South Korea, once referred to as the ‘Land of the Morning Calm,’ has emerged as one of the key startup hubs in Asia. Having witnessed firsthand the changes in this once conservative and shy nation, the pace of change is amaizing and the hunger with which local founders are embracing the challenge and opportunity presented by entrepreneurship. As predictable and arduous corporate careers begin to lose their appeal in a country still dominated by big names such as Samsung, Hyundai, and LG, there are strong signals that innovation will begin to shape the economic landscape in the near future.
Every entrepreneur and would be startup will remember in 2013 when Yahoo snapped up Tumblr for US$1.1Billion, and the story of its founder, entrepreneur David Karp. At only the age of 27, Karp is estimated to have received around US$220 million from the deal. So how did Karp actually get set up in the first place, although he eventually raised capital through venture funding, Karp launched his hugely successful social blogging platform from a simple idea. His inspirational story paves the way for many young visionary dreaming about launching their own startup business and the next big idea in the market. Here are 10 tips from the business blogging community for creating the next big startup success story, from a simple idea: