1. The majority of internet users are now located in China and India, which together account for 32% of global internet users, compared to only 14% in the US and Europe. 2. Mobile internet is already the dominant form of internet access in the majority world, in contrast to more traditional views that still see mobile as the future in Western countries where desktop and home broadband remain dominant. 3. New economic empires are being created through technologies like messaging, blockchain, and peer-to-peer connections, propelling the value of tech companies far beyond other sectors and defining a new reality for the current generation.

1. Majority World Report 2015
cape@localglobe.vc
Web Summit, Nov 2015

2. Newsflash: Internet just keeps
getting bigger

3. China + India = already 32% of global
Internet with lots of room to grow
49%
coverage
24%
coverage

4. US + Europe = only 14% of global
audience with very little growth
84%
coverage
85%
coverage

5. “We” are already less than "the <20%"

6. UK & France already smaller than Nigeria

7. Still we assume we have a global perspective
“What % of Internet usage is desktop, mobile, tablet or console”

8. And some of the smartest people in our world believe
mobile is the future

9. But in the Majority World mobile is already the present

10. With Middle East & Africa growing the most

11. When our kids are parents, Africa will be 25% of population

12. The future is happening in Nigeria, India & South Africa

13. Maybe these guys are onto something?

14. We’ve seen this movie before…

15. Smart money pouring back into Asia

16. Looking to repeat the
epic tales of when
new means of
transport and trade
create huge new
economic empires and
mass movements

17. Except this time the empires have new materials
Messaging Blockchain
Peer-to-peer connections Distributed Trust

18. And of course mobiles

19. We are officially now living in the majority world
Robert MacFarlane: The Majority World – Calcutta Railway Station - 1969

20. 1.5bn Facebook MAUs serve as proxy for this humanity

21. This world is online, but facing serious employment issues

22. 230m people already are live outside their home countries

23. To what extent, if at all, do you feel that today’s youth will have had a better or worse life than their parents generations or will it be the same?
Trying to find a better life for their families
Ipsos Mori Global Trends 2014

24. Often going to places with extremely high youth unemployed

25. Where even those in work have less collective
representation than ever before

26. Their Governments are in debt and find it hard to
invest in public services

27. Yet tech giants have enormous balance sheets

28. And the financial markets have created >100 new Unicorns

29. There are now 121m Zebras on Facebook
“interested in Entrepreneurship”
+119%
y/y

30. Some cities are becoming centers of
entrepreneurial gospel
Zebras as % of city
population

31. Stanford is like the Vatican for Zebras
Zebras in top 5 unicorn universities

33. Are we living in a fairy tale?

34. Or just a new strange world of Zebras and Unicorns

35. Propelling the value of tech way beyond any
sectors other than energy & financial
$650bn $483bn
$200bn
$422bn
$287bn $280bn

36. These companies and their millennial workforce
are defining our new reality

37. This is a generation on the move
Work Leisure

38. Less focused on owning major assets
Own Lease Rent Borrow Swap Donated
House
Transport
Food
Energy
Phone
Computer
Clothes
TV & Radio
Newspaper & Books

39. Creating massive new opportunities
Own Lease Rent Borrow Swap Donated
House
Transport
Food
Energy
Phone
Computer
Clothes
TV & Radio
Newspaper & Books

40. So who should we be backing?

41. 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

42. Europe has too many elephants

43. But we also have countries where the number of
Zebras are growing fastest

44. Unicorns are having rare economic and social impact

45. Mobile Messaging Marketplaces

46. Money

47. These unicorns are creating income for
millions of freelance Zebras
Drivers Delivery
$50-100k
per year

48. Creating marketplaces for 10s of millions
of services Zebras
>$100k
per year
Hospitality
Catering
Software
Data
Design
Future:
• Teaching
• Healthcare & Wellness
• Supervisory Care & Security
Events

49. As well as 10s of millions of Creative Zebras
>$1m
per year
Products
Photographers
DJs & Musicians
Film-makers & Animators
Writers

50. Until Europe can create $50bn unicorns, it
needs to be the best place for Zebras

51. Our kids will be living in a different world

52. What do we really know about India & China?

53. So let’s not be afraid of the dark

55. @cape
♯majorityworld