Lim: Asian Founders Solve Market-Specific Problems Rather Than Copying US Models
E-Ling Lim · The Truth About Funding 2,400 Companies in 70 Countries · Mar 4, 2021 · at 15:06
E-Ling Lim of 500 Startups counters criticisms from corporates and governments that Asian startups are merely 'me-too' clones of US companies.
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“The problems that you see in Indonesia, the problems that you see in Singapore, the problems that you see in Philippines or in Korea, they are all different. The market is different. The users is different. The habits, behaviors, everything is different. So founders that we come across here are actually really solving and looking to solve problems that are unique to their markets itself.”
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