Why Asia Is Not Like Silicon Valley
Are you thinking about getting into the Asian market? Even though many startup founders think that they can raise funds anywhere, at any time, the situation in Asia is different than in Silicon Valley. Ivan Chang, co-founder of Start-Now, explains the three main reasons why Asia and Southeast Asia in particular is not like the Silicon Valley:
1. There is no “next round.”
2. Losing equity reduces motivation.
3. This is NOT Silicon Valley.
As a result, revenues are the most important metric to focus on. Read the full article here. http://www.techinasia.com/revenue-mantra-startups/