I stand here today with the belief that
if one changes thought one changes
everything
for all the things that we enjoy today
there is much that we all do people who
believed in the possibility of a new
future who dreamt who persevered created
and delivered on the promise of
entrepreneurship and I can’t think of a
better way but to begin my talk by
acknowledging and celebrating some of
these pioneers and visionaries I don’t
need any introduction it has changed the
way we live our life the way the
information in the world got organized
and the way we consume it it’s a great
equalizer in many ways that it is used
not only in Western countries it’s used
across the globe it used in urban areas
it’s used in rural areas it’s available
in so many languages and it’s truly been
transformative social media revolution
again we don’t need any introduction
perhaps all of you use it you use
Facebook you use whatsapp you use all of
these tools and they have transformed
the way we live and again great
equalizers when they started what were
their mission today
this company’s mission is to make the
world a more open and connected place
then there are examples there are
companies which tried solving the
problem of information poverty in the
world you have a food Emmy veracity
Eric’s Kahn Academy
brilliant organizations and relent ideas
they took the best of the academic
content and put it out in the open
source way available for anyone to use
across the globe some more examples you
see how there’s so much happening in the
world of financial acces how a bank is
getting unbundled but I particularly
want to pick up one organization which
is closer to my heart which is Grameen
Bank which
the movement around microfinance and
brought Bank to poor people and access
to money where they needed now it’s very
interesting
while we look at what’s been happening
and celebrate all of these organizations
which have been built by these very
inspiring entrepreneurs
they’ve been supported by very many
people to build the organizations that
they built
they’ve been supported by private equity
investors they’ve been supported by
venture capitalists they’ve been
supported by government aides and
foundations and various other sources
that they could you know gather capital
from to build the organizations that
they build let’s look at you know what’s
happening across the globe how we wish
that that was the dominant model in
entrepreneurship and that’s what you
know was happening across the globe but
such is not the case so if you look at
the world right now there is intense
amount of activity in the entire startup
ecosystem everyone wants to be an
entrepreneur everyone wants to do a
start-up the governments are talking
about it everyone is kicked about it
right so it’s buzzing the world is
moving from an industrial era to an
information era and that’s visible in
this globe when you look at the
organizations which are raising the most
of the money which are flourishing
across the world are the organizations
which are playing in the information era
so information era is blooming
technology is creating wealth at an
exponential pace unfortunately that is
not uniformly divided across the globe
there are some people who have more and
there are some people who have none so
the gap between the haves and have-nots
is increasing and why is that so let’s
look at that if you look at some of
these sectors which are hot there is a
lot of money being spent on artificial
intelligence big data IOT Internet of
Things cyber security there is money
being spent on FinTech artificial
reality and these are the sectors which
are hot right now let’s look at the
world’s most valuable startups these are
organizations which have equity funding
in
billions of dollars there’s market cap
is again billions of dollars
uber Airbnb I’m sure some of you use
these organizations in your day-to-day
life the way you go about doing things
and these are the most valuable
organizations right now so this is all
very exciting but the world is not
perfect what the world could be and
where it is right now there is a huge
gap another picture for you to
understand now great these are the top
10 healthcare startups in the world they
all have hundreds and millions of
dollars of funding but and they have
funding from again venture capitalists
private equity hedge funds and they all
are very valuable doing extremely
interesting about kind of work but they
benefit select few select geographies
and select set of people are getting
benefitted by this look at another
example
these are the FinTech startups coming
out of New York just New York right and
you see how the world if you were to
look at a picture of the world and you
see spikes in where these startup
activities where the money is what’s
happening this is what you’ll notice
that there are some places where the
money is being spent and people are
benefiting but there are the places in
the world where money is not there and
there is no benefit coming out of it
so interesting I mean why is this
happening
what’s the reason that we have this you
know ironic situation despite all the
progress that we have made and despite
you know we live in a materially
advanced world where science and
technologically much better off from
where we were we all lead very
comfortable lives
it’s a globalized world but we still
have to deal with problems of hunger
inequality suffering and why is it that
we have to you know still battle with
these problems my submission is that
there is a dominant focus on economic
activity there is so much focus on
productivity return on investment and
things happen where the money’s ideas
and action is where the money is
and given our complete mindset we have a
lopsided world right now market a
funding market opportunity and funding
deciding entrepreneurial activity is
like a tail wagging the dog it’s a
you look at the money which is being
spent in hot sectors so called hot
sectors so we have this contrast where
we have a world which is of course not
equal there’s a gap which is ever
widening between haves and have-nots we
have lots of issues around you know
hunger security poverty that we have to
deal with and there is money being spent
on all of these things online security
and fraud addiction artificial
intelligence smart sensors drones
augmented reality do you see a
disconnect I see a huge disconnect what
makes these sectors hot it’s a
self-fulfilling phenomena that’s how
bubbles get created as well money is
being spent because there is technology
available to do cool stuff in them there
is lot more innovation possible so
everyone runs behind it right and when
money is being spent in these areas it
creates activity and that resultant
activity makes it further hotter so it’s
a self-fulfilling phenomena and that’s
how bubbles get created when one decides
to be an entrepreneur how should one
zero in on an idea what should motivate
an entrepreneur or how should an
entrepreneur get inspired by real needs
and real problems right shouldn’t we be
solving for access to healthcare access
to education clean water secure lives
shouldn’t we be talking about
sustainability about renewable energy
but such as not the case we are actually
not looking at that so what should
actually be the goal of entrepreneurship
is the Entrepreneurship about making
more money or is entrepreneurship about
being more committed to the impact that
you can create the possibility of
creating a new future delivering a
better world what is supposed to be an
Jonah’s goal to actually make good lives
incrementally better or deliver a better
world overall which is equal for a lot
of people entrepreneurs are celebrated
people because they take initiative
they’re not afraid of risk they dream
they create they work extremely hard and
they try and deliver on the promise and
entrepreneurship at some point in time I
don’t know how it became about all about
wealth creation and we created this very
interesting divide in entrepreneurship
so when it became a lot about wealth
creation some people who are not happy
with the way things were progressing
came around and created this whole
social entrepreneurship movement and we
created this divide between
entrepreneurs and social entrepreneurs
by doing that we also abdicated social
entrepreneurs of their accountability to
create larger common good which is
actually extremely important so if we
were to think about creating
entrepreneurs like those then what
should we do I want to share a quick
example I was recently invited to
startup weekend in Dharamsala to judge
some of the startups lot of young people
came together and they were hacking
ideas over 48 hours to create something
new I was very impressed by one
particular idea which was by two
youngsters there is a problem in the
hills that water carrying water from one
place to the other place is extremely
difficult pipes water pipes occasionally
get broken and when they get broken it
takes a long time to fix them you don’t
get water and obviously it’s a challenge
to just get them fix these people came
up with a simple smart solution there
you click a picture it gets geotag
timestamp and through an app gets mailed
to the Public Works Department and they
know exactly where the problem is when
it happened and then they can come back
and you know solve it I was blown away
there was no revenue model there was no
health creation they were not thinking
scale they were thinking impact right so
if we
made entrepreneurs like those then what
should we do where should we go I guess
we need people who view the world
differently right I guess we need people
who are driven not necessarily by the
financial gains but they are thinking
beyond self they are conscious and they
have a larger common good in mind and to
be able to develop those abilities I
think entrepreneurs need to think about
solitude self reflection inner drive and
solitude is extremely important because
in the current world the way we are
connected our ideas and thoughts get
marinated very quickly with the popular
information flows and what’s available
out there and that’s how entrepreneurs
start thinking so we really need people
who can show the courage to go against
the tide and in the end I will just like
to propose that why can’t
entrepreneurship be a mission to fight
the world’s fight and not just be a mere business opportunity thank you
if one changes thought one changes
everything
for all the things that we enjoy today
there is much that we all do people who
believed in the possibility of a new
future who dreamt who persevered created
and delivered on the promise of
entrepreneurship and I can’t think of a
better way but to begin my talk by
acknowledging and celebrating some of
these pioneers and visionaries I don’t
need any introduction it has changed the
way we live our life the way the
information in the world got organized
and the way we consume it it’s a great
equalizer in many ways that it is used
not only in Western countries it’s used
across the globe it used in urban areas
it’s used in rural areas it’s available
in so many languages and it’s truly been
transformative social media revolution
again we don’t need any introduction
perhaps all of you use it you use
Facebook you use whatsapp you use all of
these tools and they have transformed
the way we live and again great
equalizers when they started what were
their mission today
this company’s mission is to make the
world a more open and connected place
then there are examples there are
companies which tried solving the
problem of information poverty in the
world you have a food Emmy veracity
Eric’s Kahn Academy
brilliant organizations and relent ideas
they took the best of the academic
content and put it out in the open
source way available for anyone to use
across the globe some more examples you
see how there’s so much happening in the
world of financial acces how a bank is
getting unbundled but I particularly
want to pick up one organization which
is closer to my heart which is Grameen
Bank which
the movement around microfinance and
brought Bank to poor people and access
to money where they needed now it’s very
interesting
while we look at what’s been happening
and celebrate all of these organizations
which have been built by these very
inspiring entrepreneurs
they’ve been supported by very many
people to build the organizations that
they built
they’ve been supported by private equity
investors they’ve been supported by
venture capitalists they’ve been
supported by government aides and
foundations and various other sources
that they could you know gather capital
from to build the organizations that
they build let’s look at you know what’s
happening across the globe how we wish
that that was the dominant model in
entrepreneurship and that’s what you
know was happening across the globe but
such is not the case so if you look at
the world right now there is intense
amount of activity in the entire startup
ecosystem everyone wants to be an
entrepreneur everyone wants to do a
start-up the governments are talking
about it everyone is kicked about it
right so it’s buzzing the world is
moving from an industrial era to an
information era and that’s visible in
this globe when you look at the
organizations which are raising the most
of the money which are flourishing
across the world are the organizations
which are playing in the information era
so information era is blooming
technology is creating wealth at an
exponential pace unfortunately that is
not uniformly divided across the globe
there are some people who have more and
there are some people who have none so
the gap between the haves and have-nots
is increasing and why is that so let’s
look at that if you look at some of
these sectors which are hot there is a
lot of money being spent on artificial
intelligence big data IOT Internet of
Things cyber security there is money
being spent on FinTech artificial
reality and these are the sectors which
are hot right now let’s look at the
world’s most valuable startups these are
organizations which have equity funding
in
billions of dollars there’s market cap
is again billions of dollars
uber Airbnb I’m sure some of you use
these organizations in your day-to-day
life the way you go about doing things
and these are the most valuable
organizations right now so this is all
very exciting but the world is not
perfect what the world could be and
where it is right now there is a huge
gap another picture for you to
understand now great these are the top
10 healthcare startups in the world they
all have hundreds and millions of
dollars of funding but and they have
funding from again venture capitalists
private equity hedge funds and they all
are very valuable doing extremely
interesting about kind of work but they
benefit select few select geographies
and select set of people are getting
benefitted by this look at another
example
these are the FinTech startups coming
out of New York just New York right and
you see how the world if you were to
look at a picture of the world and you
see spikes in where these startup
activities where the money is what’s
happening this is what you’ll notice
that there are some places where the
money is being spent and people are
benefiting but there are the places in
the world where money is not there and
there is no benefit coming out of it
so interesting I mean why is this
happening
what’s the reason that we have this you
know ironic situation despite all the
progress that we have made and despite
you know we live in a materially
advanced world where science and
technologically much better off from
where we were we all lead very
comfortable lives
it’s a globalized world but we still
have to deal with problems of hunger
inequality suffering and why is it that
we have to you know still battle with
these problems my submission is that
there is a dominant focus on economic
activity there is so much focus on
productivity return on investment and
things happen where the money’s ideas
and action is where the money is
and given our complete mindset we have a
lopsided world right now market a
funding market opportunity and funding
deciding entrepreneurial activity is
like a tail wagging the dog it’s a
you look at the money which is being
spent in hot sectors so called hot
sectors so we have this contrast where
we have a world which is of course not
equal there’s a gap which is ever
widening between haves and have-nots we
have lots of issues around you know
hunger security poverty that we have to
deal with and there is money being spent
on all of these things online security
and fraud addiction artificial
intelligence smart sensors drones
augmented reality do you see a
disconnect I see a huge disconnect what
makes these sectors hot it’s a
self-fulfilling phenomena that’s how
bubbles get created as well money is
being spent because there is technology
available to do cool stuff in them there
is lot more innovation possible so
everyone runs behind it right and when
money is being spent in these areas it
creates activity and that resultant
activity makes it further hotter so it’s
a self-fulfilling phenomena and that’s
how bubbles get created when one decides
to be an entrepreneur how should one
zero in on an idea what should motivate
an entrepreneur or how should an
entrepreneur get inspired by real needs
and real problems right shouldn’t we be
solving for access to healthcare access
to education clean water secure lives
shouldn’t we be talking about
sustainability about renewable energy
but such as not the case we are actually
not looking at that so what should
actually be the goal of entrepreneurship
is the Entrepreneurship about making
more money or is entrepreneurship about
being more committed to the impact that
you can create the possibility of
creating a new future delivering a
better world what is supposed to be an
Jonah’s goal to actually make good lives
incrementally better or deliver a better
world overall which is equal for a lot
of people entrepreneurs are celebrated
people because they take initiative
they’re not afraid of risk they dream
they create they work extremely hard and
they try and deliver on the promise and
entrepreneurship at some point in time I
don’t know how it became about all about
wealth creation and we created this very
interesting divide in entrepreneurship
so when it became a lot about wealth
creation some people who are not happy
with the way things were progressing
came around and created this whole
social entrepreneurship movement and we
created this divide between
entrepreneurs and social entrepreneurs
by doing that we also abdicated social
entrepreneurs of their accountability to
create larger common good which is
actually extremely important so if we
were to think about creating
entrepreneurs like those then what
should we do I want to share a quick
example I was recently invited to
startup weekend in Dharamsala to judge
some of the startups lot of young people
came together and they were hacking
ideas over 48 hours to create something
new I was very impressed by one
particular idea which was by two
youngsters there is a problem in the
hills that water carrying water from one
place to the other place is extremely
difficult pipes water pipes occasionally
get broken and when they get broken it
takes a long time to fix them you don’t
get water and obviously it’s a challenge
to just get them fix these people came
up with a simple smart solution there
you click a picture it gets geotag
timestamp and through an app gets mailed
to the Public Works Department and they
know exactly where the problem is when
it happened and then they can come back
and you know solve it I was blown away
there was no revenue model there was no
health creation they were not thinking
scale they were thinking impact right so
if we
made entrepreneurs like those then what
should we do where should we go I guess
we need people who view the world
differently right I guess we need people
who are driven not necessarily by the
financial gains but they are thinking
beyond self they are conscious and they
have a larger common good in mind and to
be able to develop those abilities I
think entrepreneurs need to think about
solitude self reflection inner drive and
solitude is extremely important because
in the current world the way we are
connected our ideas and thoughts get
marinated very quickly with the popular
information flows and what’s available
out there and that’s how entrepreneurs
start thinking so we really need people
who can show the courage to go against
the tide and in the end I will just like
to propose that why can’t
entrepreneurship be a mission to fight
the world’s fight and not just be a mere business opportunity thank you
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