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[이코노믹리뷰=최진홍 기자] HyperConnect, which runs Azar, is in the arms of a match group famous for its dating app Tinder.
The Match Group has agreed to acquire 100% of HyperConnect for $1.75 billion (about 1.93 trillion won). HyperConnect will continue its independent management system after this agreement, and closing (closing the transaction) is expected in the second quarter of this year.
With the graceful brothers who run the People of Delivery sold to Delivery Heroes in Germany for 4.75 trillion won, another trillion transaction came out.
Exit, become the mainstream
Just a few years ago, these words came out in the domestic startup industry. “I can’t see Kakao, the second Naver”
What does it mean? In general, the primary goal of entrepreneurs is to make a company a’big company’ by listing it. There is an atmosphere where it is taken for granted to dream bigger by raising a large amount of capital in the stock market with recognition in the industry.
However, in the startup industry, this atmosphere has disappeared. In the case of Yanolja, they are preparing for listing, and there are examples of attempting special listings such as Flitto, but most entrepreneurs prefer exit, or sale, rather than listing. Even before the People of Delivery and HyperConnect, exits were more popular than listing in the startup industry.
That’s why the word “I can’t see the second Naver, Kakao” came out.
The premise of this complaining is that “founders prefer to exit and hold money, but do not try to make the big picture by developing their own business.”
Is it correct? It is not that there is no atmosphere at all to get a share by exiting the business quickly without thinking about the troublesome listing. However, this is an area of personal choice and cannot be enforced. There is no reason to be criticized for not having a big dream of becoming Naver and Kakao.
However, it is necessary to point to the concept of’serial entrepreneur’, which has been popular for a while.
Even if startup entrepreneurs do not draw the big picture of listing their business and becoming the second Naver, Kakao, it is necessary to focus on the scene in which their own startup ecosystem virtuous cycle structure is drawn in the process of repeating startups and exits.
This can fatten the entire ecosystem in a healthy way and draw out the flow of money and workforce smoothly. Yes. The only moral and intellectual criticism of’innovator spirit’ that those who want to take a part in the exit are largely offset by the advent of serial entrepreneurs.
Now, exit is also a key moment to gain weight in the ICT industry as much as listing. What if the second Naver, Kakao, does not come out? If the market becomes more prosperous and healthy through the successive exits of serial entrepreneurs, this also leads to the creation of a successful ecosystem.
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Trillion exit, the key is’this’
Several media and industries have evaluated that “the success equation of startups is now different” for the exits of the people of delivery and hyperconnect, but it is quite a long time since the exit-centered startup success equation has changed. . This success equation has already become popular, and it is more important that the unit has become’trillion’ due to the case of the people of delivery or HyperConnect.
What we need to focus more on here is that domestic startups can now become confident partners of global companies.
In fact, Delivery Hero has decided to increase the competitiveness of its on-demand platform in the global market with an outstanding Internet giant named Kim Bong-jin. Tinder’s Match Group also wanted to enhance the video function of the dating app with Corona 19, and because they wanted to make results by entering Asia and the Middle East, they chose Azar’s HyperConnect, which aims to enter the North American market. It means that the’capabilities’ of domestic startups have now risen to the global level.
Another point to focus on is the capabilities of venture capital (VC).
Most of the VCs who initially invested in HyperConnect and the Elegance of the People of Delivery are foreign VCs such as SoftBank Ventures and Altos. Looking at other promising startups, it does not appear that domestic VCs have made meaningful investments.
This part should be analyzed very clearly and painfully. Why can’t domestic VCs look at the domestic startup industry as elaborately as overseas VCs? There are several realistic reasons, but in fact the reason is’that’ that you and I know.
*IT Apostasy is a place where you can comfortably share the little things you learn during the interview. We consider with our readers at a point where the periphery has its own meaning rather than the immediate knighthood.
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