Startups

ASIA CASEYLAU.comby

EAST MEETS WEST 2014

in

• Born and raised in Vancouver, spent a few years in Kahala Elementary and been in HK since the handover.

• Co-founded and sold HK’s first e-commerce Dotcom in 2000.

• 3 more startups - 1 sold, 1 crashed and 1 continues without me.

STARTUPS

in less than10 slides

HK

the

story

HONG KONG AS TECH HUB

‣ Silicon Valley’s ecosystem is currently 3X bigger than New York City, 4.5X bigger than London + 12.5X bigger than Berlin. London is the largest technology ecosystem in Europe.

‣SV’s ecosystem has 22% more companies in the “scale stage” than in NYC and 54% more than in London.CYBERPORT CIRCA 2009

STARTUP MONDAYS CIRCA 2009

BOOT HK HONG KONG’S FIRST STARTUP CO-WORKSPACE

CIRCA 2010

STARTUP MONDAYS CIRCA 2010

STARTUP SATURDAY 2010

6 TO 6000 MEMBERS

500+ ATTENDEE CONFERENCES

http://www.startupshk.com/wp-content/uploads/2013/11/image_Snapseed.jpg

PITCH CLUB

‣ MailTime: US$500K ‣ Notey: US$500K ‣ SnapTee: US$650K ‣ OpenBall: US$750K ‣ HotelQuickly: US$1.1 million ‣ Grana: US$1 million ‣ AfterShip: US$1 million ‣ Bindo: US$1.8 million ‣ 9Gag: US$2.8 million ‣ GoGoVan: US$6.5 million

INVESTMENTS

EXITS

18

CO-WORKSPACES5-MINUTE TOUR HONG KONG

THE HIVE

COCOON

THE GOOD LAB

‣PaperClipHK ‣Sheung Wan ‣Academy ‣Desks ‣Eventspace

PAPERCLIP ACADEMY

GARAGE SOCIETY

SMART-SPACE

StartupsHK.com

Startbase.HK

Startup Jobs

SINGAPORE

TAIPEISEOUL

JAKARTA BORACAY

TOKYO

Startup Ecosystems in Asia

Infrastruture Regulation Financing Talent Technology Culture

China

Hong Kong

India

Indonesia

Japan

Korea

Malaysia

Philippines

Singapore

Taiwan

Thailand

Vietnam

ASIAN CYNICISM

‣Parental restrictions ‣Property/Stocks ‣Bank hiring ‣Low tech education ‣Role Models ‣Globalization ‣Fear of Failure

‣Singapore government has allotted massive funding, schemes and matching budgets for startups. ‣Lots of co-workspace. ‣Lots of angels and investment groups. ‣Government subsidies. ‣Growth forces them to look Pan-Asia. ‣English/Mandarin.

SINGAPORE

‣Low-cost, good English, Taipei is great. ‣Major tech hardware brands. ‣ 23 million population. 17 million+ online. 60% Facebook

penetration. ‣Low seeds and NO Series A. ‣Good place to start if you want to go global but NOT

China.

TAIWAN

‣Think big. Then think even bigger. Then x100. ‣A billion dollar startup < 10 different billion dollar

startups. ‣Can create a hit in a single A-class city. ‣Barriers to entry/exit. ‣Beijing is Silicon Valley East. ‣HK no longer a gateway to China:

IF you want to go to China, GO to China!

CHINA

‣Next big tech sector in Asia. ‣K-Pop, Korean Dramas = viki.com = US$200million. ‣Samsung not driving innovation. ‣Government set aside $4B for creative economy,

$400mm just for startups early stage investments. ‣Not a market, Korean ideas don't always

translate.

KOREA

‣What works in Japan not always scalable, cultural. ‣Tokyo, Osaka and Fukuoka startup hubs. ‣NOT a naturally entrepreneurial country. ‣Amazing ideas, all in Japanese. ‣Preach globalization, but long way to go, but who cares

seed to IPO all in Japan.

JAPAN

‣Malaysia: Growing, angel funds, tax benefits. ‣Thailand: Growing market. ‣ Indonesia: Mass growth market. ‣Vietnam: Developing market. ‣Philippines: Geeks on a Beach!

SOUTH EAST ASIA

Startups

• Look to Asia to expand your startup.

• Look to Asia to build a startup (something missing in the cracks = A LOT!).

• Look to Asia for talent.

TAKEAWAYS

• APAC is growing super-fast. Korea and Singapore have money and drive.

• SEA coming in fast with market boom.

• Japan and China doing their own thing.

• Hong Kong a soft landings but no longer a “gateway to China.”

• Trends: Hardware, eCommerce, Uber of whatever.

WRAPPING IT ALL UP