Why Smart Entrepreneurs Aren't Eyeing the First World

Nice Link. Does anyone know if there are any YC companies focused primarily on emerging markets??? Or is that only once they reach scale (i.e. AirBnB)

It all sounds good on paper, the only problem is: Can you name one very successful startup that initially focused on developing country and later took over the world? Why?

Hypothetical question: What if instead of being brewed in Harvard, Facebook started from a Latin America university? Will people flock to join this network when it expands out of its university? Will you?

Though I know the author, I don't speak for him.

I think you are falling in the trap the article is trying to help you out of. These economies are big, and they are moving fast, and shit is happening and will happen whether you see it or have heard of it or not. Facebook is not the definition of success, there is an entire spectrum of success and it exists in these economies with plenty of room.

You can get in now and innovate and be the very successful startup, or you can sit back and wait for someone else to do it.

Not only are entrepreneurs having trouble entering 1st world countries to start companies, 1st world markets are losing their relevance.