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I spent some time in Singapore. The startup ecosystem has critical pitfalls and successes. There is a lot of money (Government and private), accessible acceler

by logancg 11y ago

I spent some time in Singapore. The startup ecosystem has critical pitfalls and successes. There is a lot of money (Government and private), accessible accelerators, mentors, and business ecosystem support. Taxes are low and registering a business can take only 1 day. [1] But the ecosystem lacks genuine technological development and experimentation. Most startups I saw were ineffective copies of semi-successful American startups. My entrepreneurial friends there lambasted their friends' desire for stable careers at the expense of creative engineering. If anything, it'll become a home first for lifestyle entrepreneurs. It's a lovely place to live, it's easy to start a business, and may become a great 3-year "start a business for fun" destination for expats. However, Singapore has top-tier scientific institutions (NUS in particular) and the government is ruthless in attracting talent internationally. [2] This may be a good sign for proprietary science startups. [1] https://www.quora.com/Is-starting-a-business-in-Singapore-difficult https://www.quora.com/Is-starting-a-business-in-Singapore-di... [2] http://www.straitstimes.com/singapore/three-top-singaporean-scientists-coming-home http://www.straitstimes.com/singapore/three-top-singaporean-...

crdoconnor 11y ago
>If anything, it'll become a home first for lifestyle entrepreneurs. It's a lovely place to live, it's easy to start a business, and may become a great 3-year "start a business for fun" destination for expats. It's not that great for that either. Property rents/prices are sky high and cars are all but unaffordable except for the very wealthy. If you're location independent you might as well pick somewhere with a lower cost of living. Added to which, the ease of starting a business is something of a trap. You can only go so long before creating some jobs for locals which isn't so much fun if you want to keep your lifestyle business small.
- ceoj 11y ago
  >>Added to which, the ease of starting a business is something of a trap. You can only go so long before creating some jobs for locals which isn't so much fun if you want to keep your lifestyle business small. What do you mean by starting up a business being a trap?

by logancg 11y ago

crdoconnor 11y ago

>If anything, it'll become a home first for lifestyle entrepreneurs. It's a lovely place to live, it's easy to start a business, and may become a great 3-year "start a business for fun" destination for expats. It's not that great for that either. Property rents/prices are sky high and cars are all but unaffordable except for the very wealthy. If you're location independent you might as well pick somewhere with a lower cost of living. Added to which, the ease of starting a business is something of a trap. You can only go so long before creating some jobs for locals which isn't so much fun if you want to keep your lifestyle business small.

ceoj 11y ago
>>Added to which, the ease of starting a business is something of a trap. You can only go so long before creating some jobs for locals which isn't so much fun if you want to keep your lifestyle business small. What do you mean by starting up a business being a trap?