The Missing Ingredient
South Korea has one of the most well-educated populations in the world. It has more than 100 VCs managing billions of dollars in venture funding. Small and medium-size businesses are everywhere. 8 out of 9 employees work for a small or medium-size business. Korea is a huge exporter and dominates markets like mobile phones, cars, and consumer electronics.
With these ingredients you would expect Korea to be a startup powerhouse. Yet it's hard to point to any successful startups that have become a global success, excluding perhaps, global music sensation, Psy.
What is the missing ingredient that is needed?
We believe the "secret sauce" consists of experience and know-how. Israelis live and breath startups. It sometimes feels as though every other Israeli works for a global startup. This vibrant entrepreneurial environment has led Israeli startups to produce some of the most important technological innovations in the past 30 years.
Connecting Korean startups and Israeli mentorship can provide the winning formula.
