wesley chan managing director felicis ventures tpm 2017 ... · • managing director at felicis...

FELICIS PROPRIETARY INFORMATION

Wesley Chan Managing Director Felicis Ventures TPM 2017 Long Beach, CA

FELICIS PROPRIETARY INFORMATION

Wesley Chan – Brief Biography

1

• Managing Director at Felicis Ventures

• Special interest in logistics (e.g., investments in Flexport, Zipline)

through investing in hardware (e.g., Fitbit, Luma, Ring)

• Previously a General Partner at Google Ventures

• Founded and launched Google Analytics and Google Voice which

have hundreds of millions of users worldwide

• Awarded 16 US Patents for building Google’s early advertising

system

• Master’s in Computer Science, MIT

Bachelor’s in Electrical Engineering, MIT

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Featured Investments

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But those are mostly software companies…?

Why logistics?

1. HUGE market

2. Significant network effects

3. Almost untouched by the web

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1) Huge Market – $9 Trillion Industry

$9T Global

Logistics

Industry Spend

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1) Huge Market – Trade has contributed to significant global GDP growth

Source: The World Bank, 2015

%

2015

Trade (as % of GDP)

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2) Significant network effects lead to massive customer adoption Example

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2) Significant network effects lead to massive customer adoption

Thought:

What if we did this with partners in a supply

chain?

Example

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Why hasn’t the internet

fundamentally disrupted the global

freight

and logistics industry?

3) Barriers to Digitization

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3) Barriers to Digitization

Expertise Scale

• Customer Service

• Complexity

• Compliance

• Culture

• Access to the

Network of Assets

• Purchasing Power

• Price

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3) Barriers to Digitization

Expertise Scale User

Experience

• Customer Service

• Complexity

• Compliance

• Culture

• Access to the

Network of Assets

• Purchasing Power

• Price

• Technology

• Structured Data

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The Big Bet We’re Making

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Felicis Ventures’ Big Bet:

The new entrants we back

will become logistics companies

faster than legacy logistics companies

can become software companies.

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Wesley Chan @weschan

Q & A