Ppt for loo startup asia final

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Ppt for loo startup asia final

  1. 1. 10 Shocking Truths about Silicon Valley – Lessons from 100 Startup FoundersLoo Cheng Chuan, Head, Local life at SingTel’sGroup Digital L!fe
  2. 2. I networked a lot in Silicon Valley
  3. 3. Truth 1Multi-billion dollar businesses require multi-trillion dollar markets
  4. 4. $3T $1.7T UK INDIA $6.9T CHINA $3T FRANCE$15TUS $6.4T JAPAN $0.3T THAILAND $0.7T INDONESIA $0.3T $4 - 5T MALAYSIA SOUTH EAST $0.2T ASIA SINGAPORE $1T AUSTRALI A
  5. 5. Most listed internet companies are based in Multi-Trillon dollar markets1 Google 196.38B 21 SouFun 796.58M2 Baidu 33.03B 22 Web.com Group 727.98M 23 HealthStream 539.45M3 Yahoo! 18.81B 24 InfoSpace 499.91M4 LinkedIn Corporation 11.32B 25 Travelzoo 386.87M5 Groupon 7.456B 26 Move 323.41M6 Akamai 5.274B 27 TechTarget 245.94M Technologies 28 Phoenix New Media 200.22M7 TripAdvisor 5.046B 29 Global Sources 196.53M8 Yandex 30 Bitauto 188.21M 3.503B 31 Jiayuan.com 160.68M9 AOL 2.472B International10 HomeAway 2.030B 32 Rediff.com 149.66M11 Bankrate 1.833B 33 Quepasa 126.54M12 Youku 1.827B Corporation 34 ChinaCache 123.56M13 Sohu.com 1.697B International14 Renren 1.410B 35 Market Leader 104.06M15 ValueClick 1.398B 36 Tucows 63.35M16 InterXion 1.213B 37 TheStreet 56.60M17 Zynga 967.59M 38 Local.com 54.54M Corporation18 Ancestry.com 967.35M 39 Autobytel 35.51M19 OpenTable 873.59M 40 China Finance 35.12M20 Shutterfly 845.01M Online ‘B or ‘M denotes the current market capitalization in USD
  6. 6. Truth 2Most starting directions & eventual destinations are different
  7. 7. SuccessStarting point
  8. 8. Planned Destination Eventual Destination “Success Frontier”- Craigslist started out to be an event bulletin board, today is the largest classified portal- Amazon began as an online bookstore, today, sells more much on media, electronics etc.- Mark Zuckerberg wrote Facemash, before Facebook, a site that choose the hotter person.
  9. 9. Truth 3The failure rates are really high. 97% of the online businesses fail!
  10. 10. ImplicationYou need to try a lot.
  11. 11. Truth 4Goliaths don’t usually win.
  12. 12. Truth 5Sexy sells
  13. 13. “Damn Sexy” “Damn Simple”
  14. 14. Truth 6Most in Sandhill road are not interested in SEA.
  15. 15. Truth 7Foreign talents: Singapore hates them, Silicon Valley loves them.
  16. 16. “Singapore” “Silicon Valley”
  17. 17. Truth 8There is a X-factor that matters more than experience and the ideas…
  18. 18. Marten Mickos, MySQL, What do they have in common? Park Harris, SalesForceRichard FairbanksCapital One Susan Lyne Reid Hoffman, LinkedIn Gilt Group
  19. 19. Truth 9It takes Passion, Passion, Passion!
  20. 20. Truth 10It also takes time…

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