@joshsteimle Why Hong Kong? Expanding
your business to Asia

@joshsteimle
Challenges

@joshsteimle
NoWalmart

@joshsteimle
NoAmazon

@joshsteimle
NoCostco

@joshsteimle
Education System
$25K/yr forprivateschool

@joshsteimle
Summers =Hot&Humid

@joshsteimle
Timezones
NYCis12-13hoursdifferent

@joshsteimle
DidI mentionthere’sno
Amazon?

@joshsteimle
Butit’sall manageable.

@joshsteimle “Thosewho havea'why' tolive, can
bearwith almostany‘how'.” —ViktorFrankl

@joshsteimle
Why live in HongKong?

@joshsteimle
First,why Asiaatall?

@joshsteimle
Massivepotential,that’s
why.

@joshsteimle 4.3Billion Asia Population,2013 Source:
http://www.worldpopulationstatistics.com/asia-population-2013/

@joshsteimle 4.9Billion Asia Population,2030 Source:
http://en.wikipedia.org/wiki/World_population

@joshsteimle 525Million Asia MiddleClass,2013 Source:
http://www.ey.com/GL/en/Newsroom/News-releases/News_By-2030-two- thirds-of-global-middle-class-will-be-in-Asia-Pacific

@joshsteimle 3.1Billion Asia MiddleClass, 2030
Source: http://www.ey.com/GL/en/Newsroom/News-releases/News_By-2030-two- thirds-of-global-middle-class-will-be-in-Asia-Pacific

@joshsteimle
9.4%
Asia-PacificInternetPenetration,2005
Source: http://www.itu.int/en/ITU-D/Statistics/Pages/stat/default.aspx

@joshsteimle
38.8%
Asia-PacificInternetPenetration,2015
Source: http://www.internetworldstats.com/stats3.htm

@joshsteimle 344 Million Asia-PacificInternetUsers,2005 Sources:
Internet Telecommunications Union http://www.itu.int/en/ITU-D/ Statistics/Pages/stat/default.aspx, We Are Social SG http://wearesocial.net/blog/ 2013/03/state-social-asia-march-2013/

@joshsteimle
1.56Billion
Asia-PacificInternetUsers,2015
Source: http://www.internetworldstats.com/stats3.htm

@joshsteimle 0 Asia-Pacific MobileInternetUsers,2005 Sources:
Internet Telecommunications Union http://www.itu.int/en/ITU-D/ Statistics/Pages/stat/default.aspx, We Are Social SG http://wearesocial.net/blog/ 2013/03/state-social-asia-march-2013/

@joshsteimle 1.02Billion Asia-Pacific MobileInternetUsers,2015 Source:
http://www.emarketer.com/Article/Asia-Pacific-Boasts-More-Than-1- Billion-Smartphone-Users/1012984

@joshsteimle
SoWhy HongKong?

@joshsteimle
Location
1/2worldpopulationwithin5 hrflight.

@joshsteimle
Shenzhen 1hraway
HongKonguniquelypositioned
forIoT,hardwarestartups.

@joshsteimle
Incorporation
Donein 1hour.

@joshsteimle Startup Support Vibrant,friendlycommunity, helpfulgovernment(mostofthe
time).

@joshsteimle 83.48years Highestlifeexpectancyworldwide Source: World
Bank, Last updated: May 7, 2014

@joshsteimle Safety You won’tbemugged,but becareful
jaywalking.

@joshsteimle 2ndFastest Internet AvgMbps:16.8.Internetspeedshave increased37%overthe
lastyear. Source: Akamai State of the Internet Report, Q4, 2014

@joshsteimle
LegaltoKillHusband

@joshsteimle LegaltoKillHusband If he’scheating,andwife uses
bare hands.

@joshsteimle
WhatisHongKong?

@joshsteimle
266islands

@joshsteimle HongKong SAR (Special AdministrativeRegion;
One Country,TwoSystems)

@joshsteimle
<25%landdeveloped
Lotsofgreen space.

@joshsteimle
Pop.7.15million

@joshsteimle
StartingaBusinessin
HongKong

@joshsteimle
Immigration
Typically2-3monthwait.
Startup visaavailable.

@joshsteimle
OfficeSpace
Most startupsusecoworkspaces.

GarageSociety

Blueprint

TheHive

Paperclip

WYND

CoCoon

@joshsteimle Banking Canbea pain,justlike everywhere
else.

@joshsteimle
SeedCapital
Plentifulangelinvestors,
accelerators, pitchevents.

@joshsteimle
VentureCapital
Improvingallthetime.

@joshsteimle
Living in HongKong

@joshsteimle
July
Wettestmonth

@joshsteimle Healthcare Socialized (“free”)butformore seriousissues
you’llprobablymay wanttopayforaprivatehospital.

@joshsteimle
CostofLiving?
Expensive,butmanageable.

@joshsteimle
Language
Englishand Cantoneseboth
officiallanguages.

@joshsteimle
Transportation
Bestsubwayin theworld,super
cheapandplentifultaxis.

@joshsteimle
Outdoorlifestyle
Hiking,trailrunning,swimming,
camping,boating,fishing,etc.

@joshsteimle
Questions?
Twitter: @joshsteimle
Blog:joshsteimle.com