206: Bay McLaughlin – Why Silicon Valley Must Pivot to Asia

206: Bay McLaughlin – Why Silicon Valley Must Pivot to Asia


 

Podcast highlights:

  • [06:35] Ignore the Greater Bay at your peril! What makes the Chinese Greater Bay different? Why do entrepreneurs need to get up to speed with The Greater Bay? Will Valley entrepreneurs who don't pay attention miss out?
  • [25:55] Brinc's 4 main AI investment themes: How I feel (medical and health technology to prevent foot amputations in diabetics), drone technology (optimizing palm oil plantation inefficiences in Malaysia and Indonesia), How I live (smart and safe cities) and how I move (transportation and drone technology)
  • [50:05] Local governments in China have incentivised sponsorship programs for foreign entrepreneurs. Is it time for Western entrepreneurs to check them out?

Podcast notes:

  • [00:08] Welcome Bay McLaughlin - ATP Stories with Graham D Brown. Bay is back in the ATP Studio to share updates on his world travels (he's heading to speak at SXSW), life in The Greater Bay and the latest news from his BRINC hardware accelerator.
  • [01:10] A short overview of the last six months
  • [02:40] An update of what is going on in the Greater Bay
  • [06:35] What makes the Greater Bay different? China's ability to cluster and focus that very few other countries have and Hong Kong's connectivity to the Western world
  • [09:48] An empowered vibe in Shenzhen with regards to entrepreneurship
  • [12:25] Bay's presentation at SXSW and how people are going to react
  • [15:30] A change in mindset for certain people, 'we are not the center of the world anymore'
  • [18:33] Start ups should be thinking how to globalise as early as possible
  • [20:05] Bay's experiences of getting his butt kicked by Asia
  • [25:55] The four main AI investment themes that have emerged: How I feel (medical and health technology to prevent foot amputations in diabetics), drone technology (optimizing palm oil plantation inefficiences in Malaysia and Indonesia), where I live (smart and safe cities) and how I move (transportation and drone technology)
  • [28:38] Are Chinese consumers more willing to yield their personal data?
  • [31:05] What is Quantified Self (QS)? How does Bay use QS?
  • [33:58] Microbiome testing in Quantified Self
  • [37:01] In the future, will creative ideas come out of San Franscisco and be handed over to the Greater Bay for the building phase?
  • [38:07] It's not about who makes the tech, but about 'product culture fit' versus 'product market fit'
  • [40:09] The new Polar Silk Road and how it will make Chinese businesses relevant to foreigners
  • [44:32] Bay's experience of being based in Hong Kong
  • [48:46] Advice for someone who wants to get started in Asia
  • [50:05] Local governments in China have incentivised sponsorship programs for foreign entrepreneurs
  • [53:08] Get connected with Bay McLaughlin on Twitter @betabay or website BetaBay.me