Slides for my MEDA Annual conference keynote talking about the increasing intersection between venture capital, high growth tech companies and economic development.
Text of The Business of (Tech) Startups - MEDA Annual Conference - Apr 2014
@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 EVERBUT 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 COMMODITIZEDRISE OF THE ANGELS, YO!
@paulsingh #@paulsingh #MEDAannual NEW REALITY: MONEY FOLLOWS FOUNDERS RISE 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 AGGLOMERATION ADVANTAGES 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
