Startup Turkey 2017 - Fadi Bishari
•Download as PPTX, PDF•
1 like•264 views
Elevating Entrepreneurs Everywhere
Recommended
More Related Content
What's hot
What's hot (14)
Viewers also liked
Viewers also liked (20)
Similar to Startup Turkey 2017 - Fadi Bishari
Similar to Startup Turkey 2017 - Fadi Bishari (20)
More from Startup Turkey
More from Startup Turkey (10)
Recently uploaded
Recently uploaded (20)
Startup Turkey 2017 - Fadi Bishari
- 3. Everything we do at Blackbox is about elevating entrepreneurs. blackbox
- 4. Our programs have been helping startup founders level up for 5 years blackbox
- 5. We serve entrepreneurs in every corner of the globe—58 counties so far blackbox
- 6. 4300+ Startups Applied 250 Startups Accepted 350 Founders Graduated 38% Female Founders 58 Countries Represented Since 2013 Google Partner 91% Survival Rate 65% Raised Add’l Funding $520M Portfolio Valuation 9 Startups Exited Blackbox has a strong global network blackbox
- 7. Welcoming the dawn of the Entrepreneurial Era! blackbox
- 8. Industrial Revolution 1800 – 1950 Information Revolution 1950 – 2010→ → blackbox It’s global shift in the economy Entrepreneurial Revolution 2010 – Present
- 9. 1. Democratization of entrepreneurship driven by technology blackbox 2. Growth innovation diversifying away from Silicon Valley 3. Emergence of first globally connected generation on the world stage The revolution is shaped by three key global trends
- 10. But there’s inequality of entrepreneurial opportunity blackbox
- 11. Millions of entrepreneurs across the globe are unable to realize their full potential because of institutional, cultural, and social barriers blackbox
- 12. blackbox Their global economic impact is enormous
- 13. blackbox $22 Trillion in Unrealized GDP Globally $22,000,000,000,000 Source: (https://thegedi.org/ ) GEDI; 2017 Global Entrepreneurial Index - based on a 10% increase in GEI
- 14. By improving the conditions for entrepreneurship by 10%, Turkey could add $331,000,000,000 to its economy Turkey Source: (https://thegedi.org/ ) GEDI; 2017 Global Entrepreneurial Index - based on a 10% increase in GEI blackbox
- 15. Turkey Risk Acceptance (0.25) Strongest area: Risk Capital (0.76) Weakest area: Source: (https://thegedi.org/ ) GEDI; 2017 Global Entrepreneurial Index - based on a 10% increase in GEI blackbox
- 16. blackbox Inequality of opportunities can lead to a devastating cycle of destruction that starts with resistance, resentment and escalating violent revenge
- 17. Hama, Syria February 1982 Homs, Syria April 2013
- 18. Conditions that support the development of strong entrepreneurial ecosystem directly correlated with conditions that support prosperity and peace in the world blackbox
- 19. blackbox Conditions that support the development of strong entrepreneurial ecosystem directly correlated with conditions that support prosperity and peace in the world
- 20. Every country can do more to empower innovative entrepreneurs blackbox
- 21. Innovation has a 5-6x greater impact on economic growth than increasing inputs blackbox
- 22. Accelerators encourage entrepreneurial activity Entrepreneurial activity stimulates innovation Innovation multiplies economic growth* blackbox One of the most common solution for economic growth is Startup Accelerators
- 23. But the accelerator approach serves venture investors first — entrepreneurs second blackbox
- 24. blackbox They fail to address inequality of entrepreneurial opportunity and hold back long-term economic growth
- 25. Supporting entrepreneurial activities that create long-term economic growth requires more than investment capital blackbox
- 26. blackbox Talent & leadership development Nurturing growth knowledge Active network access Expert mentoring & guidance Supporting long-term economic requires risk capital AND:
- 27. Blackbox Serves Entrepreneurs First Entrepreneur-firstInvestor-first Narrow Value Holistic Value blackbox YCombinator Techstars 500 Startups Endeavor blackbox
- 28. Entrepreneur-first programs are the key to turning emerging startup ecosystems into innovation hubs that sustain long-term economic growth blackbox
- 29. VALUECREATED TIME blackbox Elevate and Accelerate STARTUP POTENTIAL ACCELERATOR BLACKBOX
- 30. blackbox Elevating Entrepreneurs Everywhere Fadi Bishara Founder & CEO fadi@blackbox.vc 789 University Avenue Palo Alto, CA 94301 @blackboxvc @fbishara
Editor's Notes
- Everything we do at Blackbox is about elevating entrepreneurs. We serve entrepreneurs in every corner of the globe—58 counties so far. Our programs have been helping startup founders level up as entrepreneurs for 5 years. We’ve serve over 250 startups—91% are still operating, adding to global economic growth. At Blackbox don’t just help entrepreneurs play the startup game better, we help them play a better game—we stretch their minds, focus their ambition, and amplify their fundamental drive as entrepreneurs. We do this by leveraging the best of Silicon Valley. We believe global innovation is best served by leveling the playing field, creating shared value, and democratizing entrepreneurial opportunity. The entrepreneurs who reinvest their success, knowledge, and time into their local startup communities become force multiplies for economic growth. It’s these entrepreneurs we seek to elevate as Blackboxers.
- We believe we are living in the early stages of the Entrepreneurial Era. We’ve entered an new economy led by entrepreneurs.
- It’s a global shift in the economy. The information revolution was really about transitioning from physical economic inputs to digital economic inputs as primary levers for wealth creation. The leveling power of technology has enabled anyone with a computer and the internet to create new value for millions, if not, billions of people.
- There are three global trends shaping the entrepreneurial revolution. As we just said, the democratization of entrepreneurship is being driven by technology. There is a very strong correlation between entrepreneurial activity and digital technology—they are moving in the same direction. For those into statistics, R-squared equals .79. Second, growth innovation is diversifying away from Silicon Valley. Talent is everywhere and capital is starting to follow it. However, entrepreneurial opportunity is still concentrated in innovation hubs like Silicon Valley. There’s no monopoly on talent, only opportunity. Third, Transcend challenges of border, culture, and institutions to find common cause Risk takers Collaborative-teams form and work remotely 60% of the world is under 35 .
- Example stories of Blackboxers… The heart of the inequality is lack of access to resources: capital, markets, mentorship, knowledge, etc. Every startup must figure out how their opportunity takes root and grows. And Every entrepreneur needs help figuring this out. Entrepreneurs across the globe does have access to the resources they need to build sustainable businesses. Silicon Valley’s advantage—mature startup ecosystem, access to resources, institutional knowledge of starting business. Nar —Charlie and Nicolas (Lebanon) What if they didn’t come here? What if they could get those insights to transform their business in Lebanon? What if they could be empowered to create the support network they needed?
- Varying combinations of institutional, cultural, public policies and social barriers are preventing countless of talented entrepreneurs and innovators from realizing their full potential
- Serving entrepreneurs first empowers innovation Explain investor-first and entrepreneur-first
- Entrepreneurs don’t need another accelerator—they need an elevator
- Non-profit, elevator for entrepreneurs, best of the best people (advisor network)