Why Startups?

1. Why Startups? by James Chan @m0t0chan www.motochan.com james@motochan.com Startup Career Day

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. 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. 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

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*

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

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. Questions? @m0t0chan www.motochan.com james@motochan.com Thank you!