For decades, California’s Silicon Valley has been the epicentre of the global st...
San Francisco outpost provides co-working spaces, mentorships, networking and educational resources to Singaporean companies looking to tap into US funding or markets, and vice versa.provides Singapore tech companies with an opportunity to learn, explore business opportunities and integrate into the local ecosystem seamlessly, while also helping to educate US-based entrepreneurs on the Southeast Asia market,” says Dr Lily Chan, CEO of NUS Enterprise.
, set up in the US, he found that there were significant differences in expectations between American and Asian investors. In the US, startups are expected to focus on growth over everything else, launching with a big bang and trying to generate a large user base, before then trying to convert that to revenue. In Asia, where investors are typically more conservative, the expectation is that they will try to generate revenue first, and will take a more considered route to market.
Despite the differences and potential difficulties, there are substantial advantages for companies going in either direction. For Singaporean startups, the US presents a huge market opportunity, and also a chance to attract growth capital from investors who are increasingly interested in global opportunities.
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