Infocomm Industry Forum, Singapore 2010 10-28

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Infocomm Industry Forum, Singapore 2010 10-28

  1. 1. CHANGING THE RULES: GLOBAL, TRANSPARENT AND NETWORKED MODELS TO MAKE BUSINESS Jouko Ahvenainen Grow Venture Community Singapore – Infocomm Industry Forum October 28, 2010
  2. 2. Grow VC - Everyone funding startups FROM 2005 TO 2010 From distruption to networks www.growvc.com2
  3. 3. The Network Society: Networks cause a comprehensive restructuring of society at large, they are breaking old models of organization.
  4. 4. 2005 - 2010 YouTube 20 hours video every 60 secs of every day Facebook 500 million users eBay Over a Million people make their living there
  5. 5. Disruption http://www.flickr.com/photos/naum/1639496461/
  6. 6. Facebook mobile
  7. 7. Google tv
  8. 8. …this networked society thing is a vu jade experience
  9. 9. The industrial age is over! Myspace: Destroyed by News Corp
  10. 10. Grow VC - Everyone funding startups WHO SAVES OUR ECONOMY Growth is needed www.growvc.com10
  11. 11. Startups ARE the KEY to Growth
  12. 12. Yet early phase funding exists in a dysfunctional system
  13. 13. Current Venture Capital market
  14. 14. WE HAVE A DREAM: more equal opportunities, where entrepreneurs and private investors unite to accelerate innovation WE HAVE A DREAM: more equal opportunities, where entrepreneurs and private investors unite to accelerate innovation
  15. 15. http://www.flickr.com/photos/16230215@N08/4066005402 Networked solutions = new frameworks
  16. 16. “You don’t have to be Steve Jobs, to be an entrepreneur”
  17. 17. ”You don’t have to be Bill Gates to be an investor”
  18. 18. ”Everyone must start somewhere”
  19. 19. global transparent open collaborative efficient
  20. 20. Trust Economy
  21. 21. Grow VC - Everyone funding startups VIRTUAL SILICON VALLEY Crowd-funding www.growvc.com21
  22. 22. VirtualSiliconValley
  23. 23. Grow VC: everyone funding start ups Professional venture capital funds have become less relevant to the financing of innovation for the time being
  24. 24. Vision The next Silicon Valley is not a location, it is a platform and community on the Internet
  25. 25. Grow VC - Everyone funding startups P2P and Crowd-funding via Community Investments
  26. 26. Grow VC - Everyone funding startups Match-making and negotiation tools for private investments
  27. 27. Grow VC - Everyone funding startups Professional service investments
  28. 28. Over 6,000 registered members
  29. 29. approximately 1,200 startups
  30. 30. total investment money over $20M USD People allocate money in startups and invest in Community Fund
  31. 31. the first local network started 3 months ago in India, already now almost 1,000 members and cooperation with local angel networks and VC’s
  32. 32. more local networks are coming in Asia, America, and Europe
  33. 33. Grow VC China 10.10.10
  34. 34. Grow VC - Everyone funding startups DISTRUPTION IN FINANCE We are not alone www.growvc.com34
  35. 35. Kiva.org transactions well over $100 Million in 4 years Platform Model Crowdfunded Prosper Peer to peer lending $210 M Lending Club Peer to peer lending $170 M Kiva Microcredit $165 M Zopa Peer to peer lending $160 M Kickstarter Supporting $20 M MyC4 Microcredit $17 M SellaBand Supporting $4 M IndieGoGo Supporting $3.5 M Betterplace Donating $3.5 M RocketHub Supporting Pifworld Donating $0.2 M Kapipal Donating $0.1 M
  36. 36. Mobile Banking Mobile Banking
  37. 37. 8 million subscribers
  38. 38. 2010, M-PESA transferring close to 150M Euros per day, a figure that would put M-PESA transfer business ahead of that run by Western Union
  39. 39. txteagle workers are paid via MPesa txteagle
  40. 40. Why must you wait and pay when you transfer your own money over borders
  41. 41. Networked - banking
  42. 42. Grow VC - Everyone funding startups ARE WE READY FOR THIS So what www.growvc.com43
  43. 43. WTF!? The quiet revolution of networks & cooperation
  44. 44. Trust networks challenge outmoded models of control
  45. 45. Read & write, participatory, conversational: markets are conversations, marketing is a conversation, business is a social science! A new language:
  46. 46. Co-creation + networked economics + communities of interest can be and are, proven & powerful platforms and processes to stimulate innovation and commerce
  47. 47. Velocity Lightweight Flexible Adaptive Enabling platforms
  48. 48. Open Open platforms Open API’s Open legal frameworks Global
  49. 49. Once upon a time “we” were atomized but connected up to large organizations and big media – today that power is eroding…
  50. 50. A cultural challenge …for corporates …for governments …for human beings
  51. 51. To resist will lead to financial and organisational exhaustion
  52. 52. Grow VC - Everyone funding startups Grow Venture Community Where do YOU start...?
  53. 53. Grow VC - Everyone funding startups Jouko Ahvenainen jouko@growvc.com Tel (UK): +44 7889 833 165 Tel (HK): +852 8120 7854 Tel (US): +1 415 287 0854 Skype: jahven - Twitter:@jahven www.growvc.com Twitter: @growvc Podcast: “Grow VC” in iTunes

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