4 ms·
Nerds, investors, good weather, hard working technical migrants, weirdos (I mean that in a good way), a tolerance for failure + people who take basically irrati
by jariel 6y ago
Nerds, investors, good weather, hard working technical migrants, weirdos (I mean that in a good way), a tolerance for failure + people who take basically irrational risks, a lot of 'new warm bodies' who take the koolaid, a hoard of very talented, operationally minded 'startup professionals' who know how to grow companies from Round A->E, and open-minded biz dev community who will entertain doing deals with small companies, and highly acquisitive M&A teams with massive budgets that provided 80% of the exits, and/or large financial institutions with frothy buyers to buy shares for IPO.
Nowhere has that.
- myrandomcomment 6y ago"a tolerance for failure" is a key point I believe in what you wrote here. I have spent a ton of time in Asia and feel I have a better then average understanding culturally than most Americans (at least that is what what my friends from their tell me, but who knows!) Failure in Asia a source of great shame. Here if you fail the VC ask you "So did you learn anything...good, here is some more money for your next thing." I think that a key difference is the view that failure is a lesson that helps you do better for the next time and not a reason to be ashamed.