After selling his previous company for $110 million, he established L7V (Level Seven Ventures) in Tokyo, aiming to build a $1 billion company. Only 10 other founders in Japan have achieved this.
Link to this point #1Michia Rohrssen
How I'm building a $1b empire in Japan
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Overview
A documentary about entrepreneur Michia Rohrssen aiming to build a $1 billion company in Tokyo. Leveraging his experience of selling his previous company for $110 million, he launched a new company called L7V to engage in investments, business building, and acquisitions. It records the raw, early stages of founding, from building a media team to applying for the Supercell accelerator.
Key points
L7V operates three types of businesses: investing in startups, building businesses from scratch, and acquiring existing companies. Its headquarters are in Tokyo.
Link to this point #2His experience on Richard Branson's private island became a turning point, leading him to decide to build a business that is meaningful, fun, and contributes to humanity.
Link to this point #3Building a media team is a top priority. He collaborates with Canadian videographer Ian to produce content for attracting top talent and discovering investment opportunities.
Link to this point #4Four elements of a good investment opportunity: a large market, disruptive change, insight into problem-solving, and contributing to human progress. He avoids investing in ethically questionable areas such as gambling sites.
Link to this point #5With the evolution of AI technology, MVP development that traditionally took weeks is now possible in one day. The AI wave is a once-in-a-lifetime opportunity, making now an opportune time for entrepreneurship.
Link to this point #6He served as a judge at an AI Gaming Hackathon co-hosted by Google and Supercell, witnessing 3D games being developed in a matter of hours.
Link to this point #7He is heading to the final interview for the Supercell accelerator. After a month of preparation, acceptance could significantly change the business's trajectory.
Link to this point #8He emphasizes the importance of system building: assigning a single owner ('one throat to choke') for each task and managing step-by-step processes with checklists. He is building a system that can handle hundreds of employees, even with a two-person team.
Link to this point #9Life after the sale was financially rich but felt boring. He decided to put an end to a state where he had capital, connections, and experience but wasn't doing anything with them.
Link to this point #10Put this knowledge to work.
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