Japan’s startups have been unable to scale up and end up remaining small, with the investment system identified as one of the causes. The article presents the views of Fujino Hideto (藤野英人) in a re-edited piece by the author, written in preparation for the era of the Nikkei 225 at ¥100,000.
The article begins by asking why Japan has struggled to produce a Google-scale startup. It explains that the author re-edited the piece based on the writings of Fujino Hideto (藤野英人) to introduce his view that the cause lies not only in entrepreneurs’ capabilities but also in the structure of the investment system.
The article notes that some have questioned the ¥10 billion market-capitalization cutoff. It suggests that while young entrepreneurs are emerging, the framework for supplying capital may be keeping companies small.