Find XO: The Era of 3.9 Trillion Government Funding: How to Use 'Everyone's Startup' (venturesquare.net)
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- The Ministry of SMEs and Startups, led by Minister Han Sung-sook, is promoting 'Everyone's Startup' at 11 universities including Chungnam National University, KAIST, and Seoul National University.
- The aim is to raise the 20s generation startup rate, which has stagnated at about 6%.
- Government funding that does not require giving up equity is certainly attractive.
- However, confusing selection with market choice distorts product judgment.
- Ultimately, what remains is whether the product made with colleagues met on campus solves the customer's problem.