Date post: | 14-Jun-2015 |
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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