The role-model effect in Asia

This is an older video from 2010 in which James Hong, founder of HotorNot, discusses startups in Asia, specifically Singapore.  He touches on what I’ll call the role-model effect, where people decide to become entrepreneurs once they are exposed to the successes of others.  In many countries, there may be a snowball effect in which successful startups inspire an increasing number of people to try out their hand at becoming founders, which results in an increasing number of successes and so on.  I imagine it especially helps when the big successes are in the consumer area so that more people are exposed to them (like Facebook, Google, etc. in the U.S.)

James notes that Singapore in particular is doing a good job of encouraging an entrepreneurial culture and promoting incubators.  Check it out:

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