Black Swan Start-ups Understanding the Rise of Successful Technology
This book explores startups that have thrived against the odds in places where startup success was deemed to be unlikely. Discussing a number of technology startups from around the world that have succeeded without state backing nor local venture and seed
- PDF / 6,200,222 Bytes
- 270 Pages / 419.58 x 612.28 pts Page_size
- 13 Downloads / 179 Views
BLACK SWAN START-UPS Understanding the Rise of Successful Technology Business in Unlikely Places
Black Swan Start-ups
wwww
Sami Mahroum
Black Swan Start-ups Understanding the Rise of Successful Technology Business in Unlikely Places
Sami Mahroum INSEAD Abu Dhabi Campus Abu Dhabi United Arab Emirates
ISBN 978-1-137-57726-9 ISBN 978-1-137-57727-6 DOI 10.1057/978-1-137-57727-6
(eBook)
Library of Congress Control Number: 2016939256 © The Editor(s) (if applicable) and The Author(s) 2016 The author(s) has/have asserted their right(s) to be identified as the author(s) of this work in accordance with the Copyright, Designs and Patents Act 1988. This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Macmillan Publishers Ltd. London
This book is dedicated to my parents, Mounir Salim Mahroum and Douha Fatima Badiha, who have thrived all their lives in less likely places.
wwww
Foreword
Unicorns, which are start-ups with valuations exceeding US$1 billion, have become a worldwide phenomenon. A decade ago, all unicorns were from the USA. Nowadays they hail from every corner of the globe. They come from Europe but also from emerging markets, Israel, Korea, Indonesia and, above all, India and China. This tectonic shift is part of the ongoing rebalancing of the wealth of nations. Emerging markets are no longer (only) low-cost factory locations but the home of some of the largest ever tech initial public offerings (IPOs) (e.g., Alibaba) and the largest ever “score” of venture capital. Years ago the investment arm of South African firm Naspers invested around US$40 million in an unknown Chinese start-up called Tencent. Today that stake is worth US$40 billion. This “score” is by far the largest ever, more than that managed in Google by legendary venture firm Sequoia, for example. The shifting wealth of nations is today more than ever about tech,
Data Loading...
