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20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
20120920 dimitris tsigos-igniteathens
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20120920 dimitris tsigos-igniteathens

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The presentation I did NOT do at the Ignite Athens Show. Dedicated with love to former US Secretary of Defense, Donald Rumsfeld! Turning Europe YOUNG again!

The presentation I did NOT do at the Ignite Athens Show. Dedicated with love to former US Secretary of Defense, Donald Rumsfeld! Turning Europe YOUNG again!

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  • 1. The European Startup Revolution YES European Confederation of Young Entrepreneurs
  • 2. Turning Europe Young Again: The “Startup Revolution” Ignite Athens Thursday September 20th 2012 Dimitris Tsigos PresidentYES – European Confederation of Young Entrepreneurs YES European Confederation of Young Entrepreneurs
  • 3. Youth of Europe• Unemployment – It’s not the problem, it’s a symptom of the problem – The recovery of the global economy has been proven fragile• The youth of Europe has to make a decision on their future – Shall we change things? YES European Confederation of Young Entrepreneurs
  • 4. YES European Confederation of Young Entrepreneurs
  • 5. Though in a completely irrelevant context, in a course proven already wrong & unfair by history, Secretary Rumsfeld got it right: Europe is old . YES European Confederation of Young Entrepreneurs
  • 6. If Europe was a person• Would probably be a very conservative person• Also, a rather old person• Old persons – usually – have lower dynamism, don’t like risk-taking, go the safe way• Do we really like this Old Europe? YES European Confederation of Young Entrepreneurs
  • 7. Young European Entrepreneurs are turning Europe YOUNG AGAIN! YES European Confederation of Young Entrepreneurs
  • 8. EU GDP >> USA GDPWe lack economic dynamism Who is gonna create thenecessary economic dynamism? The Youth of Europe! YES European Confederation of Young Entrepreneurs
  • 9. How?YES European Confederation of Young Entrepreneurs
  • 10. Very simple. By starting-up! Startups are creating new jobs! “Employment Boost: 83% of U.S. Startups Plan To Hire in 2011” http://mashable.com/2011/04/22/startup-outlook/ YES European Confederation of Young Entrepreneurs
  • 11. We all need to start-up!• We need to inspire CREATIVITY – In the educational system – In life-long learning – In the whole society• It’s not fancy only to consume any more, it’s even fancier to produce! YES European Confederation of Young Entrepreneurs
  • 12. Has the World realized the necessity to start-up? YES European Confederation of Young Entrepreneurs
  • 13. YES European Confederation of Young Entrepreneurs
  • 14. YES European Confederation of Young Entrepreneurs
  • 15. YES European Confederation of Young Entrepreneurs
  • 16. YES European Confederation of Young Entrepreneurs
  • 17. What about the StartupEurope initiative? We all look forward to it! Let’s do it! YES European Confederation of Young Entrepreneurs
  • 18. Are we really trying to start-up?• VC Spending per capita – US: $100 – EU: $10 – Euro-zone: $5 – Israel: $250• Israel alone invests more in VC than Germany, France & UK together YES European Confederation of Young Entrepreneurs
  • 19. Can we really start-up in Europe?• According to EBAN – European Business Angels Network, the volume of early-stage investments in 2009 has been … – US: $18B – EU: 4B • While EU27 GDP has been considerably higher than the US GDP• Entrepreneurship can turn ‘Old Europe’ young again! YES European Confederation of Young Entrepreneurs
  • 20. Why to Start-up? “The mission of a company is to maximize shareholders value”…as well as to get very high bonuses! YES European Confederation of Young Entrepreneurs
  • 21. Sorry, not any more.This model (thank God!) collapsed together with Lehman Brothers Not sure that everybody has realized this fact. YES European Confederation of Young Entrepreneurs
  • 22. So, what is it all about?• Entrepreneurship was supposed to be just about making money• Now it’s about materializing creativity! – It’s actually about happiness • It’s about building a new kind of relationship with labor, based on the joy of creating! YES European Confederation of Young Entrepreneurs
  • 23. What’s the new key-word? Sustainability! We need to push for the “ecosystem approach” in European start-ups YES European Confederation of Young Entrepreneurs
  • 24. Entrepreneurship & Education• There is a missing link in the European educational & research system – R&D – Startups – Failure stories in the subsidized R&D projects• We need to boost creativity in the educational system – Result orientation – Culture of failure! YES European Confederation of Young Entrepreneurs
  • 25. If you’re afraid of failing… …then you simply don’t try! YES European Confederation of Young Entrepreneurs
  • 26. Creating opportunities• Short-term – Access to capital – Special focus to increased availability of risk financing • Beware of the death valley!• Mid-term – Access to market – Materialize the “Single European Market” concept for enterprises• Long-term – Entrepreneurial culture – Promotion of new development models based on the regional competitive advantages & culture • The end of Fordism YES European Confederation of Young Entrepreneurs
  • 27. So, is there a crisis after all? Yes, but it’s not financial. The crisis is political. The solution can only be political! YES European Confederation of Young Entrepreneurs
  • 28. What about Europe?No, the end of the world is not coming. YES European Confederation of Young Entrepreneurs
  • 29. We must be optimistic!• Europe is far more sustainable both from the US and from China – No over-debt, no over-consumption – Reasonable conditions in the labor market• Mid-term we need to address the issue of political integration YES European Confederation of Young Entrepreneurs
  • 30. The triangle of European success• Symbolic Capital• Human Capital• Financial Capital• Europe doubtlessly leads the World in all of those three axis. YES European Confederation of Young Entrepreneurs
  • 31. The time to get Europe truly united is coming!A Federal Europe is not a dream for tomorrow, it’s a necessity of today. YES European Confederation of Young Entrepreneurs
  • 32. Thank you YES European Confederation of Young Entrepreneurs

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