I can't emphasize the legal framework enough. I'm currently in Thailand and the laws here are like sewage cologne for startups. One Thai investor perceives Ch

I can't emphasize the legal framework enough. I'm currently in Thailand and the laws here are like sewage cologne for startups. One Thai investor perceives China and India as poor markets to enter. They're big enough to stand on their own. Don't bother making software for that market, they have enough minds and startups there. (His perspective) The Philippines is less developed than Thailand. I talked to a startup there and learned that something like 90% of their citizens don't have bank accounts. They send money across the country via cash deposits at 7-eleven. The story I'm told is that Thailand is up and coming after Singapore for startups, since Singapore is so expensive. Having been here for a while, I have my doubts, but I'm still observing.