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Being in the middle of the Taiwanese startup scene. Lots of smoke and no fire. Most of them just want to jump ship to elsewhere (especially to the US). That is
by imrehg 13y ago
Being in the middle of the Taiwanese startup scene. Lots of smoke and no fire. Most of them just want to jump ship to elsewhere (especially to the US). That is made harder by multiple factors.
- general low quality of their projects (stated by multiple people from Startup Weekend organizers to incubator hosts)
- scarce funding (the VCs here quite often want something validated far more than elsewhere, and don't fund something until someone else did)
- low cost of of living (really easy to scrape by on very little money, so much smaller pressure to keep cranking that experiment/learn/pivot cycle, many people end up merely "threading water" for years)
All that said, I really really really hope this will change, and I'm among those who are trying to shake things up.