Upload
paul-singh
View
2.051
Download
24
Embed Size (px)
DESCRIPTION
Slides for my MEDA Annual conference keynote talking about the increasing intersection between venture capital, high growth tech companies and economic development.
Citation preview
@paulsingh #
THE BUSINESS OF (TECH) STARTUPS
THE (GROWING) INTERSECTION OF VENTURE CAPITAL, HIGH-GROWTH TECH COMPANIES AND ECONOMIC DEVELOPMENT
@paulsingh #
@paulsingh
500 STARTUPS
@paulsingh #
A (R)EVOLUTION IN THINKING
@paulsingh #@paulsingh #MEDAannual
EARLY STAGE STARTUPS
HAVE CHANGED
@paulsingh #@paulsingh #MEDAannual
STARTUP COSTS LOWER THAN EVER
BUT SCALING STILL COSTS MONEY
CLOUD, OPEN SOURCE AND ONLINE DISTRIBUTION DRIVING
@paulsingh #@paulsingh #MEDAannual
WEB GETS BIGGER. WORLD GETS SMALLER.
@paulsingh #@paulsingh #MEDAannual
TRACTION IS THE NEW INTELLECTUAL PROPERTYPLATFORMS (SEARCH, SOCIAL & MOBILE) PRIMARILY DRIVING THE CHANGE.
NO LONGER “GOOD ENOUGH” TO DEPEND ON TECH DIFFERENTIATION.
@paulsingh #@paulsingh #MEDAannual
CAPITAL INCREASINGLY COMMODITIZED
RISE OF THE ANGELS, YO!
@paulsingh #@paulsingh #MEDAannual
NEW REALITY: MONEY FOLLOWS
FOUNDERSRISE OF THE ENTREPRENEURS, YO!
@paulsingh #
ECONOMIC DEVELOPMENT HAS CHANGED
@paulsingh #
THE AGE OF THE INDUSTRIAL CITY
IS OVER
@paulsingh #
NOW POSSIBLE TO BUILD BILLION DOLLAR
COMPANIES IN T-SHIRTS FROM A COUCH
@paulsingh #
FROM ANYWHERE*
@paulsingh #
BUT…
@paulsingh #
MORE THAN TRADITIONAL INDUSTRIES, KNOWLEDGE ECONOMY HAS AN INHERENT TENDENCY TOWARDS GEOGRAPHIC AGGLOMERATIONADVANTAGES MATTER, AND THE FUTURE DEPENDS HEAVILY ON THE PAST. !THE SUCCESS OF A CITY FOSTERS MORE SUCCESS, AS COMMUNITIES THAT CAN ATTRACT SKILLED WORKERS AND GOOD JOBS TEND TO ATTRACT EVEN MORE.
“
-- ENRICO MORETTI
@paulsingh #
NEAR PERFECT CORRELATION BETWEEN
URBANIZATION AND PROSPERITY
@paulsingh #
NEAR PERFECT CORRELATION BETWEEN PRESENCE OF SMALL
FIRMS AND THE LATER GROWTH OF A REGION*
@paulsingh #
BUT…
@paulsingh #
TECH COMPANIES WILL NEVER CREATE THE MAJORITY OF JOBS
@paulsingh #
TECH COMPANIES HAVE A DISPROPORTIONATELY
POSITIVE EFFECT ON THE ECONOMY
@paulsingh #
WHAT HAPPENS IN THE TECH SECTOR DETERMINES THE SALARY OF MOST PEOPLE, WHETHER THEY WORK IN
TECH OR NOT
@paulsingh #
ALTHOUGH JOBS IN LOCAL SERVICES CONSTITUTE THE VAST MAJORITY OF JOBS, THEY ARE THE ECONOMIC GROWTH.
“-- ENRICO MORETTI
@paulsingh #
PROXIMITY IS VALUABLE
@paulsingh #
MODERN ECONOMIC DEV !
PEOPLE > STRUCTURES
@paulsingh #@paulsingh #MEDAannual
HUGE OPPORTUNITY AT THE POST-SEED,
PRE-A LEVEL
@paulsingh #@paulsingh #MEDAannual
INVESTORS: INVEST OUTSIDE YOUR
REGION, BRING THE BEST FOUNDERS TO YOUR CITY
@paulsingh #
@paulsingh #
TECHNOLOGY IS THE FUNDAMENTAL DRIVER OF
GROWTH IN THE INDUSTRIALIZED WORLD
@paulsingh #
LEARN MORE: disruption.vc
THE BUSINESS OF (TECH) STARTUPS
THE (GROWING) INTERSECTION OF VENTURE CAPITAL, HIGH-GROWTH TECH COMPANIES AND ECONOMIC DEVELOPMENT