fiji luncheon presentation

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