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Casey Lau
@casey_lau
Updated and revised: JUNE 18, 2014
INTRO TO THE 

HONG KONG STARTUP
SCENE
INTRODUCTION
‣ 15 years in tech startup industry in Hong Kong.
‣ Launched 1st e-commerce site in HK.
‣ Sold 2 startups, 1 ...
CYBERPORTCIRCA 2009
INTRO TO THE HONG KONG STARTUP SCENE 5
CAFE HABITUCIRCA 2009
6
BOOTHKCIRCA 2010
INTRO TO THE HONG KONG STARTUP SCENE 8
9
INTRO TO THE HONG KONG STARTUP SCENE 10
‣ 6 to 5000 members in 3 years.
‣ Entrepreneurs, media, students, investors.
‣ Meet-ups, conferences, networking events.
‣...
INTRO TO THE HONG KONG STARTUP SCENE
5,000+ Subscribers
TREMENDOUS REACH ON SOCIAL MEDIA (JUNE 2014)
3,200+ Fans
11,000+ V...
INTRO TO THE HONG KONG STARTUP SCENE
TRACKING HK ANGELS AND VENTURE GROUPS
13
INTRO TO THE HONG KONG STARTUP SCENE
INCUBATORS/ACCELERATORS
14
Incubation Centre
Startup Saturday 2010 - Our first event! Expected: 100 people. Actual: 500 attendees!

Keynote: Douglas Young, Founder of G...
Pitch Night: 100-200 attend in conjunction with global Social Media Week 2012. Live streaming online to 500+ more. CNN cov...
Startup Weekend: 48-hours to form a team and pitch your start-up idea. Over 1000 entrants since 2010.
Startup Saturday 2011: Annual 1-day conference. 700 people attended with guests Dave McClure of 500 Startups and
Brian Che...
Startup Saturday: Mobilliance 2013
H3: Hacker/Huster/Hipster Networking Event
CoCoon Pitch Night raised HK$11.5 million for startups since January.
INTRO TO THE HONG KONG STARTUP SCENE 22
INTRO TO THE HONG KONG STARTUP SCENE 23
INTRO TO THE HONG KONG STARTUP SCENE
WHAT MAKES HONG KONG SPECIAL?
‣ Business registration
‣ Strong IP law
‣ International...
INTRO TO THE HONG KONG STARTUP SCENE 27
‣ MailTime: US$500K
‣ SnapTee: US$650K
‣ OpenBall: US$750K
‣ HotelQuickly: US$1.1 ...
INTRO TO THE HONG KONG STARTUP SCENE 28
STARTUP GROWTH IN HONG KONG
2011
2014
INTRO TO THE HONG KONG STARTUP SCENE 31
BIG TECH COMPANIES IN HONG KONG
INTRO TO THE HONG KONG STARTUP SCENE 32
HONG KONG’S EXITS
INTRO TO THE HONG KONG STARTUP SCENE 33
HONG KONG’S FUNDED STARTUPS
INTRO TO THE HONG KONG STARTUP SCENE 34
MY PICKS FOR MOST PROMISING STARTUPS
HONG KONG’S STARTUP LEADERS
INTRO TO THE HONG KONG STARTUP SCENE 35
Ray Chan
Founder, 9gag
Yat Siu

Founder, Outblaze
Davi...
HONG KONG’S ANGEL INVESTORS
INTRO TO THE HONG KONG STARTUP SCENE 36
Tytus Michalski
Fresco Capital
Melissa Guzy

Arbor Par...
HONG KONG’S STARTUP CONNECTORS
INTRO TO THE HONG KONG STARTUP SCENE 37
Elaine Tsung
Garage Society
Charles Ng

InvestHK
Ge...
INTRO TO THE HONG KONG STARTUP SCENE
VENTURE CAPITAL
‣ Not many active local VC’s/
Private Equity.
‣ Some startups can sec...
INTRO TO THE HONG KONG STARTUP SCENE
HK IS NOT SILICON VALLEY, WILL NEVER BE
39
INTRO TO THE HONG KONG STARTUP SCENE
THIS IS HONG KONG FROM OUTSIDE
40
INTRO TO THE HONG KONG STARTUP SCENE
THIS IS HONG KONG FROM INSIDE
41
INTRO TO THE HONG KONG STARTUP SCENE
GOVERNMENT SUPPORT
42
‣ Science Park ‣ Cyberport
INTRO TO THE HONG KONG STARTUP SCENE 43
INTRO TO THE HONG KONG STARTUP SCENE
CO-WORKSPACES
44
‣ The Hive
‣ Wan Chai
‣ SME’s
‣ Asia offices
‣ Startups
‣ Dedicated
INTRO TO THE HONG KONG STARTUP SCENE
CO-WORKSPACES
45
‣ CoCoon
‣ North Point
‣ Startups
‣ Accelerators
‣ Events
INTRO TO THE HONG KONG STARTUP SCENE
CO-WORKSPACES
46
‣ The Good Lab
‣ Cheung Sha Wan
‣ Social Enterprises
‣ Startups
‣ De...
INTRO TO THE HONG KONG STARTUP SCENE
CO-WORKSPACES
47
‣ PaperClipHK
‣ Sheung Wan
‣ Academy
‣ Desks
‣ Eventspace
!
INTRO TO THE HONG KONG STARTUP SCENE
CO-WORKSPACES
48
‣ Garage Society
‣ Central
‣ General Assembly
‣ Hot desks and office...
INTRO TO THE HONG KONG STARTUP SCENE
WYND
49
INTRO TO THE HONG KONG STARTUP SCENE 50
THEHIVEKTOWN
THELOFT
80/80SPACE
INNOVATIONLAB
RETROSPOT
PLATFORM
DIMSUMLABS
SMARTS...
INTRO TO THE HONG KONG STARTUP SCENE
HONG KONG CHALLENGES
55
‣ Series A Investors
‣ Clear Exit Strategies
‣ Education
‣ Wo...
INTRO TO THE HONG KONG STARTUP SCENE
HK CHINESE CYNICISM
56
‣ Parental restrictions
‣ Property/Stocks
‣ Bank hiring
‣ Low ...
INTRO TO THE HONG KONG STARTUP SCENE
BAD IDEAS
57
‣ Happy Hour Apps
‣ Co-Workspace without clear value
‣ Startup without v...
INTRO TO THE HONG KONG STARTUP SCENE
$1M INVESTMENT MILESTONES
PRODUCT TEAM TRACTION
‣ Enterprise: 1,000 seats @ US$10/sea...
‣ 88-gong.com
‣ JobsDB.com
‣ LinkedIn
‣ startbase.recruit.net
INTRO TO THE HONG KONG STARTUP SCENE
HIRING + JOBS
59
INTRO TO THE HONG KONG STARTUP SCENE 60
NETWORKING EVENTS
‣ StartupsHK.com Calendar
‣ Web Wednesday
‣ Mobile Monday
‣ Star...
INTRO TO THE HONG KONG STARTUP SCENE
BUILDING AN ECOSYSTEM
61
‣ Networking
‣ Sharing
‣ Education
‣ TRANSPARENCY!
!
INTRO TO THE HONG KONG STARTUP SCENE
SYNC UP WITH HONG KONG
62
>STARTUPSHK.COM
NEWS&CALENDAR
!
>STARTBASE.HK
DIRECTORY&JOBS
INTRO TO THE HONG KONG STARTUP SCENE 63
CASEY@STARTUPSHK.COM
LINKEDIN
ANGELLIST
@CASEY_LAU
!
Intro to the Hong Kong Startup Scene
Intro to the Hong Kong Startup Scene
Intro to the Hong Kong Startup Scene
Intro to the Hong Kong Startup Scene
Intro to the Hong Kong Startup Scene
Intro to the Hong Kong Startup Scene
Intro to the Hong Kong Startup Scene
Intro to the Hong Kong Startup Scene
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Intro to the Hong Kong Startup Scene

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My presentation from my General Assembly class on the startup scene in Hong Kong.

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Transcript of "Intro to the Hong Kong Startup Scene"

  1. 1. Casey Lau @casey_lau Updated and revised: JUNE 18, 2014 INTRO TO THE 
 HONG KONG STARTUP SCENE
  2. 2. INTRODUCTION ‣ 15 years in tech startup industry in Hong Kong. ‣ Launched 1st e-commerce site in HK. ‣ Sold 2 startups, 1 failed, 1 exists. ‣ Startup Morpheus. CASEY LAU CO-FOUNDER, STARTUPSHK COMMUNITY MANAGER APAC, SOFTLAYER CATALYST
  3. 3. CYBERPORTCIRCA 2009
  4. 4. INTRO TO THE HONG KONG STARTUP SCENE 5 CAFE HABITUCIRCA 2009
  5. 5. 6 BOOTHKCIRCA 2010
  6. 6. INTRO TO THE HONG KONG STARTUP SCENE 8
  7. 7. 9
  8. 8. INTRO TO THE HONG KONG STARTUP SCENE 10
  9. 9. ‣ 6 to 5000 members in 3 years. ‣ Entrepreneurs, media, students, investors. ‣ Meet-ups, conferences, networking events. ‣ Membership program. ‣ Matchmaker. ‣ Voice outside HK. INTRO TO THE HONG KONG STARTUP SCENE STARTUPS HK 11
  10. 10. INTRO TO THE HONG KONG STARTUP SCENE 5,000+ Subscribers TREMENDOUS REACH ON SOCIAL MEDIA (JUNE 2014) 3,200+ Fans 11,000+ Views 2,600+ Members 6,700+ Followers 50,000+ Visitors/month 12
  11. 11. INTRO TO THE HONG KONG STARTUP SCENE TRACKING HK ANGELS AND VENTURE GROUPS 13
  12. 12. INTRO TO THE HONG KONG STARTUP SCENE INCUBATORS/ACCELERATORS 14 Incubation Centre
  13. 13. Startup Saturday 2010 - Our first event! Expected: 100 people. Actual: 500 attendees! Keynote: Douglas Young, Founder of G.O.D.
  14. 14. Pitch Night: 100-200 attend in conjunction with global Social Media Week 2012. Live streaming online to 500+ more. CNN coverage.
  15. 15. Startup Weekend: 48-hours to form a team and pitch your start-up idea. Over 1000 entrants since 2010.
  16. 16. Startup Saturday 2011: Annual 1-day conference. 700 people attended with guests Dave McClure of 500 Startups and Brian Chesky of AirBNB.com.
  17. 17. Startup Saturday: Mobilliance 2013
  18. 18. H3: Hacker/Huster/Hipster Networking Event
  19. 19. CoCoon Pitch Night raised HK$11.5 million for startups since January.
  20. 20. INTRO TO THE HONG KONG STARTUP SCENE 22
  21. 21. INTRO TO THE HONG KONG STARTUP SCENE 23
  22. 22. INTRO TO THE HONG KONG STARTUP SCENE WHAT MAKES HONG KONG SPECIAL? ‣ Business registration ‣ Strong IP law ‣ International community ‣ Not China, Not South East Asia ‣ SME City/resources
  23. 23. INTRO TO THE HONG KONG STARTUP SCENE 27 ‣ MailTime: US$500K ‣ SnapTee: US$650K ‣ OpenBall: US$750K ‣ HotelQuickly: US$1.1 million ‣ AfterShip: US$1 million ‣ Bindo: US$1.8 million ‣ 9Gag: US$2.8 million ‣ DeMyst: US$5 million ‣ WeLab: US$14 million KEY STARTUP INVESTMENTS
  24. 24. INTRO TO THE HONG KONG STARTUP SCENE 28 STARTUP GROWTH IN HONG KONG
  25. 25. 2011
  26. 26. 2014
  27. 27. INTRO TO THE HONG KONG STARTUP SCENE 31 BIG TECH COMPANIES IN HONG KONG
  28. 28. INTRO TO THE HONG KONG STARTUP SCENE 32 HONG KONG’S EXITS
  29. 29. INTRO TO THE HONG KONG STARTUP SCENE 33 HONG KONG’S FUNDED STARTUPS
  30. 30. INTRO TO THE HONG KONG STARTUP SCENE 34 MY PICKS FOR MOST PROMISING STARTUPS
  31. 31. HONG KONG’S STARTUP LEADERS INTRO TO THE HONG KONG STARTUP SCENE 35 Ray Chan Founder, 9gag Yat Siu
 Founder, Outblaze David Zhu Co-Founder, Divide !
  32. 32. HONG KONG’S ANGEL INVESTORS INTRO TO THE HONG KONG STARTUP SCENE 36 Tytus Michalski Fresco Capital Melissa Guzy
 Arbor Partners Felix Lam Red Chapel !
  33. 33. HONG KONG’S STARTUP CONNECTORS INTRO TO THE HONG KONG STARTUP SCENE 37 Elaine Tsung Garage Society Charles Ng
 InvestHK Gene Soo StartupsHK !
  34. 34. INTRO TO THE HONG KONG STARTUP SCENE VENTURE CAPITAL ‣ Not many active local VC’s/ Private Equity. ‣ Some startups can secure seed in HK but need to go overseas for Series A. ‣ Government grants a good start. ‣ New influx of Angels. ‣ No big tech companies for exits. 38
  35. 35. INTRO TO THE HONG KONG STARTUP SCENE HK IS NOT SILICON VALLEY, WILL NEVER BE 39
  36. 36. INTRO TO THE HONG KONG STARTUP SCENE THIS IS HONG KONG FROM OUTSIDE 40
  37. 37. INTRO TO THE HONG KONG STARTUP SCENE THIS IS HONG KONG FROM INSIDE 41
  38. 38. INTRO TO THE HONG KONG STARTUP SCENE GOVERNMENT SUPPORT 42 ‣ Science Park ‣ Cyberport
  39. 39. INTRO TO THE HONG KONG STARTUP SCENE 43
  40. 40. INTRO TO THE HONG KONG STARTUP SCENE CO-WORKSPACES 44 ‣ The Hive ‣ Wan Chai ‣ SME’s ‣ Asia offices ‣ Startups ‣ Dedicated
  41. 41. INTRO TO THE HONG KONG STARTUP SCENE CO-WORKSPACES 45 ‣ CoCoon ‣ North Point ‣ Startups ‣ Accelerators ‣ Events
  42. 42. INTRO TO THE HONG KONG STARTUP SCENE CO-WORKSPACES 46 ‣ The Good Lab ‣ Cheung Sha Wan ‣ Social Enterprises ‣ Startups ‣ Dedicated !
  43. 43. INTRO TO THE HONG KONG STARTUP SCENE CO-WORKSPACES 47 ‣ PaperClipHK ‣ Sheung Wan ‣ Academy ‣ Desks ‣ Eventspace !
  44. 44. INTRO TO THE HONG KONG STARTUP SCENE CO-WORKSPACES 48 ‣ Garage Society ‣ Central ‣ General Assembly ‣ Hot desks and offices ‣ $$$ !
  45. 45. INTRO TO THE HONG KONG STARTUP SCENE WYND 49
  46. 46. INTRO TO THE HONG KONG STARTUP SCENE 50 THEHIVEKTOWN THELOFT 80/80SPACE INNOVATIONLAB RETROSPOT PLATFORM DIMSUMLABS SMARTSPACE THECRAFTIES OBI-ONE
  47. 47. INTRO TO THE HONG KONG STARTUP SCENE HONG KONG CHALLENGES 55 ‣ Series A Investors ‣ Clear Exit Strategies ‣ Education ‣ Work Visas ‣ Talent
  48. 48. INTRO TO THE HONG KONG STARTUP SCENE HK CHINESE CYNICISM 56 ‣ Parental restrictions ‣ Property/Stocks ‣ Bank hiring ‣ Low tech education ‣ Role Models ‣ Globalization ‣ Fear of Failure
  49. 49. INTRO TO THE HONG KONG STARTUP SCENE BAD IDEAS 57 ‣ Happy Hour Apps ‣ Co-Workspace without clear value ‣ Startup without validation ‣ Not in industry you understand ! GOOD IDEAS ‣ Anything that gets traction ‣ Mentorship programs ‣ PRoFiL: Property, Retail, Finance, Logistics ‣ Change the world or at least the Enterprise.
  50. 50. INTRO TO THE HONG KONG STARTUP SCENE $1M INVESTMENT MILESTONES PRODUCT TEAM TRACTION ‣ Enterprise: 1,000 seats @ US$10/seat per month. ‣ Big Enterprise: 2 Pilot contracts. Some $$$ ‣ Social: 100K+ downloads/signups ‣ Ecommerce: US$50K revenue/month 58 http://techcrunch.com/2013/04/22/want-to-raise-a-million-bucks-heres-what-youll-need/ Via Ash Fontana of AngelList
  51. 51. ‣ 88-gong.com ‣ JobsDB.com ‣ LinkedIn ‣ startbase.recruit.net INTRO TO THE HONG KONG STARTUP SCENE HIRING + JOBS 59
  52. 52. INTRO TO THE HONG KONG STARTUP SCENE 60 NETWORKING EVENTS ‣ StartupsHK.com Calendar ‣ Web Wednesday ‣ Mobile Monday ‣ Startup Grind ‣ Co-Workspace Events ‣ TiE ‣ Catalyst After Office Hours ‣ OpenData Hong Kong ‣ SME Creativity Center ‣ Startup Weekend ‣ Internet Society ‣ HK Social ‣ H3
  53. 53. INTRO TO THE HONG KONG STARTUP SCENE BUILDING AN ECOSYSTEM 61 ‣ Networking ‣ Sharing ‣ Education ‣ TRANSPARENCY! !
  54. 54. INTRO TO THE HONG KONG STARTUP SCENE SYNC UP WITH HONG KONG 62 >STARTUPSHK.COM NEWS&CALENDAR ! >STARTBASE.HK DIRECTORY&JOBS
  55. 55. INTRO TO THE HONG KONG STARTUP SCENE 63 CASEY@STARTUPSHK.COM LINKEDIN ANGELLIST @CASEY_LAU !

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