Why Tim Draper Says Indonesia Is a Great Place to Be

The transcript discusses the potential of Bitcoin and blockchain to provide banking solutions for the unbanked in Indonesia, highlighting the opportunities for a rising middle class. It also addresses the challenges of investing in China due to capital controls. The speaker shares excitement about entrepreneurial opportunities in Jakarta, mentioning companies like Go Jack and Grab. The lack of infrastructure in countries like Indonesia is seen as an advantage for innovation, allowing them to leapfrog existing technologies.

What technology is highlighted as a solution for the unbanked population in Indonesia?

• Credit Unions

• Blockchain and Bitcoin

• Mobile Banking

• Traditional Banking

What is the main reason the speaker is hesitant to invest in China?

• Lack of technological advancement

• Cultural differences

• Government capital controls

• High competition

Which companies are mentioned as examples of entrepreneurial success in Indonesia?

• Amazon and eBay

• Alibaba and Tencent

• Go-Jek and Grab

• Uber and Lyft

Why does the speaker see a lack of infrastructure as an opportunity in Indonesia?

• It allows for the development of new systems

• It reduces competition

• It lowers costs

• It attracts foreign investment

What advantage does the speaker mention about countries without established landline infrastructure?

• They have lower communication costs

• They have better internet connectivity

• They can adopt smartphones more quickly

• They can avoid technological obsolescence