beyond the bubble feb 2016
TRANSCRIPT
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Thinking Beyond the Bubble
Saul Klein@cape @localglobevcSprint 16 Feb, 2016
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Newsflash: the Internet is now enormous
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And with mobile, it will connect 5.6bn people within 5 years
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Markets we know well are only 14% of global audience with moderate upside
84% Internet coverage
85% Internet coverage
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China + India = already 32% of global Internet with lots of room to grow
49% Internet coverage
24% Internet coverage
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“We” are already less than "the <20%"
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UK & France already smaller than Nigeria
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The stakes are high
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So how is UK tech doing?
Despite appearances, actually pretty well…
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It feels like blue skies for startups
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But we need to look outwards and push for way more diversity to really grow
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We know 7% of small companies create >50% of new jobs
.
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We need more jobs, we need the right jobs - we need to change how we think about labour markets
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We have too many elephants, many past their prime
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Cities Companies Universities
1976
1690
1830
3,146 837
Companies >200 yrs old
1821
1885
1096
1088
Athens1400 BC
1776
Lisbon1200 BC
Malaga8th Century BC
Rome753 BC
Marseille600 BC
London43 AD
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But our cities lead the world in wanting to be entrepreneurial
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With the right ingredients, these days you can get very big, very fast
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The Mega-Unicorns are less than 40 years old
$650bn $483bn
$200bn
$422bn
$287bn $280bn
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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
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UK is surprisingly well positioned to succeed
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Open DataOpen 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
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And it’s just getting started
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London is increasingly Sand Hill Rd for EMEA
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To create $50bn unicorns, we need to be the best place in the world for Zebras
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Our mindset needs to be geared for a new world
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We used to know a lot about India & China
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We definitely know all a lot about the US
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We used to know a lot about Nigeria
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We have our 1st major chance for 150 years to impact society at scale
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So let’s not be afraid of the dark
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Aim high and shoot for the moon
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@cape♯majorityworld