Big bank, big bets: HSBC is backing startups with $1.5 B in Singapore. If youโre global or tech-oriented โ watching this counts. #Venture #Innovation
Corporates take big risks and have money. Then why startups exist?
1. Corporates hate UNCERTAINTY: They take risk by building scenarios & models, so avoids whats uncertain
2. Less data: Before AirBnB they cudnt model market size of ppl renting beds