Thinking Beyond The Bubble
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Transcript of Thinking Beyond The Bubble
Thinking Beyond the Bubble
Saul Klein@cape @localglobevcSprint 16 Feb, 2016
Newsflash: the Internet is now enormous
And with mobile, it will connect 5.6bn people within 5 years
Markets we know well 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
The stakes are high
So how is UK tech doing?
Despite appearances, actually pretty well…
It feels like blue skies for startups
But we need to look outwards and push for way more diversity to really grow
We know 7% of small companies create >50% of new jobs
.
We need more jobs, we need the right jobs - we need to change how we think about labour markets
We have too many elephants, many past their prime
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
But our cities lead the world in wanting to be entrepreneurial
With the right ingredients, these days you can get very big, very fast
The Mega-Unicorns are less than 40 years old
$650bn $483bn
$200bn
$422bn
$287bn $280bn
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
UK is surprisingly well positioned to succeed
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
And it’s just getting started
London is increasingly Sand Hill Rd for EMEA
To create $50bn unicorns, we need to be the best place in the world for Zebras
Our mindset needs to be geared for a new world
We used to know a lot about India & China
We definitely know all a lot about the US
We used to know a lot about Nigeria
We have our 1st major chance for 150 years to impact society at scale
So let’s not be afraid of the dark
Aim high and shoot for the moon
@cape♯majorityworld