How VCs drive (and murder) global startup ambition in Japan

This podcast episode delves into the challenges faced by Japanese startups in their pursuit of global expansion, as presented by Ken Yasunaga, founder of Global Hands-on VC. Despite a burgeoning startup ecosystem with increased funding and entrepreneurship, many Japanese firms remain rooted in their domestic markets, often falling into the "IPO trap" that prioritizes local success over global ambitions. Yasunaga discusses the "innovation dilemma" that ensues from this focus, suggesting that early internationalization is key to avoiding stagnation. He emphasizes the vital role of investors, particularly foreign VCs and mentors, in providing the operational guidance necessary for startups to thrive globally. Additionally, the proactive involvement of the Japanese government in fostering innovation helps reshape the entrepreneurial landscape, although it continues to face cultural challenges.