Anis Uzzaman, General Partner & CEO of Fenox Venture Capital, presented as a keynote speaker at a seminar in Tokyo held by IMJ Investment Partners, one of the largest web development companies in Japan. Anis described some of the key challenges faced by Japanese startups in Silicon Valley and shared expert tips on how to succeed including:
 
1 ) Team management is essential for the success of any business. Entrepreneurs should utilize Facebook and other social media platforms to build a strong network and demonstrate teamwork with business partners, accelerators and consultants.
 
2 ) Learn from new business development strategies such as the lean startup model, a novel concept in Silicon Valley. The lean startup model allows entrepreneurs to gain valuable customer feedback by releasing their products in an early stage in order to improve their products in an efficient manner. The lean start up approach also allows entrepreneurs to shorten the product release cycle while simultaneously expanding users and markets.
 
3 ) Know your fund raising options. Working with a VC provides startups with a comprehensive support system in addition to capital such as networking, business strategy, consulting and various other advisory services. It is also important to know your exit strategy.
 

Challenges in Silicon Valley and Solutions Jun.29th, 2012 Source download:
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