Re:Why a Successful Valley Entrepreneur Started a Tech Incub...
by jernfrost on Monday July 03, 2017 @04:09AM
(#14686686)
Most of these countries are developing countries with low education levels so obviously it can't be broad, but of course in any country there will be a segment of the population who are well educated and/or affluent. Take China, most Chinese are dirt poor but because there are so many Chinese you can go to modern enclaves like Shanghai and never experience this poverty.
In general however return on investment tends to be high in developing countries because they lack so much. There are lots of businesses you can start with minimum competition. E.g. I've seen many stories about poorely educated Chinese getting rich in Africa. They start shops, facories and all sorts of stuff lacking
Re:Why a Successful Valley Entrepreneur Started a Tech Incub...
by ejanus on Monday July 03, 2017 @05:47AM
(#14687072)
>>poorely educated Chinese getting rich
Why can't educated Chinese do same ?
Re:Why a Successful Valley Entrepreneur Started a Tech Incub...
by bobabooey02 on Monday July 03, 2017 @06:30AM
(#14687241)
They can, and many do succeed. In the US right now, education is a proxy for class, so saying the uneducated Chinese can succeed is like saying the Chinese lower class can succeed, which isn't necessary true. It requires capital to start a business, not education.
> The other is Saya, the first African company to pitch at TechCrunch Disrupt. Weeks before the event the founders didn’t even have passports!
It is very cool that there are already success stories.
Without ever being in Africa, I lack the knowledge and wonder if the current infrastructure is capable of supporting knowledge-based economy on a broad scale, but it's certainly good to see that high tech businesses could thrive there, and incubators are getting created.