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The Korean Start-Up
                            World
                            May, 2012
W. Ryan Huddleston

wryanhuddleston@gmail.com
+82-10-5533-3042
Blog: http://ryanceoseminar.blogspot.com
Ryan Huddleston

               TWO years in Korea
               SEMINAR hosting
               experiences

               REPRESENTATIVE of
               Korean companies

               EXPERIENCE working at a
               Korean startup company

Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
My Experience with
                Korean Startups:
           1. Characteristics
           2. Obstacles
           3. Advantages

Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Verbal and Non-Verbal
                      Cues: Attitude




Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Hierarchy Confusion




                        Women as CEOโ€™s
                         Women as Managers
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Tied to Organizations




Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacles: English




Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacle: Early Stage
                           Capital




Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacle: Path to Follow



                                   ๏ต CUSTOMERS
                                             โ€ข Identify upcoming
                                   ๏ต PRODUCT   problems

                                   ๏ต TEAM            โ€ข Set Priorities

                                               โ€ข Align
                                   ๏ต BUSINESS MODEL the team

                                                               โ€ข
                                                   ๏ต FINANCIALS Measure progress over
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com   time
Obstacle: Path to Exit


     โ€œThe Chaebol donโ€Ÿt buy
     companiesโ€
                                 said Chester Roh.
                                โ€œThey donโ€™t need to.
                                They just call you up and
                                say

                                โ€žWeโ€Ÿll give you a
                                good job.โ€Ÿโ€
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacles: Working
                        Harder vs. Working
                             Smarter




       *Get Advice
         *Get Feedback
            *Carefully choose your
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Obstacles: Silicon Valley
              VC Feedback on Korean
                     Startups




Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Advantage: Korea



 โ€œOur economy can no
 longer rely on the
 conglomerates. This is
 the 21st century. We need
 another instrument for
 economic growth.โ€
Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
Advantage: Korean
                             Startups




Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
๊ฐ์‚ฌํ•ฉ๋‹ˆ๋‹ค



Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com

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Ajou University-Startups in Korea

  • 1. The Korean Start-Up World May, 2012 W. Ryan Huddleston wryanhuddleston@gmail.com +82-10-5533-3042 Blog: http://ryanceoseminar.blogspot.com
  • 2. Ryan Huddleston TWO years in Korea SEMINAR hosting experiences REPRESENTATIVE of Korean companies EXPERIENCE working at a Korean startup company Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 3. My Experience with Korean Startups: 1. Characteristics 2. Obstacles 3. Advantages Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 4. Verbal and Non-Verbal Cues: Attitude Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 5. Hierarchy Confusion Women as CEOโ€™s Women as Managers Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 6. Tied to Organizations Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 7. Obstacles: English Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 8. Obstacle: Early Stage Capital Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 9. Obstacle: Path to Follow ๏ต CUSTOMERS โ€ข Identify upcoming ๏ต PRODUCT problems ๏ต TEAM โ€ข Set Priorities โ€ข Align ๏ต BUSINESS MODEL the team โ€ข ๏ต FINANCIALS Measure progress over Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com time
  • 10. Obstacle: Path to Exit โ€œThe Chaebol donโ€Ÿt buy companiesโ€ said Chester Roh. โ€œThey donโ€™t need to. They just call you up and say โ€žWeโ€Ÿll give you a good job.โ€Ÿโ€ Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 11. Obstacles: Working Harder vs. Working Smarter *Get Advice *Get Feedback *Carefully choose your Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 12. Obstacles: Silicon Valley VC Feedback on Korean Startups Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 13. Advantage: Korea โ€œOur economy can no longer rely on the conglomerates. This is the 21st century. We need another instrument for economic growth.โ€ Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com
  • 14. Advantage: Korean Startups Copyright @Ryan Huddleston, http://ryanceoseminar.blogspot.com