According to Harvard Business School, 75% of venture-backed startups fail. Startups have one of the hardest possible business tasks ahead of them — every single one of them is attempting to bring a new product to market. Perhaps that is why failure seems to be a critically important part of the startup ecosystem. Despite the risks involved, Asia’s moneyed families, who are rising in the ranks of the world’s richest people with assets of more than $17 trillion, are showing an increased interest in the region’s red-hot tech scene.
