Foreign Investors not Interested in Asian Security Startups Anymore
1. Have Unique Offering, Partnerships with Governments
In order for Asian startups to effectively compete and match up to their U.S. counterparts there is a need for offering a unique service for this particular region. It will be a disadvantage if they try to compete against Silicon Valley companies, with Silicon Valley investors, local business development deals, and some of the top talent in the world.
There is also a need for these startups to work closely with their national and state-level government organizations and corporations to ensure these are early adopters before selling to the open market. The Director of a Singapore-based venture capital, Azione Capital advises, “At least one board member should be "personally connected" with these organizations, understand their requirements and strongly recommend the start-ups to them.”
