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W. Ryan Huddleston
wryanhuddleston@gmail.com+82-10-5533-3042Blog: http://ryanceoseminar.blogspot.com
The Korean Start-Up WorldMay, 2012
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Ryan Huddleston
TWO years in Korea
SEMINAR hosting experiences
REPRESENTATIVE of Korean companies
EXPERIENCE working at a Korean startup company
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
My Experience with
Korean Startups:1.Characteristics2.Obstacles3.Advantages
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Verbal and Non-Verbal Cues: Attitude
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Hierarchy ConfusionCode Names:“His name isn’t really AI,” Kim explains. “We call each other by code names.”
Women as CEO’s Women as
Managers
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Tied to Organizations
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Obstacles: English
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacle: Early Stage Capital
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacle: Path to Follow
CUSTOMERS
PRODUCT
TEAM
BUSINESS MODEL
FINANCIALS
• Identify upcoming problems
• Set Priorities
• Align the team
• Measure progress over time
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacle: Path to Exit
“The Chaebol don’t buy companies”
said Chester Roh.
“They don’t need to. They just call you up and say
‘We’ll give you a good job.’”
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacles: Working Harder vs. Working
Smarter
*Get Advice*Get Feedback
*Carefully choose your Mentors
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Obstacles: Silicon Valley VC Feedback on
Korean Startups
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Advantage: Korea
Large MarketGovernment Money“Our economy can no
longer rely on the conglomerates. This is the 21st century. We need another instrument for economic growth.”
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Advantage: Korean Startups
“Engineers are smart, hard working, motivated, and cheap compared with the rest of the world”“Because the Korean market is
so competitive, it creates very capable people”
“I think Koreans accept new advances very quickly; for example, the iPhone spread very quickly here compared to other countries”“The market is not huge, but it’s a
perfect place to try a new business; companies can check to see if their service will work in a market in a very fast period of time”
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
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