Bangkok Entrepreneurs September Meetup Introduction Speech

September 10, 2012

Bangkok Entrepreneurs

• A Monthly Networking Event,• A Network of Entrepreneurs and Business People,• A Community:– Facebook Group– Linkedin Group– Bangkok-Entrepreneurs.com

• Join us and RSVP: http://www.meetup.com/Bangkok-Entrepreneurs

Started January 2012

Our Sponsors

Food PandaOnline Food Delivery

www.FoodPanda.co.th

InterActive ThailandLegal & Business Services

www.InteractiveThailand.com

Special Thanks to:

Service Provider Booths

• Who? Entrepreneur Service Providers:Accountant, Lawyer, Recruitment, Communication, etc.

• What? One dedicated booth per Service Provider.• Why? Opportunity for Entrepreneurs:

- Meet the Service Providers face-to-face,- Ask Questions,- Get Advices,- Do Business.

New!

Bangkok Entrepreneurs on Twitter

@BKKEntrepreneur

Ask your Question(s) to our Speakerson Twitter now!

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App

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Entrepreneurs” event• Click on “Join” and Check-In• See who is attending• Find them here and

start talking!

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Today’s Topic

• Thai Internet Market• 2 Successful Internet Entrepreneurs• 2 Different Visions• A Local who is Going Global• A Global that wants to Start Locally

Going Global #1

• South East Asia’s Largest Digital Media Network

• Started in Thailand• Now with offices in Thailand,

Singapore, Malaysia, Indonesia, Vietnam and the Philippines

• Sold to Komli Media (Indian Company) in Feb 2012

Going Global #2

• Digital Media Agency in Thailand and SEA.

• Started in Thailand• Now with offices in Thailand,

Singapore and Vietnam• Sold to STW Group (Australian

Company) in Dec 2011

Going Global #3

• Exclusive representative of Microsoft Digital Advertising Solutions (MDAS) in Thailand

• Started as an Advertising Agency for the Thai Market

• Now Managing MSN.co.th content• Now Managing and Promoting MSN

and Windows Live products in Thailand

Going Global #4

• Social Shopping Site• Daily Deals• Started in Thailand• Now with offices in Thailand,

Indonesia and the Philippines• Sold to Living Social (American

Company) in June 2011

Paul Srivorakul

• Co-Founder of DMS Group Asia (Syndacast, Admax Network, Impaq Interactive)• Co-Founder of NewMedia Edge • Co-Founder of AdMax Network • Co-Founder of Ensogo• Chairman at Ardent Capital (VC)

Successful Entrepreneur now investing in other people’s companies

Paul’s Presentation

“The Internet Entrepreneur”

How to be successful on the Internet Market,locally and globally.

From Global to Local #1• Clone of Amazon.com for Thailand.• New in Thailand, Only in Thai Language• Recruiting and Promoting Actively

http://www.businessweek.com/articles/2012-03-22/german-copycats-clone-amazon-dot-com

• Shoes & Fashion Clothes• Clone of Zappos.com for Thailand• New in Thailand, Only in Thai Language• Recruiting and Promoting Actively

• Online Food Delivery• Inspired by Food Delivery Websites• English and Thai for the Local Market• Recruiting and Promoting Actively

From Global to Local #2 & #3

Rocket Internet

• Officially:

• On Wikipedia: “Leading International Online Venture Builder”

Rocket Internet GmbH is an often-criticized German online startup incubator founded in Berlin in 2007.The company's business model is to clone successfulinternet sites, usually from the US (e.g. Groupon), andreplicate them in other countries (e.g. Citydeal in Germany).The sites are then often acquired by the original company (Groupon acquired Citydeal in 2010).

• City Deal (Daily Deals): Sold to Groupon for US $ 126 Million

• Alando (Market Place):Sold to e-Bay for US $ 50 Million

• Cember.net (Networking):Sold to Xing for US $ 6.4 Million

• Now running more than 50 Ventures in more than 40 Countries.

Rocket Internet

Rocket Internet

Controversial?• Clone Strategy: No Innovation• The “Blietz Krieg” (Lightning War) Strategy

(Source: http://techcrunch.com/2011/12/22/in-confidential-email-samwer-describes-online-furniture-strategy-as-a-blitzkrieg/)

– Start Several Countries at the same Time– Spend a lot of Cash, “Burn” the Market,– Hire from Competition , etc.

• “No Mercy” reputation, internally and externally• “I am the most aggressive guy on internet on the planet. I

will die to win and i expect the same from you! ”. Oliver Samwer, Rocket Internet Co-founder, in an email to a team.

Mark CleaverCo-Founder of Food Panda Thailand

Marks’s Presentation:

“Rocket Internet In Thailand”

Rocket Internet’s Strategy to be successfulon the Thai Internet Market

Today’s Program• 19:30 – Introduction Speech by the BKKE team• 19:40 - “The Internet Entrepreneur” by Paul

Srivorakul• 20:00 – Q&A• 20:15 – 15 min Break• 20:30 – 3 Day Start Up Event – Short Presentation by

Efraim Petterrson• 20:40 – “Rocket Internet” by Mark Cleaver• 21:00 – Q&A• 21:15 - Networking