1. Strong Early-Adopter Culture
I was sitting with a bunch of non-tech friends the other day, when one of them whipped out her iPhone. She says, “Hey guys, check out this new app I found called VendMo. It allows you to be able to transfer money to your friends after you get the bill.” I was mesmerized. You just don’t have this kind of situation in Vietnam. Most of the time, if you’re hearing such talk in Asia, you’re probably hanging out with other tech people. In San Francisco, startups have the convenient advantage of being able to assume that early adopters are in abundance.
There is no such luck in Asia. More often than not, ideas die before they even get implemented because there’s no early-adopter culture. It could be a great idea, but no one wants to try it. That means startups that do make it have to work really hard to make sure their idea actually has value to either businesses or consumers. Valley startups can work on frivolous things like UX design, hilarious marketing tactics, or as we saw at TechCrunch Disrupt’s hackathon, base ideas like TitStare.
2. Willingness to Share and Grow Together
My hat goes off to Valley folks: they really care about each other in a way that I don’t see happening in Asia. Putting Apple aside, you’d just have to spend a few hours on Quora and its startups topic and you’ll see how much people are willing to divulge about how to do startup, startup culture, and the trials and tribulations of being a founder. Valley people, nurtured in the heart of the laid back culture of California, have grown to share and help each other.
In Asia, we certainly see pockets of this, with mentorship becoming an imperative, but Asian culture is held back profoundly by not only an immaturity in how to work together but also a defensiveness in competing. If you fly around Asia meeting startup communities, you’ll slowly start to hear of all the dramas that torment each. Fundamentally, this prevents the kind of growth we see in the Valley. There, it’s profoundly swept away by the sheer size of the community and the overwhelming sense that everyone should help each other so all can win. It’s ultimately all about win-win.
3. Failure as a Rite of Passage
People have been harping on this one repeatedly, and it’s for a good reason. Failure, across Asia, remains a stigma. As angel investor Dave McClure said in Japan, “Someone in a high position has to publicly fail so that other people can learn how to do it.” Nobody wants to fail and it’s inextricably tied to long-held Asian culture. In other words, it’s not going away anytime soon.
4. Everybody Wants to Help Everybody
With almost every person I met on this trip, whether it be a startup or an investor or a journalist, everyone offered to help me in some way. And I noticed very quickly that they also offered to help everyone they met.
As competitive as Asia is, offering your help to someone else can also mean doing favors for a potential enemy. But people are unable to see past that and look at the long-term benefits.
5. The Valley Is a Land of Layers
Every time I visit the United States, it looks exactly the same. The landscape hasn’t changed much except for a few new Starbucks and a new building or statue here and there. Offices still have landline phones and people still drive cars on the same exact highways. Everything is like clockwork. It’s this firm foundation that Valley startups can build on top of.
Uber is a great example of this. It takes existing resources and people, and fashions a business model that sits perfectly on top of the infrastructure that already exists.
In Asia, especially developing Asia, forget about infrastructure. Forget about widespread usage of landlines and aligned highways. Asian startups are building for a land without layers, so they are forced to be the layers themselves. Texting is one beautiful example of how Asia leapfrogged landlines into new technologies that the Western world has only caught up to in the last few years. And today, we’re seeing unique examples of this withpayment, logistics and ecommerce at the forefront.
6. Valley Startups Create Problems to Solve Because They Don’t Have Any Problems
First-world problems include not getting your eggs the way you want them and taking just a few more minutes to get a cab than you wanted to. If you watch American travelers going through Asia, it’s even more vivid. They shout and complain about things the locals take as normal. While chatting with Kevin Chen from Technode, he remarked on Spinlister, a new startup that was present at Disrupt, which is an Airbnb for bicycles. “They’re looking for problems to solve.”
In Asia, we’ve got more problems than we can bargain for. There’s so many low hanging fruit for startups to pick that most of them are rotten.
7. The Ecosystem Dreams Really, Really Big
I first considering stating that “founders dream really, really big” when I remembered that Mark Zuckerberg just wanted to have a social network for college kids in the early days. And as Paul Graham stated, starting with a small problem actually pays off in the longer term. So, in a lot of ways, it’s the entire ecosystem around these founders that ends up dreaming big.
The Bubble and the Ocean
Everything in this world is a double-edged sword. Silicon Valley’s bubble is also its greatest asset. All of these elements come together to make the Valley the engine it is today. Loo Cheng Chuan, head of Singtel’s Local Life and Group Digital Life, had some penetrating insights into where Silicon Valley has an edge over Asia, and it’s all too true. On the other hand, the Valley’s bubble leaves it a bit isolated. After all, when Americans think of the World Series, it’s really just the United States and Canada.
With Asia, its time is coming. There are only about four Asian cities that are globally significant in the worldwide startup ecosystem. But the foundation is compelling. Asian startups are forced to swim in an ocean to survive. It’s the ones that can swim fast that make it.
Original Article from: www.techinasia.com by Anh-Minh Do