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Why Startups
The document by James Chan discusses the significance of startups in a rapidly changing economic landscape influenced by technological advancements. It emphasizes the transition from traditional industries to digital platforms, highlighting the need for adaptability and resilience in a startup environment. Chan shares personal experiences and insights about failure, innovation, and the entrepreneurial journey.
Why Startups
- 1. Why Startups? by JamesChan @m0t0chan www.motochan.com james@motochan.com Startup Career Day
- 6. Technological Singularity “Why the FutureDoesn’t Need Us” by Bill Joy for Wired “The Singularity is Near: When Humans Transcend Biology”, Ray Kurzweil 18221980s1990s2000200320062010 192 years85 million years
- 7. Digitisation & Networkingare 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
- 8. 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
- 9. 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
- 10. mentality, psyche choice do DOUBT self organisation or “Startup” exit free idea,mission, passion validation GROWTH “Why Startups?” by James Chan © 2015
- 11. 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
- 12. 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*
- 13. 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!
- 14. 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
- 15. “Why Startups?” byJames Chan © 2015 Failure & Loneliness L O N E L I N E S S
- 16. 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 ComplianceQuestion 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
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