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5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam
5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam
5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam
5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam
5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam
5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam
5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam
5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam
5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam
5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam
5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam
5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam
5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam
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5 Things To Do Differently than Mark Zuckerberg To Be a Successful Startup Founder in Vietnam

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  • 1. 5 THINGS TO DO DIFFERENTLY THAN MARK ZUCKERBERG TO BE A SUCCESSFUL STARTUP FOUNDER IN VIETNAM DEMO ASEAN HCMC, 8/2013 Dr. PHAM Minh Tuan - Founder & CEO, TOPICA Edtech Group Tran Manh Cong - Co-Director, Topica Founder Institute
  • 2. One possible “definition” • “Tech”: Internet, Mobile • “Startup”: Founded after 2000 • “Successful”: • Valuation: $10m+ • Or Revenues: $2m+ • Or Staff: 100+ Full-time • Or Funding: Series B+ • Or Exit Disclamer • This is an incomplete list, we may have missed many great companies & founders • This definition of “successful” is obviously debatable, there are many other possible definitions • We did not consider spin-offs, joint ventures for this study • We only considered verifiable data, rumors are only used for double-checking BAO GIỜ SÓNG ĐẾN ĐÂY? What Do We Consider a “Successful” Tech Startup in VN?
  • 3. 3 17 Founders of “Successful” Tech Startups (Incomplete list)
  • 4. 4 They Did Differently #1: Got Older, More Experienced They are not college-drop out kids:  Average age when started their first “successful” startup: 28.5 Exceptions:  Nguyen Hoa Binh (Peacesoft): started at 20  Nguyen Xuan Tai (Naiscorp): started at 22  But both did finish university
  • 5. 5 They Did Differently #2: Built Their Skills from Different Places They built their skills  59% (10/17) or more had had jobs or startup experience from two or more organizations Exceptions:  Naiscorp and Peacesoft founders started while in university
  • 6. 6They Did Differently #3: Got International Exposure They worked or studied overseas:  65% (11/17) or more had had worked or studied abroad Exceptions:  Nhan The Luan (NCT), Vuong Vu Thang (VC Corp)…
  • 7. 7 They Did Differently #4: Customized Proven Biz Models from Overseas Surviving in Vietnam market is difficult enough, they reduced risks with proven models:  Practically 100% has customized and localized biz models that had been proven overseas  It is a jungle, not a golf course where you can try new things
  • 8. 8 They Did Differently #5: Were relentless, It’s a Marathon not Sprint They have been running marathons:  “Successful” founders has spent on average 6.6 years at their current startups  It takes much longer to build a hundred-million dollar startup Exceptions:  Tiki is only 3-years old, just raised Series B, but Tran Ngoc Thai Son will likely keep building it for many more years
  • 9. TOPICA Edtech Group High-quality Online University Programs • 7 University Partners Including Top-tier • Bachelor’s of Business, Accounting, Banking, Law, IT • Expanding into Indonesia, Philippines, Thailand Bill Gates & Deputy PM Phạm Gia Khiêm Launching TOPIC64, 4/2006 Education Minister of Victoria, Australia Teaching TOPICAAmazing, 6/2012 Graduates of TOPICA Founder Institute, 2012 English Training Franchise for Kids Based on Online Game • 12 Franchisees • Official Test Provider for Min. of Education’s Internet English Olympics (IOE) Vietnam Chapters of Silicon-Valley Accelerator Network • 16 Graduates: Appota, Biaki, Tapmee, Yton... • Who’s Who of Accomplished Founders Served as Mentors Finalist, 2007 INTERNATIONAL AWARDS Winner, 2011Finalist, 2008 Young Global Leader Honoree, 2012 Team: 300 Full-time; 100 Part-time; 1100 Industry Instructors
  • 10. 10 Topica’s Contribution to Developing the Startup Community  Organized and supported 40 events, ~7,000 participants (with grants from World Bank Infodev)  Serving on Steering Committee of 2 largest Online Communities for startups: Launch (8k members), Mobile Monday (4k members)
  • 11. 11 Mentors Graduates
  • 12. FOLLOW THE LOCAL EXAMPLES • Get older and more experienced • Build your skills from different places • Get some international exposure • Customize a proven biz model from overseas • Be relentless OR: BE THE EXCEPTION EITHER WAY: JUST FREAKING DO IT BAO GIỜ SÓNG ĐẾN ĐÂY? What should you do to build your successful startup?
  • 13. 5 THINGS TO DO DIFFERENTLY THAN MARK ZUCKERBERG TO BE A SUCCESSFUL STARTUP FOUNDER IN VIETNAM DEMO ASEAN HCMC, 8/2013 Dr. PHAM Minh Tuan - Founder & CEO, TOPICA Edtech Group Tran Manh Cong - Co-Director, Topica Founder Institute

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