Intro to FabFoundry - Ecosystem for Hardware Startups
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Transcript of Intro to FabFoundry - Ecosystem for Hardware Startups
Speed must be an ultimate weapon for startups
But “Speed” is Sacrificed by Micromanaging Subcontractors
Yeah, it's working!• Can be costly• Can be unstable• Can be ad-hoc components
All the products must work• Must have cost controlled• Must have quality assured• Must have components sourced
Why micromanaged?Few supply-chain experts are available
≠
We Democratize Supply-Chain Expertise
We connect the world’s best supply-chain experts to startups
Japan
China
Taiwan
S Korea
”Japan is a supply chain superpower” – Supply & Demand Chain Executive
Hardware Startups’ Buying Capacity Grows as $2.5B Invested in 2014 in US
http://blogs.wsj.com/venturecapital/2015/02/06/the-daily-startup-hardware-investments-increased-in-2014/
$1,000 $1,300 $1,700 $1,900 $1,900 $2,600$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
2009 2010 2011 2012 2013 2014Millions
CAGR: 21%
$400B Market
Source: Electronics market research firm IHS iSuppli
Outsourced electronics manufacturing worldwide in 2014
$2.5B InvestedVenture Investment in Electronics & Computer Hardware in U.S.
We Hire Experts to Connect Startups to Suppliers in Two Phases
Management fee• Controlled break-even
Capital gain• May be zero; Unreliable
Subscription from startups• Flat monthly fee to retain experts
Sponsoring/advertising• Suppliers promote solutions
Sales commissions• Success fee from suppliers
Phase 1
Build trusted Communityvia Seed AcceleratorPhase 2
Leverage Communityvia Online Marketplace
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Revenues
Building Community of Startups & Experts by Face-Face + Online
KyotoNYC
Startups meet experts
Startups connect experts to Community
Startups consult with experts on supply-chain
Experts come to NYC to promote suppliers
Seed Accelerator
Online Marketplace
Sponsored Events
Building Community
Experts
Suppliers
Startups
Strategic Partnership BringsFund & Experts to Community
• Seed Fund (~$50M)• Backed by 100+
factories w/experts• Helps Kyoto City to
partner with New York City on hardware startups
KyotoNYC
Startups meet experts
Startups connect experts to Community
Startups consult with experts on supply-chain
Experts come to NYC to promote suppliers
We take equity and a Board position
Seed Accelerator
Online Marketplace
Sponsored Events
Building Community
• Incubating 50+ hardware startups
• NYC’s initiative
In talks on strategic partnership
Team for Ecosystem Building
NOB SEKIFOUNDER & CEOSerial tech entrepreneur; ran & sold Six Apart; MBA from Carnegie Mellon
MITSU SUWACO-FOUNDER
Co-founder of FabCafe & its parent Loftwork; MA from SVA
MASA OKUNISHISR. ENGINEER
DevOps at ZocDoc; Founder of Japan NYC Startups Meetup
Started network of 300+ web agencies; connector of startups in Japan & USMD of Makers Boot Camp Led network of 25K+
creators; grew FabCafein 8 cities of 6 countries
Helped ZocDoc grow & scale; Grew meetup to 1000+ members in a year
Angel Investors to Date
Co-founded 3 tech companies, served as CEO of each. Led an IPO for Syntellect in 1990. Distinguished Career Professor of Entrepreneurship at Carnegie Mellon Univ. Nob’s Mentor
TOM EMERSONBOARD MEMBER
& INVESTOR
Director of KumonCenter of The New Institute for Social Knowledge and Collaboration at Tama Univeristy. Board member of Enish. Former Professor of the University of Tokyo
SHUMPEI KUMONBOARD MEMBER
& INVESTOR
Founder & CEO of Perspective Media. Media Advisor for LDP. Chief Editor for Nikkei Venture, MIT’s Tech Review Japan. New York’s Correspondent for Nikkei
HIDEHIKO KOGUCHIEXECUTIVE ADVISOR
& INVESTOR
Co-founder & CEO of GENOVA, digital solution agency specialized in medical industry. His company also made investment.
TOMOKI HIRASEINVESTOR
Co-founder & CEO of AIM, software & service company including music & live performance database
HIROYASU WATANABEINVESTOR
Milestones to Build MarketplaceAug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
AcceleratorBatch #1
MarketplaceUsability interviews
MarketplacePrototyping
2016 2017
Accelerator’s Application
AcceleratorBatch #2
MarketplaceTesting w/Batch #2
ExpertsTesting w/Beta TestersExperts
Hiring & Training
ExpertsTesting w/Batch #2
MarketplaceClosed Beta Testing
ExpertsPopup Shop in NYC
Prototype Marketplace + Hire & Train Experts + Accelerator
Partnership b/w Kyoto & NYC
Accelerator’s Application
We Build Community that is Trusted
Kyoto CityNew York City
Starting From Two Cities…
Nob Seki, [email protected]
Marketplace Demo
• https://invis.io/428H3WWQS
