Eyeing Expansion in Asia? Crucial Advice You Don’t Want to Ignore

Monday, November 5, 2018

By Kendall Fisher, executive producer at Grow Wire

If you’re a business leader or entrepreneur, growing your company globally is likely somewhere on your list of goals. And if you’re going international, expansion into Asia is not only beneficial, it’s necessary.

On this episode of the “Grow Wire Podcast,” our host Jason Maynard sat down with Michael Smith—a current VC with SeedPlus, a funding firm out of Singapore—who has not only worked nearly two decades in the Asian market, but he even started his own business (a bar!) while living there.

Early in his career, Smith took on a successful global sales position with WebLogic, which was later acquired by BEA Systems. When BEA offered him a role as the principal technologist in Hong Kong in 2000, he couldn’t resist, and he’s lived in Asia ever since.

From Bangkok to Singapore, Smith has worked for the likes of Yahoo and Spuul and opened his bar in Thailand. He knows the Asian market inside and out, and he shares his lessons learned along the way and advice for anyone else looking to expand their company overseas, build a team in a foreign market or simply take on a career in another country. He reveals some of the experiences that can be applied in the U.S. and other big markets, including some insight into Yahoo’s mistakes. 

Finally, Smith dives into his current role as a VC, the surprises that come with it and some solid advice for business leaders when it comes to growing and building a global team.

For all of this and more, listen to the full podcast episode on Apple Podcasts, SoundCloud and YouTube, and as always, don’t forget to rate, review and subscribe.

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