Well to be fair the median salary in Egypt is about 8000$ per year, when you don't have to pay 150-200K per head to onboard engineers 300K can get you a long way (if you think about it their entire team might cost less than what a single engineer in a SV startup will be earning, sucks I know but it's the reality in that region).
Asia, some parts of Africa and some parts of the Middle east are now some what ripe for investment as far as tech startups go, the barrier of entry for learning development has been lowered sufficiently and education in some places is actually quite available and well established these days.
These aren't regions in which you need to have multiple series of funding and raise millions to be able to pull even a power point presentation of the ground.
Places like Cairo which have quite good higher education can be considerably cheaper than the baltic states and eastern europe were 5-8 years ago and if you develop a non-regional product you can have a huge return on investment, and it also allows companies to become cash flow positive very quickly as their yearly burn rate is probably lower than the price of some investor relation event/party in SV.
Asia, some parts of Africa and some parts of the Middle east are now some what ripe for investment as far as tech startups go, the barrier of entry for learning development has been lowered sufficiently and education in some places is actually quite available and well established these days.
These aren't regions in which you need to have multiple series of funding and raise millions to be able to pull even a power point presentation of the ground. Places like Cairo which have quite good higher education can be considerably cheaper than the baltic states and eastern europe were 5-8 years ago and if you develop a non-regional product you can have a huge return on investment, and it also allows companies to become cash flow positive very quickly as their yearly burn rate is probably lower than the price of some investor relation event/party in SV.