"APEC Start-ups Conference III: Global Thinking to Make Global Business Octubre 28-29, 2014" Bernard Moon's Keynote

1. Becoming a Global
Entrepreneur
Bernard Moon
Partner at SparkLabs Global Ventures
APEC Start-ups Conference III 2014: Global Thinking to Make Global
Business
October 28-29, 2014
Lima, Peru

2. "Your time is limited,
so don't waste it living
someone else's life."
S T E V E J O B S,
CO-FOUNDER OF APPLE

3. Overview
About SparkLabs (accelerator)
About SparkLabs Global Ventures
Qualities of A Global Entrepreneur
Characteristics of a World Class
Ecosystem

4. SparkLabs
Co-Founder of SparkLabs
The leading accelerator in Asia
Standard accelerator model like YC and
Techstars. Invests $25,000 for up to 6%
Based in Seoul, South Korea
Applicants from over 20 countries
Companies accepted from the U.S., Japan,
China and Singapore.

5. SparkLabs
Co-Founder of SparkLabs
The leading accelerator in Asia

6. SparkLabs Global
Co-Founder of SparkLabs Global Ventures
New $30M global seed-sage fund
Invested in 36 startups since Oct. 2013
Partners in Silicon Valley, London, Tel Aviv, Singapore,
Seoul and Chicago

7. SparkLabs Global
Our Team
All former or current entrepreneurs
Former CFO of Nexon, a leading online gaming
company in Korea with a $5 billion market cap
Facebook's first international & mobile executive
Invested in Siri (sold to Apple), Spotify, Studio Ex
(sold to Disney), OpenFeint (sold to GREE), and
others
Built a top 5 global hosting company, Best Handset
at Mobile World Congress 2009, SaaS product
recognized in BusinessWeek's "Best of the Web"
List

8. SparkLabs Global
What We Look For at the Seed-Stage
Team
Product
Market
50%
25%
25%

9. SparkLabs Global
What We Look for in Founders
Ramen Mentality
Execution People (Doers vs.
Talkers)
Ethical
Teachable (ability to listen)
Persistant (is he/she a hustler?)

10. SparkLabs Global
"Ideas are commodity. Execution of
them is not."
Michael Dell, Founder & CEO of Dell
Don't be paranoid about protecting your
idea
For every person with an idea, there are
ten others with the same idea!
It's ALL ABOUT EXECUTION

11. Global Entrepreneurs
Characteristics
Bilingual
Ability to Navigate through
Different Cultures
Research/Listen to Target Users
and Market Trends

12. Global Entrepreneurs
Characteristics
Hustle Outside of Home Market
"If you’re going through hell,
keep going."
Winston Churchill

13. World Class Ecosystem
Characteristics
Engineering Talent
Generations of Entrepreneurs (mentors)
Technical Infrastructure
Funding Ecosystem & Exits
Startup Culture
Legal & Policy Infrastructure
Government Policies & Programs

14. "Fall seven times and
stand up eight."
Japanese Proverb

15. World Class Ecosystem
Changing the Culture Against Failure
Common trait in Korea and Asia is to
fear failure
Cultural and Legal/Finance Reasons
Be Smart and Bold as You Plan to
Start

16. World Class Ecosystem
Pay-It-Forward Culture
Secret Sauce of Silicon Valley's
Success
Mentorship is the Most Quoted
Reason for Startup Success

17. World Class Ecosystem
Path for Peru?
Build on Your Strengths
Learn to Code
Learn to Design
Target Bigger Markets (Israeli Model)

18. "The way to get started
is to quit talking and
start doing."
Walt Disney