09 Aug '11, 6am

Advice to startups: Get out of Singapore ASAP

Where are the entrepreneurs of a small country? I have the chance to meet up with some successful entrepreneurs in Singapore and learned a lot from them. One of the common phrases from them is, “Where are the best and brightest Singaporean or entrepreneurs?” The answer is that they are outside. In fact, in advising a couple of new tech start-ups, I have invoked the following rule for specifically mobile and web start-ups, “You have less than 2 months or 60 days to finish the minimum viable product and get out of Singapore as soon as you can.” Chalkboard went to Kuala Lumpur in the first month after we received our first round of financing. Why is this so? The reason is scale. Singapore lacks the scale and worse, you get clones for already small market.

Full article: http://sgentrepreneurs.com/toolkit/2011/08/09/advice-to-s...

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