500 Startups Tour

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An overview of 500 Startups for a Japanese audience, as well as my experience starting GinzaMetrics in Japan and getting funded by 500 Startups. I close with some comparisons between Japan and Silicon Valley and provide some advice and observations to Japanese entrepreneurs.

Transcript of 500 Startups Tour

  • 1. 500 Startups Tour April 12, 2013 Ray Grieselhuber CEO, Ginzamarkets, Inc.

2. About 500 Startups $60m+ under management 20 people, 10 investing partners Silicon Valley incubator Presence in SF, NY, MEX, BRZ, IND, CHN, SE Asia 800+ Founders, 200+ Mentors Focus: Design, Data & Distribution 3. 500 Startups Investment ThesisLots of small bets + quantitative approach 4. Notable Companies / Global Coverage Wildre Twilio SendGrid TaskRabbit MakerBot 9GAG 5. Recent, Big Changes in VC LESS Capital Required Cloud drives down data center costs Crowdfunding More Customers via Online Platforms Search Social Mobile Media Networking Lots of Little Bets 500 Startups,Y Combinator, Angel List 6. Venture Funding Ecosystem 7. Risk Mitigation Through Diversication 8. Lots of Little Bets 9. Global Trends Growth of global languages Mandarin, English, Spanish, Arabic Smart device proliferation Internet Adoption More Bandwidth = more social, more cloud, more mobile,more video Wealthy Chinese & Indians Global Payment Platforms Reduce Startup Costs Global Distribution Platforms 10. GinzaMetrics Team size: 10 people Ofces: - San Francisco - Tokyo - NYC coming soon - Moscow coming soon Raised: $1.7m from Y Combinator, 500 Startups & more 11. Coming to Japan Read a book when I was 9 about feudal Japan called Shogun Studied Japanese in college 12. Toyama 13. Tokyo Moved to Japan again in 2008 Quit my job to start my own company Started Firewatching Media in Tokyo Starting building Ginzametrics in my pajamas. Almost ranout of money. Learned about the Japanese enterprise market 14. Getting into Y Combinator 15. GinzaMetricsHistory: Launched August, 2010 Struggled to raise money initially because I was alone andB2B was not sexy Mostly Japanese customers until late 2012 Growing quickly now Startups take a long time. Most people give up too soon.Our goal: to be the leading SEO & Content Marketingplatform in the world. 16. Differences / ComparisonsBetween Silicon Valley & Japan 17. In Both Japan and SV, Reputation is Everything http://www.ickr.com/photos/paulnichol/2056630217/sizes/z/in/photostream/ 18. In Japan, People (Media, Companies, Event Organizers) RespectInvestors More than Entrepreneurs 19. In Silicon Valley, those who can create are taking power 20. Advice to Japanese Entrepreneurs(and VCs) Start thinking bigger! Unsexy businesses are sexy Focus on revenue, especially because investment inJapan is still weak Choose big markets Dont underestimate difculties of living / working inthe US Build in Japan + Asia Learn how to be a global Asian, not just Japanese. 21. Advice to Japanese Entrepreneurs(and VCs) Create stronger Japanese networks abroad. Look at Chineseand Korean networks. There is no longer any excuse for not speaking English well.It is hurting growth. Invest in building native Japanese IT / Software globalpowerhouses. Software is eating the world and Japan is stillmade out of things about to be eaten. You are not safe. The young people of Meiji knew this andcompletely transformed their country in less than 30 years. 22. Thanks! B @raygrieselhuber M ray@ginzametrics.com f www.ginzametrics.com/blog