Josh Anstey’s Blog

Yes, that’s right, you are reading correctly. As Entrepreneurs, and specifically Internet Entrepreneurs, there is often the misconception, that to make an online venture work, and to succeed in this web world of Web 2.0, you need to be in Silicon Valley, USA or somewhere else in the country.

Last week, Mary Meeker, managing Director of Morgan Stanley’s Global Technology Research Team, said that the US was becoming less relevant in this web world.

Meeker’s presentation shows that the fastest growth was outside the US.

• Germany is winning the E-Commerce market
• China is winning the online gaming market
• South Korea is winning in broadband
• Japan in winning mobile payments
• United Kingdom is winning in online advertising
• Brazil and South Korea are winning social networking
• Philippines are winning in micro-transactions via SMS

So for all internet entrepreneurs out there, don’t be de-motivated or disheartened if you are not in the US. You can still succeed. If your country is in this list, there are great opportunities is some markets, and if your country isn’t in this list, challenge yourself to create a technology that will put it there.

If you want to read the original article, click here.

This entry was posted on Monday, October 22nd, 2007 at 12:10 pm and is filed under Business, Entrepreneur, Ideas, Marketing, Start-ups, Trends, Web 2.0. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.