Tim Draper, Founder and Managing Director of the leading venture capital firm, Draper, Fisher, Jurvetson, made a return visit to the podcast to share some information about the very first Global Business Plan Competition as well as his insights about the state of entrepreneurship in the world today.
"The Global Final will be held on Tuesday, June 30, 2009.
The winner will be announced on the day of the competition and will receive a minimum of $250,000 seed money. The winner will also receive professional feedback and mentorship from both DFJ and Cisco.
Our review process considered the management team, technical innovation, addressable market size, competitive positioning, barriers, capital efficiency, and financial projections. We had a difficult time selecting the top finalists.
The 16 finalists come from 6 different countries in locations as diverse as Brazil, Russia, India, China, Israel, and all across the USA. Technology and entrepreneurship have no borders; talented entrepreneurs are everywhere solving some of the world's biggest problems and improving the way we do things. From designing improved drip irrigation systems in India, providing online entertainment for China, to creating efficient and affordable web-scale computing - these are all amazing entrepreneurs making a difference. And, they're doing this during a time of uncertainty and fear of a global recession. We know that some of the greatest companies have been founded during recessions. History has proven it. Innovation doesn't stop for recessions. We expect these entrepreneurs to be the founders of the next generation of game changers.
DFJ and Cisco intends to follow these 16 Finalists as they continue to grow. Check back on the DFJ website in the future to see how these teams make their impact on the world."
BIO: Roger Green—Seasoned Practitioner, Tech Visionary and Trusted Advisor in Business Strategy, Information Technology and New Media.
Roger a former CIO, CTO and COO, started podcasting in 2005 with “The Cullinane & Green Report”—the first podcast focusing on the intersection of business development and technology. Roger splits his time between San Diego and Philadelphia, enjoys photography and hiking, and holds a couple of patents in data warehousing. Although continuously connected to technology Roger claims he could log-off anytime he wants.