Page 11 – Flat6Labs

ACCELERATING THE FUTURE

Meet Lebanon’s Yayy, Startup Poised to Disrupt the Gaming Industry

The startup scene in the MENA region has been focused on all industries, but gaming; few gaming-focused entrepreneurs start-up, and even fewer make it and earn the recognition they deserve in this very challenging setting. We intend to highlight through this Q&A with the Founder of Yayy, Ziad Talge, one of the very promising gaming startups from Flat6Labs BeirutYayy: a gaming studio that is currently focusing on creating hyper-casual games.

  • Q: When did you start pursuing gaming, and how did you kick your startup off?

It was back in April 2016 that we decided to start a project where we can connect the real world to the parallel world. As a big fan of the Lord of the Rings book series, I have personally always sought as a kid to become a fantasy hero. And this is how it kicked off!

  • Q: Why did you take up the challenge to start it up?

We decided to start this studio because we believed that we are capable of creating content that would attract people from every part of the world. That was and still is our main motive.

  • Q: What are the games that Yayy has developed?

Until today, and since we joined Flat6Labs Beirut, we have developed 7 games: Conquerors of The Realm, Unicorn Slayer, Zombie Smash, Mess it Up!, Fun Hoop, Domino Hit and Domino Stacks. Currently we’re in the process of releasing an 8th title and many others in the pipeline.Q: How do you think your games can compete with prominent and international games in the market?

With the current games that we tested in the US, we are proud to say that we compare in our KPIs to top performing games. Our retention rates are close to those of hit games and so are our CPIs. We’re constantly improving those KPIs and aiming to release a hit game.

  • Q: What are you trying to change with Yayy — what’s your ultimate goal?

Our ultimate goal is to create an entertainment company that is able to create content from this region and ship it to the rest of the world. We believe that there is huge talent in the region that is focusing on local content. We would like to change that. We want the local talent to focus on global content. We want to become a Disney from the Middle East.

  • Q: Who is your role model in the gaming industry?

Well there are many key players in the industry, but what appeals to us the most are Supercell. They started small and they’ve pivoted multiple times — just like we did — until they found their business model in mobile strategy games. If you closely follow their work, you can see that they’ve killed more games than they’ve released games. This is the mentality we are lacking in the Arab world, and this is what we’re trying to change. It’s a matter of persistence before you make it. We’re on to it.

  • Q: How do you think the gaming industry in the MENA will change in the upcoming years?

Referring to the Supercell example, and following the Finnish gaming ecosystem, you can notice that at a certain point in time, it was still a developing market with few big hits around the world. The ecosystem was heavily funded by the government and private investors. However, following the growth of mobile app stores, we witnessed multiple success stories from Finnish companies such as Rovio Entertainment and Supercell. We believe that in the Arab world we have a chance to grow and become a central hub for games around the world, just like the Finns did. Arab talent and investors should be focusing more on this industry for us to be able to make it on a global level. After our experience in the ecosystem, we believe that the gaming industry in the MENA region will boom in the near future, particularly because we not only have talented gaming studios, but because we have the highest ARPU in the world and the highest retention rates in terms of user base.

  • Q: What are you trying to change in the mobile gaming market?

In terms of the mobile gaming market, it has become more crowded than it has ever been. However, if you follow the Top Charts, you notice that the top publishers in the mobile gaming market are scattered around the world. With French companies dominating the Top Charts, companies from Turkey, Belarus and China are providing a huge competition. We are trying to establish a studio in the region that is able to publish content from this region and to compete with such companies dominating the Top Charts. It’s about time a publisher from this region breaks the top charts. We’re positive that Yayy would be the one.

Yayy’s Founder, Ziad Talge, pitching at Flat6Labs Beirut’s 2nd Demo Day
  • Q: What does your startup need the most now?

We are always on the lookout for talents in the field. We’re aiming to grow our team of developers, 3D artists, animators, music producers, etc. We’re looking for skilled people to join us and make their own impact within the company. Of course, when we talk about talent and skills we cannot neglect that we’re looking for funding to be able to support the current team and to grow the team so that we would create more games in the shortest amount of time and iterate fast to increase our chances of success.

  • Q: Why did you join Flat6Labs Beirut and tell us more about your acceleration experience?

We worked for two years in our room to create the concept that we were visualizing. After launching on Kickstarter and attending different events around the world, we learned that there were too many things to acknowledge before we can make something big and make a huge impact. As you may know, and since Flat6Labs is the biggest accelerator program in the region with a presence in more than 6 countries, we found that it was intuitive to apply to the Beirut program. Flat6Labs’ most important value for us was mentorship and market access which was vital for our personal and the projects’ growth. I can safely say today that we made the right decision.

  • Q: What are the markets that Yayy targets?

Our target market is the US market before we ship our products globally. As a matter of fact, currently we have 4 of our games being tested in the US market: Mess it UpDomino HitDomino Hit, and Domino Stacks.

  • Q: What is your advice for startups in the gaming scene?

From our personal experience, and learning from our own mistakes, we learned that four factors are the most important. First of all, DON’T fall in love with your games. There is a big difference between loving what you do and falling in love with what you do — Keep that in mind. Second would be to start small. Yes, we can all get excited to make a huge impact, but we have to be realistic at the same time; we started one big project, and here we are now producing several smaller games per month and increasing our chances of success. The third point would be mostly to test with people around you. So keep the end user in mind. We might read this a lot, but eventually this is what we fail to do. As a game developer, you would be excited to create a new mechanic that no one ever did before, and you tend to fall in love with your creation. In reality no one wants it. Again, keep the end user in mind because the market is your boss. Finally, keep an open mind. You might need to pivot from your dream to make things work; however, keeping the initial vision in mind.

  • Q: What are the common struggles for people who want to enter this industry?

The biggest problems for people who would like to get into the industry are mainly due to limited market knowledge. Since in the gaming market itself, there are many “verticals”: some studios would focus on PC games, console or mobile games. Each vertical has its own market penetration strategy and marketing channels. The second problem is the result of the first one, new people getting into the market usually lack the marketing skills. Some games require user acquisition only, while others require a strong community following. It’s a matter of positioning yourself in the market. The last one would be something already mentioned: falling in love with your games before going to market. This would result in a long development cycle and end up with a big game — starting big is a great risk of failing. It’s also important to note that if you’re a gamer, it doesn’t necessarily mean that you know the market. You might have the game development skills, but you would be lacking the business skills.

  • Q: What can you tell startups about your post-acceleration period with Flat6Labs?

If we look back to Yayy before Flat6Labs and Yayy after Flat6Labs, we would require a whole new article to point out the benefits we’ve received and the things we’ve learned. But to mention the most important points in our opinion: the mentorship and guidance we’ve learned and keep on learning through the huge network of mentors that they provided. As a matter of fact, we are still until today, 8 months post-acceleration getting mentorship and guidance from experienced people in the industry and people that have been in our shoes. One important thing to mention as well is the access to offices. We’ve received a full year of office space to kick off our companies. You never value these things until you get to lose access to them. Thanks to Flat6Labs Beirut and the amazing supporting staff!

  • Q: Other than Yayy, what’s your favorite gaming startup?

We don’t know if they would still consider themselves a startup, but our choice would definitely be Voodoo. The French company has been leading the top charts with multiple games. They started not long ago, but their business model and amazing team is what got them there. They are data centric, they iterate fast and most importantly they share their knowledge with fellow people in the industry helping smaller studios grow and establish themselves in the industry.

Will MENA’s Next Big Startup be In Mobile Gaming?

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5 Tips For Bahraini Startups Who are Pitching to Investors

You’ve put in your all to kickstart your startup and now you’re after investors who can share in the vision you have for your business. A great pitch goes a long way in securing investments and the way you present can make or break your chances. If you’ve been to one of Flat6Labs Bahrain’s Demo Days, then you’ve probably seen that we do know a thing or two about giving an exemplary pitch. Here are some of our tips to pitching your way to securing investments for your startup:

  • Have a solid deck: A good pitch deck is essential to any successful pitch. It is crucial to have a set of slides that outline your business model, revenue model, competition, business strengthsand market potential. While slide designs aren’t going to be a deciding factor for potential investors, you still need to put in some effort to have a clean-cut design with any useful visuals that fit in with your brand.
  • Get to the point: It’s good to have abundant information and research to use but prioritize the main aspects you need to communicate and cut back on anything repetitive and non-essential. Be clear, eloquent, concise, and get to the point!
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  • 3. Know your stuff: It goes without saying but we’ll say it anyway; when you talk, you should actually know what you’re talking about. You obviously need to have an arsenal of numbers ready to give potential investors but be careful about overexaggerating your figures. More often than not, VCs and investors can see through the smoke and even call you out for it. Another important thing to note is when making claims about how much your business is on its way to being worth; share the vision for it and your key steps to reaching it. It’s easy to claim that you’ll be worth $5,000,000 in 5 years time, and maybe you just might be, but with a bold claim like that you’ll definitely need to put your money where your mouth is.
  • 4. Be confident but not un-open to criticism: Everyone tells you about the importance of confidence when speaking. And yes, it definitely plays a significant role in a successful pitch, because after all if you’re not confident about your product/service then how can you expect investors to confidently put their money into it! But there’s a fine line between confidence and not being able to take constructive criticism. Potential investors will ask tough questions, grill you, scrutinize your business model, etc. and it’s all part of the process. You need to be able to handle the stress and answer their questions well when they ask the hard stuff.
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  • 5. Practice, Practice, and Practice: There’s one sure way to get better at doing something; and that’s of course to practice, practice again, and then practice some more. Practice your pitch in front of others and get yourself used to speaking in front of a crowd. It’s normal to get a bit jittery or anxious, as long as you find a way to maintain your composure and perform your pitch. As cliché as it sounds, practice certainly does make perfect!

Apply now to Flat6Labs Bahrain fourth cycle here.

Originally published on Startup Bahrain.

Here’s Why a Solid Partnership Is Essential to Your Startup’s Success

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With your innovative services or products trying to enter the space of one thriving startup scene, it is crucial to know where your startups’ best interests lie; and what is the best course of action that will revolutionise how people live daily through your tech-based solutions. Identifying what you need early on, and settling on partnering with those who can help you propel your startup comes a long way; especially, if you chose Flat6Labs, and the reasons are many.

The resources available with partnerships help you ensure that your startup has garnered the necessary tools to scale. As you partner with Flat6Labs, you become one with an entity that has the experience of eight years accelerating +200 startups across the MENA region. This entails the expertise of Flat6Labs team, and the several bodies that support its existence like the Global Accelerator Network (GAN). With GAN’s connections to different experienced accelerators across the globe, it helps spread the know-how of highly technical and sometimes problematic issues.

Mitigating the Hurdles of Operating in the MENA Region

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The expertise is just the tip of the iceberg, for in order to mitigate the common struggles that comes with regional or even global expansion; finding funds or mentors; finding a market need; outdoing competitors; or finding a team & getting exposed, it requires an expansive network spread across the entirety of the region. And, with GAN’s network of accelerators, it becomes across the globe as well.

One of the hurdles was identified in a research conducted by GetAutopsy on 60 MENA startups, which concluded that the main reason for 27.3% of startups failure was due to the inexistence of a market. A partner like Flat6Labs, can ensure that you take the necessary steps; be it pivoting or moving to a different market, all to avoid the startup’s early demise. Also, this kind of partnership allows you to ease your entry in a market that is more often than not resistant to innovative change that overtakes decades old manual processes.

Connecting to the Region and the Globe

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Partnerships can enable startups expand beyond the borders of their origin; hence, highlighting and exposing their services and products to new markets. In fact, Flat6labs is one of the few accelerators in the MENA with regional and global reach. This network we pride ourselves in having is capable of, connecting our startups with government officials, investors, consultants, mentors, and even founders of startups like themselves who can on both regional and global levels — with the help of GAN network — offer unlimited support. This network also provides them with the tools to have soft landings in markets other than their own. You can take Rumman, a graduate of Flat6Labs Beirut program, as an example, which had a softlanding in Tunis because of Flat6Labs regional expansion and network!

Utilising Your Partner’s Network

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Becoming one with such an entity, also means that the partnerships they have with investors, initiatives, and institutions can help startups explore new grounds and fund their operations.

Since finding talents is essential for growing startups, the Tunisian American Enterprise Fund Initiative (TAEF) partnership with Flat6Labs Tunis helps startups find the team that will help with its product/service development through its network. In one of our interviews with TAEF, the Chairman, said after Flat6Labs Tunis’ first Demo Day:

“TAEF has committed to serving all parts of the Tunisian small and medium business sector and this partnership is one of our important pathways for investment.” — Mr. Bowman Cutter, Chairman of TAEF.

While talents are important, the formula of success is derived from the many factors that come into play that’s why the partnerships your startup has with different entities contribute to your success. For example, through a network of local, regional, and international mentors and counselors, our partner, LE15 initiative of Meninx Holding, is capable of providing informative sessions that will help your startup kickoff. As well as, through their network, they can help you find potential clients/suppliers.

“Flat6Labs accelerator is opening up new horizons for these startups. We are very proud to support these high-potential entrepreneurs, and strongly believe that their energy, dedication, and innovation will help play a part in building the future of Tunisia.” – Mr. Mehdi Tamarziste, CEO of Meninx Holding.

Through different initiatives, such as OST, Bloommasters, Biatlabs and Endeaver, BIAT is supporting not only Flat6Labs, but the whole ecosystem by implementing the entrepreneurial mindset, and supporting entrepreneurs throughout the different stages of a startup.

Far into the Gulf, Tamkeen’s initiative to increase employment rates through encouraging startups is helping Bahraini startups develop plans, strategies, and build products/services that befit Bahrain’s market. This is done through the partnership they have with Flat6Labs Bahrain, and tailoring an acceleration program that is suitable for the Bahraini startup ecosystem.

Paving the way for many growth opportunities; increasing the chances of startups scalability; and pushing the startups into untapped markets has been a core drive of this partnership. This includes when Tamkeen helped send out three of Flat6Labs Bahrain startups: Innagrab, WNNA, and the Experience Accelerator to Silicon Valley to exhibit their products & services; network with a magnitude of professionals; and talk to bigwig, risk-taking investors.

Tamkeen’s belief in Flat6labs and efforts with it, is thoroughly illustrated through Tamkeen’s bigwig:

“We are delighted to have a world-class organization such as Flat6Labs, and look forward to enriching the experiences of Bahraini business by bringing global models and developing their business according to advanced and successful models of business accelerators.” — Dr. Ebrahim Mohammed Janahi, CEO of Tamkeen.

This partnership of sorts is helping curate a top-notch acceleration program that is supported by Tamkeen’s resources; knowledge of the local market; and funding, which will all contribute in creating more opportunities for our startups.

Developing Stronger Mindsets to Face Struggles Head On

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It doesn’t exactly end with only two arms of a partnership aiding you through the onset of your life as a startup founder. Another arm would be the resourcefulness of our team when it comes to knowledge in helping in the creation of, solid business and financial models; the best ways to pivot; connecting you to investors; and sending you out on regional exhibitions to gain exposure. Also, mentoring you and your team through coaches & experienced mentors; creating workshops tailored to your field; and even finding you the best talents to help your startup progress with fresh minds!

Speaking of talents, GetAutopsy research also highlighted that one of the top three reasons for the startups failure was having a poor team incapable of developing the product/service. However, with Flat6Labs connections to a diverse network of professionals, this struggle becomes much easier to face head on.

With our network, regional exposure, and with GAN network of accelerators, Flat6Labs has demonstrated the ability to put its startup in front of investors at +30 demo days across the region. Over the last year alone, Flat6Labs’ startups received $1.3m of follow-on funding from different VCs, governments, and corporations.

The benefits you receive with partnering with a regional entity like Flat6Labs, puts you on a path filled with diverse growth opportunities that will enrich your startup with the necessary tools to flourish in a very competitive market.

5 Reasons Why Networking is Vital for Your Startup

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Flat6Labs provides MENA-wide soft landings for its startups