Ping Jiang discusses the trend of entrepreneurship in emerging markets, and millennials have seen incredible success in these areas. This presentation was inspired by Ping Jiang's article of the same title, published on Entreprenuer.com

1. E N T R E P R E N E U R S H I P A N D
M I L L E N N I A L S A R E T H R I V I N G I N
E M E R G I N G M A R K E T S
P I N G J I A N G

2. In America, millennial entrepreneurship is
down. Despite the apparent strength of
the startup and technology sector,
millennials are projected to be the least
entrepreneurial generation:
Entrepreneurship rates for people under
30 have fallen by 65 percent since the
1980s.
So why is millennial
entrepreneurship on the rise in
developing economies? The
answer is a confluence of
complex factors, including
capital, demographics and
innovation environment.

3. D E M O G R A P H I C S A N D
A T T I T U D E S .
First, emerging markets simply have more young people
than developed markets. And in emerging markets at least,
millennials are more optimistic about the future.Another
catalyst for entrepreneurship may be the potent mixture of
perception and ambition.

4. I N C R E A S E D
I N N O V A T I O N .
The most recent Global Innovation
Index, a survey of 128 countries,
showed serious gains for emerging
markets.
Part of this increase likely stems
from leapfrogging -- a byproduct of
emerging markets and large, tech-
savvy millennial populations.
Leapfrogging bypasses the lack of
existing infrastructure by skipping
stages in development, often with
the help of smartphones.

5. A C C E S S T O C A P I T A L .
Even in the most developed of economies, venture capital is on the
decline. Funding for U.S. startups fell 25 percent from the third quarter
of 2015 to the first quarter of 2016, leading to a sharp drop in total
valuations. Emerging markets, however, are a different story. In the
second quarter of 2017, Asia’s venture-capital scene outpaced
America’s. Much of that growth went to unicorns worth $1 billion or
more.

6. F E M A L E
E N T R E P R E N E U R S H I P .
Lastly, in several emerging markets, the
number of female entrepreneurs
matches or exceeds that of their male
counterparts.
Instead, funding in emerging markets
often comes in the form of microfinance.
These modest, low-interest loans spur
small businesses. The concept is simple:
Nonprofits bet that lending small sums
to female entrepreneurs in
underdeveloped areas can help
individuals -- and in the process,
stimulate local economies.

7. I N C O N C L U S I O N
Surging entrepreneurship has a number of diverse causes,
all of which yield some interesting lessons. If anything,
these successes illustrate that a nation’s level of
development isn’t a prerequisite for entrepreneurship. Nor
is age a determining factor in tenacity, drive and business
success.

8. For more information, please
visit:
www.pingjiangcapitalmanagement.com