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FinTech & the Financing of Entrepreneurs
3 Predictions for
Erik P.M. Vermeulen
1980 1990 2000 2010 2020 2025
PC InternetSocial Media Platforms
Artificial Intelligence Blockchain
IoTRobotics
Quantum Computing
The Exponential Growth of Technology
InvestorsRegulators Entrepreneurs/ Companies
Who Wants to Know?
Degr
ee of
diffu
sion o
f the
tech
nolo
gica
l rev
olut
ion
TimeBig Bang
Previous Great Surge
Crash Institutional Recomposition
Next Big Bang
Next Great SurgeIrruption
Frenzy
Synergy
Majority
Installation Phase Deployment PhaseTurning Point
The “Carlota Perez” Model
Option I - The “Golden Age” of FinTech
Chris Dixon
“Each revolution begins with a financial bubble that propels the (irrationally) rapid installation of the new technology. Then
there’s a crash, followed by a recovery and then a long period of productive growth as
the new technology is “deployed” throughout other industries as well as
society more broadly.”
Option II - The FinTech “Bubble”
We live in an age of multiple, overlapping technological revolutions
We live in an age of multiple, overlapping technological revolutions
Understanding the “tech” revolution is “impossible”
0
25
50
75
100
2013 2014 2015 2016 2017 (YTD)
“Crowdfunding Stories” (number & evolution)
What is crowdfunding?
Guidelines
Experience
Campaigns
Equity Crowdfunding ?
Prediction I: Consumers in “driver’s seat!
Connectivity
Choice
Convenience
Consumers are willing to give up “a lot” for “tech convenience”
Prediction II: The future will be one of platforms & ecosystems
Future Bank“Platform Owner”
Integrated Companies
Connected Companies
ride-sharing delivery services
payment
AcquisitionsInvestors
Investments
Partnerships
Prediction III: Gov 2.0 - It’s all about the platform
Tim O’Reilly
1980 1990 2000 2010 2020 2025
PC InternetSocial Media Platforms
Artificial Intelligence Blockchain
IoTRobotics
Quantum Computing
Regulatory Systems (usually facts-based)
The Need for “Regulatory Co-Creation”
Traditional WorldUncertain “Digital” World
Past ExperiencePlatformCo-creation
Collaboration
Using “touch points” / sensors
=
Solution Solution
Regulatory SandboxesAustralia
Brunei
Hong KongIndonesiaMalaysia
NetherlandsSingapore
SwitzerlandThailand
United Kingdom
Regulatory
Sandbox
Canada
Abu Dhabi
Bahrain
Mauritius
-150
-100
-50
0
50
100
150
200
2014 2015 2016
India
GermanySingapore
SwitzerlandUnited Kingdom
Netherlands
United States
Hong Kong
Ireland
China
Russia
%
Israel
YoY %-Growth of “First-time” VC-Backed Fintech Companies
Slowdown in Fintech?
Increasing investment
activity?
-150
-100
-50
0
50
100
150
200
2014 2015 2016
%
“Experimental” Co-creation
“No Action”
YoY %-Growth of “First-time” VC-Backed Fintech Companies
In the digital age, the only real choice is whether to participate in the project of co-creating the future
or not!
