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Comparing Asia to North America is such a false equivalence. Asia is huge. Like 63% of humanity huge. Of-course the market in Asia is going to be much more ma
by 1971genocide 11y ago
Comparing Asia to North America is such a false equivalence.
Asia is huge. Like 63% of humanity huge.
Of-course the market in Asia is going to be much more massive.
A lot of rural places in India have better Internet that I have sitting here in a British city - at a much more discounted price.
Everyday millions of people are coming online - internet virgins. They will have their own new taste, needs, etc.
The thing to understand before you think about investing your hard earned money in an asian country - is even though the volume of amazing ventures are a lot more - each smart ventures is followed by 1000s of dumb ones.
The signal to noise ratio in low - unless your are in the market - you will be scammed - this is why a lot of large companies have tried and failed to start industries all over asia.
Anytime you start pouring a lot of money anywhere - govt, scammers, etc all want to dig into you. Red-Tape, bribery, lack of transparency and rule of law.
This is not as overwhelmingly present in European or american markets.
I do not for a second doubt that the market size, growth, etc are going to be insane in asia for the foreseeable future - but there is a question of sustainability - and this requires structural change in government in many asian countries.
Unless you are interested in short term - high risk - high reward outcome. And are more interested in long term investment - then Asia needs some reform before you think about investing big time there.
- ThomPete 11y agoEurope is almost twice as big as the US, yet US technology companies dominate Europe in almost any startup category. So I don't think brushing it away on that basis is helpful. At the end of the day if it goes as it normally does with technology there are going to be few winners in each industry and many loosers. If Asia manages to create more successful companies locally they are going to be able to create more successful companies internationally which means just as the US have many in Europe, Asia can have many in the US (Alibaba comes to mind) It's not a competition, it's a game with no rules and no judges.
- amalag 11y agoAgree with what you are saying but internet in India generally really sucks. You pay almost the equivalent of western rates and get shitty speeds and service. UK must be far better.