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Why Startups?
by James Chan
@m0t0chan
www.motochan.com
james@motochan.com
Startup Career Day
Technological
Singularity
“Why the Future Doesn’t Need Us” by Bill Joy for Wired
“The Singularity is Near: When Humans Tra...
Digitisation & Networking are contributing to economic
growth at a pace outstripping that of Industrial Revolution.
99% of...
The Internet matters :: almost every vertical or industry is
either cannibalised by it, or scales with it.
At peak in 1996...
Career
“Startup” ?
gold, glory, girls
abject failure
it’s the journey
that counts.
you’re looking
at it backwards.
“Why St...
mentality, psyche
choice
do
DOUBT
self
organisation
or
“Startup”
exit free
idea, mission, passion
validation
GROWTH
“Why S...
do
DOUBT
mentality, psyche
choice
self
“Why Startups?” by James Chan © 2015
My Story
getting out of comfort zone
never say...
do
DOUBT
mentality
choice
self
My Story
“Why Startups?” by James Chan © 2015
2-time college drop-out
ran a nightclub
start...
mentality
choice
do
DOUBT
self
My Story
“Why Startups?” by James Chan © 2015
S$222,002.43
“bond breaker” &
“quitter” label...
mentality
choice
do
DOUBT
self
My Story
“Why Startups?” by James Chan © 2015
US$5M fund
Returned US$6.7M in 

4 years, US$...
“Why Startups?” by James Chan © 2015
Failure & Loneliness
L O N E L I N E S S
Resilience
over Strength
Self-healing networks, self-
governance vs regulation,
compliance.
Pull

over Push
Search, p2p sh...
Questions?
@m0t0chan
www.motochan.com
james@motochan.com
Thank you!
Why Startups?
Why Startups?
Why Startups?
Why Startups?
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Why Startups?

Slides I made and delivered in a 30-minute talk for Alpha Camp's Startup Career Day 2015 in Singapore.

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Why Startups?

  1. 1. Why Startups? by James Chan @m0t0chan www.motochan.com james@motochan.com Startup Career Day
  2. 2. Technological Singularity “Why the Future Doesn’t Need Us” by Bill Joy for Wired “The Singularity is Near: When Humans Transcend Biology”, Ray Kurzweil 18221980s1990s2000200320062010 192 years85 million years
  3. 3. Digitisation & Networking are contributing to economic growth at a pace outstripping that of Industrial Revolution. 99% of things in physical world not linked to the Internet (yet).. 1% Industrial Revolution A.D. 1760 A.D. 1945 A.D. 1982 Internet A.D. 2013 Atomic, Jet & Space Age Source: “The Global Information Technology Report 2013 - growth & jobs in a Hyperconnected World” - INSEAD-WEF collaboration 30%.. ..of global Internet revenue 40%.. ..of global Internet net income Source: “Internet matters: The Net’s sweeping impact on growth, jobs and prosperity” - McKinsey & Company 2.0b connected to Internet.. ..out of global population of 7b >50% of world’s population live in cities.. ..out of global population of 7b
  4. 4. The Internet matters :: almost every vertical or industry is either cannibalised by it, or scales with it. At peak in 1996, 100,000+ staff, US$31B market value wiped out, bankruptcy 13 staff & US$1B exit to Facebook in 2012 from printed to digital from in-person to online from 1-way/ physical media to 2-way/digital from discrete/in- person to on- demand/online At peak in 2004, 60,000+ staff, 9,000 stores, bankruptcy from in-person/physical to card-not-present/ digital/mobile from insecure/ untraceable/upfront to secure/traceable/escrow from time-limited/physical presence/inventory cost to always-on/digital/just- in-time from large pallet logistics to loose-item forward- reverse logistics Typewriter to Word Processor to Cloud and many more, moving us from... Fixed-line to Mobile Telephony to Mobile Data Mass production to mass customisation
  5. 5. Career “Startup” ? gold, glory, girls abject failure it’s the journey that counts. you’re looking at it backwards. “Why Startups?” by James Chan © 2015
  6. 6. mentality, psyche choice do DOUBT self organisation or “Startup” exit free idea, mission, passion validation GROWTH “Why Startups?” by James Chan © 2015
  7. 7. do DOUBT mentality, psyche choice self “Why Startups?” by James Chan © 2015 My Story getting out of comfort zone never say never/forever neoteny pay it forward self-awareness id, ego, super-ego
  8. 8. do DOUBT mentality choice self My Story “Why Startups?” by James Chan © 2015 2-time college drop-out ran a nightclub started the first ISP in Japan listed a company early investor in Flickr, last.fm, Twitter… WOW guild founder/leader PADI-certified instructor of instructors* Director, MIT Media Lab*
  9. 9. mentality choice do DOUBT self My Story “Why Startups?” by James Chan © 2015 S$222,002.43 “bond breaker” & “quitter” label leap of faith convincing yourself vs
 naysaying by others LUCK? GRAB IT!
  10. 10. mentality choice do DOUBT self My Story “Why Startups?” by James Chan © 2015 US$5M fund Returned US$6.7M in 
 4 years, US$12+M in
 unrealised investments Neoteny Labs circa Jun ‘10 70+ pax in SG, VN, ID innovation tribe in SEA; builds products, 
 companies, foster communities 
 & make early-stage investments. Silicon Straits circa Apr ‘13 VP International GreyOrange circa Jun ‘15
  11. 11. “Why Startups?” by James Chan © 2015 Failure & Loneliness L O N E L I N E S S
  12. 12. Resilience over Strength Self-healing networks, self- governance vs regulation, compliance. Pull
 over Push Search, p2p sharing, self- paced learning vs lock-step curriculum. Risk
 over Safety Life/experience-based learning vs instutition-guaranteed competency. Systems
 over Objects Self-healing networks, self- governance vs regulation, compliance. Compasses over Maps Guidance, self-direction vs teacher-led location. Practice
 over Theory Duh... Disobedience over Compliance Question authority, what-how- why vs yes sir, yes sir, 3 bags full sir. Emergence
 over Authority Positive deviance vs top-down Learning
 over Education Toolkits, maxims, process vs certifications, degrees “Why Startups?” by James Chan © 2015
  13. 13. Questions? @m0t0chan www.motochan.com james@motochan.com Thank you!

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