wesley chan managing director felicis ventures tpm 2017 ... · • managing director at felicis...
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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
FELICIS PROPRIETARY INFORMATION 2
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
FELICIS PROPRIETARY INFORMATION
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
FELICIS PROPRIETARY INFORMATION
The Big Bet We’re Making
11
Felicis Ventures’ Big Bet:
The new entrants we back
will become logistics companies
faster than legacy logistics companies
can become software companies.
FELICIS PROPRIETARY INFORMATION
Wesley Chan @weschan
Q & A