“The market for unicorn businesses is now an asset class unto itself, a $3.37T powder keg: larger than the combined value of the US defense budget, North American professional sports and GDP national of Switzerland, Singapore, South Africa, Israel, and Chile. It’s enough value to get the US stimulus in 2020… and nearly double it.
Investments in private companies have been and continue to be limited to the 1% of the world’s wealthiest individuals. The deliberate exclusion of 99% of the world’s population from generation-defining innovation is not built to last – yet it is.
Only by illuminating today’s divisions can we overcome them.”
I got this from a prior email from the D/XYZ Unicorn Report.
After reading this, it strengthened my view of who will shape the future of the Caribbean and Global Business and how.
I believe, and we’re already seeing clear evidence of it on news sites and business email newsletters…that micro VC funds, entrepreneur-led accelerators and angel syndicates are changing the game – and more are needed, especially in the Caribbean.
These micro VC funds, entrepreneur-led accelerators and angel syndicates are already starting to shape a different kind of future. What makes them unique and best placed to do this is that they pay attention to different types of entrepreneurs who are in different countries and communities. They pay attention to businesses in overlooked and misunderstood profitable places because they are on the ground and have more diverse relationships and data that the usual suspects do not.
2023 will be truly festive.
Take care of him.
