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Beyond the Bubble Feb 2016
- 1. Thinking Beyond the Bubble Saul Klein @cape @localglobevc Sprint 16 Feb, 2016
- 2. Newsflash: the Internet is now enormous
- 3. And with mobile, it will connect 5.6bn people within 5 years
- 4. Markets we know well are only 14% of global audience with moderate upside 84% Internet coverage 85% Internet coverage
- 5. China + India = already 32% of global Internet with lots of room to grow 49% Internet coverage 24% Internet coverage
- 6. “We” are already less than "the <20%"
- 7. UK & France already smaller than Nigeria
- 8. The stakes are high
- 9. So how is UK tech doing? Despite appearances, actually pretty well…
- 10. It feels like blue skies for startups
- 11. But we need to look outwards and push for way more diversity to really grow
- 12. We know 7% of small companies create >50% of new jobs .
- 13. We need more jobs, we need the right jobs - we need to change how we think about labour markets
- 14. We have too many elephants, many past their prime
- 15. Cities Companies Universities 1976 1690 1830 3,146 837 Companies >200 yrs old 1821 1885 1096 1088 Athens 1400 BC 1776 Lisbon 1200 BC Malaga 8th Century BC Rome 753 BC Marseille 600 BC London 43 AD
- 16. But our cities lead the world in wanting to be entrepreneurial
- 17. With the right ingredients, these days you can get very big, very fast
- 18. The Mega-Unicorns are less than 40 years old $650bn $483bn $200bn $422bn $287bn $280bn
- 19. Still only a few sectors have really been seriously disrupted Forbes 2000 list, Cruchbase, Aileen Lee’s list, Fred Wilson’s Hackpad and Index’s own research
- 20. UK is surprisingly well positioned to succeed
- 21. Open Data Open Source Open Standards Coding in Schools 25% Govt IT budget for SMEs Govt Digital Services Our government is a global thought leader in digital transformation
- 22. And it’s just getting started
- 23. London is increasingly Sand Hill Rd for EMEA
- 24. To create $50bn unicorns, we need to be the best place in the world for Zebras
- 25. Our mindset needs to be geared for a new world
- 26. We used to know a lot about India & China
- 27. We definitely know all a lot about the US
- 28. We used to know a lot about Nigeria
- 29. We have our 1st major chance for 150 years to impact society at scale
- 30. So let’s not be afraid of the dark
- 31. Aim high and shoot for the moon
- 32. @cape ♯majorityworld