stories of entrepreneurship from asia

Stories of Entrepreneurship

from Asia

Benjamin Joffe, CEO | +8* | Plus Eight Star Ltd

Global Entrepreneurship Week| Singapore | November 2008

4 years

1 year

4 years

China | Japan | South Korea

Innovation Arbitrage

Mobile & Internet services

There are more ideas outside your

country than inside

Tom Kelley

The 10 faces of Innovation

3G

use

rs

% of Internet connections measured above 5Mbps

USA

Japan

China

0%

20%

40%

60%

80%

100%

0% 20% 40% 60% 80%

Source: +8* | www.plus8star.com

#2 economy, #1 mobile society

#1 mobile & Internet population

#1 digital society

“Social NetworkingIs Not a Business”

(but it might be soon)

MIT Technology ReviewJuly/August 2008

Starting date

2004 1999 20041997 2006

Revenues 2007 (USD)

150 mln 520 mln ~200 mln 100 mln 150 mln

Profit 2007 (USD)

(50 mln) 225 mln ~100 mln 35 mln ~60 mln

Average Revenue From Users

80% 5%87% 50%~0%

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