“It’s just fun… It’s fun to be around such passion entrepreneurs who want to [pursue] change… meeting and talking to people, startups, venture capitalists, family offices, investors…”
~Shane Shin on the Step Conference
Show Takeaways:
On how the MENA startup ecosystem has evolved over the last few years…
It’s not only top-down innovation with governments incentivizing startups, but we are also seeing more private capital flowing into the startup ecosystem and talent leaving good jobs to explore startup careers.
On where the MENA startup ecosystem is heading next…
We have seen talent leaving good consulting, banking or government jobs, but not always technical founders, so there is a need for more schooling and attractive incentives to pull specifically technical talent and technical founders into the ecosystem.
On challenges that companies might face when scaling up…
We see a Funding Gap at Series B level or at Seed Level, thus there is a need for more funding at those stages in this ecosystem.
Additionally we need to make it easier for technology startups to scale up across region from a regulatory perspective.
On the Step Conference…
We have a chance to see everything in action at the event, the vibe and the energy of the event is so inspiring. It’s an opportunity for people on the fence to learn more and get involved with the startup ecosystem.
Check out more episodes from the 2018 Step Conference Series and learn more about Shorooq Investments.
