StartupsHK on TVB

Thanks to Julian for taping the segment on Money Magazine that featured StartupsHK, BootHK and the angel community in Hong Kong.

If you are in Hong Kong you can watch the full episode at here:

Back to the Future – Learning from the last HK tech bubble

After Startup Saturday, I’ve had the opportunity to talk with a lot more of the people that were around for the frenzy of 2000-2001 for tech startups in Hong Kong. When a fund called TechPacific puts “Tell me your idea and we’ll try not to laugh.” on the side of a bus, that may be indications of a tech bubble. Even some of the established local businesses got caught up in the craze and changed their names to include “Cyber” to keep up with the times.

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European startups need to work as hard as Valley ones – or forget it

One of the biggest challenges for any investor (regardless of the stage/type of investment they target) and founders alike is hiring great talent. In early stage investing the team may be the single criteria upon which an investment decision is based (considering how many times when that’s all there is to go by) and even in later/growth stages, while the founding team has been historically crucial, bringing someone new in to help “get the company to the next level” can be the difference between investing or not.

This is a good example of how differences in culture can have an impact on how managing a startup varies from one location to the next. Personally, I think HK is in a good position as far as potential outlook on how to get things done, but I also that the issue of being open and collaborative needs to change here if startups as a group will be successful.