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How to Build a Thriving Entrepreneurial Ecosystem. Anywhere. | Antonio Lück | TEDxWayneStateU


[Music]
how to build a thriving entrepreneurial
ecosystem anywhere please please meet
Wednesday’s Cazares from sheep farmer to
one of the most influential individuals
in the intrapreneurial ecosystem in
Argentina he was born a sheep farmer in
Patagonia and when he was 20 years old
he caught the intrapreneurial bug he
started the first Internet service
provider company in Argentina and three
years later started Paragon an online
broker firm with the help of endeavour
he sold Paragon to suntan there for 585
million dollars and that was only three
years after he first pitched his ideas
he immediately became a world acclaimed
entrepreneur and a mentor to many
budding entrepreneurs he’s a household
name in Argentina in an international in
the role model today he’s the CEO of
Zappo which is a Bitcoin vault and also
a Bitcoin debit card you may have also
heard about Silicon Valley not the
geological formation that was built or
created many many many years ago but the
tech ecosystem as we all know or think
about Silicon Valley as we know it today
the tech ecosystem was born about 60
years ago and sprung out for about three
companies one of them is depicted in
this really cool picture Fairchild
Semiconductor here in this infographic
the size of the bubbles de SPECT how
much influence each of these
organizations has had in the ecosystem
and as you can see were using Fairchild
in the center to show how an ecosystem
can be built the lines connecting means
there is a connection between or some
interaction between those companies
either through mentorship investments
and others this is a very simplified
model of the maps that you’ll see later
on and depicts a very specific industry
we would not be able to talk about all
the industries in all the technology
is that sprung initially from companies
like Fairchild let’s get a little bit
more complex now as we go forward and
we’ll use a modern example I’m sure you
heard about PayPal and many of you might
have even used it today I’ll introduce
you here to the PayPal mafia all of
these execs went on to join other
companies each of these individual
played a differential role in the
creation and the amplification of the
ecosystem in the valley the 14 founders
and executives from PayPal went on to
create and/or join 11 other companies
Elon Musk from Tesla as you well know is
one of the international role models for
innovation Reid Hoffman is credited by
many as one of the best mentors anyone
could have Roelof Botha joined Sequoia
Capital and continues to invest and
inject capital in early-stage companies
and in ideas dave McClure a former
employee of PayPal went on to create 500
startups an internationally acclaimed
well let’s return to our friend
Wednesdays and look more profoundly into
his story when he first started as an
entrepreneur there was very little
connectivity and very little happening
in the tech ecosystem in Argentina to
really help and be able to assist him in
bringing his vision into reality even
though even so he forged on and created
Paragon in 1997 it’s interesting to note
that he was rejected by 34 investors he
didn’t have role models he didn’t have
Mentors
he didn’t have the right last name in
Argentina he joined endeavour in 1998 a
global organization that exists to
really be able to connect intrapreneur
with the five key pieces of the puzzle
we’ve been talking about in 1999 winces
was able to raise four million dollars
in equity to scale his company from a
start-up to a big organization
the following year he sold Paragon or
75% of Paragon to sentient data for 585
million becoming an investor in mercado
libre become a mentor to so many other
organizations in inspiring new companies
to be formed he instantly transformed
into a role model for budding
entrepreneurs winston’s became as an
investor at mercado libre d he helped
grow that company which today is a deca
corn and also as mercado libre glue
expanded its influence in the ecosystem
and pretty much as once estate pay it
forward by mentoring investing and being
role models for other organizations this
graph may look chaotic right now but it
really demonstrates how the 5 key pieces
of an ecosystem can come together to
support the growth of the ecosystem if
these pieces are fostered and really
nourished by organizations they it’s
possible to catalyze and grow these
ecosystems even faster we use the
different color here to be able to show
you that three entrepreneurs influenced
over 80% of an ecosystem in which today
together represent close to 1% of the
GDP in Argentina this is another way to
look at how whence it’s influenced the
ecosystem and how he was really
important to the creation of so many
other companies as you can see he
invested or he was a founder of five
different organizations he invested in
40 organizations and mentored so many
others but this is not a privilege of
only Argentina as you can see we have
maps for tech industries and tech
environments an ecosystem in other
places throughout the world here’s the
depicted quickly Amman and Jordan and
it’s also not specific to the tech
industry Mexico’s food and beverage
market shows a different picture CMR was
one of the earlier bigger organizations
in the late 60s in Mexico and as you can
see this is very the very beginning of
the ecosystem few companies one
disguised big
ready in the beginning for that ten
years later you see LCI coming as a big
player and already some
interconnectivity developing in the echo
system through investment and mentorship
ten years later you see the replication
of that in the ecosystem in how
exponential it becomes and ten years
later so many more new organizations and
that outer ring that have been
influenced by some a few organizations
but strongly influenced by a few
organizations and having a huge impact
in the ecosystem in Mexico for the food
sector so we just saw how thriving
intrapreneurs and thrive intrapreneur
ecosystem in four different countries in
different industries based on our five
pieces of the puzzle as you can see
talent from a few companies supported by
mentors and capital creates a successful
ecosystems that is built intrapreneur to
entrepreneur and it can be replicated in
any city in any market in any industry
if we were to build one of our
infographics for your hometown which
piece of the puzzle would you be thank
you [Applause]
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