fiji luncheon presentation
DESCRIPTION
Presentation for the February 11, 2014 Fiji Alumni Luncheon. The presentation covers the career and personal background of Martin Chvoj as well as an overview of the Mobile Industry and Angel Investing. For more information, please email Martin at [email protected].TRANSCRIPT
Martin Chvoj
Fiji Days
UW class of 1998
BA – Economics & Finance
Varsity tennis
Washington Student Athlete Advisory Board
Fiji Graduate liaison
Experiences
Graduate study at Oxford University
Lived & worked in Prague, CZ 5 years
Big W representative for Men’s Tennis
Compete in tennis, ski racing, bike racing
Extensive travel
Career
Followed an arc of curiosity and learning
Focus has been on product & mobile
Experience ::
Go2Net / InfoSpace – early content & mobile pioneer NCH – manufacturing Hitachi Consulting – management consulting AT&T – Product leader in messaging & data & devices INQ Mobile – Social mobile devices Currently – Technology platform to enable community Startup consulting / advising
INQ Mobile
INQ Mobile Devices
INQ Mobile Target Market
INQ Mobile Target Market
It is a consumers market today!
Currently
Mobile Industry Overview
Where is Mobile going? Operator revenue is shifting to data
Device market has consolidated to fewer players
Device connectivity will continue to grow
Entering a “connected intelligence” era
It is consumer driven market
4th wave of revenue Wave 1 :: voice Wave 2 :: messaging Wave 3 :: access Wave 4 :: mobile applications & services
4th Wave of Mobile
Mobile is a trillion dollar industry that will impact all other trillion dollar industries
Startups are disrupting the ecosystem
Players in the 4th wave ::
OTT / Applications (startups) Operators Infrastructure Devices
4th Wave Contenders
Size of the mobile industry
Mobile Data Revenue Growth
Shift in mobile revenue
Mobile ONLY revenue Zillow – 60% + queries mobile
Facebook – 50% mobile revenue, soon to be 75%
Pandora – 70% mobile revenue
Twitter – 50% mobile revenue
Square – 100% mobile revenue
Uber – 100% mobile revenue
Other with growing mobile revenue – Starbucks, Expedia, Nordstrom, etc.
Industries to be most disrupted
Angel Investing
Angel Investing Annual income of $90,000
Net worth of over $750,000
Comfortable amount of free cash flow
90% of angel investing is in companies of 20 people or less
250,000 angel investors in the US
Potentially as many as 2 Million investors in the US
Angels typically seek to own 5 – 25% of a business
Angels are active and seek a board seat or consulting role
Prepare for a 1 in 3 chance your investment will fail
Startup Resources Angel List - angel.co - where startups meet investors
Gust - gust.com – Global platform for startup funding and investing
Geekwire – www.geekwire - PNW startup & technology news source
Crunchbase – www.crunchbase - Directory of startups and funding activity
SURF Incubator – www.surfincubator.com - Incubator for startups & entrepreneurs
Seattle Angel Conference – www.seattleangelconference.com - Angel investing community in Seattle