IWTC keynote presentation
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Transcript of IWTC keynote presentation
web2ireland 2010fergus burns
View of Ireland
•Martin Varsavsky
•Entrepreneur and Angel
•“Ireland shows that to thrive you don’t needto have leading global companies. U just need forthem to like U.”
2008•Ecosystem
•Entrepreneurs
•Startups
•Skills
• Investment
•AGILE AMY
•Exits
•Support
Entrepreneurs•Chancer’s - Arthur Daly
•Tax-dodgers
•Life blood of the economy
•Build Stuff
•Take risks
•Create Value
•Age is not a factor
Startups•Enterprise Ireland
•200 by 2010
•No mention of web2.0, internet, etc.
•Web2Ireland startup’s ?
•Global
•Long Tail Business Model
•Capital Efficient
Skills
Skills
•AIB versus Startup
•Equity versus 4 Holidays a year
•The $10million Porsche
Investment• Irish Angels
•Last seen boarding flights for Berlin
• Irish VCs
• IVCA - €1.25 Billion
•Web2.0 investment - N/A
•Global/European VCs
• Investing in Web2.0 Sector
AGILEAMY
• Irish Operations
•Question - how many startups from AGILEAMY
•Question - how many acquisitions by AGILEAMY
Exits
•needahotel.com
• stockbyte
•myhome.ie
•$259million....
• versus enterprise/mobile.....
Support•Grass Roots
•Paddys Valley
•OpenCoffee
• IrishDev – Developer groups
•BarCamp
•DemoBar
•Techludd
•Curry 2.0
Support
•Top Down
•Enterprise Ireland
• ISA
• IDA
• Intertrade Ireland
Web2Ireland2010
Wishlist
•Success
•People
•Startup Activity
•Angels
•Support
Success
•Creates Opportunity
•€1 billion worth of exits
•R+D facilities in Ireland
•Home run mentality
•U2/Ryanair of web2.0
• Israel as benchmark
People
•Top Coders - Geeks !!
•Entrepreneurs - Long tail !!
•Business Schools - Irish Stanford !!
•Academia - all that R+D spend from EI
•AGILEAMY - boredom !!
Startups
•200 Companies
• Irish SeedCamp
• versus
•M50 Programme
•etc, etc, etc, etc...
•Red-tape......
Angels•An Irish Ron Conway
•Sells to CBT - Irish
• Invests in Google
•100+ Angel Investments
•Friends of Web2Ireland
•Tim O’Reilly
•Guinness Drinkers....
Support
•Grass Roots
•Focus - co-ordination
•Top Down
•Leadership for Growth - Stanford
•Long Tail versus Service led biz
Summary
•Successful ecosystem
• Ireland - web2.0 centre of excellence
•European R+D smarts
•Global business leaders
• Investment Opportunities
•Value Creation