[premoney mena 2015] 500 startups >> edith yeung,"dialing up returns: the complete guide...
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The Complete Guide to Evaluate a Mobile Startup Edith Yeung (@edithyeung)
Edith Yeung is a Partner at 500 Startups’ Mobile Collective, focusing on investing in mobile apps and consumer internet startups. Before 500, Edith was the VP of marketing & business development for Dolphin Browser. Dolphin Browser is a Sequoia-backed mobile browser with over 150 million installs worldwide. She also founded RightVentures - seed stage investment firm focusing on mobile and consumer internet companies. Prior, she led many operation roles at Oracle, Siebel, AT&T, Symantec, Telstra, Cisco, Autodesk, etc.
Why should you care about mobile?
Mobile unicorns kick ass!
105 mobile internet unicorns’ total enterprise value ~ $839 billion
Source: Digi-‐Capital -‐ h3p://www.digi-‐capital.com/news/2015/11/mobile-‐internet-‐stocks-‐down-‐15-‐unicorn-‐valuaBons-‐drop-‐by-‐average-‐1-‐billion/#more-‐1049
85% mobile internet unicorns came from US & China – Q3 2015
Source: Digi-‐Capital -‐ h3p://www.digi-‐capital.com/news/2015/11/mobile-‐internet-‐stocks-‐down-‐15-‐unicorn-‐valuaBons-‐drop-‐by-‐average-‐1-‐billion/#more-‐1049
1. United States 2. China 3. India 4. Japan 5. South Korea 6. Israel 7. Sweden 8. United Kingdom 9. Germany 10. Finland 11. Denmark 12. France 13. Singapore 14. Malaysia
7 sectors made up 90% of total mobile internet enterprise value – Q3 2015
Source: Digi-‐Capital -‐ h3p://www.digi-‐capital.com/news/2015/11/mobile-‐internet-‐stocks-‐down-‐15-‐unicorn-‐valuaBons-‐drop-‐by-‐average-‐1-‐billion/#more-‐1049
1. Social, 2. mCommerce 3. Transport 4. Finance 5. Messaging 6. Games 7. Food & drink
Growing Mobile Startups is Tough
Growing Mobile Startups is Tough • Mobile marketing is tough. ASO vs SEO. • Mobile engagement is tough. MAU, DAU, Churn • Mobile monetization is tough. Mobile CPM is still
relative low. • Mobile payment is still not 100% ready. iOS users still
worth more than Android users. • Device fragmentation. iOS or Android first? • Big guys are all eating your lunch. Tough to find
opportunities that Facebook, Apple, Google, Amazon, Baidu, Alibaba and Tencent are not working on.
How to evaluate a mobile deal?
A few questions you might want to ask…
Mobile marketing is tough. How to market your app? What is your CPI & CPA ? Top 10 ways to market your apps 1. Cross promotion – partnership or
your own app 2. App Store Optimization 3. Banner ads 4. Social campaigns 5. Email campaigns 6. PR 7. Video ads 8. Interstitial ads 9. In-app viral campaign 10. Web organic search
Source: Venturebeat -‐ h3p://venturebeat.com/2014/12/08/mobile-‐acBon-‐releases-‐free-‐app-‐store-‐opBmizaBon-‐and-‐intelligence-‐toolbox/
Mobile engagement is tough. How do you retain your users? 1. How to keep them coming back?
• Push notification • Emails
2. What is your DAU? 3. What is your MAU? 4. What is your churn? 5. What is your life time
Source: h3p://www.spaceotechnologies.com/make-‐a-‐great-‐mobile-‐app/
Mobile monetization is tough. How will you make money? What is your ARPU/LTV? 1. Advertising 2. Subscription 3. In-app purchase 4. Affiliate 5. Driving installs for other
apps
Source: h$p://epaperbird.com/
Mobile payment is tough. How would you collect money?
1. Apple iOS 2. Google Pay 3. Carrier billing 4. Paypal / Alipay / Stripe /
Tenapy
Source: h$p://epaperbird.com/
Android vs iOS. What platforms would you choose to start and why?
Android dominated the market with an 82.8% share in 2015 Q2.
Source: IDC -‐ h$p://www.idc.com/prodserv/smartphone-‐os-‐market-‐share.jsp
How to find the right deal?
A few good tools for evaluating mobile deals 1. Mobile Action (https://www.mobileaction.co) 2. Apptopia (https://www.apptopia.com/) 3. App Annie (https://www.appannie.com/cn/) 4. CBInsights (https://www.cbinsights.com) 5. Mattermark (http://mattermark.com) 6. Angellist (https://angel.co) 7. Industry & local experts (https://edith.co)
A few more thoughts in finding deals… 1. Find your co-investors & make friends ☺ 2. Partner up with industry experts 3. Identify top talents (from your country) with unicorns experience 4. Identify first clone opportunities in your region 5. Do your research – on industries, categories, person, competitors,
and many more. 6. Stay on top of the latest mobile trends. Subscribe to Edith’s
newsletter ☺ 7. Invest in category leaders (not followers)
A few thoughts in evaluating people • Resiliency • Visionary • Curiosity • Product vision • Fearlessness • Resourcefulness • Charisma • Commitment • Man or Woman of their word
A few more mobile trends…
Virtual Reality is the Future
Internet of Everything The Internet of Things (IoT) is the network of physical objects or "things" embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data.
Source: Chris McCann h3ps://medium.com/@mccannatron/esports-‐market-‐ecosystem-‐map-‐c6ae5bc6a7d0
eSport eSports is big, bigger than you imagine. 27M people watched the final League of Legends event vs. 19.9M viewers watched the full 6 game series of the 2015 NBA finals
Source: Chris McCann h3ps://medium.com/@mccannatron/internet-‐of-‐things-‐iot-‐market-‐ecosystem-‐map-‐28a73d1393f
Messaging is eating the world
Next 5 Years of Mobile innovation will come from Asia, not Silicon Valley.
You can have your mooncake and eat it too.
You can find my presentation at: • Deck http://www.edith.co/#blog • Email edith@500.co • Twitter @edithyeung • Newsletter http://www.edith.co/#newsletter
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