SXSW Interactive 2013
Asian Entrepreneurs Struggle with Fear of Failure
To many young Asian entrepreneurs, starting a company is an act of rebellion. It means defying the lessons of parents, teachers, and culture, who say: Be proper. Find a stable job. Don’t take risks. It means - in many cases - feeling uncertainty, shame, and fear of failure. It’s a struggle that will continue as these entrepreneurs gun to compete with US companies, get funding from US investors, and partner with US corporations.
This panel discusses where fear of failure comes from, how it affects Asian startups today, and what it means for the future of Asian innovation. It will include stories from the moderator's recent 6-month trip to 7 Asian countries interviewing over 100 entrepreneurs and investors.
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Additional Supporting Materials
- Where do fear of failure and risk aversion come from?
- How does fear of failure affect the growing startup scenes in Asia?
- What are Asian entrepreneurs and organizers doing to change the culture?
- Can Asian entrepreneurs overcome these hurdles and become global innovators?
- What lessons can other entrepreneurs learn from this situation?
Kira Newman, Senior Writer/Editor, Tech Cocktail