Entrepreneurship in Asia
I think this would be a good place to start fresh.
I’ve founded Paprika Lab - a social gaming startup - back in 2007. It wasn’t a social gaming startup back then, more a social networking service company. Then we saw a big opportunity into social gaming in 2008, raised a small round of funding from a local VC in 2009, and here we are, a 25 people company with a couple of titles ready to march out the door.
It seems like there’s a lot of enthusiasm for startups in Korea these days, with lots of funding deals to many many entrepreneurs. I’ve started a small organization called “YES (Young Entrepreneur Society)” back in late 2008, a casual gathering of young entrepreneurs in Korea, and it’s great to see many of them either get funding or gotten an exit.
So, yes. Entrepreneurship is quite active even outside of Silicon Valley, and though the amount of capital available to entrepreneurs here are relatively smaller and the speed of the money market can be slow compared to what we see in the states, we do see a lot of innovative companies emerging in Asian market where few of them will end up making some interesting changes to the world.
In the later posts, I’ll be discussing interesting things happening here in Asia and hopefully dig a bit deeper into potential market opportunities for businesses and investments as well.
