PSMEC - Private Sector - S4 Yousef Hamidaddin


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The Private Sector Middle East Conference, Riyadh, Saudi Arabia, Dec 3rd, 2013. Hosted by the Saudi Chambers of Commerce -- Session 4 - Yousef Hamidaddin - CEO Oasis500

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PSMEC - Private Sector - S4 Yousef Hamidaddin

  1. 1. Oasis500 The First Believer Yousef M. Hamidaddin, CEO @i_am_hamidaddin
  2. 2. “To widen the gate of opportunity, the region requires entrepreneurs, innovators, educators and policymakers to clear the path to 85 million new jobs.“ H.M. King Abdullah II Ibn Al Hussein
  3. 3. Amman is the 10th best place to start a technology company in the world References: - - Sindibad Business Report for Jordan ranked #1 in number of technology deals funded in 2012 in the Middle Eas Jordan ranked #2 in the Middle East By amount of funds invested
  4. 4. Stay a believer …. The entrepreneur is our hero … An accelerator is the first believer
  5. 5. Thomas Carlyle Lectures May 1840 On Heroes, Hero-Worship, and The Heroic in History is a book published 1841 – collection of six lectures.
  6. 6. Entrepreneurs … Great Men … “Universal History, the history of what man has accomplished in this world, is at bottom the History of the Great Men who have worked here. They were the leaders of men, these great ones; the modelers, patterns, and in a wide sense creators, of whatsoever the general mass of men contrived to do or to attain; all things that we see standing accomplished in the world are properly the outer material result, the practical realization and embodiment, of Thoughts that dwelt in the Great Men sent into the world: the soul of the whole world's history, it may justly be considered, were the history of these. Too clearly it is a topic we shall do no justice to in this place!”
  7. 7. Inspiration …. “One comfort is, that Great Men, taken up in any way, are profitable company. We cannot look, however imperfectly, upon a great man, without gaining something by him. He is the living lightfountain, which it is good and pleasant to be near. The light which enlightens, which has enlightened the darkness of the world; and this not as a kindled lamp only, but rather as a natural luminary shining by the gift of Heaven; a flowing light-fountain, as I say, of native original insight, of manhood and heroic nobleness ….. “
  8. 8. By believing we grow the one to many, to thousands, to millions …. “Every new opinion, at its starting, is precisely in a minority of one. In one man's head alone, there it dwells as yet. One man alone of the whole world believes it; there is one man against all men.”
  9. 9. Relentless: Key for the Vision & end in mind “Having a Vision is not enough. It must be combined with imagination, determination, faith, hope and passion. It is not enough to just stare up at the stars...we must become the stars that the stars shine down on.” Victoria June “Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.” Jack Welch
  10. 10. Reflect: keep asking why … “Whenever you find yourself on the side of the majority, it is time to pause and reflect.” Mark Twain “Great minds discuss ideas; average minds discuss events; small minds discuss people.” Eleanor Roosevelt
  11. 11. Respond: we are in an open lab with global applications
  12. 12. mobile broadband networks – Q2 2013 Turkey (59%), United Arab Emirates (55%), Saudi Arabia (54%) Southern Europe (45%), Western Europe (50%), Northern Europe around (60%) One language = 25 countries 75% younger than 35 59% younger than 15
  13. 13. Relevant & Depth = the right to win A balance between the tip of the iceberg, and the mountain we don’t see
  14. 14. Respect: conformity vs.. perceived chaos • “Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can’t do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.” Steve Jobs
  15. 15. Accelerating Tech Start-ups in The Middle East
  16. 16. 10 years ………… is tomorrow. 65 or 83 Million Jobs • Investments required; – Identify 3.7 million ideas/startups – 365,000 businesses that can grow at a rate capable of employing 200 different skill sets – 14.6bn USD • Acceleration in MENA must have a new definition; – must be disruptive yet relevant; – Should leverage the Fiscal driven expenditure; – Focus on being regional footprint that has a global right to win
  17. 17. Oasis500 – Business Investment Track • Launched to help existing companies, operating in the market, to acquire a much larger growth capital from investment funds. • We launched this program after realizing that existing companies have a real need for investment as well that is not being addressed by local and regional investment firms. • The investment can range from 50,000 USD to USD 500,000 • This program is in partnership with Badia fund by ATH (Accelerator Technology Holdings), Wamda, and MENA Ventures • We have invested in 12 companies so far, and this week! 4 are closing
  18. 18. Investment Impact Invested in 61 Companies helped companies secure $12M in follow-on investment 18 Oasis500 companies attracted over $8M followon investments 4th Oasis500 Angel Network 6
  19. 19. Development Impact Plan Sept 2011 June 2013 Applications Received 850 3500 Companies Trained 225 1000 Investment in Startups 34 60 4th Oasis500 Angel Network 8
  20. 20. Yousef M. Hamidaddin, CEO @i_am_hamidaddin