The Solution: Innovation And Entrepreneurship
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Transcript of The Solution: Innovation And Entrepreneurship
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labs.is.co.zajustin spratt – 27 July 09
www.twitter.com/justinspratt
THE SOLUTION:Innovation + Entrepreneurs
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So who the is this guy?
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The Bad News: Global Recession
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How Fear Drove the Recession – Fear is Now Bottoming Out
“The only thing we have to fear is fear itself.”
-- Franklin Roosevelt
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US Retail Sales
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US housing market
Source: INet
NAHB/Wells Fargo Housing Market Index
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Global Contraction
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Recovery time-lines
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The Good News
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Developing Economies Growing
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1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
$ Tr
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Developing EconomiesAdvanced Economies
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• Lived in 3 countries SA = LOTS of talent
• Enough $ for new business Horizon, 4DiCapital, HP-Ventures, HBD
• Govt regulatory drag is RELATIVELY low
• Highly networked countrylabs.is.co.za
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Taking Stock
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BUT we need more entrepreneurs!
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Need increased penchant for
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“I want to put a dent in the universe”
Steve Jobs
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“We used to dream about this stuff. Now, we get to build it. It’s pretty neat”
Steve Jobs
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Make a Difference…
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Or live on your island…bought with money from the listing
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We need you!