Biggest takeaway from spending time with founders in Asia is they view America as “ROW” and 1 to N in Peter Thiel terms. Shockingly different mindset from past cycles.
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“ROW” was “Rest of World” in big tech company speak. Almost a throwaway to core market, which was US
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Crypto founders are native crypto - didn’t work at Alibaba, Kakao, Rakuten etc. Different mindset, no blind spots, beginner’s mind
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I imagine same thing in bio or any emerging field. No baggage. No Asian deference to US. Pretty eye opening
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New generation of founders have role models in Jack Ma, Mikitani, Jay Lee (Nexon) etc. Discovered best practices from US - all available online. Same infrastructure and substrate - sometimes. Only thing missing was capital.
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There is also a more nomadic mindset - willing and wanting to travel to different parts of Asia routinely. Feels like the future as world becomes more distributed, not centralized.
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The best founders also internalized from US that user trust is the moat. "Dont be evil" and "Connect the world" are ruthless business strategies, not an aspiration...
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The best Asian founders beg for forgiveness later, just like the best US founders of the last cycles. Big advantage.
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Founders in the US are now forced to ask for permission before (relatively speaking). Huge disadvantage.
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