Do you come here often, everyday?

Very convenient.

You make yourself available to the startup founders in case you want to discuss anything?

And complain about the government?

That’s great. So there’s really no minister’s office here.

Audrey, can you tell us what are the main problems in Taiwan when it comes to building a community that’s friendly towards startups?

If you were to name three main problems facing Taiwan’s startups, what would they be?

If you don’t mind, can we talk about the three main problems first? Then you can talk about the three main solutions.

If you could just quickly sum up what the main problems are in Taiwan.

I’m sorry, you said a foreign talent, but I thought there’s also a lack of local talent in software engineering or in business startups that kind of thing. So why only foreign talent?

If you don’t mind, could I ask you to repeat the three main problems?

Let me add one more because I know on the phone you mentioned capital, the lack of investors, VC involvement a big problem, so regulation, talents, capital?

If you could use the word venture capital that would be great because some of our viewers don’t know what VC means. We are the medium for everyone, not just high-tech people.

And risk-adverse, that was really good.

So it’s actually four problems, right? Regulation, too much regulation, too strict regulation.

Lack of venture capitalists investors environment.

Number three...

...not enough talent, brain drain basically, not enough the kind of talent that we need.

And number four a risk-adverse society.

Is that OK?

Audrey could you sum up for us, what are the main problems that startups in Taiwan face, what are the key challenges that they face?

OK, I’ll ask again. So Audrey, what are the main problems that you see startups in Taiwan face?

So that’s not conducive to having an environment that’s similar to the Silicon Valley where people just create, innovate and take risks.

Can you? They cannot hear my question, can you say that? What does that mean for Taiwan that it wants to become more like Silicon Valley?

The question I wanted to ask earlier was when you talk about the four big problems, regulations are not enforced in a proper way, I guess?

When you name all these four problems, regulation, capital, talent, and risk-adverse society, what does that mean for the startups? How hard is it for them? Can you tell us what is it like for them being here?

You can sum it up because the interview is about you.

Based on your experience on startups, what is...

When you talk about the four main problems, how does that affect people who want to build a startup here?

In general, is it much harder to do a startup in Taiwan than in Silicon Valley?

Tell us more about that. Tell us how the government and Taiwanese society is working to remove the hurdles.

To sum it up, how are you dealing with the four problems that you mentioned, if you can quickly summarize it? Regulations, capital, talent, and also the lack of a risk-taking culture.

I’ll ask again.

If you could say it in simple terms and quickly if you can, how would you sum up how Taiwan is tackling the four main problems that you mentioned? Talent, regulations, capital...

It doesn’t have to be in order. [laughs] Capital, whatever the main problems are.

Thank you very much.

Can I talk to Audrey about radio a little bit?

No, no. I’m just going to record it from here. Thank you. Sorry because I cannot put the mic close to you.

I’m actually quite curious about your background because I think your background also drives your motivation to help Taiwan, right?

What was it like for you growing up? You were a junior high school dropout.

How did that happen? Why didn’t you like the schools here? Is that part of the problem with Taiwan startup company, the education system?

Is that going to be enough to turn Taiwan into something similar to the Silicon Valley? To be very innovative, to be very creative, to be very risk-taking?

In the next few years, do you think we can expect very creative startups to be coming out of Taiwan, maybe the next Facebook or Instagram?

You mean they’re going to be going global?

But to do that, what kind of help do they need?

As you told me on the phone, you can deal with regulations as you’ve just described to us. You can inject a lot of capital, billions of dollars in capital, from the government world. You can create a venture capitalist community here and you can also send talent abroad.

But perhaps the most challenging thing is changing society’s mindset, the risk-adverse mindset. How do you think Taiwan can do that?

You’re going to lower the risk for everyone, is that what you mean?

The money will come from the government, so if there’s a failure, the government loses the money, not the individual or the family?

But a lot of parents don’t want their kids to fail and they don’t want their kids to go into risky careers, how would you address that point?