Insight - Silicon Valley failure makes it big at home

Midas touch: Nakamura, president of Rakus Co, at the company’s office in Tokyo, Japan. — Bloomberg

TAKANORI Nakamura pulled out of Silicon Valley in 2015 after his mobile marketing software flopped and decided to focus everything on his home country, Japan.

Now those efforts are paying off. His company, Rakus Co, has surged more than 4, 800% since going public in Tokyo that year for one of the best performances on the country’s benchmark stock index.