"A key part of the innovation and startup ecosystem is the notion that it is a repeated game, which is that most startups fail. That's actually just a fact of life, which means you probably want multiple shots on goal before you hit it. And the only way you get multiple shots on goal is if you maintain a reputation for integrity so that people want to do business with you." - Shiyan Koh
"The interesting part is that some markets, especially in Southeast Asia, are more opaque and some markets are more transparent. For folks, especially in Singapore, it's relatively dense. There's a sense that Singaporean founders tend to be more plugged in and in-the-know of the various regional VCs, whereas if you are a first time founder from a part that doesn't have a very strong startup ecosystem, then you're very much just working off online materials, which is often a mix of blogs, podcasts, and articles, but not necessarily doesn't cut to the chase of like, are they a good partner or board member. Tthis levels the playing field, but I think there's several iterations of product market fit." - Jeremy Au
"If you have a society that punishes wrongs, then people will embed that into their calculation from a rational basis, whereas if you're in a society where we don't have transparency, we have opacity and we don't punish bad behavior, then people just do it. If they don't, not that they want to do it but if they end up doing it, they're going to get penalized, so I think that's the tricky part of the ecosystem." - Jeremy Au
In this episode, Jeremy Au speaks on Singapore founders reviewing VCs, the startup fraud triangle, and difficult wind-down decisions with Shiyan Koh.
Keywords: Singapore, Founders Reviewing VCs, Startup Fraud Triangle, Difficult Wind-Down Decisions, Shiyan Koh, Singapore, VC, Thought Leadership
