Channel News Asia recently reported on the opening of a co-working space for startups in the San Francisco area. Block 71 San Francisco is a direct extension of the existing Block 71 in Singapore, and it signifies a growing connection between the West Coast and Southeast Asia tech industries.
The new space is expected to hold special appeal for “US startups with an Asia strategy” and to help foster the expansion of US tech companies into Asian markets. If it’s successful, the co-working space can be expected to have an impact on other companies and industries in the area, not least of which are the San Francisco shipping services that are capable of shipping crates of tech and business supplies and infrastructure across the Pacific.
Our advice to tech startups in San Francisco area today is to plan ahead in light of the fact that there is a growing push to get businesses like yours into the Asian market. If you have an Asian strategy, remember to take some time to plan not only what you’ll do once you expand there, but also how you’ll physically go about moving your company from San Francisco to its new horizons.