500 Startups Tour

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An overview of 500 Startups for a Japanese audience, as well as my experience starting GinzaMetrics in Japan and getting funded by 500 Startups. I close with some comparisons between Japan and Silicon Valley and provide some advice and observations to Japanese entrepreneurs.

Published in: Business, News & Politics

500 Startups Tour

  1. 1. 500 Startups Tour April 12, 2013 Ray Grieselhuber CEO, Ginzamarkets, Inc.
  2. 2. About 500 Startups• $60m+ under management• 20 people, 10 investing partners• Silicon Valley incubator• Presence in SF, NY, MEX, BRZ, IND, CHN, SE Asia• 800+ Founders, 200+ Mentors• Focus: Design, Data & Distribution
  3. 3. 500 Startups Investment ThesisLots of small bets + quantitative approach
  4. 4. Notable Companies / Global Coverage • Wildfire • Twilio • SendGrid • TaskRabbit • MakerBot • 9GAG
  5. 5. Recent, Big Changes in VC• LESS Capital Required • Cloud drives down data center costs • Crowdfunding• More Customers via Online Platforms • Search • Social • Mobile • Media • Networking• Lots of Little Bets • 500 Startups,Y Combinator, Angel List
  6. 6. Venture Funding Ecosystem
  7. 7. Risk Mitigation Through Diversification
  8. 8. Lots of Little Bets
  9. 9. Global Trends• Growth of global languages • Mandarin, English, Spanish, Arabic• Smart device proliferation• Internet Adoption• More Bandwidth = more social, more cloud, more mobile,more video• Wealthy Chinese & Indians• Global Payment Platforms• Reduce Startup Costs• Global Distribution Platforms
  10. 10. GinzaMetrics Team size: 10 people Offices: - San Francisco - Tokyo - NYC coming soon - Moscow coming soon Raised: $1.7m from Y Combinator, 500 Startups & more
  11. 11. Coming to Japan • Read a book when I was 9 about feudal Japan called Shogun • Studied Japanese in college
  12. 12. Toyama
  13. 13. Tokyo• Moved to Japan again in 2008• Quit my job to start my own company• Started Firewatching Media in Tokyo• Starting building Ginzametrics in my pajamas. Almost ran out of money.• Learned about the Japanese enterprise market
  14. 14. Getting into Y Combinator
  15. 15. GinzaMetricsHistory:• Launched August, 2010• Struggled to raise money initially because I was alone and B2B was not sexy• Mostly Japanese customers until late 2012• Growing quickly now• Startups take a long time. Most people give up too soon.• Our goal: to be the leading SEO & Content Marketing platform in the world.
  16. 16. Differences / ComparisonsBetween Silicon Valley & Japan
  17. 17. In Both Japan and SV, Reputation is Everything http://www.flickr.com/photos/paulnichol/2056630217/sizes/z/in/photostream/
  18. 18. In Japan, People (Media, Companies, Event Organizers) Respect Investors More than Entrepreneurs
  19. 19. In Silicon Valley, those who can create are taking power
  20. 20. Advice to Japanese Entrepreneurs (and VCs)• Start thinking bigger!• Unsexy businesses are sexy• Focus on revenue, especially because investment in Japan is still weak• Choose big markets• Don’t underestimate difficulties of living / working in the US• Build in Japan + Asia• Learn how to be a global Asian, not just Japanese.
  21. 21. Advice to Japanese Entrepreneurs (and VCs)• Create stronger Japanese networks abroad. Look at Chinese and Korean networks.• There is no longer any excuse for not speaking English well. It is hurting growth.• Invest in building native Japanese IT / Software global powerhouses. Software is eating the world and Japan is still made out of things about to be eaten.• You are not safe. The young people of Meiji knew this and completely transformed their country in less than 30 years.
  22. 22. Thanks! B @raygrieselhuber M ray@ginzametrics.com f www.ginzametrics.com/blog

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