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
HELLO!
 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
The Straits Times, 11 March 2008 The Business Times, 11 December 2007
WE ASKED FOR THIS
BUT GOT THIS
 FROM THE BOOM DAYS
CIRCA ‘90S, MARC ANDRESSEN (NETSCAPE), 1.0 POSTER BOY
TO THE ‘NUCLEAR’ WINTER
DAYS
THE NASDAQ INDEX PEAKED IN 2000, REFLECTING THE
HIGH POINT OF THE BUBBLE (CREDITS, WIKIPEDIA)
GOOGLE AT IPO
$85
GOOG POST IPO
CREDITS: FINANCE.GOOGLE.COM
SILICON VALLEY 2005
HIGHWAY 101 - JAN 2005
CREDITS: HTTP://WWW.FLICKR.COM/PHOTOS/MICHAELPATRICK/67028273/
HIGHWAY 101 - DEC 2005
CREDITS: HTTP://WWW.FLICKR.COM/PHOTOS/SOUTHERNCALIFORNIAN/429024787/
BOOM!
2.0 IS HERE!
IT IS SHINY,
HAS REFLECTIONS,
GRADIENTS,
& AJAX
VENTURE CAPITAL COMMITMENTS ‘05-’08
PWC/NVCA MONEYTREE(TM) REPORT
VENTURE CAPITAL COMMITMENTS ‘05-’08
PWC/NVCA MONEYTREE(TM) REPORT
VENTURE CAPITAL COMMITMENTS ‘05-’08
PWC/NVCA MONEYTREE(TM) REPORT
 BUBBLE?
YES(MASSIVE VALUATIONS)
NO (SUB-PRIME REDUCED VALUATIONS)
MAYBE (THE COST OF STARTING UP HAS PLUMMETTED)
“Media & Advertising Drive
VC Activity in China as
Investment Jumps 46% to
$719M in 1Q08”
- Dow Jones VentureSource

CHINA
 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
 VIETNAM

Mekong Ventures

IDG Ventures
Vietnam $100m

DFJ VinaCapital
$50m
 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
WEB 2.0 IS HERE &THRIVING
IN ASIA. AWARENESS RISING
 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)

WHAT’S HAPPENIN’
IN ASIA?
 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’
SOME OF ASIA’S “SCALE”
MARKETS...
 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
 KOREA

•Similarly large
market
•Local orientation,
bereft of external
influence.
•Top Notch
Infrastructure
Naver, Daum, Nate, •Korean gaming
Cyworld, OhMyNews, culture is
ThinkFree widespread
SOME OF THE MICRO-
MARKETS...
 MALAYSIA

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

 HONG KONG

852signal.com, webwednesday.hk, recruit.net, duedee.com, editgrid.com

 THE REST

India Japan Australia Vietnam

Philippines Thailand Indonesia

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

Corporate

Conferences

mda.gov.sg, ida.gov.sg, spring.gov.sg

 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
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...
 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

 THANK YOU!
SEE YOU! CONTACT ME:

EMAIL: JUSTINLEE.NAME@GMAIL.COM

BLOG: HTTP://WWW.JCURVE.INFO

ADD ME ON FACEBOOK!
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!
E27 UNCONFERENCE
3RD QUARTER 2008

Startup Demos!
Breakout Sessions!
Startup Exhibition!

Showcase of the vibrant tech

entrepreneurship scene in Singapore and
the region!
NUS ILEAD
JULY 2008
 GARAG3
garag3 |g!"rä zh; -"räj|
For: !
•!Entrepreneurial "
technologists!
•!Futurists !
•!New media visionaries !

We help turn their ideas into

commercial reality.