Ajou University-Startups in Korea

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Ajou University-Startups in Korea

  1. 1. The Korean Start-Up World May, 2012W. Ryan Huddlestonwryanhuddleston@gmail.com+82-10-5533-3042Blog: http://ryanceoseminar.blogspot.com
  2. 2. Ryan Huddleston TWO years in Korea SEMINAR hosting experiences REPRESENTATIVE of Korean companies EXPERIENCE working at a Korean startup companyCopyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  3. 3. My Experience with Korean Startups: 1. Characteristics 2. Obstacles 3. AdvantagesCopyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  4. 4. Verbal and Non-Verbal Cues: AttitudeCopyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  5. 5. Hierarchy Confusion Women as CEO’s Women as ManagersCopyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  6. 6. Tied to OrganizationsCopyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  7. 7. Obstacles: EnglishCopyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  8. 8. Obstacle: Early Stage CapitalCopyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  9. 9. Obstacle: Path to Follow  CUSTOMERS • Identify upcoming  PRODUCT problems  TEAM • Set Priorities • Align  BUSINESS MODEL the team •  FINANCIALS Measure progress overCopyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com time
  10. 10. Obstacle: Path to Exit “The Chaebol don‟t buy companies” said Chester Roh. “They don’t need to. They just call you up and say „We‟ll give you a good job.‟”Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  11. 11. Obstacles: Working Harder vs. Working Smarter *Get Advice *Get Feedback *Carefully choose yourCopyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  12. 12. Obstacles: Silicon Valley VC Feedback on Korean StartupsCopyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  13. 13. Advantage: Korea “Our economy can no longer rely on the conglomerates. This is the 21st century. We need another instrument for economic growth.”Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  14. 14. Advantage: Korean StartupsCopyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  15. 15. 감사합니다Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com

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