What advice would you give a fresh graduate who's interested in starting a startup now?
I wish to start a startup company. What advice would you give a fresh graduate like me?
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From my experience in the startup scene for 9 years, I have seen many startups in Southeast Asia struggling on going beyond series-B. And we observed that they have a common problem, which is they are not able to to cross border and go regional/global. Most of them are solving a problem locally. Therefore, the market size is not big enough for VC to invest and get their return back.
From the VC stand point, Series-B required a startup to be at least in 3 markets/countries, that’s why they are willing to invest and scale the startup to be the market leaders in these 3 markets.
So, in order to build a successful startup, my 2 cents:
Summary:
Find a problem that is big enough globally to be solved, use internet to validate and solve it by using other’s resources.
My suggestion would be to work for a company before starting a startup, unless you're very sure of what you're doing.
If you just have an idea, it's probably best to build your network and experience before starting a company, as running a business can be very challenging.
But if you do decide on starting a startup, here are some things you should take note of:
The journey is long, but it is very rewarding. Good luck! 💪🏻
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