Startups discuss local challenges
Cambodian startups currently face several regulatory challenges in pursuing growth and profitability, according to three of the Kingdom’s most successful startup founders who shared their experiences over the weekend with the hope to inspire increased innovation and entrepreneurship. A key outtake from the event organised by the Cambodians in Tech group was that business registration is an important step for any successful company but that given the local costs, registration should usually be avoided until a startup becomes sustainable. Chea Langda, founder of online bus ticketing platform BookMeBus, said it was important for startups to test their ideas and develop a sound business model before taking on the financial risk of registering.
