Can asia be the next silicon valley

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Talk given at the Open Network Lab accelerator in Tokyo in November 2012, drawing from my TC column "Ecosystem 101".

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Can asia be the next silicon valley

  1. 1. Can  Japan  &  Asia  become   the  Next  Silicon  Valley?    日本をはじめとするアジア市場は  次のシリコンバレーになり得るか   @BenjaminJoffe | Tokyo, 2012.11!
  2. 2. 12 Years Abroad! •  France   •  Japan  (4y)   •  Korea  (1y)   •  China  (5y)   •  Germany   •  USA   •  Singapore   •  Malaysia  I  spent  most  of  my  working  life  (11  years)  overseas,  especially  in  Japan,  China,   South  Korea  and  USA.  My  cultural  DNA  has  become  rather  complex.  
  3. 3. Since 2003!•  Founder  of  +8*  |  Plus  Eight  Star   –  Digital  Strategy  with  Asia  focus   –  Clients:  MicrosoP,  Tumblr,  DeNA…  
  4. 4. Since 2003!•  Founder  of  +8*  |  Plus  Eight  Star   –  Digital  Strategy  with  Asia  focus   –  Clients:  MicrosoP,  Tumblr,  DeNA…  •  150+  talks  in  conferences   –  SxSW,  TEDx,  Stanford,  LeWeb…   –  250,000  views  on  SlideShare   –  Quoted  in  Forbes,  TC,  CNN,  etc.  
  5. 5. “Digital Naturalist”!•  Charles  Darwin  •  Galapagos  /  AtlanZs  •  EvoluZon  in  Ecosystems   STARTUPS  are  DIGITAL  SPECIES  
  6. 6. Mentor @ Startup Accelerators!•  500  Startups  •  Founder  InsZtute  •  Chinaccelerator  •  JFDI  •  YeZZen  •  Gamma  Rebels  
  7. 7. Angel Investor in Global Startups from Asia! !   Funded Funded !   •  Gengo  (JP)   •  TokyoOtakuMode  (JP)   !   •  Cmune  (CN)   Funded •  TwitMusic  (PH)   !   •  PayrollHero  (PH)   Funded •  StoryPanda  (CA)   !   Funded •  YoGoMe  (MX)   •  TenderTree  (US)  
  8. 8. Taizo  Son:  “Standing  on  the  shoulders  of  Bill  Gates  and  Steve  Jobs,  making  Asia  the  next  Silicon  Valley  by  2030”    孫泰蔵氏「ゲイツ、ジョブズの教えを後輩に」 2030年アジ アにシリコンバレーを (2012.11.8)  hfp://www.nikkei.com/arZcle/DGXNASDD060MH_X01C12A1000000/    
  9. 9. Silicon Valley?! •  Silicon   •  Valley   •  SoPware!  “So$ware  is  ea,ng  the  world”   –  Marc  Andreesen  
  10. 10. >$1B Company Every 3 Months!! “A  billion  dollar  so$ware  tech  company  is   founded  every  3  months  in  USA”  –  Ron  Conway   1998    SolarWinds,  Netsuite,  VMware,  OpenTable,  Google,  RackSpace,  Paypal   1999    Zappos,  SurveyMonkey,  Opsware,  SalesForce,  Shuferfly   2000    Netezza,  ArcSight,  ExactTarget,  BillMeLater,  Pandora,  TripAdvisor   2001    SuccessFactors,  GuideWire,  DealerTrack   2002    LinkedIn   2003    Glam  Media   2004    PalanZr,  Splunk,  Kayak,  Facebook,  Evernote,  Yelp   2005    Palo  Alto  Networks,  Box,  Etsy,  HomeAway,  YouTube,  Workday   2006    Millenial  Media,  TwiTer,  Demand  Media   2007    Nicira,  Gilt,  Tumblr,  Hulu,  Dropbox,  LivinSocial,  Zynga   2008    GitHub,  Airbnb,  Yammer,  Groupon,  Pinterest   2009    Square,  Storm8,  (Quora?),  (GetAround?)   2010    Fab,  Instagram,  (Stripe?)    hfp://blog.minming.net/post/35553963889/a-­‐billion-­‐dollar-­‐soPware-­‐tech-­‐company-­‐is-­‐founded-­‐every    
  11. 11. Around the world!•  Japan    Yahoo!  Japan,  Rakuten,  DeNA,  GREE,  CyberAgent,          Kakaku.com   Japan  punches  below  its  weight!  •  Europe    Skype,  SpoZfy,  Rovio  (Angry  Birds),  VentePrivee  •  Korea    NHN,  Nexon  •  China    Tencent,  Baidu,  Alibaba,  Shanda,  Giant  InteracZve,          Vancl,  360Buy,  Sina,  Sohu,  Youku  Tudou,  Netease          NetDragon,  KingSoP,  Ctrip…  •  Russia    Yandex,  Mail.ru  •  Brazil    MercadoLivre,  Peixe  Urbano   Source:  author  
  12. 12. Components of a “Silicon Valley”! 1.  Market  
  13. 13. Components of a “Silicon Valley”! 1.  Market   2.  Capital  
  14. 14. Components of a “Silicon Valley”! 1.  Market   2.  Capital   3.  People  
  15. 15. Components of a “Silicon Valley”! 1.  Market   2.  Capital   3.  People   4.  Entr.  Culture  
  16. 16. Components of a “Silicon Valley”! 1.  Market   2.  Capital   3.  People   4.  Entr.  Culture   5.  Infrastructure  
  17. 17. Components of a “Silicon Valley”! 1.  Market   2.  Capital   3.  People   4.  Entr.  Culture   5.  Infrastructure   6.  Regulaaons  
  18. 18. 1. Market!Local  =  GDP  =  USA/2  
  19. 19. 1. Market!Local  (Japan)  =  GDP  =  USA/2   Global  =  Local  +  USA  
  20. 20. 2. Capital! Capital  =  
  21. 21. 2. Capital! Capital  =  Angel   SZll  limited  
  22. 22. 2. Capital! Capital  =  Angel   SZll  limited   Growing  (ONLAB,  MOVIDA,  Seed   GLOBAL  BRAINS,  DOCOMO)  
  23. 23. 2. Capital! Capital  =  Angel   SZll  limited   Growing  (ONLAB,  MOVIDA,  Seed   GLOBAL  BRAINS,  DOCOMO)   VC   Growing  
  24. 24. 2. Capital! Capital  =   Angel   SZll  limited   Growing  (ONLAB,  MOVIDA,   Seed   GLOBAL  BRAINS,  DOCOMO)   VC   Growing  M&A,  IPO   Growing  (games)  
  25. 25. 3. People! Numbers  
  26. 26. 3. People! Numbers   Cost  
  27. 27. 3. People! Numbers   Cost   English  
  28. 28. “The  lack  of  English  communica,on  skills  prevented  Japan  from  being  a  global  leader.”   –  Hiroshi  Mikitani   [人、人、人、すべては人の質にある]   少林寺拳法 宗道臣   So  Doshin,  Shorinji  Kempo  Founder  
  29. 29. 3. People! Numbers   Cost   English  Mentors  /  Serial  Entr.  
  30. 30. 4. Entrepreneurial Culture! Role  Models  
  31. 31. 4. Entrepreneurial Culture! Role  Models   Risk-­‐Taking  
  32. 32. 4. Entrepreneurial Culture! Role  Models   Risk-­‐Taking   Learning  From  Failures  
  33. 33. 4. Entrepreneurial Culture! Role  Models   Risk-­‐Taking   Learning  From  Failures   Self-­‐Promoaon  Skills  
  34. 34. 5. Infrastructure! IT  
  35. 35. 5. Infrastructure! IT  Logisacs  /  Payment  
  36. 36. 5. Infrastructure! IT  Logisacs  /  Payment  Community  /  Events  
  37. 37. 5. Infrastructure! IT   Logisacs  /  Payment   Community  /  Events  Legal  /  Accounang  /  etc.  
  38. 38. 6. Regulations! Immigraaon  
  39. 39. 6. Regulations! Immigraaon   Labor  Laws  
  40. 40. 6. Regulations! Immigraaon   Labor  Laws   Incorporaaon  Ease  Delaware  C  Corp:    1  week,  <  2,000  USD   Seed  funding:    <  5,000  USD  
  41. 41. USA Scoring!
  42. 42. Japan Scoring!
  43. 43. What can we improve?!
  44. 44. CULTURE is the easiest + Most impactful!
  45. 45. Your Culture = Your OS!"Culture  is  for  the  convenience  of  culture,   not  you.”  -­‐  Terence    McKenna  
  46. 46. Your Culture = Your OS!•  Default  Install   –  Country   –  Family   –  School   –  Work   –  Early  friends   "Culture  is  for  the  convenience  of  culture,   not  you.”  -­‐  Terence    McKenna  
  47. 47. Your Culture = Your OS!•  Default  Install   •  Updates   –  Country   –  Readings   –  Family   –  Encounters   –  School   –  Travels   –  Work   –  Experiences   –  Early  friends   "Culture  is  for  the  convenience  of  culture,   not  you.”  -­‐  Terence    McKenna  
  48. 48. Cultural Priorities | 文化の優先!
  49. 49. Cultural Priorities | 文化の優先! 1.  Money  
  50. 50. Cultural Priorities! 1.  Money   2.  Family  
  51. 51. Cultural Priorities! 1.  Money   2.  Family   3.  Society  
  52. 52. Cultural Priorities! 1.  Money   2.  Family   3.  Society  4.  “Culture”  (lit.  music,  arts…)  
  53. 53. Cultural Priorities! 1.  Money   2.  Family   3.  Society  4.  “Culture”  (lit.  music,  arts…)   5.  Spirituality  /  Religion  
  54. 54. Cultural Priorities! 1.  Money   2.  Family   3.  Society  4.  “Culture”  (lit.  music,  arts…)   5.  Spirituality  /  Religion   6.  Appearance  
  55. 55. USA  
  56. 56. USA’s Stereotype! MONEY   3   2  APPEARANCE   FAMILY   1   0  SPIRITUALITY   SOCIAL  LINK   CULTURE  
  57. 57. France’s Stereotype! MONEY   3   2  APPEARANCE   FAMILY   1   0  SPIRITUALITY   SOCIAL  LINK   CULTURE  
  58. 58. Your Priorities?! MONEY   3   2  APPEARANCE   FAMILY   1   0  SPIRITUALITY   SOCIAL  LINK   CULTURE  
  59. 59. TokyoOtakuMode!•  Otaku  Community  in  English   –  7.5m  fans  on  FB   –  99%  outside  Japan   –  Founders  don’t  speak  English!  •  What  impressed  me   1.  Join  500  Startups   2.  No  English,  No  Fear   3.  Incredibly  resourceful!  才略のある  
  60. 60. Conclusions > Next steps!1.  Promote  entrepreneurs  1.  起業家をプロモートする    
  61. 61. Conclusions > Next steps!1.  Promote  entrepreneurs  1.  起業家をプロモートする  2.  Always  be  pitching  2.  いつもピッチング  
  62. 62. Conclusions > Next steps!1.  Promote  entrepreneurs  1.  起業家をプロモートする  2.  Always  be  pitching  2.  いつもピッチング  3.    Help  each  other  3.  お互い助け合う  
  63. 63. Thank you!
 
benjamin@plus8star.com!

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