Thinking globally to create successful startups – EJ Insight

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The Legislative Council Secretariat’s Research Brief on Global Competition for Talent in June analysing a number of local talent admission schemes in the past 10 years found that the results were not satisfactory: “Various talent admission schemes have met with limited success which has aroused the concern over Hong Kong’s competitiveness in attracting talent."

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The key to startup success – ejinsight

Ejinsight_4Feb2020_as

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Unicorns are rare. American research firm CB Insights tracked more than 1,100 technology startups which raised their first seed funds from 2008 to 2010, and found that less than half could secure a second round of financing, and that the startup numbers continued to decline with each round. Only 15 percent of the firms could get the fourth round of financing. Meanwhile, there were only 12 companies that could become unicorns, names such as Uber and Airbnb.

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