Singapore as a hub

Interesting post from Matt W at EF :: https://medium.com/@mattwichrowski/field-notes-on-singapores-venture-scene-3dba1dd66798

Lots to parse in this but I generally agree in that the city is primed for potential and the big stuff is yet to come but we are on the cusp of it.

SeedPlus got a mention so I will just call that out but there is much more in the article than that. I personally like the section on Singapore as a hub:

3. There’s power in being a hub

I made the mistake of starting early conversations with: “What’s the Singapore venture scene like?” A simple question, but it immediately showed my ignorance. You can’t properly assess Singapore without taking all of Southeast Asia into account, because the two are cosmically intertwined. Investment strategy isn’t limited to the 277.6 mi² area of the island. It’s regional from day one. Singapore has achieved a remarkable amount in just 50 years, and it has done a lot of that by partnering with the rest of the world. International legal standards and advantageous tax treatment have made Singapore the de facto Southeast Asian hub for many businesses. So while there’s a lot of money in the small island nation, that cash is flowing to Vietnam, India, Malaysia and a host of fast-growing countries. The inverse is true for talent. Many of the region’s best minds flock to Singapore to build their startup HQ, and then attack their local market for dominance. This is, in no small part, one of the driving reasons EF set up shop there.

My relocation to Singapore after years of being around other parts of Asia was solely based on this premise – Singapore makes for a great hub and I think this is huge for startups and for VC’s. Of course no place is perfect and there are people that disagree but that doesn’t change the appeal of Singapore for me and most of the folks I work with.

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