The costs of launching a tech startup are daunting in any market. But for companies that require a longer development runway, Silicon Valley’s premium prices can completely snuff out a new product.

It’s a problem that has seen many entrepreneurs look elsewhere, including China, to look for capital and a cost of living that doesn’t drain their first funding cheque.

It would have been close to impossible for us to build Traintracks in Silicon Valley,” says Nils Pihl, CEO of analytics tool Traintracks. “It took us two years and needed many skilled engineers just to build a beta with enough functionality to catch fire,” Mr. Pihl adds, commenting on the complex technology and massive scalability behind Traintracks. 

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com