Casey Lau Startups in Asia
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Transcript of Casey Lau Startups in Asia
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