Post on 11-Apr-2017
How to create
1,000
$300 Million Fund Top 3 Global Seed Investor
HARDWARE
$300 Million Fund Top 3 Global Seed Investor
HARDWARE BIOTECH
$300 Million Fund Top 3 Global Seed Investor
HARDWARE BIOTECH SOCIAL / MOBILE
$300 Million Fund Top 3 Global Seed Investor
HARDWARE BIOTECH SOCIAL / MOBILE
SEED GROWTH
O TO 1 1 TO NSHENZHEN
Prototype to LaunchSAN FRANCISCO
Product to Scale
SHENZHEN SUPERPOWERS
SKILLS
(ANY) SCALE
SPEED
SAVINGS
A WEEK IN SHENZHEN
IS LIKE A MONTHANYWHERE ELSE
R&D
Prototyping Production
Sales
1
23
World-Class STARTUPS World-Class RESOURCES
CHINA
EUROPE
USA & CANADA
REST OF WORLD
200 Global Investments
CONSUMER (40%)
HEALTH (30%)
INDUSTRIAL (15%)
ENTERPRISE (15%)
SUCCESS>50x
>10x
CO-INVESTORS
70+ CAMPAIGNS | 90% ABOVE $100,000
10 AMONG WORLD’S TOP 100NO.1 FROM AUSTRALIA NO.1 FROM CANADA NO.1 FROM FRANCE NO.2 BY NUMBER OF BACKERS
“NO.1 INVESTOR IN CROWDFUNDED HARDWARE”
Jasen Wang, Founder, Makeblock
Recently…
Recent visits to HAX
Old China
New China
Akihabara ���
Huaqiangbei �
x20
THE SILICON HAS MOVED OUT
OF SILICON VALLEY
New China
New China
New China
How about Japan?
Ricoh, Seiko Group, Sharp Corporation, Sony, TDK, Toshiba and Yamaha.
Why no new SONY?
Lack of entrepreneurs
1/ Find opportunities 2/ Increase upside 3/ Limit downside
Why few entrepreneurs?
Problem: Ecosystem
1. Market 2. Capital 3. Talent 4. Regulations 5. Community
Ecosystem1
2
34
5
WIN large market
large market
WIN
many chances
large market
FAIL many chances
large market
When do people start?
BAD GREAT
Economy
When do people start?
so-soBAD GREAT
we are here
Learn from rising stars
2015 110 startups
2014 40 startups
2016 190 startups
2017 238 startups
Market
• Local • USA • China • Other
CapitalTalentRegComm
MarketCapitalTalentRegComm
• Angel • Seed • Growth • IPO • M&A
Angel
Seed
GrowthIPO
M&A
Intel buys Mobileye for $15.3bln
x
Xavier Niel, founder of FREE
World’s biggest startup campus: 1,000 startups
Mr. Niel invested $270mln
MarketCapitalTalentRegComm
• Engineers • Designers
Engineers
Designers
Engineers
Designers
Marketers
Engineers
Designers
Marketers
Entrepreneurs
19,800+ co-op students 3 semesters 120+ programs (30-50% of time) 6,700 companies
Co-Operative Education
MarketCapitalTalentRegComm
• Engineers • Designers • Marketers • Entrepreneurs • Overseas life
Most top universities require overseas
internships
Takakazu Fujimoto
�������� �� HAX������ �
“The most important thing is to go abroad and see Japan from outside the country.”
Dr. Shuji Nakamura Nobel Prize for Physics (2014)
MBA, 1993 BA Economics, 1980MBA, 1990
MarketCapitalTalentRegComm
• Engineers • Designers • Marketers • Entrepreneurs • Overseas life • Use English
MarketCapitalTalentRegComm
• Company filings • Hiring & firing • Immigration
50% of “unicorns” founded by immigrants
(2016)
MarketCapitalTalentRegComm
• Company filings • Hiring & firing • Immigration • Unemployment
Unemployment benefits for 4-24 months
*even when starting a company
MarketCapitalTalentRegComm• Events • Spaces
MarketCapitalTalentRegComm• Events • Spaces • Role models
Takuma Iwasa, Founder, Cerevo
https://www.techinasia.com/upq-japan-consumer-electronics-startup
Yuko Nakazawa, Founder, UPQ
Jasen Wang, Founder, Makeblock
MarketCapitalTalentRegComm• Events • Spaces • Role models • Mentors • Networks
90% of problems are solved by other
entrepreneurs
“FULL-STACK” PROGRAM
TECHNICAL REVIEWPOSITIONING
PHASE 1: BUILDING THE RIGHT THING
FILMMESSAGING PR
STRATEGY BRANDING SHENZHEN RESOURCES
PHASE 2: BUILDING THINGS RIGHTTECH SPECS SOURCING ITERATIVE PROTOTYPING PRINCIPLES OF MANUFACTURING
PHASE 3: LAUNCHONLINE MARKETING CROWDFUNDING FUNDRAISING
CHANNELSSALES
PHASE 4: SCALINGDISTRIBUTION PACKAGING LOGISTICSMARKETING MIX
FOUNDERS
600100
ALUMNI NETWORK
FULL TIME EXPERTS20
MarketCapitalTalentRegComm• Events • Spaces • Role models • Mentors • Networks • Re-hiring
1/ Find opportunities 2/ Increase upside 3/ Limit downside
Why few entrepreneurs?
6-24 months sabbatical for company creation
* after 2 years in a company * part-time is also possible
MarketCapitalTalentRegComm• Events • Spaces • Role models • Mentors • Networks • Re-hiring • Promote
At CES, France Is Tech’s Unexpected Powerhouse
At CES, France Is Tech’s Unexpected Powerhouse
10 Suggestions
1. Market 2. Capital 3. Talent 4. Regulations 5. Community
1. Think global
2. Think big
10 Suggestions
1. Market 2. Capital 3. Talent 4. Regulations 5. Community
1. Think global
3. Re-invest
2. Think big
10 Suggestions
1. Market 2. Capital 3. Talent 4. Regulations 5. Community
1. Think global
5. Overseas Experience
6. Use your English
3. Re-invest
2. Think big
4. Co-Op education
10 Suggestions
1. Market 2. Capital 3. Talent 4. Regulations 5. Community
1. Think global
5. Overseas Experience
6. Use your English
3. Re-invest
2. Think big
7. Update unemployment
4. Co-Op education
10 Suggestions
1. Market 2. Capital 3. Talent 4. Regulations 5. Community
1. Think global
8. Promote role models
5. Overseas Experience
6. Use your English
9. Value startup experience
3. Re-invest
2. Think big
10. Communicate
7. Update unemployment
4. Co-Op education
10 Suggestions
Software
Missed opportunity
Hardware = Giant Opportunity
it’s not
vs. vs.
it is
+ +
R&D
Prototyping Production
Sales
1
23
World-Class STARTUPS World-Class RESOURCES
Japan IS world-class it is time to ACT like it