Bangkok Entrepreneurs September Meetup Introduction Speech
September 10, 2012
Bangkok Entrepreneurs Started January 2012• A Monthly Networking Event,• A Network of Entrepreneurs and Business People,• A Community: – Facebook Group – Linkedin Group – Bangkok-Entrepreneurs.com• Join us and RSVP: http://www.meetup.com/Bangkok-Entrepreneurs
Our Sponsors Food Panda InterActive Thailand Online Food Delivery Legal & Business Serviceswww.FoodPanda.co.th www.InteractiveThailand.com Special Thanks to:
Service Provider Booths• Who? Entrepreneur Service Providers: Accountant, Lawyer, Recruitment, Communication, etc.• What? One dedicated booth per Service Provider.• Why? Opportunity for Entrepreneurs: - Meet the Service Providers face-to-face, - Ask Questions, - Get Advices, - Do Business.
Bangkok Entrepreneurs on Twitter @BKKEntrepreneur No “s” because of Twitter… Ask your Question(s) to our Speakers on Twitter now!
AppNetworking Made Easy!• Download the App• Log in with Linkedin• Search for the “Bangkok Entrepreneurs” event• Click on “Join” and Check-In• See who is attending• Find them here and start talking!
Today’s Topic• Thai Internet Market• 2 Successful Internet Entrepreneurs• 2 Different Visions• A Local who is Going Global• A Global that wants to Start Locally
Going Global #1• South East Asia’s Largest Digital Media Network• Started in Thailand• Now with offices in Thailand, Singapore, Malaysia, Indonesia, Vietnam and the Philippines• Sold to Komli Media (Indian Company) in Feb 2012
Going Global #2• Digital Media Agency in Thailand and SEA.• Started in Thailand• Now with offices in Thailand, Singapore and Vietnam• Sold to STW Group (Australian Company) in Dec 2011
Going Global #3• Exclusive representative of Microsoft Digital Advertising Solutions (MDAS) in Thailand• Started as an Advertising Agency for the Thai Market• Now Managing MSN.co.th content• Now Managing and Promoting MSN and Windows Live products in Thailand
Going Global #4• Social Shopping Site• Daily Deals• Started in Thailand• Now with offices in Thailand, Indonesia and the Philippines• Sold to Living Social (American Company) in June 2011
Paul Srivorakul Successful Entrepreneur now investing in other people’s companies• Co-Founder of DMS Group Asia(Syndacast, Admax Network, Impaq Interactive)• Co-Founder of NewMedia Edge• Co-Founder of AdMax Network• Co-Founder of Ensogo• Chairman at Ardent Capital (VC)
Paul’s Presentation “The Internet Entrepreneur”How to be successful on the Internet Market, locally and globally.
From Global to Local #1 • Clone of Amazon.com for Thailand. • New in Thailand, Only in Thai Language • Recruiting and Promoting Activelyhttp://www.businessweek.com/articles/2012-03-22/german-copycats-clone-amazon-dot-com
From Global to Local #2 & #3 • Shoes & Fashion Clothes • Clone of Zappos.com for Thailand • New in Thailand, Only in Thai Language • Recruiting and Promoting Actively • Online Food Delivery • Inspired by Food Delivery Websites • English and Thai for the Local Market • Recruiting and Promoting Actively
Rocket Internet • Officially:“Leading International Online Venture Builder” • On Wikipedia:Rocket Internet GmbH is an often-criticized German online startup incubator founded in Berlin in 2007.The companys business model is to clone successfulinternet sites, usually from the US (e.g. Groupon), andreplicate them in other countries (e.g. Citydeal in Germany).The sites are then often acquired by the original company (Groupon acquired Citydeal in 2010).
Rocket Internet• City Deal (Daily Deals): Sold to Groupon for US $ 126 Million• Alando (Market Place): Sold to e-Bay for US $ 50 Million• Cember.net (Networking): Sold to Xing for US $ 6.4 Million• Now running more than 50 Ventures in more than 40 Countries.
Controversial?• Clone Strategy: No Innovation• The “Blietz Krieg” (Lightning War) Strategy (Source: http://techcrunch.com/2011/12/22/in-confidential-email-samwer-describes- online-furniture-strategy-as-a-blitzkrieg/) – Start Several Countries at the same Time – Spend a lot of Cash, “Burn” the Market, – Hire from Competition , etc.• “No Mercy” reputation, internally and externally• “I am the most aggressive guy on internet on the planet. I will die to win and i expect the same from you! ”. Oliver Samwer, Rocket Internet Co-founder, in an email to a team.
Mark Cleaver Co-Founder of Food Panda Thailand Marks’s Presentation: “Rocket Internet In Thailand”Rocket Internet’s Strategy to be successful on the Thai Internet Market
Today’s Program• 19:30 – Introduction Speech by the BKKE team• 19:40 - “The Internet Entrepreneur” by Paul Srivorakul• 20:00 – Q&A• 20:15 – 15 min Break• 20:30 – 3 Day Start Up Event – Short Presentation by Efraim Petterrson• 20:40 – “Rocket Internet” by Mark Cleaver• 21:00 – Q&A• 21:15 - Networking