Ppt for loo startup asia final
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The document provides 10 "truths" or lessons learned from 100 startup founders in Silicon Valley. It summarizes that 1) multi-billion dollar businesses require multi-trillion dollar markets, 2) most startups end up in different destinations than originally planned, and 3) failure rates for online businesses are very high, with 97% failing. It also notes other truths around sexy ideas selling better, foreign talent being valued more in Silicon Valley than Singapore, and that passion and perseverance over time are key factors for startup success beyond just experience or ideas.
Ppt for loo startup asia final
- 1. 10 Shocking Truths about Silicon Valley Lessons from 100 Startup Founders Loo Cheng Chuan, Head, Local life at SingTels Group Digital L!fe
- 2. I networked a lot in Silicon Valley
- 3. Truth 1 Multi-billion dollar businesses require multi-trillion dollar markets
- 4. $3T $1.7T UK INDIA $6.9T CHINA $3T FRANCE $15T US $6.4T JAPAN $0.3T THAILAND $0.7T INDONESIA $0.3T $4 - 5T MALAYSIA SOUTH EAST $0.2T ASIA SINGAPORE $1T AUSTRALI A
- 5. Most listed internet companies are based in Multi- Trillon dollar markets 1 Google 196.38B 21 SouFun 796.58M 2 Baidu 33.03B 22 Web.com Group 727.98M 23 HealthStream 539.45M 3 Yahoo! 18.81B 24 InfoSpace 499.91M 4 LinkedIn Corporation 11.32B 25 Travelzoo 386.87M 5 Groupon 7.456B 26 Move 323.41M 6 Akamai 5.274B 27 TechTarget 245.94M Technologies 28 Phoenix New Media 200.22M 7 TripAdvisor 5.046B 29 Global Sources 196.53M 8 Yandex 30 Bitauto 188.21M 3.503B 31 Jiayuan.com 160.68M 9 AOL 2.472B International 10 HomeAway 2.030B 32 Rediff.com 149.66M 11 Bankrate 1.833B 33 Quepasa 126.54M 12 Youku 1.827B Corporation 34 ChinaCache 123.56M 13 Sohu.com 1.697B International 14 Renren 1.410B 35 Market Leader 104.06M 15 ValueClick 1.398B 36 Tucows 63.35M 16 InterXion 1.213B 37 TheStreet 56.60M 17 Zynga 967.59M 38 Local.com 54.54M Corporation 18 Ancestry.com 967.35M 39 Autobytel 35.51M 19 OpenTable 873.59M 40 China Finance 35.12M 20 Shutterfly 845.01M Online B or M denotes the current market capitalization in USD
- 6. Truth 2 Most starting directions & eventual destinations are different
- 8. Planned Destination Eventual Destination Success Frontier - Craigslist started out to be an event bulletin board, today is the largest classified portal - Amazon began as an online bookstore, today, sells more much on media, electronics etc. - Mark Zuckerberg wrote Facemash, before Facebook, a site that choose the hotter person.
- 9. Truth 3 The failure rates are really high. 97% of the online businesses fail!
- 10. Implication You need to try a lot.
- 11. Truth 4 Goliaths dont usually win.
- 13. Damn Sexy Damn Simple
- 14. Truth 6 Most in Sandhill road are not interested in SEA.
- 15. Truth 7 Foreign talents: Singapore hates them, Silicon Valley loves them.
- 16. 泰庄稼乙温沿看姻艶 Silicon Valley
- 17. Truth 8 There is a X-factor that matters more than experience and the ideas
- 18. Marten Mickos, MySQL, What do they have in common? Park Harris, SalesForce Richard Fairbanks Capital One Susan Lyne Reid Hoffman, LinkedIn Gilt Group
- 19. Truth 9 It takes Passion, Passion, Passion!
- 20. Truth 10 It also takes time