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Southeast Asia's tech startups are chasing the American dream
- Southeast Asian tech startups are increasingly targeting the US market for growth, shifting focus from local markets to the US driven by AI technology.
- Startups like JigsawStack from Southeast Asia are building products for US-based customers, finding a growing customer base in the US.
- The US market offers advantages in concentration, maturity, and less price sensitivity, attracting global tech industry players.
- Southeast Asia's economic growth has led more startups to prioritize building products for the US market rather than local markets.
- US orientation for Southeast Asian startups signifies a departure from focusing solely on local markets due to market concentration and advantages.
- Southeast Asia's diversity in languages and markets makes focusing on the US market appealing for startups looking to consolidate efforts.
- Having American customers can aid fundraising for Southeast Asian startups, offsetting biases and attracting more investment.
- Southeast Asian startups often possess an underdog mindset, working harder and showing hunger for success.
- The US market is seen as a hotbed for innovation and deep market engagement for startups like Realfast and Patsnap.
- While considering expansion to the US, Southeast Asian startup founders weigh benefits of staying in regional hubs like Singapore for business ease and advantages.
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