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@SiliconStraits #MekongTIGERS #HCMC #techtalks
Observations at the Intersection
of Ideas, Talent & Capital
James Chan / @m0t0chan
Founder & CEO, Silicon Straits
29 August 2013
10minutes
Engineer by training
Social engineer
Investor
Entrepreneur
Geek
Photographer
Father & Husband
Carnegie Mellon
Stanford
Silicon Valley
MIT Media Lab
Infocomm Development Authority
Infocomm Investments
Walden International
Neoteny Labs
Silicon Straits
Silicon Straits Saigon
USA is the undisputed leader of startup
ecosystems in the world.
Pro-talent, university excellence, vibrant community
It takes decades and generations of entrepreneurs
to get to where it is today.
Defense → Semiconductors → Web → Social/Cloud → ?
http://www.avc.com/a_vc/2009/11/startup-ecosystems-take-time.html
“...new startup ecosystems developing in Europe, Asia and elsewhere.
It can happen and it will happen. But it takes time. And you can’t
fast forward because we are talking about experience which can’t be
manufactured. You simply have to put in the time.”
Sure, let’s give it time. BUT it doesn’t mean
the rest of the world needs to sit on our hands.
Turn on, boot up, jack in.
→ →
co-working spaces
fabrication labs
maker movement
angel investment networks
venture debt grassroots community movements
equity-matching initiatives
“bridge-building” de-regulation
talent attraction
education
pay it forward
evangelism
media
research funding
non-dilutive grants
SAIGON
UEN: 201005970E
Ideas
Capital Talent
CO.LAB
NETWORK
Our own ideas
Other people/
companies’ ideas
Entrepreneurs
Designers
Engineers
Product
Managers
Advisors
Our own $
Other people’s $
Government $
This is how I view startup ecosystems.
Intersection!
UEN: 201005970E
Accelerating startup ecosystems in emerging
markets aren’t that different from pitching tents.
All or most poles need to go up
at about the same time, but that’s hard...
UEN: 201005970E
The right mix of “Patient” & “Impatient”
Capital is needed.
That’s hard to juggle well too.
V.S.
UEN: 201005970E
The right mix of “Patient” & “Impatient”
Capital is needed.
That’s hard to juggle well too.
V.S.
Patient Capital Impatient Capital
+ Angels
UEN: 201005970E
I can’t change the world, but
I can change the environment I’m in.
Embrace serendipity & neoteny.
Amplify positive deviance.
Silicon Straits is building a better platform for designers,
engineers & entrepreneurs to get together, be
inspired, make things and start/grow companies.
venture capital,
incubation & advisory
software foundry co-working &
business services
Design + UI/UX
RoR, iOS, Android CO.LAB
2,000 sq ft
Blk 71@SingaporeSAIGON
invest in teams of entrepreneurs,
engineers & designers and value-add
for growth/scale
help entrepreneurs, engineers &
designers bring ideas into reality
location for entrepreneurs,
engineers & designers to work & play
UEN: 201005970E
US$5M seed fund;
24 investments from 2010
to 2012 in US & Asia Pacific
NRF TIS incubator; S$100K
investment matched with
S$500K for S$600K in total
NETWORK
“Man is by nature a social animal.
Society is something that precedes the individual.”
UEN: 201005970E
Building better startup ecosystems begin with the spaces we work in.
UEN: 201005970E
Idea: Startup ecosystem vivarium, at the building-scale
1st Floor
Retail, F&B, informal “watering hole” - i.e.
artisanal coffee, local hole-in-the-wall,
groceries, product/services showcase
Virtual office concierge,
co-working, events venue - business
support, get work done, formal meetings
Co-working, fabrication lab - get work
done, hardware prototyping
1* or 2* motel - for out-of-city
entrepreneurs
2nd Floor
3rd Floor
4th Floor
6th Floor and
above
Startup offices - private office spaces
for more established companies
5th Floor
Incubators & investor offices -
people who hand out $ and add value
Perfect model for public-private
partnership
Now, imagine a network of them
across a diverse region with human
& capital flow between them.
Silicon Straits is an innovation tribe in Asia Pacific.
Tech distribution, sales, product
marketing; US, Asia Pacific; SiS
Int’l market cap US$100M
F&B (Thai Express),
e-commerce,
gaming; Singapore,
Southeast Asia;
S$100M cash exit
E-commerce;
Japan, emerging
markets;
Netprice mkt
cap US$70M
IT services, angel
investment; India; 1 of 3
co-founders that sold
Kanbay for US$1.25B to
CapGemini
Hyper-connector; US,
Japan, Middle East;
Director, MIT Media Lab
CO.LAB
co-working members,
event participants, tech
community
SAIGON
24-strong web/mobile
development team in
Ho Chi Minh City
NETWORK
25 investments across
North America, Europe
and Asia Pacific
30+ investors from US,
Japan, Singapore,
Middle East and Europe
CTO COO
Like the internet, “small pieces loosely joined”,
a collection of like-minded individuals
It’s a long and often lonely journey, but it’s most important
that we’re on that path and lovin’ it.
Join our tribe, drop us a note,
start your (journey) today.
Positive deviance
Cross-programming in real
estate development with
startup ecosystem spin
Embrace &
celebrate failure
Skew the opportunity costs
Pay it forward
V.S. Nepotism
Socially
engineering a
startup culture
Exited founders with
liquidity jump-starting
virtuous cycle by giving back
At the
convergence of design,
hardware & software
Building bridges across the region
Public private partnership (PPP)
www.siliconstraits.com
@siliconstraits
james@siliconstraits.com
71 Ayer Rajah Crescent, #06-11/12, Singapore 139951
147 Ton Dat Tien Street, Tan Phong Ward, District 7, Ho Chi Minh City
@m0t0chan
Thank You!
www.facebook.com/siliconstraits
Level 25 North Tower, One Raffles Quay, Singapore 048583

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Tigers@mekong strategy meeting - Observations at the Intersection of Ideas, Talent & Capital

  • 1. @SiliconStraits #MekongTIGERS #HCMC #techtalks Observations at the Intersection of Ideas, Talent & Capital James Chan / @m0t0chan Founder & CEO, Silicon Straits 29 August 2013 10minutes
  • 2. Engineer by training Social engineer Investor Entrepreneur Geek Photographer Father & Husband Carnegie Mellon Stanford Silicon Valley MIT Media Lab Infocomm Development Authority Infocomm Investments Walden International Neoteny Labs Silicon Straits Silicon Straits Saigon
  • 3. USA is the undisputed leader of startup ecosystems in the world. Pro-talent, university excellence, vibrant community
  • 4. It takes decades and generations of entrepreneurs to get to where it is today. Defense → Semiconductors → Web → Social/Cloud → ? http://www.avc.com/a_vc/2009/11/startup-ecosystems-take-time.html “...new startup ecosystems developing in Europe, Asia and elsewhere. It can happen and it will happen. But it takes time. And you can’t fast forward because we are talking about experience which can’t be manufactured. You simply have to put in the time.”
  • 5. Sure, let’s give it time. BUT it doesn’t mean the rest of the world needs to sit on our hands. Turn on, boot up, jack in. → → co-working spaces fabrication labs maker movement angel investment networks venture debt grassroots community movements equity-matching initiatives “bridge-building” de-regulation talent attraction education pay it forward evangelism media research funding non-dilutive grants
  • 6. SAIGON UEN: 201005970E Ideas Capital Talent CO.LAB NETWORK Our own ideas Other people/ companies’ ideas Entrepreneurs Designers Engineers Product Managers Advisors Our own $ Other people’s $ Government $ This is how I view startup ecosystems. Intersection!
  • 7. UEN: 201005970E Accelerating startup ecosystems in emerging markets aren’t that different from pitching tents. All or most poles need to go up at about the same time, but that’s hard...
  • 8. UEN: 201005970E The right mix of “Patient” & “Impatient” Capital is needed. That’s hard to juggle well too. V.S.
  • 9. UEN: 201005970E The right mix of “Patient” & “Impatient” Capital is needed. That’s hard to juggle well too. V.S. Patient Capital Impatient Capital + Angels
  • 10. UEN: 201005970E I can’t change the world, but I can change the environment I’m in. Embrace serendipity & neoteny. Amplify positive deviance.
  • 11. Silicon Straits is building a better platform for designers, engineers & entrepreneurs to get together, be inspired, make things and start/grow companies. venture capital, incubation & advisory software foundry co-working & business services Design + UI/UX RoR, iOS, Android CO.LAB 2,000 sq ft Blk 71@SingaporeSAIGON invest in teams of entrepreneurs, engineers & designers and value-add for growth/scale help entrepreneurs, engineers & designers bring ideas into reality location for entrepreneurs, engineers & designers to work & play UEN: 201005970E US$5M seed fund; 24 investments from 2010 to 2012 in US & Asia Pacific NRF TIS incubator; S$100K investment matched with S$500K for S$600K in total NETWORK
  • 12. “Man is by nature a social animal. Society is something that precedes the individual.” UEN: 201005970E Building better startup ecosystems begin with the spaces we work in.
  • 13. UEN: 201005970E Idea: Startup ecosystem vivarium, at the building-scale 1st Floor Retail, F&B, informal “watering hole” - i.e. artisanal coffee, local hole-in-the-wall, groceries, product/services showcase Virtual office concierge, co-working, events venue - business support, get work done, formal meetings Co-working, fabrication lab - get work done, hardware prototyping 1* or 2* motel - for out-of-city entrepreneurs 2nd Floor 3rd Floor 4th Floor 6th Floor and above Startup offices - private office spaces for more established companies 5th Floor Incubators & investor offices - people who hand out $ and add value Perfect model for public-private partnership Now, imagine a network of them across a diverse region with human & capital flow between them.
  • 14. Silicon Straits is an innovation tribe in Asia Pacific. Tech distribution, sales, product marketing; US, Asia Pacific; SiS Int’l market cap US$100M F&B (Thai Express), e-commerce, gaming; Singapore, Southeast Asia; S$100M cash exit E-commerce; Japan, emerging markets; Netprice mkt cap US$70M IT services, angel investment; India; 1 of 3 co-founders that sold Kanbay for US$1.25B to CapGemini Hyper-connector; US, Japan, Middle East; Director, MIT Media Lab CO.LAB co-working members, event participants, tech community SAIGON 24-strong web/mobile development team in Ho Chi Minh City NETWORK 25 investments across North America, Europe and Asia Pacific 30+ investors from US, Japan, Singapore, Middle East and Europe CTO COO Like the internet, “small pieces loosely joined”, a collection of like-minded individuals
  • 15. It’s a long and often lonely journey, but it’s most important that we’re on that path and lovin’ it. Join our tribe, drop us a note, start your (journey) today. Positive deviance Cross-programming in real estate development with startup ecosystem spin Embrace & celebrate failure Skew the opportunity costs Pay it forward V.S. Nepotism Socially engineering a startup culture Exited founders with liquidity jump-starting virtuous cycle by giving back At the convergence of design, hardware & software Building bridges across the region Public private partnership (PPP)
  • 16. www.siliconstraits.com @siliconstraits james@siliconstraits.com 71 Ayer Rajah Crescent, #06-11/12, Singapore 139951 147 Ton Dat Tien Street, Tan Phong Ward, District 7, Ho Chi Minh City @m0t0chan Thank You! www.facebook.com/siliconstraits Level 25 North Tower, One Raffles Quay, Singapore 048583