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!

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20120920 dimitris tsigos-igniteathens

  1. 1. The European Startup Revolution YES European Confederation of Young Entrepreneurs
  2. 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. 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. 4. YES European Confederation of Young Entrepreneurs
  5. 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. 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. 7. Young European Entrepreneurs are turning Europe YOUNG AGAIN! YES European Confederation of Young Entrepreneurs
  8. 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. 9. How?YES European Confederation of Young Entrepreneurs
  10. 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. 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. 12. Has the World realized the necessity to start-up? YES European Confederation of Young Entrepreneurs
  13. 13. YES European Confederation of Young Entrepreneurs
  14. 14. YES European Confederation of Young Entrepreneurs
  15. 15. YES European Confederation of Young Entrepreneurs
  16. 16. YES European Confederation of Young Entrepreneurs
  17. 17. What about the StartupEurope initiative? We all look forward to it! Let’s do it! YES European Confederation of Young Entrepreneurs
  18. 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. 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. 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. 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. 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. 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. 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. 25. If you’re afraid of failing… …then you simply don’t try! YES European Confederation of Young Entrepreneurs
  26. 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. 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. 28. What about Europe?No, the end of the world is not coming. YES European Confederation of Young Entrepreneurs
  29. 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. 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. 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. 32. Thank you YES European Confederation of Young Entrepreneurs

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