Tokyo-based Nana Music, the Japanese startup offering the freemium social music collaboration app Nana, announced last week that they have begun offering the paid subscription service “Nana premium” for iOS users. For 580 yen a month (about $5.80 US) users will have access to added functions such as searching based on how much ‘applause’ (similar to ‘likes’ on Facebook) a song has, new effects, and the ability to pin favorite sounds at the top of their “My Page” feed. The company plans to offer additional new features to paying subscribers in the future.
Nana is a social network that allows users to combine accompaniment tracks, voice tracks, etc. to form entirely new music content.
As of August this year, according to CEO Akinori Fumihara, since the launch in November of 2012 31 million songs have been posted, with over 1.1 billion views, and registered users totaling more than 2.5 million. If they continue to grow at this rate, by January of next year it is likely the number of users will reach 3 million.
Nana’s user growth Image credit: Nana Music
He said:
Our users sing and then post it; then that gets shared and brings in followers, this cycle is what’s powering our growth. But there is a hurdle we’re really trying to overcome. As a result of not getting any information at registration, without really understanding (how the app works), some users are suddenly being cast out of Nana’s community and end up withdrawing entirely.
The company understands their user base is young, that the contents tends to be centered around Vocaloid and anime songs, and that people who feel intimidated do not assimilate, so they have come up with features such as categorizing groups, and the ability to personalize based on individual information.
Some of Nana Premium’s additional functions Image credit: Nana Music
So, how far will they grow from here?
Fumihara noted that no matter how hard you try 30 million users within Japan is the upper limit, so overseas expansion becomes necessary.
Currently around 70% of our users are domestic, but we’d like to reverse that. Now, we have a lot of users in Thailand and North America, and soon this momentum should lead to nearly 40% of Spanish speaking countries (using Nana). It’s the result of using APO (app search optimization) and focusing on Android.
In Japan, users who play instruments have begun collaborating on songs, adding in the voices of people who want to sing, leading to an increase in contents. The company believes that if they try a similar approach, “because singing is non-verbal” a direct deployment in foreign countries is possible.
In regards to charging for services, initially they considered a tipping model, but in the midst of a variety of advice, they chose the current model.
He added:
There was a conflict over monetization. On the business side, we are doing advertising campaigns aimed at corporations, and while there are a variety of directions we could take, I had the thought that I couldn’t support a community along with these zealous people. In order to make an even more convenient, enjoyable world for music lovers I feel like maybe the best way is to do it together with them.
I came away with the impression that, having looked after the Nnana community for a number of years now, this business model suits him.
Translated by Amanda Imasaka Edited by Masaru Ikeda
See the original story in Japanese. A former student entrepreneur has returned to the startup scene in order to challenge global issues. In 1995 Takeshi TED Homma was a student entrepreneur working with the early internet doing web design and development. He followed this by playing active roles at Sony and Rakuten, and recently talked with The Bridge about a new startup he is working on. HOMMA, the startup, tackles issues related to “the home.” As is written on their website “Redefining our standard of living,” it is an ambitious project to create a new vision of the future with regards to the necessities of life. Homma had never contemplated a return to entrepreneurship, but a single opportunity presented him with the chance to get back to the startup world. He said: I was thinking of buying a house, but it would take few years to complete. That’s a few years. In Japan it would only take a matter of months. And what’s more, it would be very expensive. I tried to find a solution, thinking there must be one. But no. That’s what got me thinking. But it would take Homma nearly 2 years to reacclimate himself back into…
A former student entrepreneur has returned to the startup scene in order to challenge global issues.
In 1995 Takeshi TED Homma was a student entrepreneur working with the early internet doing web design and development. He followed this by playing active roles at Sony and Rakuten, and recently talked with The Bridge about a new startup he is working on.
HOMMA, the startup, tackles issues related to “the home.” As is written on their website “Redefining our standard of living,” it is an ambitious project to create a new vision of the future with regards to the necessities of life. Homma had never contemplated a return to entrepreneurship, but a single opportunity presented him with the chance to get back to the startup world.
He said:
I was thinking of buying a house, but it would take few years to complete. That’s a few years. In Japan it would only take a matter of months. And what’s more, it would be very expensive. I tried to find a solution, thinking there must be one. But no. That’s what got me thinking.
But it would take Homma nearly 2 years to reacclimate himself back into the entrepreneurial world.
He continued:
Is this really necessary? Is there no solution? Since there was no need to rush I focused intensely on preparing. At the same time, I never went so far as to say this about the entrepreneurial pursuits of my 20s, but somewhere I think maybe there was a part of me doing it for self-actualization too. But this time I had a clear vision and that’s how the decision came to me to spend what’s left of my life doing something for society. So that’s why I’m doing this.
The vision of a new lifestyle, especially the innovation of daily living, is what convinced the self-questioning Homma.
He added:
It took 100 years for the telephone to become the iPhone. 100 years later and Ford cars have evolved into Tesla. But what about homes? Have they changed in 100 years?
Homma used the phrase “a housing version of Tesla” so that even I could easily understand his meaning, but with just 5 words the view of the world that he is trying to achieve spawned endless possibilities. He originally began due to the fact that houses are expensive and take years to finish, but solving these problems will result in “homes becoming more fun”.
Their task is to make houses smart. If their goal is to summit the mountain, they are still at the foot, perhaps having approached the first station.
Regarding funding, Mistletoe, B Dash Ventures, Genuine Startups, 500 Startups Japan, East Ventures, Draper Nexus, and architectural firm KMDW participated in the seed round. The prominent lineup of individual investors starts with Hiroshi Mikitani (co-founder and CEO of Rakuten), and includes Tomohito Ebine (founder of Opt), Shintaro Yamada (CEO of Mercari), Hirokazu Mashita (founder and director of m&s partners), Hiroaki Yasutake (former managing executive director of Rakuten), Kotaro Chiba (co-founder of Colopl), Hollywood-based film producer Masi Oka.
The company raised $4.1 million in capital. This is an extraordinary amount to raise at the seed stage for a Japanese startup, but is appropriate when you consider them trying their hand on the world playing field. Furthermore, he is gathering members that sympathize with his vision who joined from companies such as Apple, Tesla, Amazon and Disney. Their current team of 7 members is working full time to prepare their product at their headquarters in Silicon Valley.
So, what image of the future are they trying to paint? What is their current situation?
As they are in stealth mode, and also currently still verifying whether the product lives up to Homma’s vision of the “new home,” a precise answer to these questions will take a little more time. However, he was able to talk about challenges with current devices for so-called “smart homes.”
He said:
The so-called ‘smart home’ market is a power struggle between big players like Google, Apple, and Samsung. As a result there are lots of apps and plenty of devices too. I’ve tried them out, but after taking out my smartphone and opening an app that shows battery level, the login screen comes up. (And I think) ‘So, when is the battery going to run out?’
If you ask Homma, at the moment the solutions are not at all useful, and there are three big problems to consider with the current smart home market.
He continued:
First, with smart homes you always have the issue of controls. But this is merely a discussion of on/off and adjustments. Not interesting at all. Next, the level of integration is low. For example, you add a thermostat, but the cooperation with the house is low. As a result we’re not able to do much. Finally, the third problem is communication. If you have 100 smart light bulbs and replace the router, you have to reset everything from scratch. If you use all-purpose Wifi and BLE problems in stability will arise.
Homma disclosed that if he had to choose one way of advocating smart home platforms, as opposed to the direction of horizontal development that Samsung chose in acquiring SmartThings for $200 million, he envisions a model similar to Apple’s or Tesla’s where everything from devices to software are vertically integrated. However, he intercedes that in everything there are a series of stages to go through to achieve goals.
He explained:
Time is the problem. For example, to build a house from ground up takes a long time. We have to think about it together with a scalable deployment. Take the iPod as an example; first, you make the software and the rest comes along after that, or Tesla that started by developing batteries.
But while listening to him speak I couldn’t help but imagine a lifestyle like those portrayed in 2001: A Space Odyssey or works by Osamu Tezuka. With childlike excitement that I couldn’t contain, I felt that I want to experience it as quickly as possible, and now Homma and his team are preparing to make it real.
It takes a little more, for Homma as well, to imagine the collection of big data, that is mass data taken from sensors, from these houses. But, with this as a basis, houses using artificial intelligence for home controls are something he is conscious of. In the past, this field has seen challengers in the area of communication robots here and there, with voice recognition controls by major home appliance makers and more recently in Vinclu’s Gatebox.
In other words, you arrive home and when you announce, “I’m home,” a robot turns on the lights while scanning your face for user recognition, and then uses your social data to recommend your favorite TV show–this is a glimpse of the world view. On top of allowing this to more fully develop, they will more intimately integrate with “the home itself.”
Maybe an autonomous driving house. — To borrow Homma’s words, perhaps in the future we may come into contact with such a product.
The reasons for focusing on Silicon Valley while facing the world playing field are its continued growth in population, high talent level of the population, and Homma remarked whoever is left standing here can become the “world standard.”
Nearly 20 years have passed since his days as a student entrepreneur.
Actually, I really thought someone would appear and solve this problem. But no one showed up so I’m going to do it.
Homma said this with a gleam in his eye, like someone ready and even eager to tackle all future obstacles.
Translated by Amanda Imasaka Edited by Masaru Ikeda
See the original story in Japanese. Kibow, a Singapore-incorporated startup with headquarters in Tokyo developing a mobile sports betting app, announced this week that they have acquired a betting license from the British government’s Gambling Commission. The company had previously acquired a betting license in the Philippines, but from here on out in acquiring a license from the UK (considered the home of betting) they will be able to dive headfirst into preparations for their service launch. The exhilarated Kibow CEO Fumitada Naoe said, Piggybacking off of Nike (NYSE:NKE), we want to see ourselves in such a position within 10 years of inception. In reference to the acquisition of a betting license in the UK he remarked, unable to hide his joy, “It doesn’t get much better for us. In terms of soccer, it’s like we were granted access to the Premier League.” In order to eliminate anti-social elements, through certification by the Gambling Commission based on a thorough check of the integrity of the company, Kibow is now able to begin their overseas operations, starting with the UK, by triumphantly entering into the fantasy sports and sports betting worlds. The review of the 2020 Tokyo Olympics boat and canoe…
Kibow, a Singapore-incorporated startup with headquarters in Tokyo developing a mobile sports betting app, announced this week that they have acquired a betting license from the British government’s Gambling Commission. The company had previously acquired a betting license in the Philippines, but from here on out in acquiring a license from the UK (considered the home of betting) they will be able to dive headfirst into preparations for their service launch.
The exhilarated Kibow CEO Fumitada Naoe said,
Piggybacking off of Nike (NYSE:NKE), we want to see ourselves in such a position within 10 years of inception.
In reference to the acquisition of a betting license in the UK he remarked, unable to hide his joy, “It doesn’t get much better for us. In terms of soccer, it’s like we were granted access to the Premier League.” In order to eliminate anti-social elements, through certification by the Gambling Commission based on a thorough check of the integrity of the company, Kibow is now able to begin their overseas operations, starting with the UK, by triumphantly entering into the fantasy sports and sports betting worlds.
Kibow CEO Fumitada Naoe
The review of the 2020 Tokyo Olympics boat and canoe venue has been in the news recently being hailed a controversy, beginning with problems emerging from behind the scenes, and ending in the reality that the proposed venue is too costly. In the world of professional sports, the media attracts the attention of sports viewers and the general public, and when worldwide competitions are held money is collected through broadcasted rights, sponsorship fees, and ticket sales. It is then made into a fund in the form of guarantee and prize money, finally being returned to players and athletes. So to speak, it is like a sports ecosystem. However, there are drawbacks to this system. Only those involved in major sports events are rewarded, and the current situation stands that even Olympic gold medalists are not guaranteed support after retirement.
Kibow is proposing, through mobile sports betting, they can form a now sports business ecosystem by changing the way money flows from the general public to players and athletes and giving those involved in minor sports and extreme sports a chance in the spotlight. The Nippon Foundation, one of the key role players in social impact investments in Japan, held the country’s largest ever Social Innovation event. Given that they use a portion of proceeds raised from boat racing throughout Japan to finance social entrepreneurs, it may be easy for our readers to imagine the relationship between sport betting, sport business building, and developing athletes. In the future, Kibow plans to provide betting opportunities for Japan’s unique minor sports and extreme sports and, starting in the UK, hopes to attract foreign betting participants.
In this same field, in 2013 Softbank acquired 23% of shares from the UK’s leading online bookmaker Betfair for 355 million pounds (about $540 million at the exchange rate then). In the US earlier this year sports betting startups DraftKing and FanDuel launched their services.
Kibow does not only function as a bookmaker, but while advocating for a position as a sport brand and a lifestyle brand, they are aiming to begin their mobile sports betting service in the UK domestic market by February of next year. The company raised around 100 million yen (nearly $840,000 at the exchange rate then) in funds from Cyber Agent Ventures and individual investors in April of 2015.
Translated by Amanda Imasaka Edited by Masaru Ikeda
A concept image for Kibow’s mobile betting app Image credit: Kibow
This guest post is authored by Sakahito Sado of Wata-ame in Tokyo. Wata-ame offers user growth consulting service for game and web service developers. See the original story in Japanese. Tokyo-based Drone Japan last week unveiled the concept of DJ Agri-service which enables efficient and low-cost rice farming that utilizes drones. By conjoining efforts of experts in different fields ranging from hardware and software to data analysis and agriculture, this service was formed to realize “Precision Farming” which supports agrochemical-free farming techniques while significantly lowering production costs through use of image analysis and visualization of crop-growing conditions by applying drone-based remote sensing. Automatically acquiring agricultural core data such as crop-growing conditions, it provides reporting service for farmers using analysis from experts. One of the service’s strengths is the accuracy of these agricultural data utilizing specialized sensors, spectral cameras and autonomous flight technologies, which could not be acquired through conventional methods. The experts involved in this project include Yutaka Kaidu (Associate Professor, Laboratory of Biological and Mechanical Engineering, The University of Tokyo) and Guo Wei (Master’s program, same as above) in charge of data processing, Randy Mackay (Japan Drones; supporting software development using open source code for drone hardware developers) in charge of operating drones, and Noriyuki Ichikawa (Ichikawa Farm in Asahikawa, Hokkaido). The…
This guest post is authored by Sakahito Sado of Wata-ame in Tokyo. Wata-ame offers user growth consulting service for game and web service developers.
Tokyo-based Drone Japan last week unveiled the concept of DJ Agri-service which enables efficient and low-cost rice farming that utilizes drones. By conjoining efforts of experts in different fields ranging from hardware and software to data analysis and agriculture, this service was formed to realize “Precision Farming” which supports agrochemical-free farming techniques while significantly lowering production costs through use of image analysis and visualization of crop-growing conditions by applying drone-based remote sensing.
Automatically acquiring agricultural core data such as crop-growing conditions, it provides reporting service for farmers using analysis from experts. One of the service’s strengths is the accuracy of these agricultural data utilizing specialized sensors, spectral cameras and autonomous flight technologies, which could not be acquired through conventional methods.
Kiichiro Katsumata, CEO of Drone Japan
The experts involved in this project include Yutaka Kaidu (Associate Professor, Laboratory of Biological and Mechanical Engineering, The University of Tokyo) and Guo Wei (Master’s program, same as above) in charge of data processing, Randy Mackay (Japan Drones; supporting software development using open source code for drone hardware developers) in charge of operating drones, and Noriyuki Ichikawa (Ichikawa Farm in Asahikawa, Hokkaido).
The service usage fee is 4,500 yen (about $43) minimum per hectare for each use during the cultivation period, inclusive of drone and camera rental, data sensing and data analysis. The firm plans to commence service from April of 2017.
Analyzing images photographed by drone
The market size for the drone industry is expected to grow to 100 billion yen (about $960 million) by 2020, and agriculture is estimated to account for half of this figure.
In the press briefing, CEO of Drone Japan Kiichiro Katsumata revealed the launch of the service, as well as the start of sales as to value-added rice utilizing drones, in addition to provision of data to agricultural app developers; the company aims to attain sales of 3 billion yen (about $29 million) by 2020.
I feel that technology like those used in drones is going to solve problems for the primary industries.
By focusing on rice cultivation from among the wide-ranging agricultural industry, Drone Japan aims to solve problems related to domestic rice farming by leveraging technologies, not to mention promoting development of Japanese drone agriculture on a global scale.
Translated by Taijiro Takeda Edited by “Tex” Pomeroy
This is the abridged version from our original article in Japanese. Tokyo-based VRize, the company developing ad network business in the virtual reality (VR) space, announced today that it has secured funding from Japanese investment firm B Dash Ventures and Japanese web marketing company Speee in a seed round. Financial details of the deal have not been disclosed but it seems to have raised six-digit sums in US dollars. Upon this funding, the company has introduced a new service called VRize Video to date. VRize Video is a content management system for VR (CMS for VR) that allows companies or studios to develop VR apps including in-app video clips for several VR platforms such as Oculus, PlayStationVR, HTC Vive, GearVR and Daydream. In addition to distributing VR apps including 360-degree and 2D video clips, the company plans to add to the system several other features such as livestreaming and in-app analysis. See also: Japan’s VRize launches 360-degree VR ad network in closed beta Translated by Masaru Ikeda Edited by “Tex” Pomeroy
Tokyo-based VRize, the company developing ad network business in the virtual reality (VR) space, announced today that it has secured funding from Japanese investment firm B Dash Ventures and Japanese web marketing company Speee in a seed round. Financial details of the deal have not been disclosed but it seems to have raised six-digit sums in US dollars. Upon this funding, the company has introduced a new service called VRize Video to date.
VRize Video is a content management system for VR (CMS for VR) that allows companies or studios to develop VR apps including in-app video clips for several VR platforms such as Oculus, PlayStationVR, HTC Vive, GearVR and Daydream. In addition to distributing VR apps including 360-degree and 2D video clips, the company plans to add to the system several other features such as livestreaming and in-app analysis.
Tokyo-based WealthNavi, the company offering a technology-based asset management service under the same name, announced on Wednesday that it has fundraised 1.5 billion yen (about $15 million) in a series B round. Participating companies in this round were SBI Holdings, SBI Investment, Mizuho Capital, SMBC Venture Capital, DBJ Capital, and Infinity Venture Partners. Additionally, the startup has partnered with SBI securities and Sumishin SBI Net Bank, both of which are subsidiaries of SBI Holdings, to offer the robo-advisory service to SBI’s 2.6 million online banking customers plus 3.6 million stock trading customers. This funding means that the company has fundraised a total of 2.1 billion yen (about $21 million) since the company’s launch back in April of 2015. WealthNavi offers a cloud-based robo-advisory service that helps middle-income people better locate diversified investments internationally. The service was officially launched in July this year. It is said that SBI Group has been massively helping regional banks and credit unions nationwide in Japan adopt FinTech services since they are typically small and have few resources to catch up with the new trend unlike typical megabanks. Through the partnership with the financial conglomerate, WealthNavi also expects to gain access to a huge base of…
Image credit: Wealth Navi
Tokyo-based WealthNavi, the company offering a technology-based asset management service under the same name, announced on Wednesday that it has fundraised 1.5 billion yen (about $15 million) in a series B round. Participating companies in this round were SBI Holdings, SBI Investment, Mizuho Capital, SMBC Venture Capital, DBJ Capital, and Infinity Venture Partners.
Additionally, the startup has partnered with SBI securities and Sumishin SBI Net Bank, both of which are subsidiaries of SBI Holdings, to offer the robo-advisory service to SBI’s 2.6 million online banking customers plus 3.6 million stock trading customers. This funding means that the company has fundraised a total of 2.1 billion yen (about $21 million) since the company’s launch back in April of 2015.
WealthNavi offers a cloud-based robo-advisory service that helps middle-income people better locate diversified investments internationally. The service was officially launched in July this year.
It is said that SBI Group has been massively helping regional banks and credit unions nationwide in Japan adopt FinTech services since they are typically small and have few resources to catch up with the new trend unlike typical megabanks. Through the partnership with the financial conglomerate, WealthNavi also expects to gain access to a huge base of potential customers that these regional institutions possess.
Edited by “Tex” Pomeroy
In September, WealthNavi CEO Kazuhisa Shibayama delivered a pitch at the RisingExpo competition in Tokyo.