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Ajou University-Startups in Korea

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The document discusses Ryan Huddleston's experiences with Korean startups. It describes some of the key characteristics and obstacles they face, as well as advantages. Some obstacles discussed include a lack of early stage capital, challenges with the English language, and cultural differences around hierarchy, attitudes, and working styles. However, it also notes that Korea needs startups to drive economic growth and innovation in the 21st century.

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The Korean Start-Up World May, 2012 W. Ryan Huddleston wryanhuddleston@gmail.com +82-10-5533-3042 Blog: http://ryanceoseminar.blogspot.com
Ryan Huddleston TWO years in Korea SEMINAR hosting experiences REPRESENTATIVE of Korean companies EXPERIENCE working at a Korean startup company Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
My Experience with Korean Startups: 1. Characteristics 2. Obstacles 3. Advantages Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Verbal and Non-Verbal Cues: Attitude Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Hierarchy Confusion Women as CEO¡¯s Women as Managers Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Tied to Organizations Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacles: English Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacle: Early Stage Capital Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacle: Path to Follow ? CUSTOMERS ? Identify upcoming ? PRODUCT problems ? TEAM ? Set Priorities ? Align ? BUSINESS MODEL the team ? ? FINANCIALS Measure progress over Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com time
Obstacle: Path to Exit ¡°The Chaebol don?t buy companies¡± said Chester Roh. ¡°They don¡¯t need to. They just call you up and say ?We?ll give you a good job.?¡± Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacles: Working Harder vs. Working Smarter *Get Advice *Get Feedback *Carefully choose your Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacles: Silicon Valley VC Feedback on Korean Startups Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Advantage: Korea ¡°Our economy can no longer rely on the conglomerates. This is the 21st century. We need another instrument for economic growth.¡± Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Advantage: Korean Startups Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
????? Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com

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Ajou University-Startups in Korea

  • 1. The Korean Start-Up World May, 2012 W. Ryan Huddleston wryanhuddleston@gmail.com +82-10-5533-3042 Blog: http://ryanceoseminar.blogspot.com
  • 2. Ryan Huddleston TWO years in Korea SEMINAR hosting experiences REPRESENTATIVE of Korean companies EXPERIENCE working at a Korean startup company Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 3. My Experience with Korean Startups: 1. Characteristics 2. Obstacles 3. Advantages Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 4. Verbal and Non-Verbal Cues: Attitude Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 5. Hierarchy Confusion Women as CEO¡¯s Women as Managers Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 6. Tied to Organizations Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 7. Obstacles: English Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 8. Obstacle: Early Stage Capital Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 9. Obstacle: Path to Follow ? CUSTOMERS ? Identify upcoming ? PRODUCT problems ? TEAM ? Set Priorities ? Align ? BUSINESS MODEL the team ? ? FINANCIALS Measure progress over Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com time
  • 10. Obstacle: Path to Exit ¡°The Chaebol don?t buy companies¡± said Chester Roh. ¡°They don¡¯t need to. They just call you up and say ?We?ll give you a good job.?¡± Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 11. Obstacles: Working Harder vs. Working Smarter *Get Advice *Get Feedback *Carefully choose your Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 12. Obstacles: Silicon Valley VC Feedback on Korean Startups Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 13. Advantage: Korea ¡°Our economy can no longer rely on the conglomerates. This is the 21st century. We need another instrument for economic growth.¡± Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 14. Advantage: Korean Startups Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 15. ????? Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com