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Born2Global

Opening Ceremony Presentation by @BenLevy74
by

Ben Levy

on 1 November 2013

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Transcript of Born2Global

Opening Ceremony
Keynote Speaker
Born2Global
Benjamin Levy
Partner @ BootstrapLabs

Innovation has never been
so important...
7bn users; 75% in developing world
Exponential price/performance ratio
Affordable knowledge is everywhere
$35
here
Palo Alto Garage
here
Startup Hub
even here
In the field...
Less here
Corporate Office
or here
Board Room
Less here
R&D Labs
2-3 years
Daily builds
1-3 months
(Tech) VC Industry is getting disrupted too...
Lean Startups mean Lean VCs
Zombie
VCs
The Valley is not as deep...
...as it used to be
Rent vs. Own (SaaS, PaaS, XaaS)
Analyze, measure, track everything (free or cheap)
Instant, near infinite scalability is real and affordable
On-demand processing power & big data analytics
Global, low friction digital distribution platform
Biz models: freemium, subscription, purchase, ads

Angels, Super Angels, MicroVCs
Angel & (Crowd) funding Platforms
Seed Funding + Accelerators
Seed
Seed+/Pre-A
Series A/B
New Lean
Startup Model
A
B
C
Totaling $20-30Bn/yr industry in US
Silicon Valley > 2x (Boston+NY+LA)
September 3, 2013 - Seoul, Korea
Ben@BootstrapLabs.com
BenLevy74
linkedin.com/pub/benjamin-levy/0/191/415/
Innovation has no borders
People, independently of their origins,
races or social class have new ideas,
create new products and sometimes Industries
Why Global Matters
Gutenberg
Einstein
Tesla
Madame
Curie
Edison
Galileo
Italy
Germany
German/
USA
Croatia/
USA
Poland/
France
USA
Cai Lun
China
Papyrus
Egypt
Press
Korea
And so many more....
That was then...

Innovation could take years,
if not decades to reach you
Today...
And innovation is brought to you
nearly instantly, from anywhere!
Here are just a few..
Build
Measure
Learn
FASTER
Source: Seed-DB
3.5 yr old
>12,500 intros
1,650+ deals > $2Bn in funding
~60 Cos acquired
Track Record
A (tech) startup's best friends
Everyone is a founder, life learner
This means innovation will happen...
Over $600Bn/yr spent in R&D
Globally by Corporations but...
Silicon Valley Financing Activity
Silicon Valley Seed Investments
.....on pace for record year
About $2Bn / Quarter
Product release cycle shortened
from years to hours
Lean, Validated Learning
The Evolution of Venture Capitalism
The Rise of Accelerator: Big Picture
171 programs world-wide
2896 companies accelerated
155 exits for $ 1.3Bn
$ 2.6Bn funding
8961 jobs created
The Rise of Early Stage Players
And renewed appeal for deep pocket, established VC Brands
Startups innovate faster, cheaper, more often
Their valuation quickly sky rocket once they start scaling
It's well known that 90% of (large) M&A deals fail... to deliver expected results
But smaller companies are easier to plug-in, integrate and shape
Build ecosystems
Partner often, quickly
Fail small, fail fast
Acqu(h)ire leaders, visionaries, teams, insights
Stay connected to startups
Self cannibalization is the new norm
Discover relevant startups before it’s too late
Company is too expensive

Somebody else bought them

Company disrupt your market
Reward risk taking
Try something new
Can't beat them, buy them..soon
Tech Corporations:
$240Bn Dry Powder
(2011)
Chairman, SVB
Ken Wilcox
Gov't Role
Build (safer) roads
Don't Drive
US VC Industry
1% of GDP "in"
17% of GDP "out"
USA
By Benjamin Joffe
Great infrastructure, engineers, designers
Mobile, m-payment are ubiquitous
Attractive domestic market
Some local success stories
Strong education values
Sense of craftsmanship/quality
Unprecedented Government support
SV Gospel is spreading Worldwide
Incubators & Accelerators are mushrooming
Gov't, Universities, Regions, Corporations
Grass root movement w/ local entrepreneurs, angels & advisors
#Global Phenomenon
Despite the appearance...
Just ask RIM (Blackberry): $75Bn loss in just 4 years
Analysis Performed by Fenox Venture Capital,
Source: TechCrunch, San Francisco, September 2011
M&A
Funding
# of Deals
Silicon Valley
USA (other)
R.O.W
85%
14%
1%
61%
23%
16%
Easy to invest..
Hard to get returns!

IPOs are in the Intensive Care Units
M&A (aka Cash) is King
Who is Buying?
M&A as a Tool for Innovation
Still historic Low Interest Rate

Needs internal or external investments w/ high ROI

Pressure by shareholders to return capital (dividends)
Why Cash on the Balance sheet is a Problem?
Interesting Fact about M&A
Why Silicon Valley leads the way?
It's about the people, the network

Know who you buy, price less a concern

Cumulative experience, critical mass

Willingness to acquire innovation


In Summary
Corporation: 21st Century Survival Toolkit
The Power
of Ecosystems

Good news is: Everyone wants to Help
Immature Tech Startup Ecosystem
English, communication culture
Risk aversion, perception
Reputation, failure stigma
Academic focused education system
Mindset need to evolve, will take time...
Ecosystem Metrics
Korea: Strength
Korea: Area for Improvement
KOREA
By Benjamin Joffe
(2012)
(2012)
President Park Effect
But if history is the best prediction of the future, trust the Korean to achieve another miracle on the Han River!
Why Governments Should Care?
Matisse, 3 year old
Fluent: French, Korean, English
Nationality: US/French
Loves: Superman

Joshua, 5 year old
Fluent: French, Korean, English
Nationality: US/French
Loves: Dinosaurs

Meet the new Global Citizens!
Full transcript