start ups need a child's imagination
TRANSCRIPT
Thinking Outside the Box
[email protected] Fast 50, Nov 2015
Newsflash: the Internet is now enormous
And with mobile, it will connect 5.6bn people within 5 years
Markets we know are only 14% of global audience with moderate upside
84% Internet coverage
85% Internet coverage
China + India = already 32% of global Internet with lots of room to grow
49% Internet coverage
24% Internet coverage
“We” are already less than "the <20%"
UK & France already smaller than Nigeria
Europe will struggle in next 20 years to keep ahead
The stakes are high
So how is European tech doing?
Despite appearances, actually pretty well…
It feels like blue skies for startups
But we need way more diversity in Europe
We need to change how we think about labour markets
We know 7% of small companies create >50% of new jobs
.
Europe has too many elephants
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
Even Mega-Unicorns are less than 40 years old
$650bn $483bn
$200bn
$422bn
$287bn $280bn
These days you can get very big, very fast
Only a few sectors have really been seriously disrupted
Finan
cial S
ervice
s
Constructi
on and Reso
urces
Transp
ort
Manufac
turin
g
Electr
onicsReta
il
Utilities
Insuran
ce
Consumer
Teleco
Chemica
ls
Food and Drin
ks
Servi
ces
Software
Media
& Entertai
nment
Health
care
Trave
l0
50
100
150
200
250
300
350
400
Forbes 2000 Companies Companies Valued over 1$bn
Forbes 2000 list, Cruchbase, Aileen Lee’s list, Fred Wilson’s Hackpad and Index’s own research
Only entrepreneurs are crazy enough to believe in Unicorns
Zebras as % of city population
UK is surprisingly well positioned to succeed
Open DataOpen Source
Open Standards
Coding in Schools
25% Govt IT budget for
SMEs
Govt Digital Services
Global thought leader in digital transformation
London is increasingly Sand Hill Rd for EMEA
And it’s just getting started
But until Europe can create $50bn unicorns, it needs to be the best place for Zebras
Our mindset needs to be geared for a new world
What do we really know about India & China?
So let’s not be afraid of the dark
Aim high and shoot for the moon
@cape♯majorityworld