Stories of
Entrepreneurship
from Asia
Benjamin Joffe, CEO | +8* | Plus Eight Star Ltd
Global Entrepreneurship Week| Singapore | November 2008

4 years
1 year
4 years

Innovation Arbitrage
Mobile & Internet services
China | Japan | South Korea

There are more ideas outside your
country than inside
Tom Kelley
The 10 faces of Innovation

100%
80%
USA
60%
3G users
40%
Chin Japa
20% a n
Source: +8* | www.plus8star.com
0%
0% 20% 40% 60% 80%
% of Internet connections measured above 5Mbps

#2 economy, #1 mobile society
#1 mobile & Internet population
#1 digital society

“Social Networking
Is Not a Business”
(but it might be soon)
MIT Technology Review
July/August 2008

Starting date
2004 1997 1999 2004 2006

Revenues 2007 (USD)
150 mln 520 mln ~200 mln 100 mln 150 mln

Profit 2007 (USD)
(50 mln) 225 mln ~100 mln 35 mln ~60 mln

Average Revenue From Users
~0% 87% 80% 5% 50%

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