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CHANGING THE RULES: GLOBAL, TRANSPARENT AND NETWORKED MODELS TO MAKE BUSINESS Jouko Ahvenainen Grow Venture Community Singapore – Infocomm Industry Forum October 28, 2010

Infocomm Industry Forum, Singapore 2010 10-28

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Page 1: Infocomm Industry Forum, Singapore 2010 10-28

CHANGING THE RULES:GLOBAL, TRANSPARENT AND NETWORKED MODELS TO MAKE BUSINESS

Jouko AhvenainenGrow Venture CommunitySingapore – Infocomm Industry ForumOctober 28, 2010

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Grow VC - Everyone funding startups

FROM 2005 TO 2010From distruption to networks

www.growvc.com2

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The Network Society: Networks cause a comprehensive restructuring of society at large, they are breaking old models of organization.

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2005 - 2010YouTube

20 hours video every 60 secs of every day

Facebook500 million users

eBayOver a Million people make their living there

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Dis

rup

tion

http://www.flickr.com/photos/naum/1639496461/

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Facebook mobile

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Google tv

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…this networked society thing is a vu jade experience

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The industrial age is over!Myspace:

Destroyed by News Corp

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Grow VC - Everyone funding startups

WHO SAVES OUR ECONOMY

Growth is needed

www.growvc.com10

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Startups ARE the KEY to Growth

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Yet early phase funding exists in a dysfunctional system

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Current Venture Capital market

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WE HAVE A DREAM:more equal opportunities,

where entrepreneursand private investors unite

to accelerate innovation

WE HAVE A DREAM:more equal opportunities,

where entrepreneursand private investors unite

to accelerate innovation

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Networked solutions =new frameworks

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“You don’t have to be Steve Jobs, to be an entrepreneur”

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”You don’t have to beBill Gates to be

an investor”

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”Everyone must start somewhere”

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globaltransparent

opencollaborative

efficient

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Trust Economy

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Grow VC - Everyone funding startups

VIRTUAL SILICON VALLEYCrowd-funding

www.growvc.com21

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Vir

tual S

ilico

n V

alle

y

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Grow VC: everyone funding start ups

Professional venture capital funds have become less relevant to the financing of innovation for the time being

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Vision The next Silicon Valley is not a location, it is a

platform and community on the Internet

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Grow VC - Everyone funding startups

P2P and Crowd-fundingvia Community Investments

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Grow VC - Everyone funding startups

Match-making and negotiation tools

for private investments

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Grow VC - Everyone funding startups

Professionalservice investments

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Over 6,000 registered members

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approximately 1,200 startups

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total investment money over$20M USDPeople allocate money in startups andinvest in Community Fund

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the first local network started 3 months ago in India, already now almost 1,000 members and cooperation with local angel networks and VC’s

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more local networks are coming in Asia, America, and Europe

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Grow VC China10.10.10

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Grow VC - Everyone funding startups

DISTRUPTION IN FINANCEWe are not alone

www.growvc.com34

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Kiva.org transactions

well over $100 Million

in 4 years

Platform Model Crowdfunded

Prosper Peer to peer lending

$210 M

Lending Club

Peer to peer lending

$170 M

Kiva Microcredit $165 MZopa Peer to peer

lending$160 M

Kickstarter Supporting $20 MMyC4 Microcredit $17 MSellaBand Supporting $4 MIndieGoGo Supporting $3.5 MBetterplace Donating $3.5 MRocketHub Supporting  Pifworld Donating $0.2 MKapipal Donating $0.1 M

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Mobile Banking

Mobile Banking

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8 million subscribers

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2010, M-PESA transferring close to 150M Euros per day, a figure that would put M-PESA transfer business ahead of that run by Western Union

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txteagle workers are paid via MPesa

txteagle

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Why must you wait and pay when you transfer your own money over borders

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Networked - banking

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Grow VC - Everyone funding startups

ARE WE READY FOR THISSo what

www.growvc.com43

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WTF!?The quiet revolution of networks

& cooperation

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Trust networks challenge outmoded models of control

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Read & write, participatory, conversational: markets are conversations, marketing is a conversation, business is a social science!

A new language:

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Co-creation + networked economics + communities of interest can be and are, proven & powerful platforms and processes to stimulate innovation and commerce

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VelocityLightweight

FlexibleAdaptive

Enabling platforms

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OpenOpen platforms

Open API’sOpen legal frameworks

Global

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Once upon a time “we” were atomized but connected up to large organizations and big media – today that power is eroding…

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Acultural

challenge

…for corporates…for governments…for human beings

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To resist will lead to

financial and organisational

exhaustion

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Grow VC - Everyone funding startups

Grow Venture Community

Where do YOU start...?

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Grow VC - Everyone funding startups

Jouko [email protected] (UK): +44 7889 833 165Tel (HK): +852 8120 7854Tel (US): +1 415 287 0854Skype: jahven - Twitter:@jahven

www.growvc.comTwitter: @growvc

Podcast: “Grow VC” in iTunes