1. WEB 2.0 HITS ASIA
Digital Marketplace
IDC’s Asia-Pacific Web 2.0 Conference 2008
June 24, 2008 Grand Copthorne Waterfront, Singapore
Presentation by:
Justin Lee
Executive Director,
E27 Singapore

2. HELLO!

3. NUS iLead
www.e27.sg Silicon Valley Tour
Unconferences/ www.garag3.com Jul ‘08
Demo Events IDM Incubator & Funding
What Is OPTIMATIC?
A Social Enterprise Dedicated
To Serve the Entrepreneurial and Leadership
Community.
FDG Singapore 1 & 2 Focusing on the High-Tech Software eBay dev.shack
Developer Engagement Ecosystem between Singapore, Silicon Valley, Developer
Sweden and many more regions! Competition
Business Model: Niche Events, Collaborative Spaces,
Specialized Tours, Community Oriented Websites that
leverage Web 2.0
Regional Social Media Workgroup Audiences: Startups, Academics, Governments, Educational
Institutions, Investors, Media

4. The Straits Times, 11 March 2008 The Business Times, 11 December 2007

5. WE ASKED FOR THIS

6. BUT GOT THIS

7. FROM THE BOOM DAYS
CIRCA ‘90S, MARC ANDRESSEN (NETSCAPE), 1.0 POSTER BOY

8. TO THE ‘NUCLEAR’ WINTER
DAYS
THE NASDAQ INDEX PEAKED IN 2000, REFLECTING THE
HIGH POINT OF THE BUBBLE (CREDITS, WIKIPEDIA)

9. GOOGLE AT IPO
$85

10. GOOG POST IPO
CREDITS: FINANCE.GOOGLE.COM

11. SILICON VALLEY 2005

12. HIGHWAY 101 - JAN 2005
CREDITS: HTTP://WWW.FLICKR.COM/PHOTOS/MICHAELPATRICK/67028273/

13. HIGHWAY 101 - DEC 2005
CREDITS: HTTP://WWW.FLICKR.COM/PHOTOS/SOUTHERNCALIFORNIAN/429024787/

14. BOOM!

15. 2.0 IS HERE!

16. IT IS SHINY,

17. HAS REFLECTIONS,

18. GRADIENTS,

19. & AJAX

20. VENTURE CAPITAL COMMITMENTS ‘05-’08
PWC/NVCA MONEYTREE(TM) REPORT

21. VENTURE CAPITAL COMMITMENTS ‘05-’08
PWC/NVCA MONEYTREE(TM) REPORT

22. VENTURE CAPITAL COMMITMENTS ‘05-’08
PWC/NVCA MONEYTREE(TM) REPORT

23. BUBBLE?
YES(MASSIVE VALUATIONS)
NO (SUB-PRIME REDUCED VALUATIONS)
MAYBE (THE COST OF STARTING UP HAS PLUMMETTED)

24. “Media & Advertising Drive
VC Activity in China as
Investment Jumps 46% to
$719M in 1Q08”
- Dow Jones VentureSource
CHINA

25. INDIA
Sequoia Capital India Growth Fund 1: $383m
Matrix Partners: $150m
Helion Venture Partners: $140m
New Enterprise Associates IndoUS: $105m
Sherpalo Ventures/KPCB
Reliance Capital

26. VIETNAM
Mekong Ventures
IDG Ventures
Vietnam $100m
DFJ VinaCapital
$50m

27. FIRST THE INVESTMENTS
THEN THE USAGE
VENTURE CAPITAL HAS GLOBALIZED
VC FIRMS NO LONGER INVEST ONLY WITHIN ‘2
HRS’ FROM SAND HILL ROAD
EMERGING MARKETS REPRESENT MASSIVE
POTENTIAL
THE OPPORTUNITY LIES IN LOCALIZATION
IT’S ALL ABOUT COPYING: FACEBOOK VS
XIAONEI VS STUDVIZ

28. WEB 2.0 IS HERE &THRIVING
IN ASIA. AWARENESS RISING

29. WEB 2.0 ANALYSIS
Primary Consumer Technology Market in Asia still lies in Gaming:
Online Gaming Revenues (i.e. MapleStory, WoW) still trumps anything in Web 2.0
Now: China, Korea, Japan, Thailand. Emerging: Vietnam, Indonesia.
Gaming is not-equal-to Web 2.0
Web 2.0 is still in its infancy Innovation Wise in Asia
Consumer Adoption is Extremely Strong: Facebook, Youtube, Xiaonei, TuDou.com,
Baidu.com, QQ, Yahoo!
Enterprise Adoption is pretty slow.
SME’s, Sohos First. (i.e. Google Docs)

30. WHAT’S HAPPENIN’
IN ASIA?

31. ASIA’ STYLE
Less Innovation
More Consumers
More BootSrapping/ consuming US services
Angel Money
Local services are
VC only in ‘Scale highly localized -
Markets’ - China, Difficult to scale
Korea, India because of fragmented
cultures/languages
Community ‘Self Help’

32. SOME OF ASIA’S “SCALE”
MARKETS...

33. CHINA
•Large Population
•Clones
•Thriving Venture Scene
1. Gaming
2. BBS
3. Online Video
•QQ: Olympic/Anti-Tibet
•BBS + Video: Sichuan EarthQuake
•President Hu Web Casting

34. KOREA
•Similarly large
market
•Local orientation,
bereft of external
influence.
•Top Notch
Infrastructure
Naver, Daum, Nate, •Korean gaming
Cyworld, OhMyNews, culture is
ThinkFree widespread

35. SOME OF THE MICRO-
MARKETS...

36. MALAYSIA
www.mindvalley.com, barcamp.org/BarCampMalaysia, malaysiakini.com, tumpang.com, lighthouse.my, youthsays.com, advertlets.com

37. HONG KONG
852signal.com, webwednesday.hk, recruit.net, duedee.com, editgrid.com

38. THE REST
India Japan Australia Vietnam
Philippines Thailand Indonesia

39. WHAT ABOUT SINGAPORE?
(IT’S MORE EXCITING THAN
YOU THINK!)

40. SINGAPORE
GrassRoots
Institutional
Grass Roots: e27.sg, thedigitalmovement.org, 9eek9oddess.blogspot.com, theory.isthereason.com, barcamp.org/BarCampSingapore, sgentrepreneurs.com, php.com.sg, tech65,
interesthink.com
Institutional: NUS School of Computing Class CS3214, garag3.com, etp.nus.edu.sg, nus.edu.sg/noc, sv.nusilead.org/site, ntu.edu.sg/NTC/etip.asp, nes.org.sg

41. SINGAPORE
Governmental
Corporate
Conferences
mda.gov.sg, ida.gov.sg, spring.gov.sg

42. SINGAPORE
Startups
homespace.sg, ihipo.com, widgeo.us, zopim.com, wego.com, discoverio.com, app.facebook.com/battlestations, nuffnang.com, yum.sg, hungrygowhere.com, yebber.com, sharedcopy.com

43. SINGAPORE: WEB2.0 HUB?
Advantages
•Capitalize on It, The True Gateway to Asia
•The Best of East and West
•A Tier-One Global Lifestyle Capital
•Easiest Place to do Business
•Trusted, Transparent City of Commerce
•Constellation of Auxiliary and Professional
Services
•Cost-Competitive vis-à-vis Silicon Valley,
Boston, London
•Pro-Active, Entrepreneur Oriented Govt
•Massive Regional Labour Pool
•Top Notch Educational System
•Low Corporate Taxes, No Capital Gains Tax,
No Tax on Foreign Earned Income
•Private Banking, Angel Investor, Finance
Centre
•Active University Entrepreneurial
Programmes
•NOC Programme! Silicon Valley Linkages
•Sentosa!, F1 GP, Youth Olympics, IRs, Sports
Hubs...

44. WHAT CAN WE DO?
Understanding Web 2.0 Evangelizing Web 2.0
Raising Supporting
Awareness of Local
Web 2.0 Leading The Services
Way in Web 2.0
2.0 Your
Using Web 2.0 Organization
Opening Data Access

45. THANK YOU!
SEE YOU! CONTACT ME:
EMAIL: JUSTINLEE.NAME@GMAIL.COM
BLOG: HTTP://WWW.JCURVE.INFO
ADD ME ON FACEBOOK!

46. EBAY DEV.SHACK
25 JUNE 2008
Venue: THE ARTS HOUSE
1 OLD PARLIAMENT LANE
SINGAPORE 179429
Time: 6.30pm Onwards
http://entrepreneur27singapore.wikispaces.com/eBay.dev.shack
eBay Widgets, eBay
Platform Development,
Auction for Dinner with
VP SEA!

47. E27 UNCONFERENCE
3RD QUARTER 2008
Startup Demos!
Breakout Sessions!
Startup Exhibition!
Showcase of the vibrant tech
entrepreneurship scene in Singapore and
the region!

48. NUS ILEAD
JULY 2008

49. GARAG3
garag3 |g!quot;rä zh; -quot;räj|
For: !
•!Entrepreneurial quot;
technologists!
•!Futurists !
•!New media visionaries !
We help turn their ideas into
commercial reality.