20120920 dimitris tsigos-igniteathens
DESCRIPTION
The presentation I did NOT do at the Ignite Athens Show. Dedicated with love to former US Secretary of Defense, Donald Rumsfeld! Turning Europe YOUNG again!TRANSCRIPT
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YES European Confederation of Young Entrepreneurs
The European Startup Revolution
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YES European Confederation of Young Entrepreneurs
Turning Europe Young Again: The “Startup Revolution”
Ignite AthensThursday September 20th 2012
Dimitris TsigosPresident
YES – European Confederation of Young Entrepreneurs
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YES European Confederation of Young Entrepreneurs
Youth of Europe
• Unemployment– It’s not the problem, it’s a symptom of the
problem– The recovery of the global economy has been
proven fragile
• The youth of Europe has to make a decision on their future– Shall we change things?
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YES European Confederation of Young Entrepreneurs
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YES European Confederation of Young Entrepreneurs
Though in a completely irrelevant context, in a course proven already wrong & unfair by
history,
Secretary Rumsfeld got it right:
Europe is old.
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YES European Confederation of Young Entrepreneurs
If Europe was a person
• Would probably be a very conservative person
• Also, a rather old person
• Old persons – usually – have lower dynamism, don’t like risk-taking, go the safe way
• Do we really like this Old Europe?
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YES European Confederation of Young Entrepreneurs
Young European Entrepreneurs are turning Europe
YOUNG AGAIN!
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YES European Confederation of Young Entrepreneurs
EU GDP >> USA GDP
We lack economic dynamism
Who is gonna create the necessary economic dynamism?
The Youth of Europe!
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YES European Confederation of Young Entrepreneurs
How?
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YES European Confederation of Young Entrepreneurs
Very simple. By starting-up!
Startups are creating new jobs!
“Employment Boost: 83% of U.S. Startups Plan To Hire in 2011”
http://mashable.com/2011/04/22/startup-outlook/
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YES European Confederation of Young Entrepreneurs
We all need to start-up!
• We need to inspire CREATIVITY – In the educational system– In life-long learning– In the whole society
• It’s not fancy only to consume any more, it’s even fancier to produce!
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YES European Confederation of Young Entrepreneurs
Has the World realized the necessity to start-up?
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YES European Confederation of Young Entrepreneurs
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YES European Confederation of Young Entrepreneurs
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YES European Confederation of Young Entrepreneurs
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YES European Confederation of Young Entrepreneurs
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YES European Confederation of Young Entrepreneurs
What about the StartupEurope initiative?
We all look forward to it!
Let’s do it!
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YES European Confederation of Young Entrepreneurs
Are we really trying to start-up?
• VC Spending per capita– US: $100– EU: $10– Euro-zone: $5
– Israel: $250
• Israel alone invests more in VC than Germany, France & UK together
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YES European Confederation of Young Entrepreneurs
Can we really start-up in Europe?
• According to EBAN – European Business Angels Network, the volume of early-stage investments in 2009 has been …– US: $18B– EU: 4B
• While EU27 GDP has been considerably higher than the US GDP
• Entrepreneurship can turn ‘Old Europe’ young again!
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YES European Confederation of Young Entrepreneurs
Why to Start-up?
“The mission of a company is to maximize shareholders value”
…as well as to get very high bonuses!
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YES European Confederation of Young Entrepreneurs
Sorry, not any more.
This model (thank God!) collapsed together with Lehman Brothers
Not sure that everybody has realized this fact.
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YES European Confederation of Young Entrepreneurs
So, what is it all about?
• Entrepreneurship was supposed to be just about making money
• Now it’s about materializing creativity!– It’s actually about happiness
• It’s about building a new kind of relationship with labor, based on the joy of creating!
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YES European Confederation of Young Entrepreneurs
What’s the new key-word?
Sustainability!
We need to push for the “ecosystem approach” in European start-ups
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YES European Confederation of Young Entrepreneurs
Entrepreneurship & Education
• There is a missing link in the European educational & research system– R&D – Startups– Failure stories in the subsidized R&D projects
• We need to boost creativity in the educational system– Result orientation– Culture of failure!
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YES European Confederation of Young Entrepreneurs
If you’re afraid of failing…
…then you simply don’t try!
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YES European Confederation of Young Entrepreneurs
Creating opportunities
• Short-term– Access to capital– Special focus to increased availability of risk financing
• Beware of the death valley!
• Mid-term– Access to market– Materialize the “Single European Market” concept for
enterprises• Long-term
– Entrepreneurial culture– Promotion of new development models based on the
regional competitive advantages & culture• The end of Fordism
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YES European Confederation of Young Entrepreneurs
So, is there a crisis after all?
Yes, but it’s not financial.
The crisis is political.
The solution can only be political!
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YES European Confederation of Young Entrepreneurs
What about Europe?
No, the end of the world is not coming.
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YES European Confederation of Young Entrepreneurs
We must be optimistic!
• Europe is far more sustainable both from the US and from China– No over-debt, no over-consumption– Reasonable conditions in the labor market
• Mid-term we need to address the issue of political integration
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YES European Confederation of Young Entrepreneurs
The triangle of European success
• Symbolic Capital
• Human Capital
• Financial Capital
• Europe doubtlessly leads the World in all of those three axis.
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YES European Confederation of Young Entrepreneurs
The time to get Europe truly united is coming!
A Federal Europe is not a dream for tomorrow, it’s a necessity of
today.
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YES European Confederation of Young Entrepreneurs
Thank you