Three Things I learned about Asia and Hong Kong Different from The Valley

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I’ve spent the last ten years working with some of the most exciting startups, founders, and investors in ‘The Valley’. After two failed startups, one successful exit, eight equity positions as an advisor or investor, and six years at Apple, I thought it was time to shake it up and made the call to move to Asia sight unseen (yes, I’d NEVER been to Asia prior)! While it wasn’t some master plan at first (my wife had a fantastic job offer), I quickly came to realize the unparalleled opportunity that is the Asia startup scene.

Before coming, I decided to approach Asia with an open mind and give myself one year to learn before starting or joining a new company. I had spent the majority of my career developing business channels and ecosystems for startups, investors, and Apple in the United States and thought I would need time to learn before getting back to executing. Well, that didn’t last long! After being here for just six weeks, I was off to Chinaccelerator to mentor their startups, Geeks on a Plane (#GOAP) with Dave McClure (@davemcclure), GMIC in Beijing, GSMA to meet with startups and investors from around Asia, and began creating Brinc (brinc.io) with my Co-Founder Manav Gupta (@manavg).

My first instinct was that I should bring as much of ‘The Valley’ to Asia as possible. That was a HUGE mistake! While ‘The Valley’ name is helpful (really, Apple is much better), bringing ‘The Valley’ mentality to Asia was not the way to approach this market.

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The 500 Startups Accelerator Experience

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With so much attention being paid to startup accelerators over the last several years, entrepreneurs are clamouring to earn a spot in top tier programs as a first step for their startup. Our base city of Hong Kong has also seen an uptick of local accelerators, many of which are dedicated to specific focuses such as B2B, hardware or fintech.

Ever since Shopline returned from the 500 Startups accelerator last summer, I frequently get asked several general questions regarding our experience. I will devote this post to answering a few of them.

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Tales of Startup Inspiration: The Invite-Only Beta

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In my previous post I explained why we created swapit and what is the idea behind swapit. At the moment, swapit is an invite only beta (request your invite here: http://swapit.la) and sometimes I am asked why we are running a beta. So I’d like to talk a little about the rationale behind that.

For many years, I am in the app business and except for some very few local apps; we launched hundreds of apps for the global market. These ranged from productivity, photography, multimedia, educational over to mostly productivity apps as well as some games. They had one thing in common: all of such apps were not targeted to a specific location. Therefore, we did not have a targeted Hong Kong-audience we could address at the point of launching swapit. [Read more…]