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Captain	
  Barbossa…	
  
     Welcome	
  to	
  Singapore!	
  
                           Welcome	
  to	
  
                           Singapore!	
  




What	
  I	
  learned	
  in	
  Singapore	
  
             @benjaminjoffe	
  
Quick	
  Me	
  
•  10	
  years	
  in	
  Asia	
  (China,	
  Japan,	
  Korea)	
  
    –  CEO	
  of	
  Digital	
  Strategy	
  &	
  Research	
  company	
  +8*	
  	
  
    –  Angel	
  investor	
  in	
  2	
  startups	
  
         •  Cmune:	
  “Zynga	
  for	
  Console-­‐like	
  Games”	
  
         •  MyGengo:	
  “Cheap	
  &	
  Fast	
  Human	
  TranslaXons”	
  

•  3	
  months	
  in	
  SG	
  |	
  Since	
  October	
  2010	
  
    –  Mentor	
  at	
  JFDI.Asia,	
  talks	
  at	
  NUS,	
  SMU,	
  events	
  
    –  ConsulXng	
  &	
  Advisory	
  to	
  local	
  startups	
  
    –  I	
  might	
  have	
  it	
  all	
  wrong!	
  

•  100+	
  Talks,	
  +1!	
  
Stereotypes	
  in	
  my	
  Suitcase	
  
(And	
  it’s	
  not	
  a	
  joke…)	
  
Singapore	
  Statute	
  Chapter	
  57	
  (1992)	
  
Allowed	
  for	
  therapeuXc	
  usage	
  (2004)	
  
            (the	
  gun	
  is	
  a	
  joke	
  btw…)	
  
Durians	
  



(Durian	
  trees	
  are	
  said	
  to	
  be	
  intelligent	
  
 and	
  never	
  drop	
  a	
  fruit	
  on	
  someone)	
  
“English-­‐based	
  Creole	
  Language”	
  
“5C’s	
  of	
  Singapore”	
  
There	
  is	
  a	
  Wikipedia	
  entry	
  for	
  it!	
  

              CASH	
  
               CAR	
  
       CREDIT	
  CARD	
  
      CONDOMINIUM	
  
 COUNTRY	
  CLUB	
  MEMBERSHIP	
  
Scared?	
  



 Kiasu	
  (scared	
  of	
  losing)	
  
 Kiasi	
  (scared	
  of	
  dying)	
  
      Kiabor	
  (scared	
  of	
  wife)	
  
 Kiaboh	
  (scared	
  of	
  having	
  nothing)	
  
Kiachenghu	
  (scared	
  of	
  government)	
  
Beyond	
  Stereotypes?	
  
I	
  found	
  that	
  not	
  so	
  much	
  of	
  the	
  
fundamentals	
  had	
  changed	
  since	
  
      William	
  Gibson’s	
  trip	
  in	
  1993	
  
(PS:	
  I	
  have	
  seen	
  other	
  dys/utopias)	
  




Photo	
  from	
  the	
  North	
  Korea	
  
   side	
  of	
  Panmunjeom	
  
Singtopia	
  




1932	
         1949	
      1965	
  
Brave	
  New	
  World?	
  Really?	
  
•  CondiXoning	
  trains	
  people	
  to	
  consume	
  and	
  
   never	
  to	
  enjoy	
  being	
  alone	
  

•  Soma	
  is	
  a	
  hallucinogen	
  that	
  takes	
  users	
  on	
  
   enjoyable,	
  hangover-­‐free	
  "holidays”.	
  What	
  
   could	
  be	
  Singapore’s	
  Soma?	
  

•  People	
  are	
  bred	
  to	
  do	
  their	
  jobs	
  and	
  cannot	
  
   desire	
  another	
  
Caste	
  System	
  or	
  Meritocracy?	
  
RANK	
       STUDY	
                      PURPOSE	
  

ALPHA	
      Overseas	
                   CEOs,	
  Ruling	
  Class	
  

BETA	
       Top	
  local	
  UniversiXes	
   Managers	
  

GAMMA	
   Polytechnics	
                  White	
  collars	
  

DELTA	
      No	
  university	
           White	
  &	
  Blue	
  collars	
  

EPSILON	
   “Foreign	
  talent”	
         Mostly	
  Blue	
  collars	
  
Are	
  You	
  
Promiscuous	
  
 Enough!?	
  
•  39,654	
  babies	
  
   born	
  in	
  2009	
  

•  “Have	
  three	
  or	
  
   more,	
  if	
  you	
  can	
  
   afford	
  it.”	
  
“Our	
  current	
  SDNTrust	
  
                                            accredited	
  daFng	
  agencies”	
  




Source:	
  Gwendolin	
  Regina	
  Tan	
  
Social	
  Development	
  Network	
  
      Because	
  Love	
  is	
  also	
  Government	
  business	
  
•  1984	
  |	
  Social	
  Development	
  Unit	
  
   (SDU)	
  promotes	
  marriages	
  among	
  
   graduate	
  singles	
  (Beta,	
  Gamma)	
  

•  1985	
  |	
  Social	
  Development	
  Services	
  
   (SDS)	
  to	
  promotes	
  marriages	
  among	
  
   non-­‐graduate	
  singles.	
  (Delta)	
  

•  2009	
  |	
  SDU	
  +	
  SDS	
  =	
  SDN	
  
   Social	
  Development	
  Network	
                   www.lovebyte.org.sg	
  
   “Provide	
  more	
  opportuniFes	
  for	
  
   singles	
  to	
  meet”	
  
1984?	
  Really?	
  
•  Ingsoc	
  (English	
  Socialism)	
  –	
  SingSoc?	
  

•  Newspeak	
  –	
  Guess?	
  

•  Surveillance	
  –	
  No	
  comment.	
  

•  Groupthink	
  –	
  Don’t	
  stay	
  alone,	
  lah!	
  

•  Ministry	
  of	
  Truth,	
  Love,	
  Plenty,	
  Peace	
  

•  Inner	
  party	
  /	
  Outer	
  party	
  /	
  Proles	
  

•  Permanent	
  War	
  (“enemy”	
  outside	
  +	
  within)	
  
How	
  to	
  describe	
  Singapore?	
  
•  1984	
  with	
  soma?	
  

•  Brave	
  New	
  World	
  with	
  less	
  promiscuity?	
  

•  Socialo-­‐Capitalist	
  Dynasty?	
  

•  What	
  North	
  Korea	
  could	
  have	
  been	
  with	
  
   beqer	
  trade	
  and	
  educaVon	
  policies?	
  
The	
  Social	
  Network	
  
•  Independence:	
  Growing	
  up	
  at	
  parents’	
  house?	
  
   –  In	
  France,	
  most	
  move	
  out	
  as	
  soon	
  as	
  they	
  work	
  

•  Surveillance:	
  People	
  are	
  two	
  degrees	
  away!	
  
   –  (There	
  is	
  sth	
  to	
  like	
  in	
  big	
  anonymous	
  ciXes	
  too	
  …)	
  

•  Inner	
  Struggle:	
  Liberal	
  views	
  +	
  conservaXve	
  acts?	
  
   –  "I	
  am	
  liberal	
  but	
  my	
  parents	
  are	
  not”	
  
   –  “My	
  parents	
  are	
  but	
  my	
  extended	
  family	
  isn't.”	
  
   –  Does	
  anyone	
  really	
  believe	
  in	
  those	
  “tradiXons”?	
  
CreaXve	
  Singapore	
  
Cinema,	
  Shopping,	
  Food…	
  
                         Too	
  much	
  Soma?	
  
     “At	
  lunch	
  we	
  think	
  what	
  we’ll	
  have	
  for	
  dinner”	
  


Rank	
  (2008)    	
  Country 	
        	
     	
  Cinema	
  admissions	
  per	
  capita	
  
   	
      	
     	
       	
    	
     	
     	
      	
  2007     	
   	
  2008	
  
1 	
       	
     	
  Iceland 	
        	
     	
      	
  5.1 	
   	
   	
  5.4	
              First	
  two	
  in	
  bad	
  
2 	
       	
     	
  Ireland 	
        	
     	
      	
  4.3 	
   	
   	
  4.2	
                shape	
  today.	
  
2= 	
      	
     	
  Singapore         	
     	
      	
  3.8 	
   	
   	
  4.2	
               Singapore	
  #1?	
  
4 	
       	
     	
  Australia 	
      	
     	
      	
  4.1 	
   	
   	
  4.1	
  
4= 	
      	
     	
  US 	
      	
     	
     	
      	
  4.3 	
   	
   	
  4.1	
  
6 	
       	
     	
  New	
  Zealand    	
     	
      	
  3.6 	
   	
   	
  3.6	
  
7 	
       	
     	
  Canada 	
         	
     	
      	
  3.2 	
   	
   	
  3.2	
  
8 	
       	
     	
  South	
  Korea    	
     	
      	
  3.2 	
   	
   	
  3.1	
  
9 	
       	
     	
  France 	
         	
     	
      	
  2.9 	
   	
   	
  3.0	
  
10 	
      	
     	
  India      	
     	
     	
      	
  3.0 	
   	
   	
  2.9	
  

                                                                         Source:	
  Cinema	
  Intelligence	
  Service,	
  2009	
  
EducaXon	
  System	
  &	
  KPIs	
  

•  KPIs	
  work	
  within	
  a	
  frame	
  

•  CreaXvity	
  is	
  about	
  doing	
  away	
  with	
  the	
  frame	
  

•  And	
  about	
  asking	
  new	
  quesVons	
  
Why	
  not	
  in	
  Singapore?	
  

•  CreaXvity	
  requires	
  free	
  Vme	
  

•  CreaXvity	
  requires	
  Vme	
  alone	
  

•  CreaXve	
  people	
  live	
  in	
  poverty	
  (incl.	
  startups)	
  

•  CreaXve	
  people	
  do	
  their	
  own	
  thing	
  
Everyone	
  can	
  innovate!	
  
•  Ideas	
  have	
  no	
  naVonality	
  

•  Everyone	
  is	
  creaXve	
  

•  You	
  don’t	
  need	
  permission	
  

•  Talent	
  is	
  overrated	
  

•  More	
  third	
  places!	
  
BUT!	
  
The	
  Upside	
  
•  Amazing	
  cultural	
  mix	
  

•  Ethnic	
  quotas	
  for	
  housing	
  

•  Religious	
  places	
  next	
  to	
  each	
  other	
  

•  Smart	
  steps	
  toward	
  peaceful	
  coexistence	
  

•  The	
  place	
  is	
  remarkably	
  well	
  managed	
  
Void	
  Deck	
  GeneraXon?	
  

•  Can	
  creaXvity	
  come	
  from	
  HDBs?	
  

•  More	
  freedom	
  from	
  KPIs,	
  but	
  also	
  more	
  soma	
  

•  That’s	
  your	
  job!	
  
Changes	
  From	
  Within	
  
                 Using	
  Plausible	
  Deniability	
  
•  E.g.	
  this	
  talk	
  
    –  SelecXon	
  bias:	
  why	
  me?	
  
    –  Who	
  is	
  in	
  charge?	
  
    –  I’m	
  gevng	
  away	
  with	
  it	
  

•  Bring	
  in	
  those	
  you	
  need	
  to	
  support	
  your	
  ideas	
  
    –  Match	
  KPIs	
  
    –  Maintain	
  face	
  with	
  Boss	
  &	
  Alphas	
  
    –  Bring	
  change!	
  
Tech	
  
Singaporean	
  innovaXons	
  

•  ERP	
  ^_^;	
  

•  Thumbdrive	
  

•  Durian	
  Strudel?	
  
Ecosystem	
  Build-­‐up	
  
•    HackerSpace	
  
•    Founder	
  InsXtute	
  
•    Startup	
  Weekend	
  
•    BarCamp	
  
•    BANSEA	
  (SE	
  Asia	
  Angels)	
  
•    Founders	
  Space	
  (soon)	
  
•    Flagship	
  conferences	
  (Echelon,	
  Accelerate)	
  
•    Early-­‐stage	
  VCs	
  

•  Most	
  of	
  it	
  in	
  1	
  year?	
  
Issues	
  (you	
  know)	
  
•  Lack	
  of	
  serial	
  entrepreneurs	
  /	
  mentors	
  

•  Gap	
  at	
  mid-­‐stage	
  to	
  series	
  A	
  and	
  US	
  VCs	
  

•  KPIs	
  incompaXble	
  with	
  early	
  stage	
  (uncertainty)	
  

•  Business	
  models	
  are	
  required	
  (vs.	
  SV)	
  
Would	
  I	
  startup	
  in	
  Singapore?	
  
•  Cmune:	
  too	
  large	
  for	
  relocaXon	
  

•  Local	
  costs	
  not	
  small,	
  talent	
  scarce	
  

•  Good	
  infra,	
  early-­‐stage	
  financing	
  

•  Best	
  posiXoned:	
  foreign	
  &	
  local	
  mixed	
  teams	
  
    –  Navigate	
  bureaucracy	
  
    –  Leverage	
  cheaper	
  geographies	
  
Startups	
  to	
  Watch	
  

“Who	
  to	
  watch?	
  […]	
  We’d	
  put	
  $$$	
  on	
  
Viki,	
  Pivotal	
  Labs	
  Singapore	
  and	
  Mig33	
  
to	
  sustain	
  their	
  posiXon	
  as	
  local	
  
heroes,	
  conXnuing	
  to	
  inspire	
  us	
  
through	
  2010.”	
  (Jan	
  1,	
  2011)	
  
Top	
  Startups	
  
•  Mig33	
  |	
  Australian	
  founders,	
  relocated	
  from	
  SV!	
  

•  Viki	
  |	
  US	
  +	
  Korea!	
  

•  BuzzCity	
  |	
  Founded	
  in	
  1999!	
  

•  Gothere.sg	
  /	
  Hungrygowhere	
  |	
  Hyperlocal	
  

•  Cloudpic	
  |	
  $6M	
  arXst	
  coll.	
  pla~orm	
  (R&D	
  in	
  US!)	
  
Why	
  bother	
  with	
  NaXonality?	
  
•  Idea	
  naXonality?	
  

•  Founder	
  naXonality?	
  

•  Team	
  naXonality?	
  

•  It’s	
  a	
  brand.	
  
    –  Silicon	
  Valley	
  is	
  a	
  brand	
  too!	
  
    –  And	
  it’s	
  money	
  and	
  partners.	
  
(Network,	
  1976)	
  
“There	
  are	
  no	
  naVons.	
  
There	
  are	
  no	
  peoples.	
  
 There	
  are	
  no	
  Russians.	
  
   There	
  are	
  no	
  Arabs.	
  
There	
  are	
  no	
  third	
  worlds.	
  
    	
  There	
  is	
  no	
  West.”	
  




                                “There	
  is	
  only	
  one	
  holisXc	
  
                               system	
  of	
  systems.	
  
                               One	
  vast	
  […],	
  mulVnaVonal	
  
                                  dominion	
  of	
  dollars.”	
  
Example:	
  Cmune	
  
•  Team	
  in	
  Beijing,	
  China	
  

•  Registered	
  in	
  HK	
  

•  Founders	
  from	
  New-­‐Zealand	
  and	
  France	
  

•  8	
  naVonaliVes	
  in	
  team	
  of	
  12	
  

•  Users	
  worldwide,	
  except	
  China!	
  (FB	
  blocked)	
  
Myths	
  to	
  do	
  away	
  with	
  
•  Startups	
  take	
  much	
  longer	
  than	
  the	
  media	
  says!	
  

•  Check	
  your	
  definiXon	
  of	
  “success”	
  

•  Make	
  money:	
  sell	
  a	
  dream,	
  but	
  build	
  a	
  business	
  

•  Most	
  of	
  your	
  idea	
  is	
  going	
  to	
  change	
  on	
  the	
  way	
  

•  InnovaXon	
  is	
  happening	
  every	
  day	
  you	
  do	
  
   something	
  different	
  from	
  yesterday	
  
SemanXc	
  Prisons	
  
	
  “ There	
  are	
  plenty	
  of	
  semanXc	
  prisons	
  
    which	
  do	
  not	
  permit	
  us	
  to	
  think	
  straight”	
  
	
   	
     	
     	
     	
     	
     	
   	
  	
  
	
   	
     	
     	
     	
     	
     	
  Aldous	
  Huxley	
  
	
   	
     	
     	
     	
     	
     	
  The	
  Human	
  SituaXon	
  
Gevng	
  out	
  of	
  SemanXc	
  Prisons	
  

•    CreaXvity	
                            •    EducaXon	
  
•    InnovaXon	
                            •    Intelligence	
  
•    Entrepreneur	
                         •    Developed	
  
•    Success	
                              •    Developing	
  
•    NaXonality	
                           •    Etc.	
  


             Those	
  words	
  are	
  holding	
  you	
  back!	
  
     May	
  you	
  develop	
  all	
  your	
  life!	
  (cf.	
  Fredrik	
  Haren)	
  
Ideas	
  are	
  everywhere!	
  
•  7	
  billion	
  people	
  
    –  Someone	
  surely	
  got	
  the	
  same	
  idea,	
  before	
  you	
  
    –  “I	
  came	
  up	
  with	
  one	
  Internet	
  idea	
  a	
  day!”	
  
         •  Masayoshi	
  Son,	
  CEO	
  of	
  So€bank	
  


•  Just	
  execute	
  the	
  hell	
  out	
  of	
  it	
  
    –  Don’t	
  let	
  the	
  pride	
  in	
  the	
  idea	
  get	
  in	
  the	
  way	
  
My	
  InnovaXon	
  Epiphanies	
  
•  Peeling	
  off	
  narraVves	
  
    1.    Only	
  US	
  innovates	
  (I	
  was	
  spared	
  this	
  one)	
  
    2.    Only	
  the	
  West	
  innovates	
  (my	
  iniFal	
  belief)	
  
    3.    Asia	
  innovates	
  too	
  (aSer	
  a	
  few	
  years	
  in	
  Asia)	
  
    4.    Everyone	
  is	
  an	
  innovator	
  (aSer	
  10	
  years	
  abroad)	
  

•  Why	
  Silicon	
  Valley	
  
    –  It’s	
  all	
  about	
  access	
  to	
  capital	
  
    –  Default	
  business	
  model:	
  adverVsing!	
  
    –  Use	
  it	
  if	
  you	
  need	
  it	
  
Beyond	
  Tech	
  
(because	
  innovaXon	
  is	
  everywhere!)	
  
What	
  I	
  found	
  most	
  InnovaXve	
  


•  Service	
  industry	
  



•  Food	
  &	
  Beverage	
  industry	
  
•  39,000	
  outlets	
  (>	
  McDonalds)	
  

•  1927	
  |	
  Founded	
  in	
  Dallas,	
  Texas	
  

•  1991	
  |	
  Ito-­‐Yokado	
  (Japan)	
  gains	
  control	
  

•  Did	
  you	
  know	
  it	
  was	
  “Japanese”?	
  
    –  It	
  is	
  an	
  example	
  that	
  brands	
  it	
  is	
  hard	
  to	
  talk	
  about	
  
       the	
  “naXonality”	
  of	
  a	
  brand…	
  
BreadTalk	
  
BreadTalk	
  
•  Founded	
  in	
  2000	
  

•  24	
  retail	
  outlets	
  in	
  Singapore	
  

•  13	
  countries,	
  300	
  bakeries,	
  5,000	
  employees	
  

•  80%	
  common	
  product,	
  20%	
  for	
  local	
  palate	
  
“No	
  more	
  Bush”	
  
campaign	
  in	
  2008	
  
Plans	
  for	
  Friends	
  
 Thelma	
  &	
  Louise	
  
 Batman	
  &	
  Robin	
  
Strip	
  –	
  Ministry	
  of	
  Waxing	
  
•  Body	
  waxing	
  concept	
  store	
  

•  Founded	
  in	
  2002	
  by	
  Spa	
  Esprit	
  Group	
  in	
  SG	
  

•  27	
  stores	
  in	
  7	
  ciVes	
  
     –  Singapore,	
  NYC,	
  Jakarta,	
  KL,	
  Bangkok,	
  Manila,	
  London,	
  
        Shanghai,	
  HK	
  

•  HSQ:	
  Hygiene,	
  Speed,	
  Quality	
  

•  2	
  million	
  bushes	
  and	
  counXng…	
  
Strip	
  –	
  Ministry	
  of	
  Waxing	
  
Spa	
  Esprit	
  Group	
  
•  Parent	
  company	
  to	
  Strip,	
  founded	
  1996	
  

•  10	
  Beauty	
  and	
  Food	
  &	
  Beverage	
  brands	
  
   –  Strip	
  
   –  Browhaus	
  
   –  Spa	
  Esprit,	
  Qi	
  Mantra,	
  House,	
  Barracks,	
  Camp,	
  
      Beauty	
  Emporium,	
  Skinny	
  Pizza	
  and	
  Tippling	
  Club.	
  
   –  First	
  Spa	
  Esprit	
  in	
  1996	
  in	
  Singapore	
  
Conclusion:	
  

        Can!	
  
  Comments	
  welcome:	
  
benjamin@plus8star.com	
  
    @benjaminjoffe	
  

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What I Learned From Singapore

  • 1. Captain  Barbossa…   Welcome  to  Singapore!   Welcome  to   Singapore!   What  I  learned  in  Singapore   @benjaminjoffe  
  • 2. Quick  Me   •  10  years  in  Asia  (China,  Japan,  Korea)   –  CEO  of  Digital  Strategy  &  Research  company  +8*     –  Angel  investor  in  2  startups   •  Cmune:  “Zynga  for  Console-­‐like  Games”   •  MyGengo:  “Cheap  &  Fast  Human  TranslaXons”   •  3  months  in  SG  |  Since  October  2010   –  Mentor  at  JFDI.Asia,  talks  at  NUS,  SMU,  events   –  ConsulXng  &  Advisory  to  local  startups   –  I  might  have  it  all  wrong!   •  100+  Talks,  +1!  
  • 3. Stereotypes  in  my  Suitcase  
  • 4. (And  it’s  not  a  joke…)  
  • 5. Singapore  Statute  Chapter  57  (1992)   Allowed  for  therapeuXc  usage  (2004)   (the  gun  is  a  joke  btw…)  
  • 6. Durians   (Durian  trees  are  said  to  be  intelligent   and  never  drop  a  fruit  on  someone)  
  • 9. There  is  a  Wikipedia  entry  for  it!   CASH   CAR   CREDIT  CARD   CONDOMINIUM   COUNTRY  CLUB  MEMBERSHIP  
  • 10. Scared?   Kiasu  (scared  of  losing)   Kiasi  (scared  of  dying)   Kiabor  (scared  of  wife)   Kiaboh  (scared  of  having  nothing)   Kiachenghu  (scared  of  government)  
  • 12. I  found  that  not  so  much  of  the   fundamentals  had  changed  since   William  Gibson’s  trip  in  1993  
  • 13. (PS:  I  have  seen  other  dys/utopias)   Photo  from  the  North  Korea   side  of  Panmunjeom  
  • 14. Singtopia   1932   1949   1965  
  • 15. Brave  New  World?  Really?   •  CondiXoning  trains  people  to  consume  and   never  to  enjoy  being  alone   •  Soma  is  a  hallucinogen  that  takes  users  on   enjoyable,  hangover-­‐free  "holidays”.  What   could  be  Singapore’s  Soma?   •  People  are  bred  to  do  their  jobs  and  cannot   desire  another  
  • 16. Caste  System  or  Meritocracy?   RANK   STUDY   PURPOSE   ALPHA   Overseas   CEOs,  Ruling  Class   BETA   Top  local  UniversiXes   Managers   GAMMA   Polytechnics   White  collars   DELTA   No  university   White  &  Blue  collars   EPSILON   “Foreign  talent”   Mostly  Blue  collars  
  • 17. Are  You   Promiscuous   Enough!?   •  39,654  babies   born  in  2009   •  “Have  three  or   more,  if  you  can   afford  it.”  
  • 18. “Our  current  SDNTrust   accredited  daFng  agencies”   Source:  Gwendolin  Regina  Tan  
  • 19. Social  Development  Network   Because  Love  is  also  Government  business   •  1984  |  Social  Development  Unit   (SDU)  promotes  marriages  among   graduate  singles  (Beta,  Gamma)   •  1985  |  Social  Development  Services   (SDS)  to  promotes  marriages  among   non-­‐graduate  singles.  (Delta)   •  2009  |  SDU  +  SDS  =  SDN   Social  Development  Network   www.lovebyte.org.sg   “Provide  more  opportuniFes  for   singles  to  meet”  
  • 20. 1984?  Really?   •  Ingsoc  (English  Socialism)  –  SingSoc?   •  Newspeak  –  Guess?   •  Surveillance  –  No  comment.   •  Groupthink  –  Don’t  stay  alone,  lah!   •  Ministry  of  Truth,  Love,  Plenty,  Peace   •  Inner  party  /  Outer  party  /  Proles   •  Permanent  War  (“enemy”  outside  +  within)  
  • 21. How  to  describe  Singapore?   •  1984  with  soma?   •  Brave  New  World  with  less  promiscuity?   •  Socialo-­‐Capitalist  Dynasty?   •  What  North  Korea  could  have  been  with   beqer  trade  and  educaVon  policies?  
  • 22. The  Social  Network   •  Independence:  Growing  up  at  parents’  house?   –  In  France,  most  move  out  as  soon  as  they  work   •  Surveillance:  People  are  two  degrees  away!   –  (There  is  sth  to  like  in  big  anonymous  ciXes  too  …)   •  Inner  Struggle:  Liberal  views  +  conservaXve  acts?   –  "I  am  liberal  but  my  parents  are  not”   –  “My  parents  are  but  my  extended  family  isn't.”   –  Does  anyone  really  believe  in  those  “tradiXons”?  
  • 24. Cinema,  Shopping,  Food…   Too  much  Soma?   “At  lunch  we  think  what  we’ll  have  for  dinner”   Rank  (2008)  Country      Cinema  admissions  per  capita                  2007    2008   1      Iceland        5.1      5.4   First  two  in  bad   2      Ireland        4.3      4.2   shape  today.   2=      Singapore      3.8      4.2   Singapore  #1?   4      Australia        4.1      4.1   4=      US          4.3      4.1   6      New  Zealand      3.6      3.6   7      Canada        3.2      3.2   8      South  Korea      3.2      3.1   9      France        2.9      3.0   10      India        3.0      2.9   Source:  Cinema  Intelligence  Service,  2009  
  • 25. EducaXon  System  &  KPIs   •  KPIs  work  within  a  frame   •  CreaXvity  is  about  doing  away  with  the  frame   •  And  about  asking  new  quesVons  
  • 26. Why  not  in  Singapore?   •  CreaXvity  requires  free  Vme   •  CreaXvity  requires  Vme  alone   •  CreaXve  people  live  in  poverty  (incl.  startups)   •  CreaXve  people  do  their  own  thing  
  • 27. Everyone  can  innovate!   •  Ideas  have  no  naVonality   •  Everyone  is  creaXve   •  You  don’t  need  permission   •  Talent  is  overrated   •  More  third  places!  
  • 29. The  Upside   •  Amazing  cultural  mix   •  Ethnic  quotas  for  housing   •  Religious  places  next  to  each  other   •  Smart  steps  toward  peaceful  coexistence   •  The  place  is  remarkably  well  managed  
  • 30. Void  Deck  GeneraXon?   •  Can  creaXvity  come  from  HDBs?   •  More  freedom  from  KPIs,  but  also  more  soma   •  That’s  your  job!  
  • 31. Changes  From  Within   Using  Plausible  Deniability   •  E.g.  this  talk   –  SelecXon  bias:  why  me?   –  Who  is  in  charge?   –  I’m  gevng  away  with  it   •  Bring  in  those  you  need  to  support  your  ideas   –  Match  KPIs   –  Maintain  face  with  Boss  &  Alphas   –  Bring  change!  
  • 33. Singaporean  innovaXons   •  ERP  ^_^;   •  Thumbdrive   •  Durian  Strudel?  
  • 34. Ecosystem  Build-­‐up   •  HackerSpace   •  Founder  InsXtute   •  Startup  Weekend   •  BarCamp   •  BANSEA  (SE  Asia  Angels)   •  Founders  Space  (soon)   •  Flagship  conferences  (Echelon,  Accelerate)   •  Early-­‐stage  VCs   •  Most  of  it  in  1  year?  
  • 35. Issues  (you  know)   •  Lack  of  serial  entrepreneurs  /  mentors   •  Gap  at  mid-­‐stage  to  series  A  and  US  VCs   •  KPIs  incompaXble  with  early  stage  (uncertainty)   •  Business  models  are  required  (vs.  SV)  
  • 36. Would  I  startup  in  Singapore?   •  Cmune:  too  large  for  relocaXon   •  Local  costs  not  small,  talent  scarce   •  Good  infra,  early-­‐stage  financing   •  Best  posiXoned:  foreign  &  local  mixed  teams   –  Navigate  bureaucracy   –  Leverage  cheaper  geographies  
  • 37. Startups  to  Watch   “Who  to  watch?  […]  We’d  put  $$$  on   Viki,  Pivotal  Labs  Singapore  and  Mig33   to  sustain  their  posiXon  as  local   heroes,  conXnuing  to  inspire  us   through  2010.”  (Jan  1,  2011)  
  • 38. Top  Startups   •  Mig33  |  Australian  founders,  relocated  from  SV!   •  Viki  |  US  +  Korea!   •  BuzzCity  |  Founded  in  1999!   •  Gothere.sg  /  Hungrygowhere  |  Hyperlocal   •  Cloudpic  |  $6M  arXst  coll.  pla~orm  (R&D  in  US!)  
  • 39. Why  bother  with  NaXonality?   •  Idea  naXonality?   •  Founder  naXonality?   •  Team  naXonality?   •  It’s  a  brand.   –  Silicon  Valley  is  a  brand  too!   –  And  it’s  money  and  partners.  
  • 40. (Network,  1976)   “There  are  no  naVons.   There  are  no  peoples.   There  are  no  Russians.   There  are  no  Arabs.   There  are  no  third  worlds.    There  is  no  West.”   “There  is  only  one  holisXc   system  of  systems.   One  vast  […],  mulVnaVonal   dominion  of  dollars.”  
  • 41. Example:  Cmune   •  Team  in  Beijing,  China   •  Registered  in  HK   •  Founders  from  New-­‐Zealand  and  France   •  8  naVonaliVes  in  team  of  12   •  Users  worldwide,  except  China!  (FB  blocked)  
  • 42. Myths  to  do  away  with   •  Startups  take  much  longer  than  the  media  says!   •  Check  your  definiXon  of  “success”   •  Make  money:  sell  a  dream,  but  build  a  business   •  Most  of  your  idea  is  going  to  change  on  the  way   •  InnovaXon  is  happening  every  day  you  do   something  different  from  yesterday  
  • 43. SemanXc  Prisons    “ There  are  plenty  of  semanXc  prisons   which  do  not  permit  us  to  think  straight”                                  Aldous  Huxley                The  Human  SituaXon  
  • 44. Gevng  out  of  SemanXc  Prisons   •  CreaXvity   •  EducaXon   •  InnovaXon   •  Intelligence   •  Entrepreneur   •  Developed   •  Success   •  Developing   •  NaXonality   •  Etc.   Those  words  are  holding  you  back!   May  you  develop  all  your  life!  (cf.  Fredrik  Haren)  
  • 45. Ideas  are  everywhere!   •  7  billion  people   –  Someone  surely  got  the  same  idea,  before  you   –  “I  came  up  with  one  Internet  idea  a  day!”   •  Masayoshi  Son,  CEO  of  So€bank   •  Just  execute  the  hell  out  of  it   –  Don’t  let  the  pride  in  the  idea  get  in  the  way  
  • 46. My  InnovaXon  Epiphanies   •  Peeling  off  narraVves   1.  Only  US  innovates  (I  was  spared  this  one)   2.  Only  the  West  innovates  (my  iniFal  belief)   3.  Asia  innovates  too  (aSer  a  few  years  in  Asia)   4.  Everyone  is  an  innovator  (aSer  10  years  abroad)   •  Why  Silicon  Valley   –  It’s  all  about  access  to  capital   –  Default  business  model:  adverVsing!   –  Use  it  if  you  need  it  
  • 47. Beyond  Tech   (because  innovaXon  is  everywhere!)  
  • 48. What  I  found  most  InnovaXve   •  Service  industry   •  Food  &  Beverage  industry  
  • 49.
  • 50. •  39,000  outlets  (>  McDonalds)   •  1927  |  Founded  in  Dallas,  Texas   •  1991  |  Ito-­‐Yokado  (Japan)  gains  control   •  Did  you  know  it  was  “Japanese”?   –  It  is  an  example  that  brands  it  is  hard  to  talk  about   the  “naXonality”  of  a  brand…  
  • 51.
  • 53. BreadTalk   •  Founded  in  2000   •  24  retail  outlets  in  Singapore   •  13  countries,  300  bakeries,  5,000  employees   •  80%  common  product,  20%  for  local  palate  
  • 54.
  • 55. “No  more  Bush”   campaign  in  2008  
  • 56. Plans  for  Friends   Thelma  &  Louise   Batman  &  Robin  
  • 57. Strip  –  Ministry  of  Waxing   •  Body  waxing  concept  store   •  Founded  in  2002  by  Spa  Esprit  Group  in  SG   •  27  stores  in  7  ciVes   –  Singapore,  NYC,  Jakarta,  KL,  Bangkok,  Manila,  London,   Shanghai,  HK   •  HSQ:  Hygiene,  Speed,  Quality   •  2  million  bushes  and  counXng…  
  • 58. Strip  –  Ministry  of  Waxing  
  • 59. Spa  Esprit  Group   •  Parent  company  to  Strip,  founded  1996   •  10  Beauty  and  Food  &  Beverage  brands   –  Strip   –  Browhaus   –  Spa  Esprit,  Qi  Mantra,  House,  Barracks,  Camp,   Beauty  Emporium,  Skinny  Pizza  and  Tippling  Club.   –  First  Spa  Esprit  in  1996  in  Singapore  
  • 60. Conclusion:   Can!   Comments  welcome:   benjamin@plus8star.com   @benjaminjoffe