Markets for consumer internet start-ups have become international.
Recent successes of global platforms such as Facebook, Twitter, Apple iPhone and Google Android took place on the back of the proliferation of technology and trends such as the Open Web and its standards, advanced software development methodologies (i.e. Agile), and the availability of cloud infrastructure.
As a result, startups, particularly those innovating in the consumer Internet space, have seen their cost of product development significantly lowered and their pace of innovation accelerated. Entrepreneurs are now able to bootstrap with less, and iterate on their products and services quicker.
These trends are changing the way and timing of how companies raise funds, how venture capital works and has provided an opportunity for a globally networked, early-stage focused consumer Internet fund.
Neoteny is participating in this new trend with like-minded angel investors and venture capitalists, with a focus on Asia and the Middle East.
