startup turkey 2017 - fadi bishari
TRANSCRIPT
blackboxElevating Entrepreneurs Everywhere
Everything we do at Blackbox is about elevating entrepreneurs.
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Our programs have been helping startup founders level up for 5 years
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We serve entrepreneurs in every corner of the globe—58 counties so
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4300+Startups
Applied
250StartupsAccepted
350Founders
Graduated
38%Female
Founders
58Countries Represente
d
Since 2013Google Partner
91%Survival
Rate
65%Raised Add’l
Funding
$520MPortfolio
Valuation
9Startups Exited
Blackbox has a strong global network
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Welcoming the dawn of the Entrepreneurial Era!
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Industrial Revolution
1800 – 1950
Information Revolution
1950 – 2010→ →
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It’s global shift in the economy
Entrepreneurial Revolution2010 – Present
1. Democratization of entrepreneurship driven by technology
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2. Growth innovation diversifying away from Silicon Valley
3. Emergence of first globally connected generation on the world
stage
The revolution is shaped by three key global trends
But there’s inequality of entrepreneurial opportunity
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Millions of entrepreneurs across the globe are unable to realize their full potential because of institutional, cultural, and
social barriers
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Their global economic impact is enormous
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$22 Trillion in Unrealized GDP
Globally
$22,000,000,000,000
Source: (https://thegedi.org/ ) GEDI; 2017 Global Entrepreneurial Index - based on a 10% increase in GEI
By improving the conditions for entrepreneurship by 10%, Turkey could add
$331,000,000,000to its economy
Turkey
Source: (https://thegedi.org/ ) GEDI; 2017 Global Entrepreneurial Index - based on a 10% increase in GEI blackbox
Turkey
Risk Acceptance (0.25)
Strongest area:Risk Capital (0.76)
Weakestarea:
Source: (https://thegedi.org/ ) GEDI; 2017 Global Entrepreneurial Index - based on a 10% increase in GEI blackbox
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Inequality of opportunities can lead to a devastating cycle of destruction that starts with resistance, resentment and escalating
violent revenge
Hama, SyriaFebruary
1982Homs, SyriaApril 2013
Conditions that support the development of strong entrepreneurial
ecosystem directly correlated with conditions that support prosperity and
peace in the world
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Conditions that support the development of strong entrepreneurial
ecosystem directly correlated with conditions that support prosperity and
peace in the world
Every country can do more to empower innovative entrepreneurs
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Innovation has a 5-6x greater impact on economic growth than
increasing inputs
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Accelerators encourage
entrepreneurial activity
Entrepreneurial activity stimulates innovation
Innovation multiplies economic growth*
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One of the most common solution for economic growth is Startup
Accelerators
But the accelerator approach serves venture investors first — entrepreneurs second
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They fail to address inequality of entrepreneurial opportunity and hold back long-term economic
growth
Supporting entrepreneurial activities that create long-term economic growth requires
more than investment capital
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Talent & leadership
development
Nurturing growth
knowledge
Active network access
Expert mentoring &
guidance
Supporting long-term economic requires risk capital AND:
Blackbox Serves Entrepreneurs First
Entrepreneur-firstInvestor-first
Narrow Value
Holistic Value
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YCombinatorTechstars
500 Startups
Endeavor
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Entrepreneur-first programs are the key to
turning emerging startup ecosystems into innovation
hubs that sustain long-term economic growth
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VALU
E CR
EATE
D
TIME
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Elevate and Accelerate
STARTUP POTENTIAL ACCELERATOR BLACKBOX
blackboxElevating Entrepreneurs Everywhere
Fadi BisharaFounder & CEO
789 University Avenue Palo Alto, CA 94301@blackboxvc @fbishara