21 Nov '12, 4am

Startup Genome: What you need to know about the #Singapore #startup ecosystem.

Singaporean startups are 15% more likely to monetize directly than SV startups. Singaporean entrepreneurs are as highly educated as SV ones (52% Master & PhD vs. 42% in SV). The Singapore startup ecosystem has the same healthy mix of startups targeting consumers, enterprise, and SME customers as SV. The key challenges of Singaporean startups are similar to SV startups. Startups in Singapore are 88% undercapitalized compared to SV startups before product market fit. Funding sources in Singapore rely more on incubators and self-funding, less on accelerators, super angels, and VCs. Startups in Singapore have less employees per stage (6.57) compared to SV. Startups in Singapore have 35% fewer mentors per company compared to startups in Silicon Valley.. There are 46% fewer serial entrepreneurs proportionally in Singapore than in SV. Singaporean startups rely more on advertising...

Full article: http://e27.sg/2012/11/21/startup-genome-what-you-need-to-...

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