37. North America
310 million users
87.7% penetration
Europe
582 million users
70.5% penetration
Latin America
320m (of 612m)
52.3% penetration
Africa
298m (of 1125m)
26.5% penetration
Asia
1.386b (of 3996m)
34.7% penetration
Worldwide Internet Penetration June 2014*
* latest data
40. “The next decade will see more baby boomers leave the workforce than 15-
year-olds enter it”
…
“In Japan, the labour market population has been in decline since 1995. This
aligns almost precisely with the onset of the malaise in the Japanese economy.
Here is a country that does not do immigration and that collapsed its birth
rate 40 years ago. “
…
“India, on the other hand, is very different. One thing that is not well
understood with India is that it is now at a one-in-a-hundred-year peak in the
sheer volume of people entering the labour market population. There is
currently a net injection of 14 million people aged 15-64 every year into India's
population.” *
* Source: Bernard Salt
Demographics are at Inflection Point
45. In 2011, Sebastian Thrun
tried a bold experiment..
offer his class which
normally numbers 200
students online for free.
We will mark your
assignments and mark
your exams.. And give
you a certificate of
completion.. for free.
57. Why would you want to teach at
Stanford to a class of 200 when
you can teach to millions online?
Years to teach 160,000 students
58.
59. Doing it for K-12.
40 languages
4100 micro-lectures
244 million lessons delivered
1 billion problems answered
YouTube Channels
MIT: 50 million views
Khan Academy : 268 million views
Khan Academy
65. 7,542,635
PROJECTS & CONTESTS POSTED
$2,712,502,704
TOTAL VALUE OF PROJECTS POSTED*
15,268,912
REGISTERED USERS
* Data as of 15th February 2015. Data aggregated for all acquired marketplaces since 2001. AUD.
68. ➔ Started May 2009, history since 2000
➔ > 14,800,000 users from >234 countries/regions
➔ >7,300,000 posted projects to date,
valued at > $2,000,000,000 USD
savings delivered to small businesses in the west
➔ One of the top websites globally by traffic
Freelancer.com
Freelancer Globally
69. We are in the early
stages of replicating a
country in software.
84. Logo for a Fast Food Takeaway Shop for $175
84 Source: https://www.freelancer.com/contest/Design-a-Logo-for-fast-food-takeaway-shop-139166.html
85. Ambient 3D Modelling of a Wardrobe for $90
85 Source: https://www.freelancer.com/contest/Ambient-in-d-modeling-with-our-product-wardrobe-122619.html
93. What does this all of this mean?
Distribution is
unprecedented.
94. What does this all of this mean?
% of US
Households
Technology adoption is accelerating
95. ➔ In 1900, <10% of families owned a stove, or had
access to electricity or phones
➔ In 1915, <10% owned a car
➔ In 1930, <10% owned a fridge or washer
➔ In 1945, <10% owned a dryer or air-conditioning
➔ In 1960, <10% owned a dishwasher or colour TV
➔ In 1975, <10% owned a microwave
➔ In 1990, <10% owned a cell phone or Internet
➔ Today.. more than 90% own all the above.
Not so long ago.
110. Apple Firehose
• 1,200,000 apps
• Poor search & discover in Apple AppStore
• In 2009, 3 students from University of
Helsinki got in early with a mobile game
• Information cascade in top 10 for games
• 1 billion downloads
• 2011 takeover offer $2.25b from Zynga
• 2013 revenue €156 million
• $9 billion valuation
113. Demand Media
• 13,000 freelancers
• “High quality” content
SEO optimised content
Google ads
5 years later in 2011, Demand
Media went public with $325m in
revenue at $1.5bn mkt cap.
So egregious was this business
model (In 2011, Google generated
$11 billion in “Ad Network”
revenue, about 30% of which
came from the likes of Demand
Media), that it was forced to
change it’s algorithm in a series of
ensuing “Panda” updates.
116. What does this all of this mean?
Every business today is
an Internet business.
117. What does this all of this mean?
All this stuff is free.
118. Virtualised computer..
Only this computer is a
hotel reservation system!
• PBX
• Hotel Reservations
• Wifi
• Minibar
• Movies
Free!
119. What does this all of this mean?
All this stuff is cheap.
120. What does this all of this mean?
All this stuff is cheap.
Even if none of this stuff
makes sense to you,
freelancers can put it
together for you.. cheap!
121. What does this all of this mean?
You can start a company off a credit card
122. What does this all of this mean?
A new class of Venture Capital has arisen
123. What does this all of this mean?
PCTools / Spyware Doctor
• Outsourced original software for $1000
• Bootstrapped to profitability
• Raised financing only at very late stage
Sold to Symantec for $300 million 6 years later.
124. What does this all of this mean?
RetailMeNot.com
• Built with $30 in one weekend
• Bootstrapped to $30m in revenues
Sold to WhaleShark for $90 million 5 years later.
125. What does this all of this mean?
Kaskus
• Built with $50 in one weekend
• ~ >100m USD in valuation