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Global Startup Cultures: Looking Beyond Silicon Valley

Thursday, August 18th, 2016

Silicon Valley has peaked.

The ballooning costs and relentless competition entrepreneurs face in the mother of all tech startup ecosystems might make Silicon Valley more of a suffocating force than a supporting factor in terms of locale.

As software eats the world, governments on all levels – and in every region – understand that tech innovation is a vital component of economic vitality. This recognition, and the resulting policies governments implement to support tech startup ecosystems has undercut the rush among startups to Silicon Valley.

Meanwhile, global tech ecosystems each have their own unique cultures, which tech entrepreneurs can leverage depending on the markets they’re trying to reach and the problems they’re trying to solve.

A scan of social media data and search results reveal how culture shapes and defines the world’s tech ecosystems.

Here are the results.

North AmericaLatin AmericaEuropean UnionMiddle East and North AfricaSub-Saharan AfricaIndia and PakistanEast AsiaSoutheast AsiaAustralia and New Zealand

Global Startup Cultures – Latin America

Thursday, August 18th, 2016

Latin America’s startup visas and low costs are helping the region become a hot destination for foreign startups. Chile is setting the example for the rest of the region to follow by providing seed funding, mentorship programs, and a ‘soft-landing’ approach that protects talent and investors from high risk scenarios.

Latin America

North America | European UnionMiddle East and North AfricaSub-Saharan AfricaIndia and PakistanEast AsiaSoutheast AsiaAustralia and New Zealand

Global Startup Cultures – Sub-Saharan Africa

Thursday, August 18th, 2016

Mobile phones and communication are key drivers as Sub Saharan Africa’s startups benefit from an ‘internet-consuming’ culture that’s just ramping up, with usage increasing more than 7400% in the past 6 years. Though most of the hardware comes from other regions, low barriers to entry are creating an abundance of software and app opportunities for startups.

Sub-Saharan Africa TechPortfolio_Twitter_Data_Headline - 816x459

North AmericaLatin AmericaEuropean UnionMiddle East and North Africa | India and PakistanEast AsiaSoutheast AsiaAustralia and New Zealand

Global Startup Cultures – Middle East and North Africa

Thursday, August 18th, 2016

At the center of the East, West, North, and South, this region’s common language and shared regional history creates camaraderie amongst young entrepreneurs seeking bottom-up change. Millennials are approaching political and economic unrest with ‘an app for that’ mentality to tackle problems that would otherwise ‘take a generation to fix’.

Middle East and North Africa TechPortfolio_Twitter_Data_Headline - 816x459

North AmericaLatin AmericaEuropean Union | Sub-Saharan AfricaIndia and PakistanEast AsiaSoutheast AsiaAustralia and New Zealand

Global Startup Cultures – India and Pakistan

Thursday, August 18th, 2016

Young founders in India and Pakistan are craving robust tech ecosystems and dismissing their countries’ political differences to connect across borders. Success is important but so is social good as entrepreneurs collaborate online, and engage in dialogue about the future of their businesses and their countries.

India and Pakistan TechPortfolio_Twitter_Data_Headline - 816x459

North AmericaLatin AmericaEuropean UnionMiddle East and North AfricaSub-Saharan AfricaEast AsiaSoutheast AsiaAustralia and New Zealand

Global Startup Cultures – East Asia

Thursday, August 18th, 2016

East Asian tech ecosystems are beginning to embrace ‘meaningful’ failure’ as foreign educated millennials build tomorrow’s high-stakes companies. As the stigma and fear of failure erodes, net valuations of startups could increase, fueling greater innovation in the region.

East Asia

North AmericaLatin AmericaEuropean UnionMiddle East and North AfricaSub-Saharan AfricaIndia and PakistanSoutheast AsiaAustralia and New Zealand

Global Startup Cultures – Australia and New Zealand

Thursday, August 18th, 2016

The lands down under are leveraging their laid-back, fun loving approach to generate their own luck in an increasingly risk-tolerant environment. Surrounded by rich landscapes, Australia and New Zealand’s livable lifestyle echoes that of the Valley. The region is also a gateway to the Asian markets.

Australia and NZ

North AmericaLatin AmericaEuropean UnionMiddle East and North AfricaSub-Saharan AfricaIndia and PakistanEast AsiaSoutheast Asia

Global Startup Cultures – Southeast Asia

Thursday, August 18th, 2016

Lack of Series A funding and risk aversion in Southeast Asia creates a revenue-seeking culture that burns through cash slowly. Unlike in North America, profit-and-loss spreadsheets are critical and the terms cannot be redefined at will. Series C funding is plentiful for startups that are willing to bootstrap their way to success.

Southeast Asia TechPortfolio_Twitter_Data_Headline - 816x459

North AmericaLatin AmericaEuropean UnionMiddle East and North AfricaSub-Saharan AfricaIndia and PakistanEast AsiaAustralia and New Zealand

Global Startup Cultures – North America

Thursday, August 18th, 2016

Silicon Valley sets the tone for North American startups that thrive on high-spirits and “exalted individualism” in well-supported entrepreneurial ecosystems. While a drive for user growth over revenue is shifting to revenue-first, failure is still considered a celebrated milestone.  

North America

Latin AmericaEuropean UnionMiddle East and North AfricaSub-Saharan AfricaIndia and PakistanEast AsiaSoutheast AsiaAustralia and New Zealand

Global Startup Cultures – European Union

Thursday, August 18th, 2016

Europe is not a single state, especially after Brexit. Despite the region’s disparities, European tech ecosystems love collaborating and fostering communities in co-working spaces. Across Europe, the number of co-working spaces grew 36 percent from 2014 to 2015, providing a sense of community and opportunities for exchanging ideas.

European Union TechPortfolio_Twitter_Data_Headline - 816x459

North AmericaLatin America | Middle East and North AfricaSub-Saharan AfricaIndia and PakistanEast AsiaSoutheast AsiaAustralia and New Zealand