The bad news is that we are in a startup bubble on average Venture capitalists paid 46x revenue for their investments a record high which has since come off. The good news is that startups are tackling bigger problems than ever. Interestingly each region in Asia has a different set of problems to solve.
Japan
Has one of the highest rates of suicide in the world. Its a major issue so a lot of start ups are working on mental wellness apps able to pre-empt and sense your emotions.
Australia
Australia as you might have guessed is focused on fin tech. The dominance of the big 4 banks and their profitability is attracting many startups. Apparently banks make $1,000 per person in Australia the second is Belgium at $400. We are also early adopters of technology with the 2nd highest iPhones per capita after Singapore. Given we are such early adopters there is no reason why fintech shouldn't be more successful in Australia.
Traffic in Indonesia is bad so start ups are focused on on-demand services.
There was also great advice on pitching creating your Wow moment. The inside joke on elevator pitches is that there are no elevators in Silicon Valley!
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