening of the second day of the event, I was surprised to hear that not only were there 100 people participating in the event, but it had a waiting list of 150 individuals who couldn't join due to lack of space.
Entrepreneurs arriving at the event |
The teams had already formed and were busy working on their businesses. However, most of them had the time to explain what they were working on. I listened while the excited young entrepreneurs, a few of them still in high school, explained ideas ranging from a customizable fashion magazine website to a mobile service for students to sell their used text books on.
I returned on Sunday to watch the teams pitch in front of a panel of venture capitalists and entrepreneurs who chose 1st 2nd and 3rd place winners. This event showed that there is no lack of entrepreneurial spirit among Korean youth. The excitement the participants showed while explaining their ideas overflowed the next day when teams burst into spontaneous cheering for their presenters as well as those of the other teams.
I returned on Sunday to watch the teams pitch in front of a panel of venture capitalists and entrepreneurs who chose 1st 2nd and 3rd place winners. This event showed that there is no lack of entrepreneurial spirit among Korean youth. The excitement the participants showed while explaining their ideas overflowed the next day when teams burst into spontaneous cheering for their presenters as well as those of the other teams.
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