David lee


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David lee

  1. 1. Video is powerfulThursday, May 9, 13
  2. 2. Video is powerfulDIFFICULT,EXPENSIVEThursday, May 9, 13
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  5. 5. dating, proposals,wedding, honeymoon,pregnancy, infant,toddler, birthdays,graduationThursday, May 9, 13
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  8. 8. $15024 hrs ~ 2 weeksThursday, May 9, 13
  9. 9. $1505 minutes$1024 hrs ~ 2 weeksThursday, May 9, 13
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  15. 15. David Lee CEOPreviously created Wetoku, talkingheads format interviews for bloggers.Co-founded Avenir, acquired by ITEX in1998. @davidyhlee on FB & Twitter.Dave Jansen Web EngineerBuilt the Shakr framework andassembled our team of engineers.Former co-creator of Blogsy, top-ratediPad app that makes blogging easy.Miguel Portela Graphics EngineerFormer researcher at Centro deComputação Gràfica (Portugal) andDFKI (Germany). NVIDIA “Shade YourWorld” award winner.Hyoshik Jang Motion DesignerFormerly Amoeba Design & IRonFISH inSeoul. Channel M in Vancouver.Freelance for KBS and Arirang in Seoul.Vancouver Film School 2005.Minku Lee UI EngineerCreator of Waffle, free wifi for checkins,and Team REMU, a console-qualityHTML5 game launched at Google KoreaHackfair 2012. @premist on Twitter.Jaehong Kang iOS EngineerFormer engineer at Waffle and the firstvideo annotation app for iOS, Nakso.@sinoru on Twitter.Jiah Kim Motion DesignFormer Taxi TV & Cinetech. Designed adspots for NEPA, Lotte Department Storeand the Korea Institute for MilitaryScience & Technology.Don Kim Web EngineerFormer engineer at Waffle. A developerbehind PodBuddy, Lyrichand, SLATFAB,and more. @kiding on Github & App.net.INVESTMENTSimon Kong MarketingFormer business development managerat SPACE Group.OUR AWESOME INVESTORSOUR AWESOME FOUNDING PRODUCT TEAMChester RohJailed for hacking rivaluniversity server. CEOof Ablar. 2 exits: 1 IPO,1 M&A to Google.KAIST.David Hwanjin ChoiCEO of Ignite Spark, aSeoul-based incubator.Former Director ofInvestments at NeowizInternet.John Shin KimCEO of Smile Mom.Prev. founded and soldPaprika Lab toJapanese gaming giantGREE. SNU.Peter Byungki KimPresident of ApplemintHoldings. Former CEOof Zio Interactive.John LagerlingDirector of GlobalAndroid Partnerships atGoogle. FormerAdMob.Andrew KimLGE executive, KinetoWireless (acquired byMotorola). Stanford,Carnegie Mellon.Thursday, May 9, 13
  16. 16. Industry Disruption10 million peopleKoreaOff the chart @ $10 ARPU = Way off the chart5MRoW250,000First birthday videos150,000Wedding videos@ $100 ARPU = $25M @ $50 ARPU = $7.5M@ $10 ARPU = $100MMotion graphics design businesses in thepersonal event video business spend 80% oftheir time performing unskilled labor. Theseare highly skilled designers who havemastered illustration, photo manipulation,composition, motion graphics, andstorytelling.Shakr grows the market beyond weddings and first birthdays.The global market for event videos is presently constrained by high costs (both time and money) for inferior quality.Limited to uber-skilled, uber-connected or uber-rich.Thursday, May 9, 13
  17. 17. Dealing with development-induced displacementDrop prices 10X20X marketsize increaseEliminate unskilledlabor by high skilleddesigners5Xproductivityincrease< 200 jobs lost to development-induced displacement in Korea.Shift skilled workers from unskilled laborto self-employed skilled labor. Produce5X more video styles and sell them toend-users through Shakr. Designerskeep 70% of revenue generated fromtheir video styles.Consumers get simple &affordable access toprofessional video.Designers spend less time onunskilled labor, more timeshowcasing their creativebrilliance.Shakr transforms a nicheindustry into a powerful forcethat helps the world celebratelife with beautiful video.EVERYONEWINSThursday, May 9, 13