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Leading Cloud Storage Gateway Developer Nuage Labs Taps Farpoint Ventures to Spearhead Entry into Asia Market

Nuagelabs-logo

Nuage CEO Raphael Nicoud and Farpoint Ventures Managing Partner Jim Ryan

Nuage CEO Raphael Nicoud (left) and Farpoint Ventures Managing Partner Jim Ryan

Tuesday, November 5, 2013

Boston, MA and Paris, France

Nuage Labs SAS, the leading developer of cloud storage gateways, and Farpoint Ventures LLC, a leading provider of venture finance and international sales and marketing outsourcing services, announced today that they have entered into a three-year agreement to develop the Asia Pacific market.

Under the agreement, Farpoint Ventures will act as an extension of Nuage’s sales and marketing team to recruit and sign distributors, value added resellers and systems integrators to resell Nuage’s cloud storage technology in Japan. Farpoint will also be responsible for technical support through its Tokyo office.

Nuage Integration Diagram

Nuage Integration Diagram

“Our service allows customers to profit from all the power of our unique mirroring feature, making it possible to store data simultaneously on multiple public or private clouds,” said Raphaël Nicoud, CEO of Nuage Labs. “Our gateway also offers transparent encryption of data before it is stored on the cloud, thus eliminating the risk of data falling into the wrong hands. Finally, our gateway offers protocol translation from legacy protocols allowing you to connect your existing legacy apps directly to the cloud with no modifications required.”

“More and more enterprises are moving data to the cloud in Asia,” said James Ryan, Managing Partner of Farpoint Ventures LLC. “Nuage’s Cloud Gateway allows them to take advantage of the cost saving of cloud storage while eliminating the security risks and cost of retrofitting old applications.”

Farpoint Ventures has already secured a major Japanese electronics manufacturer as the first customer of the Nuage Labs Cloud Gateway in Japan. Nuage Labs CEO Raphaël Nicoud will be presenting the Cloud Gateway solution at a seminar in Tokyo on November 11, 2013.

About Nuage Labs

Nuage Labs is the leading developer of cloud storage gateway technology. Our software gateway connects any cloud storage service including Amazon S3 and Openstack compatible providers. No API integration is required, data is stored on the Cloud, encrypted during transfers and can be replicated between multiple Clouds. Your Cloud storage area works as a local filesystem that you can export as a NAS through NFS or CIFS.

Media Contact: Sibylle de Villeneuve
Email: sibylle@agenceraoul.com
Phone: +33 6 45 29 58 57

About Farpoint Ventures LLC

Farpoint Ventures is a venture finance fund with a unique services platform that quickly develops global markets for its portfolio of venture-backed technology companies. Farpoint’s global network of experienced technology sales professionals can quickly bring a product to markets from Asia to Africa, Europe to the Middle East and the United States to Latin America, developing sales channels, reseller networks and bringing in international revenues years ahead of when most startups would have the resources to go global on their own. Farpoint’s US headquarters is in Boston, MA.

Media Contact: Veronica Hynes
Email: press@farpointventures.com
Phone: (617) 300-0708

Cultural Advice for Business Visitors to Japan

Mt. Fuji

Tips and Tricks of the Trade

For those of you in a hurry who don’t have time to read this whole article, here are some of the key points, tips and tricks for your upcoming trip to Japan. You can click on the items below for more details.


Introduction

Japan is one of the greatest countries in the world for doing business. It has a strong work ethic. People are generally polite, honest and ethical. It is still possible to do business “on a handshake” in Japan. Quality products are highly valued and can command a premium price. And the Japanese economy is huge: the third largest economy in the world after the USA and China. Many foreign companies generate 10% or more of their revenues in Japan.

However, Japanese business customs can be confusing for new visitors. Many foreigners make embarrassing mistakes. Hence this simple guide.

Above all, remember two words in Japan, “Respect” and “Humility”. If you are not sure how to act or react in Japan, always err on the side of respect for your hosts and customers, and humility about your own company and your own achievements. Keeping this attitude in mind will stand you in good stead in many business situations.

SN340085

Currency and Payments

Exchange Rates

The Japanese currency is the yen. Fun fact: In Japanese, “Yen” is pronounced “En”.

At the time of writing USD $1 = 100 yen. This makes for a simple conversion, just add two decimal places to the yen price to get the dollar price. A 1000 yen bill is equivalent to a $10 bill and a 10,000 yen bill is equivalent to a $100 bill.

You can check the latest exchange rates plus find rates for other currencies on www.oanda.com.

Acceptance of Credit Cards

When I first moved to Japan in 1990 credit cards were not accepted at most businesses. Japan was a completely cash economy. Most companies actually paid their employees by handing out envelopes full of cash to all of their employees at the end of the month. They would physically transport this cash every month from the bank to the office or factory. This resulted in a few high-profile thefts including one famous case where a thief dressed as a motorcycle policeman stopped a car carrying the yearly employee bonus payments from a bank to a large factory, told them to evacuate the car because it had a bomb planted in it and then made off with nearly $6M (in 2013 dollars). The thief was never caught and the statute of limitations has run out on this case.

Luckily in 2013 most businesses, stores and restaurants accept credit cards, even for small purchases. All of the convenient store chains will accept credit cards even if you’re only buying a can of Coke ($1.50). Visa and MasterCard are most widely accepted, followed by Amex and Diners.

The subway system and local trains mostly require cash to buy tickets although some ticket vending machines recently have begun accepting credit cards even for short trips. For longer trips and reserved-seat tickets (Narita Express, Shinkansen or “Bullet Train”, etc.) you can purchase tickets from the ticket counter using credit cards. Ticket vending machines often accept credit cards but require you to enter a PIN number. Be sure to set a PIN number for your credit cards before leaving for Japan. You can do this by calling your credit card company.

Most taxis in the major cities (Tokyo, Nagoya, Osaka) accept credit cards. You will not need a PIN number but will have to sign the receipt. Taxi drivers are polite and courteous and will gladly accept credit cards even for short distances.

In order to avoid any problems using your card overseas, you should contact your credit card company before your trip and notify them that you will be travelling overseas. If you don’t do this, many credit card companies will see your overseas transactions as “suspicious” and put a block on your card until you call them to confirm. This can be inconvenient and expensive when travelling overseas. Many credit card companies allow you to file a “travel notification” online via their website.

A final note on credit cards. Many credit card companies charge up to a 3% “foreign transaction fee” for foreign-currency transactions. However, there are a few cards that offer “no foreign transaction fees” for frequent international travelers. I know for a fact that Capital One and Bank of America both offer such cards. You may want to contact your credit card company and confirm their foreign transaction fee policy ahead of time, and if appropriate sign up for a “no fee” card.

Currency Exchange

There is no need for you ever to use currency exchange services. I strongly recommend against exchanging your local currency for yen either at your bank before you leave or at the airport when you arrive. Why is this?

The reason is simple. You can withdraw Japanese yen cash from many cash machines in Japan when you need cash (see below). Most banks will give you the “interbank exchange rate” without any commission. Compare this with “currency exchange services” who jack up the exchange rate as much as 4% and often charge a commission on top of that.

What about exchanging your leftover yen back to your home currency? This is not a good idea since you’ll lose money on the exchange rate. Here’s a better idea. Any yen that you have left over (including coins) you can use to pay part of your hotel bill. That way, you do not have to carry back left over change. When you check out, be sure to put the airport bus ticket on your hotel bill, that way you will not need any more Japanese cash for the rest of your trip. Pay the hotel all of your remaining cash, including coins. Then pay the remainder of the hotel bill with your credit card.

Banking System and ATMs

Many Japanese banks’ ATMs do not accept international cards, however recently this situation is improving. You can usually find an ATM nearby that will accept your ATM card. Here are some guidelines:

  • There are ATMs that accept foreign cards in the arrival hall of all of the international airports. You may have to look for them, but they are there.
  • Citibank has a large presence in Japan. All of their ATMs accept all overseas ATM cards and dispense Japanese yen.
  • The Japan Post Office ATMs all accept overseas ATM cards. Look for the Japan Post Office logo:
    JP Bank Yucho
    JP Bank
    JP Yucho Logo
    JP ATM
  • Most of the convenience stores (7-11, Family Mart, Lawson, etc.) have ATMs that will accept overseas ATM cards.
  • Many of the local banks will have one special ATM among their ATM machines that will accept foreign cards. Look for the logos of the international payment networks:
    PLUS Logo Cirrus Logo maestro credit card logo

How much cash do you need? That depends on how long you are staying. As a rule of thumb carry 10,000 yen for every day you are staying. If you find that you’re mostly using credit cards and not using much of your cash, you can always get rid of it at the end of your trip by paying your hotel bill in cash.

Tipping

Tipping is not customary in Japan. No tips will be expected or accepted anywhere. This includes taxis, restaurants, “bell boys” and room service at hotels. A service charge will be added to room service and to meals at hotel restaurants.

Local Transportation

Arriving at the Airport

Tokyo is served by Narita New Tokyo International Airport and Haneda International Airport. Most international flights arrive at Narita, however if possible, try to find a flight that arrives at Haneda instead of Narita since Haneda is much closer to the city (a 15-minute, $70 taxi ride). Narita is sixty miles from the city, and a taxi ride costs 25,000 yen, or nearly $250. Most people take the airport limousine bus or the train, which both cost about 3000 yen or $30.

Taking the Limousine Bus

The Airport Limousine Bus is the easiest way to get to your hotel. Although it can take up to twice as long as the train, the bus will take you door-to-door dropping you off at your hotel directly. You will not need to lug your bags through the train station to the train and then into a taxi on the other end. There are multiple routes serving most major hotels in the Tokyo metropolitan area.

After leaving customs, there will be an “Airport Limousine Bus” counter immediately in front of you. The employees speak English. If you go to the counter and tell them what hotel you are going to, they will sell you a ticket, and let you know which bus stop to go to.

Limousine Bus Counter Limousine Bus

Depending on where you are going in Tokyo and the traffic conditions the bus can take from one to two hours (three hours on Friday and Sunday afternoons). Because it goes direct to the hotel, it is especially convenient if you have a lot of luggage or if it is your first time to Tokyo. However, the bus can be delayed by traffic on Tokyo’s notoriously congested roads.

For the return trip to the airport, you can take the bus directly from your hotel to the airport. The cost is 3000 yen, and you can put it on the hotel bill when you check out. Be sure to call the bell desk and reserve a seat the night before. He will tell you what time you need to leave in order to make your flight.

Taking the Train

There are two train services to the airport, the Keisei Skyliner and the JR Narita Express.

Most foreigners take the Narita Express because it goes to stations of more interest to foreigners: Tokyo, with some trains continuing to Shibuya, Shinjuku, and Ikebukuro and other trains continuing to Yokohama and beyond. (Some trains actually divide into two at Tokyo with half the train going to Shinjuku/Ikebukuro and the other half going to Yokohama.)

If you are going to Ueno, however, take the Keisei Skyliner.

Both the JR Narita Express and the Keisei stations are located in the basement of the airport.

After exiting customs, look for the escalator going down from the arrival lobby. It should have a sign for Narita Express. Go down the escalator, then find the Narita Express or Keisei ticket counter. The ticket agents don’t usually speak English, but tell them your destination, class of service “Green” (first class) or “Regular”, and then “Smoking” or “No Smoking.”

taxi

Taxis

Taxis are expensive and most taxi drivers speak no English. It helps to have a business card or a map in Japanese showing where you want to go. The minimum fare for 1.3 miles is 710 yen, or $7.10. After that, it is an extra 90 yen for every 1/5 mile. Most hotels will provide you with a small card that has a map to the hotel and the address printed in Japanese. Take this with you when you go out so that you can easily get home any time by jumping in a taxi and showing the card to the driver. A typical trip within Tokyo should cost no more than $40 depending on the distance.

Always board and alight from a taxi using the rear passenger-side door (remember, that’s the left side of the vehicle in Japan). The driver’s side rear door will normally be locked—do not try to open it even from the inside of the taxi. The rear passenger-side door of Japanese taxis opens automatically to let you in or out. Do not try to open it or close it manually, the driver will open and close it using a mechanical remote control.

Subways and Suburban Trains

The public transport system in Japan is clean and efficient, and is the best way to get around on your own. English language subway maps are available at the hotels and stations. You can download a map from www.tokyometro.jp/en/index.html.

Tickets run from 160 yen to 700 yen and above (cash only) depending on how far you’re going.

Hygiene

Food

Japanese, Chinese and Western food is available at most hotels. Restaurants in hotels tend to be more expensive than those outside the hotel.

Most restaurants do not have English menus but usually they have plastic models of the food in a display case or have photos on their menus. If you feel like getting a taste of the local flavor, you can simply point at what you want. It is extremely rare to find a restaurant that is unsanitary, so you will not have to worry about food poisoning. Tap water and water served at restaurants is safe to drink.

Water

Japanese tap water is safe but tastes of chlorine. Many people prefer bottled water. There should be bottled water in the mini bar in your hotel, but it is expensive so you may want to buy a large bottle of water at a convenience store.

shinto_shrine

Weather

Tokyo experiences a large range of temperatures, with short, often cold winters followed by a very long, hot summer.

Fall (September – November) in Japan is the best time of year to visit. Expect clear skies, occasional afternoon rain, daytime highs of 70 degrees (F) and nighttime lows of 40. A light jacket or sweater should be warm enough for the evenings. In case of rain most hotels can lend you an umbrella free of charge.

Winter (December – February) is cold, but rarely below freezing. However, it is often windy which makes it seem even colder. Expect clear skies, highs in the low 50s, with lows in the mid 30s at night. Bring a warm coat. It is very rare for snow to fall in Tokyo.

Spring (March – May) is warm, but it rains often. Expect high temperatures of 60 to 75 degrees, with lows of 45 – 60 degrees.

The warm rainy season usually lasts for six weeks starting in late May. It rains almost every day, often quite heavily. If you are visiting between May 1 and July 15, expect to get wet. Unfortunately, the rain does little to lower the temperature, which remains above 80 during the day, making you feel like you are in a steam bath. Wear light suits and shirts, and walk slowly. I do not recommend short-sleeved shirts for business meetings, however.

Summer (July – August) is extremely hot and humid, with temperatures in the 90s and 100s, and humidity often above 90%. Bring light suits and shirts. You will not need a coat or jacket (but you will be expected to wear your suit jacket to meetings). Note that the heat and humidity makes this a very unpleasant season in Japan. Avoid it if possible.

Telecommunications

Internet Access

High speed internet access is available in most hotels. Often in Japan it is included in the rate, otherwise it can run from 1500 to 2500 yen per day ($15 – $25). Hotels usually offer both wired (Ethernet) and WiFi broadband connections.

Unlike the US, most hotels in Japan charge you the standard phone dialing rates to make calls from your hotel phone. Most phones in Japan (including hotels) require you to press zero to get an outside line, but check the instructions in the hotel. I recommend using your computer to make international calls either with Skype or Google or other VoIP services. If that is not possible, it is cheaper to dial direct from the hotel than pay roaming charges on your mobile phone (see below).

Telephones

When using a pay phone, you will need 10 or 100 yen coins, or a prepaid telephone card. Most phones accept prepaid cards; some accept prepaid cards ONLY (no coins). Local calls are three minutes for 10 yen, but if you call a cellular phone, it gets expensive so have lots of coins. Only gold phones can make international calls, but they are usually marked in English as “International Phones.” Of course, you can call anywhere from your hotel phone.

The Tokyo area code is 03, so when calling other numbers with the 03 area code from Tokyo, omit the 03.

Mobile Phones

Japan has three major mobile telephone providers: DoCoMo, KDDI and Softbank. They each use different 3G and 4G technology, but your mobile phone should be able to roam on at least one of these three networks. It is a good idea to contact your mobile phone carrier before you leave to ensure that your phone is enabled for international roaming in Japan and also to confirm the price for voice and data while roaming.

Roaming charges, especially for mobile data connections, are extremely expensive. Many carriers allow you to pre-purchase international data at a discount before you leave on your trip; I highly recommend doing this.

Electricity

Japanese standard current is 100V AC at 50 or 60Hz depending on where in the country you are. The plug is the same shape as US plugs, so you will not need any converters for US standard devices. However, most Japanese plugs do not have the third “ground” prong, so it makes sense to bring a three-prong to two-prong converter. Though 100V is lower than the US standard 110V, most American appliances will run on this voltage. However, irons and hair dryers will not get as hot (though you will not need to bring these with you as most hotels offer hair dryers and clothes irons in the room). Most laptops are designed to work within this voltage range, so you should not need any voltage transformers.

Language

Very few Japanese speak English well, though someone nearby will usually be able to help out with simple requests. You’re pretty much on your own, but there’s not much that can happen to you beyond getting lost. The front desk of the hotel can give you a card with the address of the hotel and a map. If you ever get really lost, just hop in a taxi and show the driver the card. If you don’t have a card, most taxis should understand the hotel name if you pronounce it slowly enough. However, some hotels have different names in English and Japanese, so you may want to ask the hotel front desk how to pronounce the hotel name in Japanese. Here are two examples:

English Hotel Name Japanese Hotel Name
ANA Hotel Either “AhNah Hotel” or Zen-Nikkuu Hotel
Imperial Hotel Tay-koku Hotel

Shibuya

Safety

Road Safety

The biggest danger to your life in Japan, as in other developed countries, is traffic accidents. Japanese drive on the left side of the road, so look to the right as you cross. Looking both ways is even better. Japanese are generally polite drivers and obey traffic signals. However, they do not automatically stop at zebra pedestrian crossings, so be very careful before leaving the curb. Most intersections have pedestrian signals–NEVER cross against a red pedestrian signal. Always cross at crosswalks, not in the middle of streets.

Crime

Japan is a very safe country, but Tokyo, like any other big city, has a certain amount of crime. Most business areas are safe, and you can walk alone at night without any problem.

Avoid the Ueno and Ikebukuro areas at night, as well as the northeast side of Shinjuku station (called Kabuki-cho). Take the same precautions against property crime as you would when travelling anywhere–lock valuables in the hotel safe, keep your passport on you at all times, use the peephole to confirm anyone who comes to your door.

Emergencies

If you get into serious trouble, the police can be reached on any public phone by dialing 110. Fire and ambulance is 119. They will transfer you to an English-speaking operator; just say “English” or “Help” repeatedly until they transfer you. You do not need money to call these emergency numbers, but on older phones you may have to press a red button under a plastic cover to get a dial tone.

Earthquakes

As you no doubt already know, Japan experiences many earthquakes. If you are staying in Tokyo more than a few days, you will likely feel a few earthquakes. Small earthquakes are nothing to worry about. However, if the shaking is violent, be sure to follow these safety rules:

  • During the shaking, try to protect your head from falling objects. If you are indoors, it is safest to be under a table or desk. If that’s not possible stand against an interior wall and stay clear of windows and heavy appliances. Do not stand in a doorway–this is a myth! If outdoors, move as far as possible from buildings and keep your eyes up for falling objects. Be particularly careful of trees and power lines.
  • Do not immediately rush outdoors after an earthquake as there still may be debris and glass falling from buildings. Be particularly careful not to step on downed power lines.
  • If you smell gas, do not turn on any electrical appliances or lights. Evacuate as quickly as possible.
  • Only use your phone (including sending text messages) for emergencies. This frees up the bandwidth for emergency workers and victims.
  • If you are near the ocean and you hear the tsunami sirens, evacuate to higher ground immediately. If there are no hills nearby then go to the highest floor of a building made of steel or concrete. While tsunamis can be as high as 516 meters (1,720 feet) this is unusual and only occurs in locations with unusual geography. The recent (2011) tsunami was 40 meters (131 feet) in height. This is roughly the height of a seven-story building.
  • Be careful opening cabinets and closets after an earthquake as items may come tumbling out.
  • Beware that aftershocks, some quite large, will occur in the hours and days after a large quake.

Holidays

The Japanese have a large number of public holidays, as well as three times in the year when employees traditionally take their vacation time. It is best to avoid all business trips to Japan during the Year-End/New Year period, Golden Week and “O-Bon.” See the chart below for details.

Holiday 2013 2014 2015
New Year’s Day
(Always on January 1)
January 1 January 1 January 1
Year-End / New Year
Most Japanese companies close down for a 10 to 14 day period from the end of December through the first week of January. People traditionally visit their ancestral home during this time. January 1 is the only official holiday during this period.
12/28/2013
to
1/5/2013
12/27/2013
to
1/5/2013
12/29/2013
to
1/9/2013
Coming of Age Day
(Second Monday in January)
All Japanese who turned 20 in the previous year visit a shrine to pray for health and success.
January 14 January 13 January 12
National Foundation Day
(Always on February 11)
Celebrates the day traditionally believed to be the day the Japanese nation was founded.
February 11 February 11 February 11
Vernal Equinox Day
(March 20 or 21)
March 20 March 21 March 21
“Golden Week”
This is a seven to ten day period starting at the end of April and continuing through the first week of May. There are four official holidays (see below) but most companies close down for seven to ten days. Japanese frequently take vacation trips at this time.
4/29/2013
to
5/6/2013
4/29/2013
to
5/5/2013
4/29/2013
to
5/5/2013
Showa Day
(Always April 29)
Birthday of the former Emperor Hirohito (the Showa Emperor).
April 29 April 29 April 29
Constitution Day
(Always May 3)
Day that the postwar democratic constitution came into effect.
May 3 May 3 May 3
Green Day
(Always May 4)
Used to be the same as “Showa Day” but as of 2007 is a separate holiday.
May 4 May 4 May 4
Children’s Day
(May 5 or nearest Monday)
Traditional holiday for boys. (Girls have the “doll festival” in early March, but that is not a national holiday.)
5/5/2013
(observed May 6)
May 5 May 5
Marine Day
(July 20 or nearest Monday)
Instituted to give people more leisure time and encourage spending. Considered to be the start of “beach season.”
July 15 July 21 July 20
“O-Bon” Buddhist Time to Remember the Dead Ancestors
There are no official holidays, but O-Bon is traditionally observed during the second and third week of August. While some Japanese return to their ancestral home, many take a week off and go on a vacation.
8/12/2013
to
8/23/2013
8/11/2013
to
8/22/2013
8/10/2013
to
8/21/2013
Respect for the Aged Day
(September 15 or nearest Monday)
The name says it all.
September 16 September 15 September 21
Autumnal Equinox
(September 22 or 23)
September 23 September 23 September 23
Health and Sports Day
(Second Monday of October)
October 14 October 13 October 12
Culture Day
(Always November 3)
November 3 November 3 November 3
Labor Thanksgiving Day
(November 23 or nearest Monday)
Give thanks to all who work hard!
November 23 November 24 November 23
Emperor’s Birthday
(Always December 23)
Birthday of the current Emperor Akihito
December 23 December 23 December 23

Business Customs and Culture

Japan is an extremely formal and polite society. These “customs” may seem to be over the top, but this is really how Japanese do business. As foreigners you are not expected to know all of this, but if you do, the Japanese will be quite impressed and you will find that your business goes much more smoothly.

Attire

Everyone, including engineers, is expected to wear a business suit (including suit jacket) and tie to all meetings with customers, and to all on-site visits. White shirts are more formal and are recommended if meeting a very senior person such as a company CEO or board member. Light colored shirts are acceptable for most meetings. Do not wear dark colored shirts, black shirts or short-sleeved shirts of any color. Always wear a tie and jacket, no matter how hot the weather. Engineers performing installation tasks that require moving, lifting, etc. may wear slacks and a dress shirt or polo shirt with no tie or jacket.

Entering the Building

You must arrive for all meetings at least five minutes early. When entering the building, remove any overcoats, etc., in the lobby, immediately after entering the building. It is rude to enter an office still wearing your coat, so carry it in your arms. Do not remove your suit jacket, of course. Do not put your overcoat back on until you are in the lobby, about to leave the building. Be very quiet and do not talk amongst yourselves when inside a customer’s office building.

After you walk in, there should be a reception desk or a telephone. If there is a reception desk tell the woman (it will always be a woman) your name and whom you are there to meet. Usually one representative from the customer will come greet you and lead you to a conference room or a reception room.

In the Meeting Room

Always sit in the chairs on the opposite side of the table from the door (in other words, facing the door). The host of the meeting sits closest to the door so that if they have to come in and go out during the meeting they will not disturb the “guests” (that’s you).

Do not remove your suit jacket in front of the customer unless you are so hot that you have no other choice or unless the customer invites you to do so. If you are visibly sweating, the customer will usually invite you to take off your jacket. Also, do not cross your legs, stretch out your legs or recline back into the chair during meetings. Do not chew gum. Finally, never blow your nose during a meeting–if you absolutely have to, go to the bathroom first.

After arriving in the room, usually you will sit down and wait for their delegation to show up. In some cases, they will already be there waiting for you, so they will all stand up and you will exchange business cards before sitting down (see below). If they are not already there, you will sit down first, then exchange business cards after they show up. The “highest ranking” person sits in the middle, and everyone spreads out from there with the lowly serfs on the outsides. After sitting down, they will ask you if you want anything to drink. “Coffee,” “Tea” and “Water” are the only acceptable answers here. In summer, you can have your coffee or tea cold (iced). If you ask for “mineral water,” Coke, Diet Coke, Perrier or anything else “exotic” you will get blank stares and giggles. In all seriousness, coffee, tea and water are all most companies can offer, so you should choose one of these.

Exchanging Business Cards

Once all of their people have arrived, business cards are exchanged (sometimes they exchange cards before taking the drink orders, you have to play it by ear). Everyone must stand up (you should stand up when they enter the room, if they are not already in the room when you arrive). The highest-ranking person on each side will exchange cards first, and then everyone will follow in order of importance.

The customer will offer you his card first. He will hand it to you with both hands, and tell you his name. Have your card ready in your hands. Hold it in both hands, with the print FACING HIM so that he can read it, with your head slightly bowed. Introduce yourself, say “nice to meet you” and then take one hand off your card and grab his card at the bottom with your free hand. He will do the same. Bow slightly while reading the name and then look up. If the customer is used to dealing with foreigners, he will probably shake your hand at this point.

Do not put the customer’s business card in your pocket. Place it on the table. It is convenient to place it in the same order that they are seated, so you can remember everyone’s name during the meeting. When you leave, you can put the business cards in your bag, never in your pocket.

Drinking your Coffee/Tea

This is going to sound ridiculous, but it is very important. Normally, a woman will bring in your drinks and set them in front of you. However, do not drink your coffee or tea until the customer invites you to. Also, do not touch it, or add sugar or milk. Usually, you will exchange business cards first, start some small talk, and then they will say, “Please, drink your coffee.” This is when you would add your sugar or milk and drink the coffee/tea. If they do not say this to you, wait until someone on the customer side has begun drinking. It is acceptable to drink after they have started.

During the Meeting

During the meeting, try to let the customer speak first, and never begin answering while the customer is still talking. NEVER INTERRUPT YOUR CUSTOMER, no matter how much you want to. If you are using an interpreter, do not speak for a long time without giving the interpreter a chance to interpret. If giving a presentation, it is essential to have printed handouts to give to the customers to make it easier to follow along. Most Japanese read English much better than they write it or speak it. If you can have the handouts translated into Japanese, the customer will be grateful.

During the meeting, the highest-ranking person on each side is “in charge.” If that is not you, do not answer any questions unless they are specifically directed at you, since this may be seen as a sign of disrespect to the highest-ranking person on your team. This person may defer questions to other members of the team.

Humility and Respect

Japanese culture respects humility. Statements like “We’re the best” or “Our products are the best in the world” are not well received. You should instead talk about what makes your products great and also cite numbers of installations, big-name accounts, etc. to make the point indirectly. If you are visiting a customer to apologize for something, be unequivocal. Japanese hate it when people make excuses.

Also, you should never cut off the customer when he is speaking. Always wait for him to finish, even if he is struggling to speak in English. Do not be impatient.

In Japan, the customer is accorded the highest respect. Never criticize your customer. Never lose your temper.

Ending the Meeting

The meetings will be scheduled for a certain amount of time, so try not to run late. Usually the customer will indicate that they want to wind things up. Try not to make long comments or go off on a new topic at this time.

Handing out Gifts

If you are making a first visit to a customer or if you are meeting people at a high level, you should bring gifts. At the very end of the meeting, after the discussions have been wrapped up, you should take out the gifts. The highest ranking person should hand them to the highest-ranking person on the customer side. If the customer has many people in attendance, you can hand them three or four gifts and tell them to distribute them as they see fit. They will not generally open the gift there, so don’t ask them to or expect them to. If there are only two or three customers present, you can hand one gift individually to each person.

Gifts do not need to be particularly expensive ($10 – $20 each is fine) or particularly creative, however they must be wrapped. Giving gifts is an important part of the culture in Japan; don’t forget them!

Leaving the Meeting Room

Everyone will stand, and they will wait by the door while you leave first. Sometimes they will ride the elevator and see you to the main entrance, otherwise, they will say goodbye at the elevator. Wherever they say goodbye, you will bow to each other from the waist. Remember, do not put your overcoat on until after you are out of sight of the customers either in the lobby or outside the building.

Follow Up

It is important that someone on your side take meticulous notes during the meeting. Especially, take note of every time during the meeting that you promised to look into something and provide an answer at a later date. The customer will be taking meticulous notes as well. If you have promised to provide them a response to certain points at a later date, DO IT. Your company’s credibility will be judged on whether you actually provide these responses and how quickly you do so.


Leading Mobile Gaming App Developer PrePlay Sports Taps Farpoint Ventures to Spearhead Entry into Japan Market

prePlay_logo_h_final

PrePlay CEO Andrew Daines (left) and Farpoint Managing Director Jim Ryan (right)

PrePlay CEO Andrew Daines (left) and Farpoint Managing Director Jim Ryan (right)

Tuesday, September 10, 2013

New York, NY and Boston, MA

PrePlay, Inc., the leading developer of “second screen” predictive mobile games, and Farpoint Ventures LLC, a leading provider of venture finance and international sales and marketing outsourcing services, announced today that they have entered into a three-year agreement to develop the Japan market.

Under the agreement, Farpoint Ventures will act as an extension of PrePlay’s sales and marketing team to recruit and sign licensees of PrePlay’s gaming technology in Japan. Farpoint will also be responsible for product localization and technical support through its Tokyo office.

PrePlay Screen Shots

PrePlay Screen Shots

“PrePlay is already the official predictive gaming app of Major League Baseball and the National Hockey League, and just announced the release of CBS Sports PrePlay which will offer PrePlay’s exciting gaming experience for all Pro and many college football games. International expansion is a natural next step for us,” said PrePlay CEO Andrew Daines.

“Japan is the second-largest baseball market in the world,” said James Ryan, Managing Partner of Farpoint Ventures LLC. “As a baseball fan who spent 12 years in Japan, I am personally quite excited to be working with PrePlay to bring their technology to sports fans all over Japan.”

About PrePlay Sports

PrePlay is the world’s leading predictive game studio. We create mobile and tablet games designed and engineered to enhance the experience of watching sports, reality, talent, and award shows on TV. PrePlay users compete in worldwide social contests that involve predicting the outcomes of events they are watching unfold on live TV.

Media Contact: Andrew Daines
Email: Andrew@preplaysports.com
Phone: 646 678 5326

About Farpoint Ventures LLC

Farpoint Ventures is a venture finance fund with a unique services platform that quickly develops global markets for its portfolio of venture-backed technology companies. Farpoint’s global network of experienced technology sales professionals can quickly bring a product to markets from Asia to Africa, Europe to the Middle East and the United States to Latin America, developing sales channels, reseller networks and bringing in international revenues years ahead of when most startups would have the resources to go global on their own. Farpoint’s US headquarters is in Boston, MA.

Media Contact: Veronica Hynes
Email: press@farpointventures.com
Phone: (617) 300-0708

Farpoint Ventures Managing Partner Jim Ryan to Hold Office Hours at Venture Café

Boston, MA

September 10, 2013

Farpoint Ventures LLC announced today that Managing Partner and Co-Founder Jim Ryan will be holding office hours on Thursday, September 12 from 3 to 6 PM at the venerable Venture Café located on the 4th floor of the Cambridge Innovation Center, One Broadway Avenue, Cambridge, MA.

Mr. Ryan will be available to provide advice to entrepreneurs based on his 20 years of experience building global sales teams and developing international markets for startups. Anyone interested in speaking with Mr. Ryan can reserve a 30-minute slot at TimeTrade.

USP Lab’s Unicage® Big Data Analytics Platform now Available on Amazon EC2

Tokyo, Japan

August 21, 2013

Big Data pioneer and Farpoint Ventures portfolio company USP Lab today announced the availability of its Unicage® big data analytics platform on the Amazon Elastic Compute Cloud (EC2). Companies requiring a rich data analytics toolkit with an extremely fast learning curve and scalability to hundreds of billions of records can now get started quickly and cheaply using Amazon’s hourly billing.

Companies can develop their data algorithms on a minimal configuration for less than $1 per hour and then quickly scale up their processing resources to meet the demands of their actual data sets. When not processing data, the machine image can be stopped and saved to cloud storage for a very minimal fee.

Amazon EC2’s flexible “pay as you go” cloud model is a perfect fit for Unicage, which allows you to create algorithms in simple shell scripts and then scale them to hundreds of billions of records without any changes to your program. Clustered, parallel processing is handled automatically behind the scenes based on Unicage’s distributed file system.

To test out Unicage on Amazon EC2, click on this link.

Questions? Comments? contact USP directly!

Leading Big Data Analytics Platform Developer USP Labs to Present at MIT CRIBB on August 2

Thursday, July 17, 2013

Tokyo, Japan and Boston, MA

Universal Shell Programming Laboratory Ltd. (USP Lab), a pioneer in data analytics, and Farpoint Ventures LLC, a leading provider of venture finance and international sales and marketing outsourcing services, announced today that USP Lab’s founder and president, Nobuaki Tounaka, will be presenting at the Massachusetts Institute of Technology Computing Resources in Boston and Beyond (CRIBB) series on August 2, 2013 at 12PM. This seminar is open to the public. More information is available at http://goo.gl/iOc5p.

Mr. Tounaka will present methods and results of several recent big data projects conducted with Japanese universities including a large genome analysis project and a traffic optimization project involving billions of spatio-temporal datapoints. He will show a real-time demonstration of the Unicage® platform analyzing datasets of billions of records and will also provide comparative benchmarks to popular scalable platforms such as Hadoop.

“While Unicage® is used heavily by large enterprise customers, it’s low cost, ease of development and scalability make it perfect for academic institutions as well,” said Mr. Tounaka. “We look forward to presenting our results to the academic community in Boston at the MIT CRIBB seminar.”

“Farpoint recently announced our agreement with USP Lab to spearhead their entry into the US market,” said James Ryan, Managing Partner of Farpoint Ventures LLC. “We’re proud to organize this visit by Mr. Tounaka to MIT and other major institutions in the Boston area.”

About Universal Shell Programming Laboratory Ltd.

Founded in 2005 in Tokyo, Japan, USP Lab has developed a platform enabling large enterprises and academic researchers to fast-prototype algorithms using only simple “shell scripting” and run them against enormous datasets (of hundreds of billions of records) returning results of complex queries in under half a second. USP Lab’s Unicage® analytics platform is used by major Japanese retailers, logistics firms, manufacturers and food service chains to provide real-time analytics that optimize business processes on the fly without the high implementation and running cost of traditional “big data” platforms.

Media Contact: Hiroko Kamata and Tae Yoshida
Email: koho@usp-lab.com
Phone: +81 (3) 3432-1174

About Farpoint Ventures LLC

Farpoint Ventures is a venture finance fund with a unique services platform that quickly develops global markets for its portfolio of venture-backed technology companies. Farpoint’s global network of experienced technology sales professionals can quickly bring a product to markets from Asia to Africa, Europe to the Middle East and the United States to Latin America, developing sales channels, reseller networks and bringing in international revenues years ahead of when most startups would have the resources to go global on their own. Farpoint’s US headquarters is in Boston, MA and it has offices around the world.

Media Contact: Veronica Hynes
Email: press@farpointventures.com
Phone: +1 (857) 600-2116

*Unicage® is a registered trademark of Universal Shell Programming Laboratory Ltd.

NOTE: The Massachusetts Institute of Technology does not endorse USP Lab, Unicage or Farpoint Ventures LLC. While MIT organizes the CRIBB seminar, this does not imply an endorsement of any of the products or companies who present at the seminar.

Leading Big Data Analytics Platform Developer USP Labs Taps Farpoint Ventures to Spearhead Entry into US Market

USP Lab

Registered trademark of Universal Shell Programming Laboratory

Monday, July 1, 2013

Tokyo, Japan and Boston, MA

Universal Shell Programming Laboratory Ltd. (USP Lab), a pioneer in data analytics, and Farpoint Ventures LLC, a leading provider of venture finance and international sales and marketing outsourcing services, announced today that they have entered into a two-year agreement to develop the US market.

Under the agreement, Farpoint Ventures will act as an extension of USP Labs’ sales and marketing team to develop sales channels and end user customers in the United States for USP Labs’ flagship big data analytics platform Unicage®. Farpoint Ventures has already localized Unicage® and set up an internet presence for USP Labs at en.usp-lab.com. The localized version of Unicage will be available for purchase in the United States in July both as a license which can be used on customer-owned hardware and as a service on Amazon’s AWS platform.

“Unicage® is used today by many large Japanese retailers including Lawson, the largest convenient store chain in Japan and Muji, a leading retail chain with a global brand,” said USP Labs CEO Nobuaki Tounaka. “We’re confident that US retailers, manufacturers, logistics firms and academics will greatly benefit from Unicage’s ability to enable extremely fast development of algorithms and crunch enormous data sets with unparalleled performance.”

“Farpoint’s global sales team specializes in bringing innovative technologies to new markets,” said James Ryan, Managing Partner of Farpoint Ventures LLC. “We look forward to working with USP Labs to bring their powerful data analytics platform to US customers.”

About Universal Shell Programming Laboratory Ltd.

Founded in 2005 in Tokyo, Japan, USP Lab has developed a platform enabling large enterprises and academic researchers to fast-prototype algorithms using only simple “shell scripting” and run them against enormous datasets (of hundreds of billions of records) returning results of complex queries in under half a second. USP Lab’s Unicage® analytics platform is used by major Japanese retailers, logistics firms, manufacturers and food service chains to provide real-time analytics that optimize business processes on the fly without the high implementation and running cost of traditional “big data” platforms.

Media Contact: Hiroko Kamata and Tae Yoshida

Email: koho@usp-lab.com

Phone: +81 (3) 3432-1174

About Farpoint Ventures LLC

Farpoint Ventures is a venture finance fund with a unique services platform that quickly develops global markets for its portfolio of venture-backed technology companies. Farpoint’s global network of experienced technology sales professionals can quickly bring a product to markets from Asia to Africa, Europe to the Middle East and the United States to Latin America, developing sales channels, reseller networks and bringing in international revenues years ahead of when most startups would have the resources to go global on their own. Farpoint’s US headquarters is in Boston, MA.

Media Contact: Veronica Hynes

Email: press@farpointventures.com

Phone: +1 (857) 600-2116

* Unicage® is a registered trademark of Universal Shell Programming Laboratory Ltd.