2. The probability of Unicornism is directly related to the size of the market you can access. US is the biggest single market on the planet.
3. Accessibility of markets: While EU is the second largest single market [0] US companies have entered european markets just fine. On the other hand, to operate in china, it's best to be a chinese company. Hence, to fund growth on a global scale going native in china is an obvious move.
[0] https://en.wikipedia.org/w/index.php?title=List_of_countries...
By which measure? China has nearly five times as many inhabitants, the biggest economic growth over the past three decades of any country, and out-produces the US by over nine thousand. If it's not yet the biggest market on the planet yet, it soon will be.
A big problem for the US is that it is a litle off, while most other social/cultural areas are closely connected. For instance, China and Russia might be almost as close allies as the pre-Trump US and Europe. But because Russia and Europe are so close, in fact the business dependencies between both are quite high as well. So a lot of business happens in that exchange, with high values due to the political risks. Since the US lacks such interdependencies with close neighbors it can survive better in a time like WW2 but it is harder in a long peace time like we currently have.
I woud assume it's not a term like "revenue" but more a general word. It's also not smart for your own analysis to assume a single value for it. If you write a business case for instance, it's quite smart to summarize how you size the market for your product/service as well.
That completely underestimates the cultural ties US and 'Europe' has and overestimates the co-operation between parties who co-operate pragmatically from time to time but really can't trust or understand each other.
" US lacks such interdependencies with close neighbors it can survive better in a time like WW2 but it is harder in a long peace time like we currently have."
That's some extremely peculiar economic calculus.
From this point of view dollars do equal the estimated size, not how much commodities or services you can buy with it.
Someone with more experience can comment hopefully on this.
The EU doesn't really have unified regulations. I mean, regulations passed at the EU level are unified, but countries have a great degree of country-specific regulations themselves.
Now, technically states within the US have the ability to regulate things at the state level, but due to various aspects of Constitutional law (the Commerce Clause, and case law such as the Sherman Antitrust Act, etc.), there are far fewer state-specific regulations that companies have to worry about for interstate commerce within the US than international commerce within the EU. Unless you're dealing with very specific regulated industries (money transmission, health insurance, etc.), you generally don't have to worry about a lot for basic interstate commerce in the US.
The only thing that really drove us out was the pollution (a huge problem in Beijing that is supposedly finally getting better).
Given the US visa policy, as bad as it is, still attracts far more many foreigners than China, at least. More than most countries actually even by per capita measures.
Basic question: what do you do in China for browsing, emails and maps? I suppose Google doesn't work there and all the local services would be in Mandarin, no? When I travel I use Google search, emails, maps extensively but I have no clue what would I do in China. Also FB and Twitter also likely won't be accessible. So how do I even keep touch with folks outside China, especially if I don't know Mandarin?
Email: I use outlook.com, but I shut my gmail account long before gmail was blocked. I'm weird.
maps: Apple Maps on an iphone works well enough. Not sure if gmaps on Android works or not. Many Google services still work even if a few are blocked.
Browsing: many websites work in China, but I also had full internet access at work for when I needed it, so Facebooking family was easy enough, I just didn't use it at night when I was at home...I didn't miss it.
Its definitely isolating, but not incredibly so. If you are addicted to social media, this can even help you become unaddicted, weird therapy for sure :)
It includes transit, at least for Beijing, see https://www.apple.com/ios/feature-availability/. I always took a taxi though so that wasn’t very important to me, so I used mostly the didi dache app.
Install Didi so you can hail a ride. Install WeChat and some of the mini apps so that you can order Starbucks without waiting in line. Since you probably don't have a Chinese bank account, find a local (possibly even a hotel concierge) who is willing to take cash from you and send you some RMB into your WeChat account so you can pay vendors, including restaurant bills, train tickets, farmer's markets, and the guy on the street corner selling oranges.
Pretty straight forward.
Follow this tutorial: https://www.comparitech.com/blog/vpn-privacy/how-to-make-you...
In past trips to China, VPN services--specially Express VPN--allowed me to easily bypass the Great Firewall. That unlocks Twitter, FB, Google services, etc.
That being said, many services don't have a great experience in China. For example, Google Maps doesn't offer public transit or driving instructions. In these cases, using the chinese-based app (Du Maps) is just far better.
>> ExpressVPN worked well on windows, although flakey for me on Android.
>> Set up ShadowSocks on a server outside China.
>> Buy a SIM card in Hong Kong, they apparently maintain their unrestricted internet access even in the mainland.
You definitely don't need 大山-level mandarin to do business in china these days.
Plenty of foreigners work in China having much less than 6 months of Chinese. Most of them weren't even at my level. They still got by. Business meetings held with foreigners are usually in English anyways, it is only the old guard (Xi's generation) that can't English very well. And those people aren't so common in tech.
I don't think your numbers are right. Tibet has 4 million population. Xinjiang has 20 million, among which 50% are Han. Those are only 2 provinces where I can think of that doesn't require Mandarin to get by in certain area.
The rest of China, at least, could understand Mandarin without problems.
Guangdong province alone is 100 million people. Some of whom are Mandarin speakers (1st or 2nd or 2nd+ language). But many are not, not even as 2nd or 2nd+ language speakers. And their predominant language is Cantonese. Many people grew up before mandatory Mandarin education was instituted. There's a similar situation in other huge provinces all around China, especially southern China.
China is an especially interesting market to us given the quality of companies and entrepreneurs we see there.
Language barrier is not an issue for YC - they can just hire mandarin speakers like Lu Qi. I’m sure YC China would get mostly Chinese employees.