stories of entrepreneurship from asia
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Talk for Singapore's Entrepreneur WeekTRANSCRIPT
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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