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Silicon Valley in Malaysia?

March 22, 2012
I originally posted this on the WebCamp Malaysia Facebook group. I think I should really write a proper post about this.

Vishen Lakhiani from MindValley posted a challenge on the WebCamp Malaysia Facebook group to try to start a 1M fund in Malaysia in order to help grow the Malaysia local entrepreneurship. There are some interesting opinions on that thread. If you are Malaysian entrepreneur, you should really read it.

Most of the people on that thread were trying to argue how we could resemble Silicon Valley and move the success model of Silicon Valley into Malaysia. Personally, I think that there are a few flaws in that argument. In this post, I will list a few examples that I experienced in Silicon Valley which will never happen in Malaysia/Kuala Lumpur.

It is not impossible to create such model in Malaysia/Kuala Lumpur, but, it takes time. And, funding markets develop in reverse, you need one big success like the early Hewlett-Packard to work all the way to the mature funding markets in Silicon Valley today.

So, who will be the Hewlett-Packard in Malaysia?

Photo taken by sierra2u.

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I'm Teng Siong Ong aka siong1987, enjoying working on startup, cofounder of GraffitiGeo (Y Combinator S2009), acquired by Loopt, started FLOChip. Now, I am working on a stealth startup while studying at UIUC. You can follow me on Twitter.

If you want to talk to me about this post, you can send me an email.