Disrupting Japan

Today I am going to correct two big mistakes; one of my own and one of society's. I lot of listeners emailed me about the comments I made regarding how Japanese companies treat their employees and customers while they are pregnant. I got it wrong, so I would like to set the record straight. I also explain what I see as the obvious answer to the current #KuToo controversy. I realize that this puts me at serious risk of having to publish another retraction, but I think it's an important way of looking at this problem. Please enjoy, and let me know what you think. Leave a comment Transcript Welcome to Disrupting Japan, straight talk from Japan’s most successful entrepreneurs. I’m Tim Romero, and thanks for joining me. As expected, my crazy Google travel schedule has caused me reschedule some of my interviews, but I promise that I’ll get back to talking with some of Japan’s most amazing startup founders really soon. Today, however, I want to talk about the feedback I received from my recent discussion wi

There is big news for Tim and for Disrupting Japan this week. It's a very short episode, and I have no special links or show notes this time around. Please give the show a listen for the big reveal, and please accept my sincere thanks for all your support over the years. Disrupting Japan is just getting started. The best is yet to come. Leave a comment Transcript -- vintage news sounds -- This is a Disrupting Japan news flash. We are broadcasting live from Tokyo, Japan to bring you today’s breaking news. In just a few minutes from now, we will be witness to …. Hold on. Let me turn this thing off. OK. That’s better. So, this is the first episode of Disrupting Japan ever that has not been released early on a Tuesday morning Japan time, so as you might expect, something big is going on. In fact, this evening we’re announcing it at a press conference. Tomorrow you may be reading about it in news articles or blogs, but I wanted you to hear it from me first. Because you, the Disrupting Japan listeners, ar

There has never been a better time to be raising money in Japan than right now. Founders ask me about fundraising more than any other topic, so this guide is long overdue. There are links that cover the basics in the Show Notes, and I will be keeping this page updated as new information becomes available and members of the community create new resources. Calling something "The Ultime Guide" to anything is a pretty big claim, and I'll do my best to make sure this page lives up to it. Please enjoy. Show Notes Results of the "Why Meet a Founder?" survey Directories of Japanese VC firms Japan Venture Capital Membership Crunchbase's list of Japanese VCs The Bridge: not a directory, but a good source of Japanese funding announcements How to pitch like a Pro Dave McClure's original guide to pitching VCs - Very much substance over style The same information in a more readable format Dave's deck redesigned by people who do care about style What you need to put in your pitch deck - an

Technology is global, but ideas are local. The same IoT technology is being deployed all over the world, but a small Japanese startup might be who helps us make sense of it all. There is amazing work being done in user experience design, but most designers are operating with the contract of keeping users engaged. This is a fundamental shift from the traditional user-centered and functional design approaches. Today we sit down with Kaz Oki, founder of Mui Lab, and we talk about user design can actually improve our lives and help us disengage. We also talk about the challenges of getting VCs to invest in hardware startups, why Kyoto might be Japan's next innovation hub, and what it takes for a startup to successfully spin out of a Japanese company It's a great discussion, and I think you will really enjoy it. Show Notes How Japanese design philosophy informs user interface design How UI design got so bad Who are the early technology adopters in Japan Why VCs hesitate to invest in hardware compa

Technology develops differently in Japan. While US tech giants have been grabbing artificial intelligence headlines, a business AI sector has been quietly maturing in Japan, and it is now making inroads into America. Today we sit down again with Miku Hirano, CEO of Cinnamon, and we talk about how exactly this happened. Interestingly, Cinnamon did not start out as an AI company. In fact, when Miku first came on the show, the company had just launched an innovative video-sharing service. Today, we talk about what lead to the pivot to AI and why even a great idea and a great team is no guarantee of success. We also talk about some of the changing attitudes towards startups and women in Japan, the kinds of business practices AI will never change, and Miku give some practical advice for startups going into foreign markets. It's a great discussion, and I think you will really enjoy it. Show Notes How Miku invented TikTok before TickTok and why it didn’t work How you know when  its time to pivot a startu

Ari Horie has always had a different approach to supporting women entrepreneurs. She doesn't talk about "empowering" women and ...

Japanese enterprises are their own worst enemy when it comes to innovation. In this live panel discussion, I talk about my experience driving innovation at TEPCO, and Ion and Jensen share their experiences running innovation labs. This panel was part of the btrax Design for Innovation event in Tokyo last week. We talk about the specific challenges that Japanese companies are facing and the strategies we've used -- with varying degrees of success --  to help overcome them. Of course, like everyone else, I always remember the most important thing to say ten minutes too late, so I've added those thoughts to the outro at the end of the podcast. It's a great conversation with four people who really care about innovation in Japan, and I think you'll enjoy it. Links from the Panel Brandon Hill (moderator) Connect on LinkedIn Follow on Twitter @BrandonKHill the btrax homepage Tim Romero (me) You've already found me here, but we can connect on LinkedIn if you like. Or follow me on Twitter @ti

This year at CEATEC, I worked with Plug & Play Japan to bring on stage founders from two very different hardware startups. We talk in-depth about what it takes to be a hardware startup in a world where venture capital seems fixated on SaaS companies and software platforms.  Although their startups seem very different, Tomo Hagiwara and Keith Tan had very similar core experiences. Tomo and Keith share some great advice about raising money as a hardware startup, how to give large companies confidence that your product will meet their quality standards, and some pretty surprising answers to questions about the best way to go global. It's a great conversation, and I think you'll enjoy it. Links Everything you ever wanted to know about Crown Digital Learn about Aquabit Spirals Follow Tomo on twitter @hagi_w Friend him on Facebook Leave a comment

The promise of AI is easily understood by anyone with an imagination, and for 40 years, venture capitalists have been enthusiastically investing in that promise. However, it's been significantly harder for founders to turn that investment into sustainable business models.  Today we are going to look at why that is, and go over what might be a blueprint for startups to create business models around artificial intelligence. Tatsuo Nakamura founded Valuenex in 2006 with the goal of using artificial intelligence to supplement the work being done by patent attorneys, and their software was instrumental in the resolution of one of Japan's most famous, and most valuable, lawsuits.  the Blue LED patent case. We also talk about how to sell to large companies as a small startup, the challenges in trying to make product strategy based on technology, why staying private longer is not always a good thing for startups, and how Valuenex technology accidentally discovered a secret collaboration between Honda and Google.

Education is very hard to disrupt. That’s both good and bad. Education is so important to both individuals and society, it should not be changed on a whim, but over time it seems that our institutions of higher education have drifted away from meeting students real needs. Yoshito Hori, founder and CEO of Globis, is making radical changes. He turned a small training school into Japan's first independent and fully accredited business school with an MBA. Less than ten years later, Globis became Japan’s most popular MBA program. We talk about the need for change in education and about the successful, real-world pilot program Globis is running to modernize Japanese higher education. Yoshito also shares insights on how to teach innovative thinking and explains why such a high percentage of Globis MBAs go on to found starts or join them. It's a fascinating discussion and I think you'll really enjoy it. Show Notes Why most Japanese do not want to attend full-time MBA programs How to make an advanced degree

Ad-fraud is one of the most profitable activities for organized crime today. The scammers are sophisticated, disciplined, and numerous, and they might be using your IoT devices to rip people off. Over the past decade, there has been relatively little of this kind of cybercrime in Japan, but that's changing as the ad-fraud crime networks go global. Japan has to catch up and catch up fast. Unfortunately, Japan defenses have been rather poor. Today we sit down and talk with someone who is fixing that.  Satoko Ohtsuki is the founder and CEO of Phybbit, Japan's largest ad-fraud prevention network, and she's going to explain the biggest scam you've probably never heard of. Of course, we talk about the different kinds of ad-fraud and what is being done to combat them, but we also talk about how she was pushed into entrepreneurship, and the challenges of raising money (and raising children) as a female founder in Japan. It's a great discussion with one of the most interesting founders in Japan,  and I think you w

The robotics ecosystem in Japan is amazing. And confusing. It's a collection of crazy ideas, odd creations, and true breakthroughs. And despite the combination of fawning prise and snide skepticism that Japanese robotics evoke in the international press, only time can really separate the true breakthroughs from the dead ends. Today, we sit down with Tez Sawanobori, the founder of Connected Robotics, and we talk about how robots are being adopted in the restaurant industry here in Japan. Connected Robotics already has two lines of consumer-visible robots being used in restaurants in Japan, and the reaction from the owners, the employees, and the customers has been overwhelmingly positive and quite a bit different than similar experiments run in America. We talk about the strong economic and social pressures affecting the adoption of robots in restaurants and discuss the changes he had to make before chefs and robots can really work side by side. It's a great conversation, and I think you will really enjoy

Those of us who spend our lives working with startups live in a bubble. Whether you spend your days programming at a startup or investing in new ventures, you and I see things differently than “normal” people. It happens to everyone to some extent. We all tend to interact with people who are like us, who care about similar things and who work in similar industries, so of course, we frequently hear the same ideas and opinions.  The startup bubble, however, is particularly strong and particularly opaque. We founders have a bad habit of believing our own bullshit. Well today, we step outside our bubble and sit down with Mone Kamishiraishi, the star of the new film Startup Girls. We talk about what she learned as an outsider interviewing startup founders to get ready for her role, what most Japanese find surprising about founders and startup culture, and what Japan can do to to make starting a company more mainstream and accepted. It's a great conversation, and I think you will really enjoy it. Show Notes

I’ve got a special bonus episode for you this week. Last month I was part of a panel discussion hosted by Stanford University and the Japan Society of Northern California. It was part of this year’s Japan-US Innovation Awards, and it was a great conversation, so I thought I would share it with you. The panel was moderated by Dr. Richard Dasher and was a discussion between me and Allison Baum who is an investor and a prolific writer about startups and innovation. We talk about a surprising source of innovation in Japan, discuss why there are not more Japanese unicorns, and peer into our crystal balls to predict what Japan’s startup ecosystem will look like in three to five years. It’s was a great discussion, so I packaged it up for you as is, with no editing or commentary. I think you’ll really enjoy it. Leave a comment

Startup founders claiming their company is going to “change the world” has become a cliche. But rarely do we see a product that could clearly and significantly make someone’s life better. D-Free is one of those products. However...

Japanese university and government venture funds play a much larger role in Japan than in the West. I've always considered this difference to be, on balance, neutral, today's guest makes a convincing case that these funds are actually hurting the startup ecosystem here. Today we sit down and talk with Hiroaki Suga, co-founder of PeptiDream.  PeptiDream is now a $7 billion biotech company, but it started out as a couple of university faculty members funding operations out of their own pockets. PeptiDream succeeded by using a very different model than that used by either the current generation of university spin-outs or biotech startups in the West. It's an interesting blueprint that other biotech firms might want to copy, but only if they are really sure that their technology will actually work. It's a great conversation, and I think you will really enjoy it. Show Notes Japanese Univstities' problems with applied research The challenge in moving from academia to startup operations How to hire a CE

Startups and venture capital work differently in Japan. The rounds are smaller, the priorities distinct, and while the same terms are used, people quickly discover that the definitions are often subtly different. The game is played differently in Japan. Today we get a chance to clear up a lot of the confusion as we sit down with James Riney, founder of Coral Capital and head of 500 startups Japan. We talk about some of the most significant changes that Japanese venture capital has seen over the past five years, and we look at how things are going to develop going forward. James and I also break down the business model behind venture capital funds themselves. It's something that all serious startup founders should understand, but few do. It's a great conversation, and I think you'll enjoy it. Show Notes How venture funds raise funds Why Japanese banks and corporates are changing their attitudes towards Japanese startups The tradeoff between sector-specific and general VC funds What the hell is a

Startup culture has crazy and contradictory views about failure. As founders we are told to fail fast, but also to never give up. We are told to follow our vision, but be ready to pivot. Somehow this macho-bullshit culture of “I never really fail and ‘m not afraid of failure.” has become dominant amount founders. But it’s the result of denial. Trivializing failure is a way of not thinking about it’s effects. The truth is that failure sucks. Failure is painful. Failure ...

I’ve got a special bonus episode for you today. Last month, I moderated a panel discussion at Coral Capital’s “Bilingual’s and Gaijin in Startups” event.' Our panel focused on what foreigners should expect when working at Japanese startups and what Japanese startups should start doing to better support their international employees. It was a great conversation with four amazing people from four of Japan’s most interesting startups. Tetsuya Sawanobori of Connected Robotics Jordan Fisher of Zehitomo Takanori Sato of Shippio Tatsuo Kinoshita of Mercari This is a bonus episode, so the recording is straight off the board. There is no editing, no transcription, and no witty summary at the end alluding to the larger significance of the discussion. But a lot of good ideas were shared on stage, so I really wanted to share it with you. If you’ve ever thought about working for a Japanese startup, I think you’ll really enjoy this. Leave a comment

The idea of computers capable of reading our emotions and responding to them is both fascinating and terrifying. Will this technology serve us or manipulate us? Well, the speculation is ending because the technology not only exists, but it is being rolled out commercially. Today I'd like you to meet Hazumu Yamazaki, co-founder of Empath. Empath is a web-based API that detects human emotion from audio data, and its initial use in call-centers has shown a significant increase in sales. But as Hazumu explains, the potential effects are much larger. It's an enlightening conversation, and I think you'll enjoy it. Show Notes How emotion detection is being used in commerce How easy is it to emotionally manipulate us into buying something? The hardest thing to get right about corporate spinouts Why detecting emotions at scale will make money The true killer app for emotional recognition How startups can use pitch competitions & accelerators strategically How Japanese startup founders should act wh