02 Sep '13, 2pm

What Viki's USD 200M exit means for Singapore's startup ecosystem:

What Viki's USD 200M exit means for Singapore's startup ecosystem:

What Viki’s USD 200M exit means for Singapore’s startup ecosystem September 2, 2013 by Terence LEE Rakuten’s reported USD 200M acquisition of Singapore and San Francisco based startup Viki is by many accounts positive news. In fact, it is the biggest known exit for a Singapore web and mobile startup in recent memory, eclipsing sgCarMart’s USD 48M deal earlier this year: Top ten exits in Southeast Asia by size of deal (USD). Data from Venturedex . While large exits are lucrative for investors, their benefits go beyond the monetary: They create a virtuous cycle of innovation that sustains startup ecosystems. Exits ensure a re-circulation of talent and capital . Founders can go back into the game or use their returns to invest in startups. As mentors, they can guide the next generation of entrepreneurs on turning a solo project into a profitable 100-person company, how to neg...

Full article: http://sgentrepreneurs.com/2013/09/02/what-vikis-usd-200m...

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