Felicis Ventures TPM 2017 Long Beach, CA FELICIS PROPRIETARY - - PowerPoint PPT Presentation

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Felicis Ventures TPM 2017 Long Beach, CA FELICIS PROPRIETARY - - PowerPoint PPT Presentation

Oct 02, 2023 24 likes •161 views

Wesley Chan Managing Director Felicis Ventures TPM 2017 Long Beach, CA FELICIS PROPRIETARY INFORMATION Wesley Chan Brief Biography Managing Director at Felicis Ventures Special interest in logistics (e.g., investments in

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FELICIS PROPRIETARY INFORMATION

Wesley Chan Managing Director Felicis Ventures TPM 2017 Long Beach, CA

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Wesley Chan – Brief Biography

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  • Managing Director at Felicis Ventures
  • Special interest in logistics (e.g., investments in Flexport, Zipline)

through investing in hardware (e.g., Fitbit, Luma, Ring)

  • Previously a General Partner at Google Ventures
  • Founded and launched Google Analytics and Google Voice which

have hundreds of millions of users worldwide

  • Awarded 16 US Patents for building Google’s early advertising

system

  • Master’s in Computer Science, MIT

Bachelor’s in Electrical Engineering, MIT

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Featured Investments

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But those are mostly software companies…?

Why logistics?

  • 1. HUGE market
  • 2. Significant network effects
  • 3. Almost untouched by the web
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1) Huge Market – $9 Trillion Industry

$9T

Global Logistics Industry Spend

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1) Huge Market – Trade has contributed to significant global GDP growth

Source: The World Bank, 2015

% 2015

Trade (as % of GDP)

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2) Significant network effects lead to massive customer adoption

Example

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2) Significant network effects lead to massive customer adoption

Thought: What if we did this with partners in a supply chain?

Example

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Why hasn’t the internet fundamentally disrupted the global freight and logistics industry?

3) Barriers to Digitization

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3) Barriers to Digitization

Expertise Scale

  • Customer Service
  • Complexity
  • Compliance
  • Culture
  • Access to the

Network of Assets

  • Purchasing Power
  • Price
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FELICIS PROPRIETARY INFORMATION

3) Barriers to Digitization

Expertise Scale User Experience

  • Customer Service
  • Complexity
  • Compliance
  • Culture
  • Access to the

Network of Assets

  • Purchasing Power
  • Price
  • Technology
  • Structured Data
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The Big Bet We’re Making

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Felicis Ventures’ Big Bet: The new entrants we back will become logistics companies faster than legacy logistics companies can become software companies.

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Wesley Chan @weschan

Q & A