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Darius BillPin @ Startup Asia
This document summarizes opportunities for startups in Southeast Asia. It notes that Southeast Asia has a population of over 600 million people, yet is still a blind spot for many entrepreneurs. The region offers opportunities to build products for the large global market. Specifically, it recommends focusing on cultural blindspots, building products for the world rather than just local markets, and getting back to startup basics like thinking big, creating high quality products, and focusing on growth. Examples are given of Asian startups that found success by following these principles.
Darius BillPin @ Startup Asia
- 1. Startup Opportunities inSoutheast Asia Darius Cheung @rius
- 2. Hello. My nameis ____ Founder & CEO, WaveSecure Singapore-based startup Acquired by McAfee (now Intel) Founder, BillPin BillPin.com (iOS & Android app) Angel Investor Silicon Valley Southeast Asia
- 4. How is SoutheastAsia interesting?
- 6. World Population 350M 1.4B China North America 1.2B India 600M Southeast Asia 570M Latin America
- 7. GDP per capita Pop (M) 2008 2009 2010 2011 Growth United States 314 46,760 45,305 46,612 48,112 1.00% Singapore 5 34,465 35,274 41,987 46,241 10.50% Japan 129 37,972 39,473 43,063 45,903 6.55% Korea, Rep. 50 19,028 16,959 20,540 22,424 6.47% Malaysia 29 8,399 7,236 8,691 9,977 7.02% China 1344 3,414 3,749 4,433 5,445 16.96% Thailand 70 3,993 3,838 4,614 4,972 8.03% Indonesia 242 2,172 2,273 2,952 3,495 17.64% Sri Lanka 21 2,014 2,057 2,400 2,835 12.31% Philippines 95 1,925 1,836 2,140 2,370 7.56% India 1241 1,028 1,127 1,375 1,489 13.31% Vietnam 88 1,070 1,130 1,224 1,407 9.63%
- 8. 1) Blind spotopportunities 2) Build for the world 3) Back to basics
- 9.
- 10. Korean Drama inArabic??
- 11. 1 billion videosviewed 150 languages 200 million words translated
- 12. 300M+ users 300M users 100M users (100M in last 4 months) 10M in Thailand $2M+/mth sales in stamps
- 13. 80M users 300M+ users 300M users 100M users (100M in last 4 months) 10M in Thailand 5.5M users in 10 mths $2M+/mth sales in stamps
- 14. Manga / AnimeCamera Otaku 1M Android DLs in 3mths
- 15.
- 16. 1) Blind spotsopportunities 2) Building for the World 3) Back to basics
- 18. 70,000 200M 1.4B Customers Uniques /mth Pageviews /mth
- 19. Initial Distribution Growth 90+% revenue from US, EU, Japan
- 20.
- 21. Online distribution |Low-touch | SaaS Location & Culture Agnostic | Growth Highly scalable product | Small team Think Get Go Big Good Global
- 22. 1) Cultural Blindspots 2)Build for the world 3) Back to basics
- 23. US: $220B SG: $2B ??
- 24. 6.5% $256 $1B Source: Daily Social
- 25. $60B (94) $120B (95) 1% of Retail Sales $72B 1996 2000 2012 $700M $16B $220B (99) (03) $170B $100B+ 2000 2010 $4M 1% of Retail Sales 2012: $1B 1% of Retail Sales
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- 29. Fulfillment & Payment
- 30. 1) Cultural Blindspots 2)Build for the world 3) Back to basics
- 31. Thanks! Twitter: @rius Angel.co: /dariuscheung Email: darius@billpin.com
Editor's Notes
- #3 Launching BillPin – making it easy for college kids to split group expenses and keep a tab with each otherEarly alpha out in the appstore, launching beta next week
- #4 Silicon valley is a magical place. There is a billion dollar company born in the US every 3 months, and they are 90, 95% silicon valley.It’s where all the talent, the skills and the smarts, and the money is, and it is unmatched. And it will probably remain unmatched.
- #5 So what could it possibly learn from asia?Well I thought about it and this is what comes to mind first –
- #6 So asia could be a great place to escape taxes, or for that matter the law, if you are running a pirated content company.
- #10 Gangnam style doesn’t count.
- #12 Syndicated to Hulu, netflix, youtubeClass project – Razmig, Changseong24M from Tier 1 VCsThat’s what I am talking about in terms of large global opportunties that could likely be right there in your scope, but remains a blindspot.This is an opportunity that could easily have been YouTube or Hulu’s game, or more importantly, one of another american online video startups who has missed out on this.
- #17 The 2nd thing is –
- #19 They started around the same time as their direct competitor Olark, which is a YC company.Olark had much more success in its first 2 years and it was really quite depressing for zopim initially to watch olark on techcrunch and other good stuff all the time.But somehow in the last two years, they have overtaken olark in more than one way.
- #22 NZ 4.5 M POP
- #24 ID: 1+ MY: 1+
- #28 Andrew parker
- #29 David haber
- #30 The barbarians are already at the gate.If you don’t discover the new world, the new world will discover (and copy) you.