Bill Belew has raised 2 bi-cultural kids, now 34 and 30. And he and his wife are now parenting a 3rd, Mia, who is 8.
In every fundraising slide presentation, there is one slide that looks like a hockey stick.
Profits level off and then magic happens and profits skyrocket.
That magic is usually when the company makes roads in China or India. But what happens when it’s both countries?
It takes off like a Finnish ski jump. (I know, this is in Norway.)
NOKIA is doing exceedingly well in the Chinese (30%) and Indian (60%)markets.
In China, MOTOROLA and SAMSUNG are both a distance number 2 and 3 at about 10%. In India, LG is number two at about 12%.
China has the largest cellular market in the world at 400 million users. India is way down the list but has almost as many people as China and is growing as quickly in economic might as China. Within four years India and China combined will have more than 1 billion people flipping their $400 dollar cell phones open and knowing nothing about how that all started on Star Trek.
Still, there is a lot of money to be made – think of the $5 billion ringtone industry, games, stock trading, oh, and calling mom to ask to borrow money.
Nokia has the lead in this market in Asia.
Is anyone going to try harder to overtake them?