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Talk given at the Open Network Lab accelerator in Tokyo in November 2012, drawing from my TC column "Ecosystem 101".
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Can Japan & Asia become the Next Silicon Valley?
日本をはじめとするアジア市場は 次のシリコンバレーになり得るか
@BenjaminJoffe | Tokyo, 2012.11!
I spent most of my working life (11 years) overseas, especially in Japan, China, South Korea and USA. My cultural DNA has become rather complex.
12 Years Abroad!
• France • Japan (4y) • Korea (1y) • China (5y) • Germany • USA • Singapore • Malaysia
• Founder of +8* | Plus Eight Star – Digital Strategy with Asia focus – Clients: MicrosoP, Tumblr, DeNA…
Since 2003!
• Founder of +8* | Plus Eight Star – Digital Strategy with Asia focus – Clients: MicrosoP, Tumblr, DeNA…
• 150+ talks in conferences – SxSW, TEDx, Stanford, LeWeb… – 250,000 views on SlideShare – Quoted in Forbes, TC, CNN, etc.
Since 2003!
“Digital Naturalist”!
• Charles Darwin
• Galapagos / AtlanZs
• EvoluZon in Ecosystems
STARTUPS are DIGITAL SPECIES
Mentor @ Startup Accelerators!
• 500 Startups • Founder InsZtute • Chinaccelerator • JFDI • YeZZen • Gamma Rebels
Angel Investor in Global Startups from Asia!
• Gengo (JP) • TokyoOtakuMode (JP) • Cmune (CN) • TwitMusic (PH) • PayrollHero (PH) • StoryPanda (CA) • YoGoMe (MX) • TenderTree (US)
Funded!
Funded!
Funded!
Funded!
Funded!
Taizo Son: “Standing on the shoulders of Bill Gates and Steve Jobs, making Asia the next Silicon Valley by 2030”
孫泰蔵氏「ゲイツ、ジョブズの教えを後輩に」 2030年アジ
アにシリコンバレーを (2012.11.8)
hfp://www.nikkei.com/arZcle/DGXNASDD060MH_X01C12A1000000/
Silicon Valley?!
• Silicon
• Valley
• SoPware!
“So$ware is ea,ng the world” – Marc Andreesen
>$1B Company Every 3 Months!!
1998 SolarWinds, Netsuite, VMware, OpenTable, Google, RackSpace, Paypal 1999 Zappos, SurveyMonkey, Opsware, SalesForce, Shuferfly 2000 Netezza, ArcSight, ExactTarget, BillMeLater, Pandora, TripAdvisor 2001 SuccessFactors, GuideWire, DealerTrack 2002 LinkedIn 2003 Glam Media 2004 PalanZr, Splunk, Kayak, Facebook, Evernote, Yelp 2005 Palo Alto Networks, Box, Etsy, HomeAway, YouTube, Workday 2006 Millenial Media, TwiTer, Demand Media 2007 Nicira, Gilt, Tumblr, Hulu, Dropbox, LivinSocial, Zynga 2008 GitHub, Airbnb, Yammer, Groupon, Pinterest 2009 Square, Storm8, (Quora?), (GetAround?) 2010 Fab, Instagram, (Stripe?)
“A billion dollar so$ware tech company is founded every 3 months in USA” – Ron Conway
hfp://blog.minming.net/post/35553963889/a-‐billion-‐dollar-‐soPware-‐tech-‐company-‐is-‐founded-‐every
Around the world!
• Japan Yahoo! Japan, Rakuten, DeNA, GREE, CyberAgent, Kakaku.com
• Europe Skype, SpoZfy, Rovio (Angry Birds), VentePrivee
• Korea NHN, Nexon
• China Tencent, Baidu, Alibaba, Shanda, Giant InteracZve, Vancl, 360Buy, Sina, Sohu, Youku Tudou, Netease NetDragon, KingSoP, Ctrip…
• Russia Yandex, Mail.ru
• Brazil MercadoLivre, Peixe Urbano
Source: author
Japan punches below its weight!
Components of a “Silicon Valley”!
1. Market
Components of a “Silicon Valley”!
1. Market
2. Capital
Components of a “Silicon Valley”!
1. Market
2. Capital
3. People
Components of a “Silicon Valley”!
1. Market
2. Capital
3. People
4. Entr. Culture
Components of a “Silicon Valley”!
1. Market
2. Capital
3. People
4. Entr. Culture
5. Infrastructure
Components of a “Silicon Valley”!
1. Market
2. Capital
3. People
4. Entr. Culture
5. Infrastructure
6. Regulaaons
Local = GDP = USA/2
1. Market!
Local (Japan) = GDP = USA/2
1. Market!
Global = Local + USA
2. Capital!
Capital =
2. Capital!
Capital =
SZll limited Angel
2. Capital!
Capital =
SZll limited
Growing (ONLAB, MOVIDA, GLOBAL BRAINS, DOCOMO)
Angel
Seed
2. Capital!
Capital =
SZll limited
Growing (ONLAB, MOVIDA, GLOBAL BRAINS, DOCOMO)
Growing
Angel
Seed
VC
2. Capital!
Capital =
SZll limited
Growing (ONLAB, MOVIDA, GLOBAL BRAINS, DOCOMO)
Growing
Growing (games)
Angel
Seed
VC
M&A, IPO
3. People!
Numbers
3. People!
Numbers
Cost
3. People!
Numbers
Cost
English
“The lack of English communica,on skills prevented Japan from being a global leader.”
– Hiroshi Mikitani
[人、人、人、すべては人の質にある]
少林寺拳法 宗道臣 So Doshin, Shorinji Kempo Founder
3. People!
Numbers
Cost
English
Mentors / Serial Entr.
4. Entrepreneurial Culture!
Role Models
4. Entrepreneurial Culture!
Role Models
Risk-‐Taking
4. Entrepreneurial Culture!
Role Models
Risk-‐Taking
Learning From Failures
4. Entrepreneurial Culture!
Role Models
Risk-‐Taking
Learning From Failures
Self-‐Promoaon Skills
5. Infrastructure!
IT
5. Infrastructure!
IT
Logisacs / Payment
5. Infrastructure!
IT
Logisacs / Payment
Community / Events
5. Infrastructure!
IT
Logisacs / Payment
Community / Events
Legal / Accounang / etc.
6. Regulations!
Immigraaon
6. Regulations!
Immigraaon
Labor Laws
6. Regulations!
Immigraaon
Labor Laws
Incorporaaon Ease
Delaware C Corp: 1 week, < 2,000 USD Seed funding: < 5,000 USD
USA Scoring!
Japan Scoring!
What can we improve?!
CULTURE is the easiest + Most impactful!
Your Culture = Your OS!
"Culture� is for the convenience of culture, not you.” -‐ Terence McKenna
• Default Install – Country – Family – School – Work – Early friends
Your Culture = Your OS!
"Culture� is for the convenience of culture, not you.” -‐ Terence McKenna
• Default Install – Country – Family – School – Work – Early friends
• Updates – Readings – Encounters – Travels – Experiences
Your Culture = Your OS!
"Culture� is for the convenience of culture, not you.” -‐ Terence McKenna
Cultural Priorities | 文化の優先!
Cultural Priorities | 文化の優先!
1. Money
Cultural Priorities!
1. Money
2. Family
Cultural Priorities!
1. Money
2. Family
3. Society
Cultural Priorities!
1. Money
2. Family
3. Society
4. “Culture” (lit. music, arts…)
Cultural Priorities!
1. Money
2. Family
3. Society
4. “Culture” (lit. music, arts…)
5. Spirituality / Religion
Cultural Priorities!
1. Money
2. Family
3. Society
4. “Culture” (lit. music, arts…)
5. Spirituality / Religion
6. Appearance
USA
USA’s Stereotype!
0
1
2
3 MONEY
FAMILY
SOCIAL LINK
CULTURE
SPIRITUALITY
APPEARANCE
France’s Stereotype!
0
1
2
3 MONEY
FAMILY
SOCIAL LINK
CULTURE
SPIRITUALITY
APPEARANCE
Your Priorities?!
0
1
2
3 MONEY
FAMILY
SOCIAL LINK
CULTURE
SPIRITUALITY
APPEARANCE
TokyoOtakuMode!
• Otaku Community in English – 7.5m fans on FB – 99% outside Japan – Founders don’t speak English!
• What impressed me 1. Join 500 Startups 2. No English, No Fear 3. Incredibly resourceful! 才略のある
Conclusions > Next steps!
1. Promote entrepreneurs 1. 起業家をプロモートする
Conclusions > Next steps!
1. Promote entrepreneurs 1. 起業家をプロモートする
2. Always be pitching 2. いつもピッチング
Conclusions > Next steps!
1. Promote entrepreneurs 1. 起業家をプロモートする
2. Always be pitching 2. いつもピッチング
3. Help each other 3. お互い助け合う
