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Investing in the convergence of design, hardware & software Operating at the intersection of ideas, talent & capital
BUILDING A BETTER PLATFORM FOR DESIGNERS, ENGINEERS & ENTREPRENEURS
TO GET TOGETHER, BE INSPIRED, MAKE THINGS AND START/GROW COMPANIES.
Corporate Profile
12 August 2014
Venture Capital, Incubation & Advisory
Product Development Foundry
Community & Business Support Services
UI/UX, Ruby, iOS, Android
We incubate, invest & advise early-stage
startups.
We build web & mobile products for ourselves and others.
We provide community & business support services for individuals &
businesses for profit & non-profit.
US$5M seed fund; 24 investments across US & Asia Pacific (circa
2010)
NRF TIS incubator; S$50K-100K investment
matched by S$250-500K at 1:5 ratio
The Silicon Straits Group :: dynamic pieces, loosely joined
Co-working, Fab Lab, Startup Community
Management
1. Introduction ACRA UEN No. 201005970E
The Silicon Straits Group :: from MVP to scale
Cumulative Revenues
2010 1H2010 2H2010 1H2011 2H2011 1H2012 2H2012 1H2013 2H2013 1H2014
Employees
22 Mar 2010 2H2010 2H2011 2H2012 2H2013
49 pax
5 Jul 2013
1 Jan 2014
40 pax
4 pax
5 pax
1. Introduction
Investment Track Record
Acquired by Eventbrite in Sep ‘2013, amt. undiscl.
Acquired by Apple in Aug ‘2013, amt undiscl.
Acquired by Yelp in Jul ‘2013 for US$12.7M
Acquired by Rakuten in Sep ‘2013 for US$200+M
S$1.76M
22 Mar 2010
ACRA UEN No. 201005970E
The Silicon Straits Group :: stellar team, seasoned advisors
James Chan Founder & CEO
Kent Nguyen CTO
Andy Bui Head, Vietnam
Adrianna Tan VP, Community
Kaung Sitt Head, Myanmar
1. Introduction
Joichi Ito Director, MIT Media Lab
Kia Hong Lim Chairman & CEO, SIS International
Dileep Nath Angel investor, co-founder of Kanbay
Teruhide Sato President & CEO, Beenos (TYO: 3328)
Ivan Lee Founder, Thai Express
ACRA UEN No. 201005970E
Digitization & Networking are contributing to economic growth at a pace that outstrips pace of Industrial Revolution.
99% of things in physical world not linked to the Internet (yet)..
1%
Industrial Revolution
A.D. 1760 A.D. 1945 A.D. 1982
Internet
A.D. 2013
Atomic, Jet & Space Age
Source: “The Global Information Technology Report 2013 - growth & jobs in a Hyperconnected World” - INSEAD-WEF collaboration
30%.. ..of global Internet revenue 40%.. ..of global Internet net income
Source: “Internet matters: The Net’s sweeping impact on growth, jobs and prosperity” - McKinsey & Company
2.0b connected to Internet.. ..out of global population of 7b
>50% of world’s population live in cities.. ..out of global population of 7b
1. Introduction ACRA UEN No. 201005970E
The Internet matters :: almost every vertical or industry is
either cannibalised by it, or scales with it.
At peak in 1996, 100,000+ staff, US$31B market value wiped out,
bankruptcy
13 staff & US$1B exit to Facebook in 2012
from printed to digital
from in-person to online
from 1-way/physical media to 2-way/digital
from discrete/in-person to on-demand/
online
At peak in 2004, 60,000+ staff, 9,000 stores, bankruptcy
from in-person/physical to card-not-
present/digital/mobile
from insecure/untraceable/upfront to secure/traceable/
escrow
from time-limited/physical presence/inventory cost to
always-on/digital/just-in-time
from large pallet logistics to loose-
item forward-reverse logistics
Typewriter to Word Processor to Cloud
and many more...Fixed-line to Mobile Telephony to Mobile Data Mass production to mass customisation
1. Introduction ACRA UEN No. 201005970E
12/09
Silicon Straits appointed as incubator partner for NRF TIS
4/10
1st fund opens
5/10
1st fund initial close.
7/10 9/10 10/10 2/11 3/11 4/11 5/11 6/11 7/11 8/111/11 10/11 11/11 12/11
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2/12 5/1211/09
James starts partnership with Joi Ito for 1st fund.
co-investments with the National Research Foundation as part of TIS programme
Neoteny Labs US$5M fund :: 24 startups in 2 years averaging
US$50K - US$500K / investment
2A. Venture Capital, Incubation & Advisory ACRA UEN No. 201005970E
Acquired by Eventbrite in Sep ‘2013, amt. undiscl.
Acquired by (undiscl.) in Aug ‘2013, amt undiscl.
1st fund has returned US$6.7+ (1.34x) 4 years after its initial US$5M raise with further US$9.1M in unrealised value.
Exits Remaining Portfolio from 1st fund
Deadpool
Acquired by Yelp in Jul ‘2013 for US$12.7M.
Acquired by Rakuten in Sep ‘2013 for US$200+M.
4 exits, 7 write-offs (US$546.97K, 13.7% of deployed capital), 13 remaining (US$2.37M, 59.5% of deployed capital) on unrealized AUM of US$9.1M (3.84X CoC)
Investments from B/S
2A. Venture Capital, Incubation & Advisory ACRA UEN No. 201005970E
Product Development Foundry :: building web and mobile
products for individuals & companies
32-pax team in 4,000 sq ft 2-floor office in Ho Chi Minh City, Vietnam Design, UI/UX, Ruby-on-Rails, iOS & Android + internal “lab” projects (products)
Time-materials basis, $250 per pax per man-day
147 Ton Dat Tien Street, Phu My Hung, Ho Chi Minh City agile web & mobile product dev open concept
1st floor - Events, F&B, Co-working
2nd floor - Office
Stuff built by us: www.geeky.vn HTML 5 version of Silicon Straits mobile appiPad app of Silicon Straits Saigon’s mobile portfolio
2B. Product Development Foundry ACRA UEN No. 201005970E
Product Development Foundry :: best-of-breed tools and
proven process
2B. Product Development Foundry ACRA UEN No. 201005970E
We can build & deliver :: sample project #1
• Completely new architecture, re-write and database migration of vPost web app in 3 months.
• Custom CMS, banner management, messaging system with multiple user access & management, CRM/eDM/payment integration, e.t.c.
• 1 CTO, 1 PM, 1 UI/UX, 5 Web Dev, 1 Sys Admin on time-materials basis, unclear project scope.
• Project was delivered to client on-time in agile manner via RoR and on time-materials billing basis, at 1/6 price of nearest fixed-price quotation.
• Client has retained team for ongoing maintenance and new feature development.
• Proof of ability to develop & deliver enterprise-grade multiply-redundant mission-critical web app from scratch.
Marcelo Wesseler SVP eCommerce, SingPost
www.vpost.com.sg
2B. Product Development Foundry ACRA UEN No. 201005970E
We can build & deliver :: sample project #2
• Research commercialization collaboration with MIT-SMART, deployable architecture for big data analytics & predictive patrol route recommendation engine for taxis in Singapore.
• 1 PM, 1 UI/UX, 3 Web Dev on time-materials basis, evolving project scope.
• MVP was delivered to client on-time in agile manner via RoR in under 2 months.
• Proof of team’s ability to handle R&D commercialization and big data system architecture in a startup-friendly way.
Afian Anwar CSAIL, MIT-SMARTwww.taxisg.io
2B. Product Development Foundry ACRA UEN No. 201005970E
We can build & deliver :: sample project #3
• Startup product MVP, inspired by Vine with initial release in Indonesia after just 2 months.
• UI/UX, iOS and Android development to achieve consistent user experience on iPhone and Android (down to version 2.3); non-trivial
• Validation of team’s mobile UI/UX and technical expertise.
Carl Wong
2B. Product Development Foundry ACRA UEN No. 201005970E
We can build & deliver :: sample project #4
• One-off project with Japanese-based design agency.
• Mobile (iOS) app development.
• 1 iOS Dev, 1 Back-end Dev.
• Proof of team’s ability to manage complex inter-team communications despite working with design partner of ASICS, and not directly with product owner.
Paul Baron, Partner, AQ
2B. Product Development Foundry ACRA UEN No. 201005970E
We can build & deliver :: other happy clients
2B. Product Development Foundry
SpreeCommerce web development
Development of API wrapper libraries in 4 different languages (Ruby, Python, PHP, C#)
Ruby web development and iOS mobile app
Design & Development of iOS & Android app
UX prototype of payment mobile app
Development of iOS app
Design and development of Myanmar-focused comic e-book Android app
ACRA UEN No. 201005970E
Silicon Straits CO.LAB :: 2,000 sq ft hybrid work space that
blends co-working & rapid hardware prototyping in Singapore
71 Ayer Rajah Crescent, #06-11/12, Singapore 139951 (CUBES magazine Jun/Jul 2014 feature)
2C. Community & Business Support Services ACRA UEN No. 201005970E
Silicon Straits CO.LAB :: bringing together design, hardware &
software community in Singapore
CO.LAB = CO-working, fab LAB, COLABoration
2C. Community & Business Support Services ACRA UEN No. 201005970E
Air Lounge :: hybrid cafe concept in Ho Chi Minh City that
blends F&B and community events
2C. Community & Business Support Services
Playground for team and Saigon tech community.
ACRA UEN No. 201005970E
ideabox :: startup incubation & community
engagement with Ooredoo Myanmar
2C. Community & Business Support Services ACRA UEN No. 201005970E
Other Community Events :: walking the talk
Silicon Straits Drinkathon :: beer-meets-code hackfest bonding between developers, developer assessment under stress, developer recruitment
• Community-led interest group meet-ups, i.e. Ruby SG, NodeBots, Arduino, ProductCamp
• Theme-based events, i.e. design, product management, recruitment
• Brown bag lunch talks focused on product development, design, hardware & software
2C. Community & Business Support Services ACRA UEN No. 201005970E
HackerX :: startup recruitment a-la speed dating style theme-based hot seat recruitment approach for startups
2C. Community & Business Support Services
Other Community Events :: walking the talk
ACRA UEN No. 201005970E
www.siliconstraits.com@siliconstraits
71 Ayer Rajah Crescent, #06-11/12, Singapore 139951
147 Ton Dat Tien Street, Tan Phong Ward, District 7, Ho Chi Minh City
Thank Youwww.facebook.com/siliconstraits
MAC Tower, Merchant Road Yangon, Myanmar
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