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You can find hierarchical work cultures with impossible deadlines all around the world, not just SK. The difference seems to be that the government sector and t
by kijin 2y ago
You can find hierarchical work cultures with impossible deadlines all around the world, not just SK. The difference seems to be that the government sector and the chaebol take up such a huge share of the "IT" market in SK, that there really isn't much space left for startup culture to make a difference.
Kakao used to be a cool startup, but they've been trying hard to emulate the chaebol once they became successful.
- OsrsNeedsf2P 2y ago> there really isn't much space left for startup culture to make a difference. This is very much not the case - Startups are quite big in SK because the government gives them lots of funding. Source: I worked at a South Korean startup. Fair warning to other foreigners, you will have to make _a lot_ of sacrifices.
- lifthrasiir 2y ago> Startups are quite big in SK because the government gives them lots of funding. They need funding mainly because otherwise the govt sector and chaebol would outlive them. It greatly depends on the exact circumstances though. (Source: Had been in several startups with varying degrees of funding.) > Fair warning to other foreigners, you will have to make _a lot_ of sacrifices. Mainly because most if all people in Korean startups are necessarily Koreans. The same thing happens whenever many members share the same background, not just the nationality.
- tkazec 2y agoThe government gives out a lot of grants to startups, but largely in the range of $10k-$100k USD. Beyond that, there aren't many angels, and VC is dominated by highly conservative corporates. It's an incredibly tough fundraising environment.
- laborcontract 2y agoyup. i wouldn’t consider sk a startup hub in the remotest. like you said, the vc landscape perfectly reflects it.
- kijin 2y ago> Startups are quite big in SK because the government gives them lots of funding. Exactly. All that funding and the associated paperwork, not to mention the adverse incentives it brings to the table, help to turn the Korean startup ecosystem into yet another old-fashioned, government-controlled economic sector. We all call each other the same honorifics, make our offices cute and comfy, and try not to have a visible hierarchy. But at the end of the day, it's the government that tells you which projects will be funded and when you should submit screenshots of the deliverables. Angels? Yeah, they exist, but where do you think half of their money comes from? Source: also a South Korean startup.
- AYBABTME 2y ago> Source: I worked at a South Korean startup. Fair warning to other foreigners, you will have to make _a lot_ of sacrifices. As a foreigner living in Seoul, working for US startups, and eyeing creating a US-styled startup in Seoul in the future, what are the sacrifices you have in mind?
- neom 2y agoDo you know of anyone who has created a US style startup in Seoul? Only two people I can think of are Matthew Shampine and Jason Boutte. Jason Boutte is literally the only foreigner I know who pulled it off, I've lived in Seoul doing startup stuff for 5 years till recently.