The first billion internet users entered the space using their PC´s. But the last four billion users will be mobile only, says innovation expert William Bao Bean in Tech in Asia, talking about the MOX demo days. To reach those billions, innovation startups also has to be mobile.
Tech in Asia:
MOX is a program by SOSV, a US-headquartered venture capital firm that invests in seed- and growth-stage tech startups. The difference is, it’s doing so through its own accelerators. The firm also operates IndieBio for biotech, Urban-X for smart cities, Food-X for restaurants, HAX for hardware, and Chinaccelerator for internet software.
“In the US and Europe, you have one billion people who started using the internet on PCs,” MOX managing director and SOSV partner William Bao Bean tells Tech in Asia. “In China, one billion people will soon be online, first on mobile – the largest mobile-only population in the world. That’s the next billion.”
MOX operates out of Taiwan and is about what William calls “the last four billion” – specifically Southeast Asia, Eastern Europe, and South America. MOX partners with one of William’s local investee companies, GMobi, which offers smartphone advertising services and a payment platform.
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