Expert Interview for Founders Lair

Curious about Thailand's startup ecosystem? 🇹🇭
Here are the essential tips extracted from this exclusive interview, with Matas Danielevicius, Co-founder of Whatnot Startup Studio👇👇

⭐Industry Selection Matters: Choose industries like food, agri-tech, and travel that are open to innovation. However, approach highly regulated sectors like FinTech with caution due to complex regulations and big corporates’ control.

⭐Ecosystem Advantages: Government support, an open mind to innovation, affordable facilities, and SEA-friendly location make Thailand a good place to start a business.

⭐Tech Talent and Outsourcing: Thailand faces a shortage of tech talent, with outsourcing to countries like Vietnam and India being common. Local talent tends to gravitate towards corporate roles due to higher salaries.

⭐Cultural Understanding is Key: Research and understand Thai culture to effectively work with mixed teams and clients. Employees’ low loyalty and lack of critical thinking are the key challenges that founders might face.