Panel: The Rapid Growth And Evolution of Southeast Asia’s Technology Ecosystem: How Different Countries Are Tackling The Challenges of Building Their Own Versions of Silicon Valley
Southeast Asia’s technology ecosystem has been on an upward trajectory. Governments have been waking up to the idea that the future of their economies will depend on disruptive and innovative companies. Local investors and corporate companies are more open to the idea of working with startups and have set up corporate venture funds, coworking spaces and various initiatives to work with startups. What strategies are various countries adopting and what are the key challenges ahead?
Newley Purnell (Moderator) – Reporter, Wall Street Journal; Jimmy Rim – Founder & CEO, K Cube Ventures; Antonio Ventura – Co-Founder & Director, ASTEPS; Cheryl Yeoh – CEO, Malaysian Global Innovation & Creativity Centre (MaGIC); Martin Pasquer – Founder & Partner, Agence Tesla; and Casey Lau – Community Development Manager – SoftLayer Technologies, Inc. and Co-Founder, StartupsHK
Bitcoin And Cryptocurrencies – Challenges And Possibilities For Startups underway. David Moskowitz (Moderator) – Founder, Coin Republic; Robert Hogan – Investor, aCommerce; Ron Hose – CEO, Coins.ph; Antony Lewis – Head of Business Development, itBit; Avish Bhama – CEO, Vaurum; and Tomas Forgac – Founder, Coinofsale.com on the panel
Alpesh Patel – Senior Dealmaker & Ministerial and Strategic Relationships, UKTI: Alpesh analyzed the big data of all the global companies UKTI brought to the UK. He revealed the 7 lesser known, or ‘secret’ traits of the businesses which do the best from raising finance to going global. “Research from UK Trade & Investment revealed that it is tough for 3D Printing, SaaS, eCommerce companies to raise money,” he says.
Three Screw-Ups from a Serial Entrepreneur:
After nearly twenty years as an online entrepreneur, five companies and two acquisitions in both the San Francisco Bay Area and China, Stephen Wang – Co-Founder/Former CTO, Rotten Tomatoes and Alivenotdead.com, shares embarrassing tales of screwing-up badly, narrowly surviving, and finding unlikely success with tips on how to stay sane in the turbulent start-up environment.
That summarises Ray Chan’s message to the audience. #Echelon2014 was trending on Twitter yesterday. Can we do it today too? Be the live journalist and do your live commentary to your followers from Ground Zero. Keep, #Echelon2014 tags flowing in.
Ray Chan – Co-founder, 9GAG, opening up the Day 2 of Echelon 2014, leaving the audience in smiling much like the site is an Editor of. He retains the Editor position because it helps him decide what kind of people he wants to hire.
Welcome to Day 2. House packed today too. “9GAG’s Secret Sauce To Millions Visitors And Billions Pageviews”. There’s no secret sauce, says Ray Chan – Co-Founder, 9GAG. Quotes Paul Graham of Y Combinator: “It’s better to make a few people happy than to make a lot of people semi-happy.”
Like Chan, Echelon too doesn’t have any secret sauce. It is our love and passion for the startup community. Being their voice and being their champions.
On the panel: (L-R) Akshay Garg – Co-Founder, Komli Media; Steven Goh – Co-Founder & CEO, mig33; Edgar Hardless – CEO, SingTel Innov8; Peng Tsin Ong – Partner, Monk’s Hill Ventures; Alex Lin – Head, Infocomm Investments Pte Ltd; & Vincent Lauria (Moderator) – Managing Partner, Golden Gate Ventures
The question that stunned the panellists – receiving eventually 15 votes:
The panel’s answer: The colour of the skin does not matter. It does not matter if the person is local or not. What matters is if the startup irrespective of the founder’s race, culture… can come up with local solutions…
Not many people are on the internet in Southeast Asia, and that is an opportunity. Also, there are first time people on the mobile and first time mobile users — that again is an opportunity for the technology titans in the region. The challenge is how do you make content relevant to a market that is fragmented geographically, culturally and language.
Innovation still is missing in the region.
The panel discussion on: “Tech Titans in Southeast Asia: Opportunities/Challenges in The Region, From The Perspective of Global Technology Companies”
On the panel: Mohan Belani (Moderator) – Co-Founder & CEO, e27; Parin Mehta – Head of Strategic Partnerships, SE Asia, Google; Brad Peterson – VP & Managing Director, Asia-Pacific, Intuit; Delilah Chan – Head of Sales for Singapore and Malaysia, Twitter; Stephen McNulty – Managing Director, Asia Pacific and Japan, Progress Software; & Kiran Raghavan – Head of PMD Market Development, APAC, Facebook
Panel discussion: “Are Business Leaders Ready For The Mobile Consumer?” underway
Scott Bales (Moderator) – Author, Speaker & Entrepreneur; Junde Yu – VP APAC, App Annie; Anthony Tan – Founder & Group CEO, GrabTaxi; Jean Claude Donato – Regional Director, APAC Mobile Head, eBay Inc; Edward Keonwoo Lee – Head of International Business, VCNC; & Do Tuan Anh – Founder & CEO, Appota
Some popular questions that the audience has for the panel:
Some keypoints from Roger E. Egan III – Co-Founder & CEO, RedMart:
— Lines between logistics and e-commerce companies are blurring… same for retailers and manufacturers.
— E-commerce has potential to disrupt retail
— Urges entrepreneurs to disrupt, innovate and bring e-commerce to the future.
“In the online media spends that amounts to US$26 billion, only 23% of the online dollars are spent on brand marketing and the rest 77% is spent on direct response marketing,” says, Joe Nguyen – Senior Vice President, APAC, comScore, Inc
“A company giving away a large percentage of equity to the angel investor is very discouraging… A quick NO is better than a delayed YES,” says, Dave McClure – Founding Partner, 500 Startups.
Adds Khailee Ng – Venture Partner, 500 Startups, “Asking a lot of questions, listening to every detail and connecting the dots to add more value can help in building a good relationship with the startups.”
VC investment more than doubled in Singapore in 2013, says, Edgar Hardless – CEO, SingTel Innov8. “It’s a great time to be in Southeast Asia. SingTel has started Innov8 Sparks, designed to help startups in the region,” he says.