This document summarizes 8 major technology trends in Silicon Valley for 2017 according to Edith Yeung. The trends include: 1) increased investment and focus on artificial intelligence applications, 2) growth of voice assistants like Alexa and Google Home, 3) continued growth of virtual and augmented reality but slower investment, 4) increased funding and applications of robotics, 5) personalized healthcare through data and genomics, 6) competition to develop autonomous vehicles, 7) development of synthetic foods, and 8) growth of cross-border startups especially between China and the US. Edith Yeung is the head of 500 Startups Greater China fund and has invested in over 35 AI, VR and robotics startups in the last 2 years.

1. CONFIDENTIAL
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2017 Silicon Valley Investment Trends
Edith Yeung | @edithyeung

2. CONFIDENTIAL
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Edith Yeung is the head of 500 Greater China and 500
Startups Mobile Collective and invested in over 35
mobile, VR, AR, AI and machine learning startups in
last 2 years.
Before 500, Edith was the VP of marketing & business
development for Dolphin Browser. Dolphin Browser is a
Sequoia-backed mobile browser with over 150 million
installs worldwide. She also founded RightVentures -
seed stage investment firm focusing on mobile and
consumer internet companies. Prior, she led many
operation roles at Oracle, Siebel, AT&T, Symantec,
Telstra, Cisco, Autodesk, etc.
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Edith Yeung | @edithyeung | edith.co

3. CONFIDENTIAL
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Since July 20101,540+ Portfolio Companies
500 Startups Is the Most Active Seed Investor in
the World1
$275M in AUM2
The various geographies highlighted in the map result from investments we have made across all 500 Startups funds.
1. CB Insight https://www.cbinsights.com/blog/2015-early-stage-investors/
2. Approximated as of 5/31/2016 and includes the following 500 Startups funds: (a) 500 Startups, L.P. and 500 Startups-A, L.P. (together, “Fund I”), (b) 500 Startups II, L.P. and 500 Startups II-A, L.P. (together, “
Fund II”), (c) 500 Startups III, L.P. and 500 Startups III-A, L.P. (together, “Fund III”), (d) 500 Startups IV, L.P. and 500 Startups IV-A, L.P. (together, “Fund IV”), (e) 500 Startups Annex Fund,
3. L.P. (“Annex”), (f) 500 Luchadores, L.P. (“Luchadores”), (g) 500 Durians, L.P. (“Durians”), (h) 500 Mobile Collective, L.P. (“Mobile Collective”), (i) 500 Kimchi, L.P. (“Kimchi”), (j) 500 TukTuks, L.P. (“TukT
uks”), (k) 500 Startups JP, L.P. ("Japan”), (l) 500 Startups Istanbul, L.P. ("Istanbul”), (m) 500 Nordics, L.P. (“Nordics”), (n) 500 Falcons, L.P. (“Falcons”), (o) 500 Kulfi, L.P. (“India”), and (p) 500
Fintech, L.P. (“Fintech”), and (q) 500 Startups Canada, L.P. (“Canada”).

4. CONFIDENTIAL
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/ 500 Startups is one the most active early-stage
frontier technology Investors
IoT - SecurityIoT - ToysIoT - Health IoT - HomeIoT – Enterprise
3D PrintingRobotics / AutoVR / AR ConnectivityAI
IoT -Lifestyle
Drones / Aero

5. CONFIDENTIAL
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3 Unicorns ($1B+ in valuation)
Companies are a select sampling of investments across 500 Startups funds and will not be held in Fund IV. While Fund IV has not invested in the rounds of financing shown on this slide, at least one 500
Startups fund has invested in one or more rounds of financing for each of these companies. The valuations listed herein are estimated as at March 31, 2016 based on 500 Startups Valuation Policy as set out in
the Appendix to this presentation. These numbers provide a snapshot of estimated valuation as at a particular time and may change. Further detail with regard to financing of companies listed on this slide can
be found on Crunchbase. A full list of 500 Startups companies is available upon request.
30+ Centaurs ($100M ~ $999M in valuation)
* indicates companies that have already exited
3 Unicorns ($1B+ in valuation) and 30+ Centaurs
($100M-999M in valuation)
*
*
*
*
*
*

6. CONFIDENTIAL
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7. CONFIDENTIAL
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8 Silicon Valley Technology Trends
Every Investors Should Watch
Edith Yeung | @edithyeung | edith.co

8. CONFIDENTIAL
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Edith Yeung | @edithyeung | edith.co
Trend 1 – Year of Artificial Intelligence

9. CONFIDENTIAL
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/ Apple, Google, Intel, Microsoft, Salesforce, Amazon will
continue to invest and acquire AI companies.
18 AI companies were acquired in 2016
Edith Yeung | @edithyeung | edith.coSource: CBInsights

10. CONFIDENTIAL
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/ 2017 Investment Focus & Predictions
Applied Artificial Intelligence
Edith Yeung | @edithyeung | edith.coSource: CBInsights
With the rise of big data and AI,
startups applying machine learning
algorithms to solve problems:
• Robotics
• Autonomous vehicles
• Health
• Finance
• IoT
• Education
• Commerce
• Security
• Personal assistant
In area of sales, marketing, CRM,
customer service, legal, HR, etc.

11. CONFIDENTIAL
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Edith Yeung | @edithyeung | edith.co
Skype Translator enables real time communication while
speaking 8 different languages simultaneously

12. CONFIDENTIAL
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Trend 2
Year of The Voice
Edith Yeung | @edithyeung | edith.coSource: CBInsights

13. CONFIDENTIAL
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/ Meet Alexa
Edith Yeung | @edithyeung | edith.coSource: CBInsights

14. CONFIDENTIAL
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/ Meet Google Home
Edith Yeung | @edithyeung | edith.co

15. CONFIDENTIAL
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/ How have I been using Alexa
Edith Yeung | @edithyeung | edith.coSource: Business Insider

16. CONFIDENTIAL
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/ Amazon, Google, Microsoft and Apple’s voice are coming
to your car, phone, TV, home appliances
Edith Yeung | @edithyeung | edith.co

17. CONFIDENTIAL
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/ Trend 3 – Virtual & Augmented Reality Is Still Going
Strong, but Investment Will Slow Down
Edith Yeung | @edithyeung | edith.co

18. CONFIDENTIAL
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// Projected over $2.2 billion invested in 156 deals in 2016
Source: Digi-capital: http://www.digi-capital.com/news/2016/07/record-2-billion-arvr-investment-in-last-12-months/#.V9rRVD4rI9c
Popular Investment categories:
• VR/VR video
• Hardware
• Services and studios
• Gaming
• Apps
• Advertising/marketing
• Developer tools and distribution
Top 10 most funded VR/AR startups
1. Magic Leap ($1.39 billion)
2. Razer ($125M)
3. NextVR ($115.5M)
4. OTOY ($101M)
5. Jaunt ($100M)
6. MindMaze ($118M)
7. Blippar ($99M)
8. Oculus ($93.55M)
9. LensAR ($91.1M)
10. Meta ($73M)
Edith Yeung | @edithyeung | edith.co

19. CONFIDENTIAL
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// Apple, Google, Facebook are acquiring VR/AR startups
Source: CBInsights https://www.cbinsights.com/blog/top-acquirers-ar-vr-ma-timeline/
Active VR/AR acquirers
• Apple (3 acquisitions)
• Google (2 acquisitions)
• Facebook
• Autodesk
• GoPro
Notable acquisitions
• Facebook acquires Oculus (VR headset) for $2B
• ALPHAEON acquires LensAR (laser cataract treatment) for $59M
• Google acquires Skill & Hackett ((design studio)
• Google acquires Thrive (VR Audio)
• Apple acquires Flyby Media (mobile AR app developer)
• Apple acquires PrimeSense (interactive device)
• Apple acquires Metaio (AR)
• Qualcomm acquires Kooaba (cloud base image recognition)
Edith Yeung | @edithyeung | edith.co

20. CONFIDENTIAL
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Source: CBInsight / MagicLeap
Edith Yeung | @edithyeung | edith.co

21. CONFIDENTIAL
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// 2017 Investment Focus & Predictions
Source: Goldman Sachs Global Investment Research
Development building blocks & tools
• VR input
• VR search
• VR social
• VR payment
Industries
• Health
• Gaming
• Education
• Real Estate
• Retail
• Live Events
• Engineering
• Military
Edith Yeung | @edithyeung | edith.co

22. CONFIDENTIAL
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Trend 4 – The Year of the Robots
Edith Yeung | @edithyeung | edith.co

23. CONFIDENTIAL
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/ Trend 4 – The Rise of the Robots - $2.6 billion invested
across 405 robotics startups
Edith Yeung | @edithyeung | edith.coSource: CBInsights
Enterprise
• Heavy industrial & manufacturing
• Drones (non-delivery)
• Retail & warehouse
• Last-Mile delivery
• Restaurants
• Agriculture
• Services
Consumer
• Social
• Educational
• Personal Drones
• Home (cooking / housekeeping/
Transportation / Elderly care)
Medical
• Surgical
• Services (Hospital)
• Bionics & Rehab
Safety
• Drones
• Building Security
• Field assistance

24. CONFIDENTIAL
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25. CONFIDENTIAL
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26. CONFIDENTIAL
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27. CONFIDENTIAL
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In 2018, China will account for more than one-third of the
industrial robots installed worldwide.
.
Edith Yeung | @edithyeung | edith.co

28. CONFIDENTIAL
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/ Low-powered Robots (camera/sensor) as a Service
.
Edith Yeung | @edithyeung | edith.co

29. CONFIDENTIAL
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/ Trend 5 – The Year of Data Driven Personalized Healthcare
Edith Yeung | @edithyeung | edith.coSource: CBInsights
1. Integrate genetic data into clinical workflow
2. Pharmacogenomics - prescribe medications based on patient specific
age, gender, ethnicity, genomic factors
3. Noninvasive DNA liquid biopsy testing and screening
4. Gene-Editing CRISPR-CAS9
5. Direct-to-Consumer Genetics Testing

30. CONFIDENTIAL
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/ 388 startups raised over $4.7 billion Since 2012
Edith Yeung | @edithyeung | edith.coSource: CBInsights
Genomics = creation and
analysis of genetic data
• Gene-based diagnostic tests
• Genetic sequencing
• Data analysis tools for
genetic data
• Gene editing (CRISPR-
CAS9)

31. CONFIDENTIAL
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/ CRISPR-CAS9
.
Edith Yeung | @edithyeung | edith.co

32. CONFIDENTIAL
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/ Trend 6 – The Year of Racing to Become the Next
Android for Autonomous Vehicles
Edith Yeung | @edithyeung | edith.co

33. CONFIDENTIAL
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/ 33 Corporations Working On Autonomous Vehicles
Edith Yeung | @edithyeung | edith.co

34. CONFIDENTIAL
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Edith Yeung | @edithyeung | edith.co

35. CONFIDENTIAL
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A world with no
accidents, traffic
tickets or car
ownership
75% of vehicles on the
road by 2040 will be
driverless.
Edith Yeung | @edithyeung | edith.co

36. CONFIDENTIAL
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/ Trend 7 – The Year of Synthetic Meat, Eggs and Dairy
Edith Yeung | @edithyeung | edith.co

37. CONFIDENTIAL
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/ 275 startups raised over $5.7 billion in 2015
Edith Yeung | @edithyeung | edith.co

38. CONFIDENTIAL
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/ Trend 8 – The Year of Cross-Border Startups
Edith Yeung | @edithyeung | edith.coSource: AppAnnie
China Surges to the #1
Revenue Spot on iOS
in 2016

39. CONFIDENTIAL
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Edith Yeung | @edithyeung | edith.co
NetEase earned over $800M in China with Fantasy
Westward Journey Game (夢幻西遊)

40. CONFIDENTIAL
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/ Billion of Mobile Users Inspire New Business Models.
Alibaba’s Single Day generated about $14 billion in 24 hours
Edith Yeung | @edithyeung | edith.co

41. CONFIDENTIAL
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/ Wish raised $500 million from Temasak
Edith Yeung | @edithyeung | edith.co

42. CONFIDENTIAL
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/ Chinese is Willing to Pay for Video Subscription
Edith Yeung | @edithyeung | edith.co

43. CONFIDENTIAL
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Artificial Intelligence
Voice
Virtual and Augmented Reality
Robotics
Data Driven Healthcare
Synthetic Food
Cross-Border Startups
43
8 Silicon Valley Technology Trends Every Investors
Should Watch

44. CONFIDENTIAL
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/ 500 Greater China Aims to Bring The Best Silicon Valley
Startups to China, Taiwan and Hong Kong
Edith Yeung | @edithyeung | edith.co
Meet Cjin Cheng
Cjin@500startups.com

45. CONFIDENTIAL
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Edith Yeung | @edithyeung | edith.co
The Future is Calling.

46. CONFIDENTIAL
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/ You can find me at:
• Email edith@500startups.com
• Twitter @edithyeung
• Newsletter http://www.edith.co/#newsletter
Edith Yeung | @edithyeung | edith.co