Saturday, July 20, 2013

Entrepreneurship: Singapore vs Silicon Valley

Singapore startups are relatively good on talent and funding, but their output it disproportionately low (data from the Startup Genome Report, Part I. 2012).

Entrepreneurs are much better educated than their Silicon Valley counterparts and they work harder. But I would argue that these advantages fail them because of the wrong market choice: niche vs new.

Singapore entrepreneurs and VCs seem to be suffering from the "Better Mouse Trap" syndrome, i.e. they focus too much on improving existing products/services instead of creating new markets.

tags: mousetrap, startup, entrepreneurship, source, control

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