Wednesday, January 11, 2017

Week 1 - Shannon Trinh

As discussed in class, start-ups are intended to lead to the next “big thing” – something that is believed to be revolutionary, different, and influential. They are created by devoted people with big ideas and the ambition to create.  However, startups don’t survive off of one idea alone – they have to grow and develop, and fast. One of Paul Graham’s important strategies behind building a start-up is to know what the users want, and to cater to just that. As an analogy, one can think of the country of Korea as one big start-up by these definitions – the government and industry seem to know exactly what the people want, and are willing to allocate any given amount of money and resources towards it.  Once serving a country struck by war and poverty, the government eventually succeeded at bringing Korea to their potential “national aesthetic” by making enormous investments in certain systems that would appeal to the people. For example, because the international spread of Korean culture is so reliant on the Internet, Korea’s government ensures all people (rich or poor) a way to access the web in their households. Furthermore, they pour loads of money into the entertainment industry, cranking out “perfect” Korean pop stars by the dozens, and ultimately building a distinct reputation for Korean pop culture and increasing national pride. The overall history of the re-branding of Korea’s culture and economy shows quick progression, just like a successful, growing startup. Just in a few decades, Korea was almost completely transformed with new values, products, and people. They have rapidly come up with entertainment groups, trends, and technology that are exclusively known to be from Korea. The masses of individuals behind this “start-up” have ultimately created something that would transform the face of nationalism for generations to come.  

Question: In which cases have “national start-ups” failed? Have other countries tried to do the same but fell unrecognized?




Sources used: 
Eung Hong. "The Birth of Korean Cool: How One Nation Is Conquering The World Through Pop Culture." 
Paul Graham. "How to Start a StartUp" & "Startup = Growth" 

http://www.recruitmentagencynow.com/wp-content/uploads/2013/05/growth.jpg

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