E256: Sri Lanka Meetup on This Week in Startups

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On This Week in Startups, Jason, Tyler and special guest co-host Shamal Ranasinghe (virtually) traveled all the way to Colombo for the first Sri Lanka meetup! We saw five entrepreneurs with well-thought out, competitive products, but only one won… So which?! Watch and find out.

1:00-2:00 Welcome everyone to the first TWiST Sri Lanka meetup!
2:00-4:30 We’re very excited to hear from five startups in Sri Lanka today.
4:30-7:30 With us today is Shamal Ranasinghe, one of the co-founders of Topspin Media. Welcome Shamal!
7:30-9:00 Are the Sri Lankans an industrious people?
9:00-11:00 Thank you to Sourcebits for sponsoring the show!
11:00-12:30 Sesiri, what do you do in Sri Lanka?
12:30-16:00 Buddhika Siddhisena pitches ZoomBa, an enterprise app that helps increase employee collaboration and IT infrastructure functionalities.
16:00-17:45 What are some of the services you provide?
17:45-19:00 Do customers want the CRM services that you’re offering, as opposed to going with another provider?
19:00-22:30 Shamal offers his feedback.
22:30-24:00 Next is Jehan Bastian from eDGEVANTAGE, which offers web-based document and workflow management support.
24:00-25:30 I think we understand the idea. Who are your big clients?
25:30-27:30 What open-source software is this built off of?
27:30-28:45 Shamal, what are your thoughts about going up against big companies like this?
28:45-33:00 Thank you to GoToMeeting for supporting the program!
33:00-34:30 Mangala Karunaratne pitches Xaffo, which is like Google Analytics for social media.
34:30-36:30 Is this product launched already?
36:30-36:45 Working on a low price isn’t as important as working on a killer feature.
36:45-41:30 Shamal: It’s a crowded space and anything you can do to focus on ROI for the user would be a good way to go.
41:30-44:45 Next we have Ehantha Sirisena pitching OWI Systems, a customizable hospitality solution for restaurants and clubs.
44:45-45:30 How long have you been around?
45:30-46:15 Tyler: Because it’s so broad, it’s hard to follow in a pitch. You’re better off focusing on one problem you’re solving.
46:15-48:45 Shamal: The pitch started off strong, but then it went in so many directions.
48:45-50:15 What’s the technological foundation in Sri Lanka?
50:15-52:15 Last to pitch is Ashoka Ekanayake of Let Go! App, a system for helping you manage and improve your emotional intelligence.
52:15-54:15 The name is ok, but the logo is bad. This is certainly the most original idea of the group.
54:15-56:00 Tyler: It would be amazing if you could tie this to your heart rate.
56:00-58:45 Shamal: I like emotional intelligence and I like the concept.
58:45-01:00:45 An insight from Tyler: This is like an out of work developer.
01:00:45-01:03:15 You just don’t want this app to be enabling.
01:03:15-01:08:30 Why did you build this, Ashoka?
01:08:30-01:10:30 Let Go! App is declared the clear winner! After a vote, second place goes to eDGEVANTAGE.
01:10:30-01:13:00 Thank you to everyone in Sri Lanka and thank you Sesiri for organizing! We’ll see you next time.

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