Asian Startup Failures: Lessons and Case Studies for Success

Within these fragmented markets and different regulatory landscapes of Asia, one of the strong themes touches upon the headache of scaling operations startups face. These cultural nuances and regulatory differences get in the way of allowing consistent growth to happen. In reality, most startups have actually failed due to the lack of localization of Western business models, which results in low customer adoption and operational setbacks. It also perpetuates the culture of over-reliance on venture capital in scaling at all costs, which usually creates pressure to conduct irresponsible growth practices from high customer acquisition costs with little regard for retention which undermines the long-term viability of startups.