Having never been to SG but the more I hear about its public-private interactions, the more intrigued I become. American young people may be at a disadvantage to Asian young people in the coming years.
I think it would be difficult in the US to have the government provide, what is essentially angel funding, to startups. But this sort of, 'provide angel funding' thinking, is beginning to take hold around asia. For instance, I knew that the Indonesian government was trying to figure out the details of how they might accomplish something similar in Indonesia.
I don't know...just will be interesting to see those structural differences and how they play out over time. Maybe Asia will have more low quality startups since that funding is less dear. I don't know...it'll be interesting to watch.