I think we agreed on most points but I wanted say something on the funding.

On the lack of funding, notice I didnt point the finger at the government. I am aware of MDA 500M fund for IDM and there are several other schemes you can tapped upon too as a start-up.

There is something wrong with a culture that needs the government incentives/grants before stepping out to start your own business but thats another story for another day.

Yes, you dont need a lot of money to start a web 2.0 company. 10k to 20k probably get you a prototype. But you definitely need more money if you want to grow, no less than 1/2m to 2m. Then you may need another round of 10-20m to give you a final push if you are lucky to go to IPO stage.

The problem in Singapore is the 1/2m stage. If you are rich enough to fund it yourself, good for you but otherwise, this is where most startup dies. Sadly, we dont have local investors.

Development of the natured instinct of people would set to revolve the education system worldwide in the years to come because genius could be made.

Natured instinct on the variable provided by education.
We know there were founders of the top dotcoms choose to drop out half way from the universities to explore their believes or ideas. Sim Wong Hoo did not continue his study after poly. These were the people found the time spent exploring on their own would gain more than the time spent on being trained. Education teaches what is known and which provides the variables for success. These people worked on these variables and had created new business models and new invention that had moved the world.

We all kwon determination, resilience spirit, passion and creativeness are the main ingredients for success. These are the trait that could not be taught and trained. It is just natural occurrence when a person believes in something and finds the value for insistency in exploring it. Naturally this person would become wiser and braver as he or she has less fear and less worry, less hesitation and so less time is wasted. If this person has the unchallengeable faith in what he is belief and doing he has no fear and no worry even at the cost of his own life.

What is the core factor that makes these people, entrepreneurs, inventors and even terrorists different from the general public? This is the natured instinct that they could unconsciously maintain and develop further on the known variable provided by the academic training or the society.

Natured instinct on wars and terrorist.
The most powerful elite group rules US that dominate the world, but the US failed in China war, Korea war and Vietnam wars. These were the natured instinct of the leaders won over the intelligently intuited instincts.

These lesions have not been leant, as there is terror war going on, though the outcome yet to know,

The intelligence analyses all the factors and launched the wars. But the natured instinct of the people of the opposite could not be measured and analyzed intelligently or were not known to the intelligent. The intelligent could not understand and the intuited instinct blinds to it.

The failure of Adolf Hitler was the result of his natured instinct acting on his deteriorating total cognitive sense. The quality of the natured instinct and total cognitive sense of a beggar developed that created the Ming Dynasty. The natured instinct explains the trait in LKY who had built Singapore.

Nobody has ever talked about the natured instinct in detail. Today only the top leaders of the terrorists know well. They might be inspired and leant from the way the Japanese building of the Kamikaze (”divine wind”) military suicide attacks

These were the intelligent leaders who knew the ways to engineer the natural growth of the natured instinct of the suicide attackers. It was natural growth because it was not by force but by incubation or guided to enable the natured instinct of the suicide attackers to believe and find the values to for the mission. At all time having full faith and unshakable determination and knowing their actions would cost their own lives.

Natured instinct could be engineered because these leaders have the capability to create the beliefs and inspire the natured instinct of suicide attackers.

The motivation of the suicide attackers in today terror war or Kamikaze in World War II remains debatable. But the natured instinct of human could be the ground to initial the summery of it.

The suicide attackers were not fool. By definition of success, their successes in missions were no different than the success by entrepreneurs and inventors.

The intelligent- the elite groups that rule the societies.
All the professors in all trade, all the policy and decision makers in all democratic governments and all CEOs if they are not the founders of the enterprises, their instinct are the most intelligently intuited by the academic training and most influenced by the social norm and family education.

The brightest and most intelligent form the elite groups that rule the societies. By nature of the intuited instinct as what they are trained of, they make all policies and decision depends on the justification of intelligent analysis. This has been how the education system evolving to meet the societies needs as decided by the decision makers.

If a decision maker emerges to act the way as entrepreneur or inventor to talk something in the policy or decision making against the intelligent analysis by the elite group. He could not be accepted. A single natured instinct against the intuited instincts and risk against stability as in the case of death penalty to Socrates by the rulers then.

The entrepreneurial spirit of Singapore.
Singapore has been showing the world how efficient its education system have been transforming our nation from the 3rd to 1st world, how the individual entrepreneurial spirit has evolved to be the governmental entrepreneurial spirit, how the disruptive technology could be applied to a nation development through such entrepreneurial spirit evolution.

The Singapore brand name and its world top ranking in many field is mainly the result of the governmental entrepreneurial spirit. Singapore has defied in “Remaking Singapore” the entrepreneurship is one of the engines of the economic growth of the Singapore future. An entrepreneurial nation, graceful society, globalised and cosmopolitan city and a global hub for many fields have been the vision for Singapore future.

Singapore may be able to built all these in 2 to 3 generations as what Singapore have taken to reach what it is today. We know of our capability and limitation and we also know of many factors possibly affecting the stability of the world and regional are beyond our control. There are too much of risk to anticipate over a span of 2 to 3 generations.

Could we do it in 20 years time to accomplish our vision for our nation?
All the instincts of our children are intelligently being intuited as what it has been going on for the generations. As a result and individually, we are lack of capability to see opportunity beyond the intelligent analysis, the mindset that could not think independently and creatively with a global view. We could not find the value and believes for creation to explore on and so no resilience spirit and passion, which produce no great actor in all fields,

If the decision makers understand, take the lead and make known to the people of the different of the intuited instinct and natured instinct, it would generate the explosive response and would become a national exercise because the intuited mindset of individual would be freed to allow new creation of ideas, resilience spirit and passion to flourish. The billions dollars and human resources spent on developing the people and nation would then be much better yield as it would generate new and benefit the possibilities that are excluded from the intelligent analysis the way we used to.

The most naughty and the worst performers in the schools could possibly emerge to be the great entrepreneurs or geniuses if their natured instinct could be engineered to growth naturally.

Make changes in educational system and guideline to let the children learn what they like, guided and not forced, and so the potential of their inherent talent could be maximized

Flourish in many yield of talents like Ike See a young musical prodigy, spotting and growth of talent as Sim Wong Hoo would be better chanced, the people and decision makers would love to embrace if the natured instinct is understood.

On the experience and platform, of the economic and national stability that has been built, of the evolution of entrepreneurial spirit to governmental entrepreneurial spirit, an entrepreneurial nation, a truly great city and its people possess the “X” factor could be built in 20 years time. The natured instinct of people must be made known as it involves the welfare of everyone, the next generation and Singapore future.

The natured instinct in the process of civilization.
Wars and Colonization were part in series of civilization and human evolution. When chaos happened in a society, people with the natured instinct emerged to fight for survival or for whatever reason to establish stability. Once the stability was established, people was educated or forced to abide to the law. Either by education or force the instinct of the people was intuited. This has been the path of civilization as intended by the founding rulers or the elite group. After generations of stability, the instinct of rulers and people in the elite group as all ordinary people were intelligently intuited in the education system and the social norm.

Social stability flourishes civilization but at the expense and scarification of the natured instinct of human. The increase of intelligence to society decreases creativeness in individual.

Natured instincts have been engineered to produce suicide attackers. The great businesses and inventions have been created unconsciously by the natured instinct of entrepreneurs and inventors. This has not been commonly known because the natured instinct could not be measured by intelligent analysis and comprehended intelligently.

Following the exposing of the use of the natured instinct by the terrorist for weapon of destructive, the use of the natured instinct for constructive purpose that benefit to the mankind by the democratic world would emerge.

The development of the natured instinct of people would set to revolve the education system worldwide in the years to come.

Whether genius is born or could be made would be no longer a debate.

Not knowing about LAMP (Linux, Apache, MySQL, Perl/Python/PHP) systems? That’s really quite sad. Not not knowing about LAMP per se, but not knowing about systems that aren’t covered in normal coursework, or part of their everyday environment. Contrast that to Stockholm (where I am now), where students use a variety of OSes across their laptops, and lab machines. Unlike in NUS where there is almost a Windows/Microsoft-only monoculture. (.. and I had a friend in Computing ask me what “Firefox” was.. no kidding)

We need people who are willing to explore, willing to tinker. People who think skipping a few lectures to develop a new, cool web service or widget isn’t a deadly sin =) People who code for fun and passion and not for grades.

And with such tinkering, eventually something good might emerge (a Web 2.0 company maybe?) and encourage this culture further (E27 is actually doing quite a good job of promoting this actually). Give it enough time and VCs might eventually divert their love back to Singapore.

“Web2.0 or not?” perhaps shouldn’t be the question at hand. True, the industry might change, new trends and markets might emerge, but what’s really important is what we are going to do about it. If we lack the drive and passion to explore, that’s not really going to help very much, regardless of how much funding we have.

I do agree with you that money is not the most important when implementing a new idea of product or service. It is the instinct or intuition and more on the strong and always unchallengeable believing to
make the decision on the existing condition for the commonly unknown or unexplored. This is what makes the different of entrepreneur and inventor than the businessman and general public.

The unusual value paid for youtube and skype, market cap. of Google have brought up the world attention of new and fastest way of wealth creation. Unavoidably, new web startup and existing dotcom may not project how much their business worth in number of years but expectation is always there. Such expectation or dream naturally comes with planning of revenue generation.

The founders of youtube, skype, have proven the great success of applying new use on existing resources and creating of new business model. time needs to tell if they are the inventor or entrepreneur. The VCs involved believed and has the capability to see thing others do not that make them different.

I agree with Harro “To encourage Web 2.0 foolishness in Singaporean youth is not wise at all.”

The Web 2.0 could be replaced by anything in near future. What is winning odd the SG web 2.0 to grows up to compete in the world market? It may be viable to work on web 2.0 to explore and create new business model.

An idea to offer here, I have been talking the “intuited instinct and natured instinct of human” Should anyone spend a bit of time to study it further. Work on it if value is truly found, you may make a fortune out of it. This may be a new concept of the instinct of human and may not have been explored before. It is against the general belief that geniuses is born and could not be made.

I would appreciate greatly if anyone has different view than what I put across here about the instinct. My view may be wrong?

Lack of talents.
This should not be a question; a new startup should know what the technology and coding skill to adapt to embark on the idea. If he does not know he would have to learn to master it. If one has the money to employed people to do the coding and if no talent could be found he could get the second class and he should have capability to inspire the employee to be creative. Many new business model of Web 2.0 are the new use on old technology. The idea and speed of bringing the product to the market that counts. Create something from nothing is nature to entrepreneur and inventor.

VCs. Fund in Singapore.
Should your business or startup has the honey, let the VCs smell it by the nose, they will come. You tell them yours is web 2.0 and show them the honey, they would take it as poison. Hard instinct dominated the intelligence happened only once during the dotcom rush.

Market is small.
Local market is truly small. To think the Internet cyberworld is small is to limit ourselves. Asia is virgin land to grow the top dotcom. Sg has every thing ready but lack of actor.

“Is there a problem”,
It is big problem to each individual, and bigger problem to our next generation. And the sum of all these problems is one of the main factors to decide the destiny of SG in the coming years.

The root of the cause of all the negative view about the creation of web 2.0 in sg is the same as the negative view about entrepreneurial spirit in sg- These are all natural and correct view by the people with the intelligently intuited instinct. The natural outcome of the intelligent analysis which could not and the intuited instinct choose not to see the opportunity beyond the cloud.

This posting is long to read, it explains fundamentally to the problem everyone is facing.

It is the world and our own common belief, today in Sg, the government entrepreneurship is leading but the individual entrepreneurship is lacking.

Why there is no sg dotcom playing in the world stage given the advances of the financial, Internet, logistic and technological insfrustratural, sg brand name and all the government assistance schemes in places?

Why we are still debating the possibility of the creation of web 2.0 while there are many successes and failed web 2.0 life story happening in the west? It is also general feeling that sg is a nanny state to the extent that cover walkways built everywhere to shield us from rain and sun.

Singaporean supported and built the government. It built up sg into an intelligent society. The success has been mainly contributed by the adopted education system. Our parent and we went through that system that we were trained and expected to be good employees or administrators. The government to its people is just like a extreme strict and kind parent to their children. We made the government what it was, it made us what we were. In time of difficulty and need, people look to government for help is of no wander, but how many people and to what extent and how long the government could help.

The govt. was seriously concern the future of sg at time of difficulty and it was instrumental to the implementing “Remaking Singapore” since 2001. We could see how it was efficiently planed and implemented as other public policies. It has not been effective on one of the engines of sg future growth as defined- entrepreneurial spirit. A lot of activities on entrepreneurship are still going on but we do not see the light, what we see are the debates going on- positive vs. negative and negative prevails.

The difficulty of job perspective faced by people elder than 30s, the lack of entrepreneur and fear of failure is the consequence of the world competition raised by the globalization and incidentally by our education system. This has been a known fact. How and to what extent the education system affected the mindset of individuals, it has been many opinions going on. All the opinions are bolt down to the instinct of human. The instinct of individuals has been excellencely and intelligently intuited under the governing policies and the education system.

The answer to the govt. call to make sg an entrepreneurial nation and to help ourselves by changing our own mindset for living better for the years to come is just to understanding the different of the intuited instinct and natured instinct.

If this is a true answer, the govt. has the responsibility to take the lead.

The natured instinct that resides in everyone of us is the answer to the “X” factor that our PM Lee mentioned in the speed on the 3rd Dec 04.

“But ultimately, what determines a great city is that extra “x-factor”. You cannot quite explain it, but you know it when you arrive in a city that has it. It is the quality that brings pride to the people living there and at the same time excites visitors. The outlook is globalised and cosmopolitan. You immediately feel the vibrancy and excitement, the opportunity and optimism. You want to work and play all day and all night, because there is too much to see and do, and the city never sleeps.”

I would say all entrepreneurs and inventors with the “X” factor willing to work all day and all night for realization of their ideas and dreams. Only one thing in their mind, “keeping on exploring until success” No fear and no worry, no hesitation and so no time is wasted.

The below stated is retrieved from my blog.

Natured instinct of entrepreneur.
Knowledge, experience, social statues, wealth, education, networking etc individually could only be variables on path to success but appropriate natured instinct determines the success.

The best combination of the variables could make individual and the governmental entrepreneur to build great enterprises on the existing resources, technology invention on its existing base. They build on the known condition today and of the future.

Creation of a new business model, an invention of new technology, growth of genius of all type are all based on the natured instinct on the existing known condition to explore the unknown or commonly unknown of the future. Geniuses in cases are made idiot or intelligent person by group of intelligent people- the natural occurrence of the education system.

Instinct is the key factor that makes the different. It is natural call to action. All existing education system have made human to be intelligent which is good at building on the existing not on the growth of entrepreneurial spirit.

Resilience spirit
It is a natural occurrence while the natured instinct insists on concentrating its mind and energy in the process of finding the answer it has no time for the ill feeling.

Passion
It is generated at the time when the natured instinct finds the vale for its insistency and believes in the chance of success. The passion emerges stronger while the natured instinct develops

I agree, I think currently there doesn’t seem to be much a problem that needs to be solved, that’s why we don’t see a strong desire for young S’poreans to develop the Web 2.0 scene.

I think what’s happening is that we’re pretty satisfied with the available Web 2.0 offerings (most of which come from the Valley) – we’ve got YouTube for videos, we’ve got Skype for calls, we’ve got Wordpress/Blogspot/etc for blogs, we’ve got Flickr for photos, we’ve got Technorati for blog search, we’ve got Techcrunch for tech news, etc…why fix something which ain’t broke?

It’s not that we aren’t embracive of Web 2.0 technology. I think S’poreans embrace Web 2.0 pretty well. (I think at one point we were one of the biggest users of Friendster, and we feature prominently on Technorati). If a good Web 2.0 application from Silicon Valley comes along, we’ll probably be quick to adopt it.

However, it just doesn’t make sense for us to develop such things here in S’pore, because of the high level of risk (which Harro has rightly mentioned), as well as the lack of available resources (both talent and funding).

Sometimes I wonder – are we wanting to be the next Silicon Valley just for the sake of being the next Silicon Valley? Is there a pressing need to do it? Do we, given our natural attributes, have a realistic chance of doing it?

In the same way, why not try to be next Hollywood of entertainment? Or the New Orleans of Jazz? Or the Vienna of classical music? Or the Las Vegas of gambling? (ok, don’t answer the last one…)

The problem with web 2.0 is that business and gov trying to define web #.0 to fit economically.

Doing work in technology is perhaps the last thing
one ever want to be in as a job because it is tough, long working hours, stressful with tight deadline, and technology is ever changing.

Singapore’s industry in many area will eventually become unsustainable due to global competition. Unless we keep up with forthcoming industry and keep exploring new opportunities like web 2.0, technology, etc, we will not able to attract foreign investors and talent, and sustain our overall growth. Many ppl come here and live because of Singapore’s potential not past success. Web technology could probably bring us to next level (Fat hope ?)

Though ideas is cheap, but the risk to attempt anything at any industry is risky at best. Investment in volatile enviroment is just as risky.

The point is that every once a while, old thing and ideas need to be revamped to simulate interest and growth.

Web 2.0 and above is anything that goes since it is defined by whoever can come out exciting technology can define it in their own ways. Etc, google with google map popularize mashup and ajax. Solution actually lies within us not gov, VC, incubator. To seek help from them could probably discourage more than encourage since their interest are different and may not be aligned with the entrepreneur.

I do agree with you that we are indeed superficial in promoting web 2.0 though. A lot of interest seem to be debated on ideas, concept and talking, ghost investment about web 2.0, very little is seemed of actually doing it here.

Singapore as a country is currently running fine with Oil & Gas, Finance, Manufacturing, Shipping, Tourism, Retail and Gambling. Even the education sector is a better.

For any young intelligent graduate, there are plenty of good jobs, with long term opportunities.

Also for individuals, there are no problems at all. There are plenty of great paying jobs out there and biz opportunities out there. Ignoring Web 2.0 is not going to make a difference to any Singaporean, or to any potential entrepreneur in Singapore. It may not even make a difference to the Singapore economy.

So tell me, who has a problem with Web 2.0 that needs to be solved? And tell me who has a decent budget to address it?

To encourage Web 2.0 foolishness in Singaporean youth is not wise at all.

And for those with real problems and are looking for real solutions, they should stop toying around with ghost budgets (disguised as Venture Capital) and start listing steps to a long term strategic goals for Singapore to take in IDM, and then staff it with real salaries, real jobs, and hopefully real careers.

Ideas are cheap. The RISK to attempt Web 2.0 is REAL. (unless you’re a clueless graduate :)) Talking about it is not going to make the risk disappear.

wonderdoggy also has a good point, however the gap between Web 1.0 and Web 2.0 is quite significant. To succeed in Web 2.0 requires vertical focus.
(hmm… where did I hear that before?)

The business model and plan which developed along the way is being validated by their respectable VC. Their VC is definitely not tom, dick or harry kind, but very influential in media, public relation, marketing. Their relationship with VC and the interest generated along the way together with luck make one believe that these founders are business-man where in fact they are more geek and nerdy than B-Man.

From experience, I do agee with Bjorn that money is not the most important, it is the product and service that solve the user’s need that more important. Money is secondary and will come if it solve user’s need.

Just think about it from an engineering perspective… what does a typical Web 2.0 application do? 1) Allow users to post content 2) allow them to distribute that content. Both are not hard things to do considering the fact internet is already invented. Codecs for storing content in my experience should be something everyone already have because people don’t want to download X, Y & Z plugins to run your site, hence you only have to utilise existing technology.

Many of the ’so-called’ newer languages and platforms aren’t always preferred for technical reasons, either. Some of it is hype marketed to untech-savvy people who call the shots. That’s a sad fact in this field, most of it is hype, and it’s hard to tell unless you know the field intimately. Some of them are actually old stuff, like Ajax, not a technology but a collection of old-fashioned, well-established tools. Javascript has been around for more than 10 years! Of course, most NUS/NTU students shy away from new stuff for solid technical reasons — most of them are plain uncurious. That’s why we need geeks.

Web 2.0 is more of a business/social phenomenon, not a technical one. I would like to quote Paul Graham from his Web 2.0 essay:
Web 2.0 means using the web the way it’s meant to be used. The “trends” we’re seeing now are simply the inherent nature of the web emerging from under the broken models that got imposed on it during the Bubble.

I’m afraid if we overemphasize “Web 2.0″ as a great way to make money, we’ll kill the internet all over again. I don’t know if any of you have used the internet pre-bubble– I have, and I agree completely with Paul’s description. It’s written from a nerdier perspective than most other web 2.0 essays out there, here’s the url:

http://www.paulgraham.com/web20.html

The world is dominated intelligently since history of society. Socrates was put to death 2400 years ago by the most intelligent at that time. Since then history were repeated many geniuses were put to death by the decision makers due to the ignorance of the new invention or idea which were against the general intelligent analysis and belief.

As a matter of human survival and evolution, the world and societies have to be dominated intelligently and evolve through the education system. The increase of intelligence in people, the creativeness decreases. Since the second generation of Singapore, the entrepreneurial spirit has evolved from individual to governmental that has built an intelligent society- a miracle of a nation building in recent history. The success of the governmental entrepreneurial spirit has been widely studied by the world. With this sense Singaporean do not lack of entrepreneurial spirit but an evolution of it.

Along with the evolution and revolution of Internet, technology and globalization, the topic of entrepreneurial spirit, new marketplace idea, new invention and creativeness have been emerging and stirring much dispute in world media and academic world. The fundamental root of all causes has not been touched that is the intuited instinct and the natured instinct of human. The different of the instinct makes all that different. The instinct of all governors of all societies and professors most if not all in all trade were intelligently intuited in the process of social and family education system. All the great inventors, great people in business and geniuses were those who could maintain their natured instinct in the world of people of intuited instinct. These people could not be accepted in the elite group, and could not be valued by the intelligent analysis until their successes storm the world or the society.

We talk about creation of youtube, the same that we talked about hundred flowers blossom, entrepreneurial nation, graceful society and a world city nation. Unless we understand the different of the intuited and natured instinct of ourselves we would be nowhere near there. We could build the world-class hardware but the people mindset could not be turned into world class unless the people are made known of their natured instinct. Unless the decision makers understand that different and apply changes in polices the great part of effort and expectation would be in vain.

If this point of view is valid that the natured instinct could not be measured intelligently and it could only be easily known when it turned into great success or failure, could the changes in ourselves or the government polices be expected since the world is dominated intelligently that could not and chose not see it?

The “X” factor has been much discussed in our local media in 2004 brought up by our PM Lee. It is residing in the natured instinct of every one of us.

Not only entrepreneur but also genus could be made. Not by intelligently enabled but by engineering the natural growth of the natured instinct of people. Just a deviation of direction, Singapore could create not only the top dotcoms but an entrepreneurial nation the same way it has created the governmental entrepreneurial spirit that is leading in the today world.

It was encouraging that our brave minister talked in the world stage about the youtube-like creation in Singapore after years of quietness in the local media about dotcom business. Should there be in near future any SG dotcom playing in the world stage it would not be dotcom business models that are hype in the current world media. It could be a common idea currently less talked about and only those who could able to bring it to the world stage be the winner regardless which country it is originated.

Internet business and its success blinds to the population and boundary. The capability to fill the cavity of the world demand or to create new demand, either the business funded or not stands the chance to win. Expecting the decision makers in the government or the VCs to fund such business as web 2.0, especially the phobia of the dotcom burst still remains today, would be disappointed. Unless they know such thing called “natured instinct” and see positive side of a targeted fundable growing business that justify with their trained intelligent analysis, dotcom startup in Singapore hardly would be funded.