> you can't make it big (think the equivalent of Stripe in the US)
Hehe. We might be 2nd or 3rd degree connects. Are they that fintech HQed near the crescent mall?
> The system is pretty much set up to require a back channel to the people in the government who can make or break a company
Exactly. Welcome to "emerging markets"
> when you're talking about the companies raising $100M USD in a round, it starts to matter a lot
Lower rounds too. Big reason I got spooked by the VN scene. It's exactly the same kinda shit you'd deal with in China, India, or Indonesia, but way less RoI.
Kinda sad honestly, there is a lot of talent, but leadership and policymakers there don't have the breadth needed to make the next Thailand or Malaysia (despite having the right fundamentals).
If they can attract the successful 2nd and 3rd gen Viet Kieus in the US, Canada, and Australia (the Harvard, UCLA, UNSW, UToronto grads) at the policy level, I think there is a lot of potential.
Hehe. We might be 2nd or 3rd degree connects. Are they that fintech HQed near the crescent mall?
> The system is pretty much set up to require a back channel to the people in the government who can make or break a company
Exactly. Welcome to "emerging markets"
> when you're talking about the companies raising $100M USD in a round, it starts to matter a lot
Lower rounds too. Big reason I got spooked by the VN scene. It's exactly the same kinda shit you'd deal with in China, India, or Indonesia, but way less RoI.
Kinda sad honestly, there is a lot of talent, but leadership and policymakers there don't have the breadth needed to make the next Thailand or Malaysia (despite having the right fundamentals).
If they can attract the successful 2nd and 3rd gen Viet Kieus in the US, Canada, and Australia (the Harvard, UCLA, UNSW, UToronto grads) at the policy level, I think there is a lot of potential.