Becoming a GlobalEntrepreneur

Bernard MoonPartner at SparkLabs Global Ventures

APEC Start-ups Conference III 2014: Global Thinking to Make GlobalBusiness October 28-29, 2014Lima, Peru

"Your time is limited, so don't waste it living

someone else's life."S T E V E J O B S,

CO-FOUNDER OF APPLE

About SparkLabs (accelerator)About SparkLabs Global VenturesQualities of A Global EntrepreneurCharacteristics of a World ClassEcosystem

Overview

SparkLabsCo-Founder of SparkLabsThe leading accelerator in Asia

Standard accelerator model like YC andTechstars. Invests $25,000 for up to 6%Based in Seoul, South KoreaApplicants from over 20 countriesCompanies accepted from the U.S., Japan,China and Singapore.

SparkLabsCo-Founder of SparkLabsThe leading accelerator in Asia

SparkLabs GlobalCo-Founder of SparkLabs Global Ventures

New $30M global seed-sage fundInvested in 36 startups since Oct. 2013Partners in Silicon Valley, London, Tel Aviv, Singapore,Seoul and Chicago

SparkLabs GlobalOur Team

All former or current entrepreneursFormer CFO of Nexon, a leading online gamingcompany in Korea with a $5 billion market cap Facebook's first international & mobile executiveInvested in Siri (sold to Apple), Spotify, Studio Ex(sold to Disney), OpenFeint (sold to GREE), andothersBuilt a top 5 global hosting company, Best Handsetat Mobile World Congress 2009, SaaS productrecognized in BusinessWeek's "Best of the Web"List

SparkLabs GlobalWhat We Look For at the Seed-Stage

Team

Product

Market

50%

25%

25%

SparkLabs GlobalWhat We Look for in Founders

Ramen MentalityExecution People (Doers vs.Talkers)EthicalTeachable (ability to listen)Persistant (is he/she a hustler?)

SparkLabs Global

Don't be paranoid about protecting yourideaFor every person with an idea, there areten others with the same idea!It's ALL ABOUT EXECUTION

"Ideas are commodity. Execution ofthem is not."

Michael Dell, Founder & CEO of Dell

Global EntrepreneursCharacteristics

BilingualAbility to Navigate throughDifferent CulturesResearch/Listen to Target Usersand Market Trends

Global EntrepreneursCharacteristics

Hustle Outside of Home Market

"If you’re going through hell,keep going."Winston Churchill

World Class EcosystemCharacteristics

Engineering TalentGenerations of Entrepreneurs (mentors)Technical InfrastructureFunding Ecosystem & ExitsStartup CultureLegal & Policy InfrastructureGovernment Policies & Programs

"Fall seven times andstand up eight."

Japanese Proverb

World Class Ecosystem

Changing the Culture Against Failure

Common trait in Korea and Asia is tofear failureCultural and Legal/Finance ReasonsBe Smart and Bold as You Plan toStart

World Class EcosystemPay-It-Forward Culture

Secret Sauce of Silicon Valley'sSuccessMentorship is the Most QuotedReason for Startup Success

World Class Ecosystem

Path for Peru?

Build on Your StrengthsLearn to CodeLearn to DesignTarget Bigger Markets (Israeli Model)

"The way to get startedis to quit talking and

start doing."

Walt Disney