“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 the national GDPs of Switzerland, Singapore, South Africa, Israel, and Chile. It’s enough value to take the U.S. stimulus in 2020… and nearly double it.
Investment in private companies has been and continues to be, limited to the top 1% wealthiest individuals in the world. The deliberate exclusion of 99% of the world’s population from generation-defining innovation is not built to last – yet it has.
Only by shining light on today’s divisions can we overcome them.”
I got this from a preview email from The D/XYZ Unicorn Report.
Having read this, it fortified 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 the news sites and the niche 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 have already started to shape a different kind of future. What makes them unique and best placed to get it done, is that they attention to different kinds of entrepreneurs, who are in different countries and communities. They pay attention to businesses in overlooked and misunderstood lucrative niches because they are on the ground and have more varied relationships and data that the usual suspects do not.
2023 is going to be really festive.
Watch for it.