evolv3 disruption at a glance2 · growing and scaling is a universal similarity. considering some...
TRANSCRIPT
organised by021DISRUPT
DISRUPTION AT A GLANCE
EVOLV3VOL 3
Foreword
The lessons we learned
The conversations we had
The deals we struck
The history we made
All thanks to you
For being there offline & on
Our Sponsors
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forewordby Jehan Ara
Every year, the entrepreneurial community reconvenes.
Lessons are learned, conversations are had, deals are struck, history is made.
Entrepreneurship can be a lonely pursuit. The odds are o�en stacked against you, the finish line is never in sight, and you watch the world walk on smoothly paved paths, as you struggle to pave your own.
In 2015, a group of dreamers got together and decided to build a community, which unbeknownst to them, would one day be home to hundreds of startups. The Nest I/O, built in partnership with organisations such as Google for Startups, is an incubator and accelerator that may be based in Karachi, but creates an impact which echoes around the world.
But why stop there? In 2017, we decided to bring the entire ecosystem together under one roof, for the very first time. 021Disrupt, over the course of the last three years, has welcomed thousands of people, ranging from students to some of the biggest venture capitalists in the world, to come and experience Pakistani entrepreneurship at its finest.
Through the years and across all of our e�orts to help entrepreneurs, we have found ourselves surrounded by a community, which now feels like a family. Willing to be there in times of trouble, willing to lend a hand in times of need and willing to prove that entrepreneurship can be a lonely pursuit. But it doesn’t have to be. Not anymore.
.
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01 | FOREWORD
we learnedlearnedTHE LESSONS
05 | TALKS
THE
LESS
ON
S W
E LE
AR
NED
Isfa
ndiy
ar S
hahe
en /
Net
Equi
ty N
etw
orks
Sa
ba Z
aidi
/ G
oogl
e H
Q
Today half the world is not online, but by
following electrical grids to deploy fiber high,
speed internet access can be made affordable
for every human by 2028.
A survey conducted with 100 failed startups found
that the number one reason for failure was that
teams were busy building something cool rather
than solving for something that had a market need.
THE
LESS
ON
S W
E LE
AR
NED
Ali
Hus
ain
/ A
nalo
g D
evic
esTa
nia
Aid
rus
/ G
oogl
eInvestors are only one piece of a startup’s
stakeholder puzzle. If you focus on your
customers and treat your employees well,
ultimately your investors will be happy.
We shouldn’t be asking ourselves whether a
digital Pakistan is possible, but how soon we can
start, because the power of technology, if applied
properly, can have the ability to liﬞ people,
provinces and nations.
07 | TALKS
THE
LESS
ON
S W
E LE
AR
NED
Phi V
an N
guye
n /
Viet
nam
Ang
el N
et.
Mud
assi
r Sh
eikh
a /
Car
eem
Startup ecosystems in emerging markets are
very fragmented. Everybody’s doing
something, incubating startups, running
hackathons and holding startup competitions,
but we don’t talk to each other.
Life in our cities isn’t easy. It is full of challenges
and we’re so caught up in these day-to-day
hurdles that we never find time to see the bigger
picture, and solve bigger problems.
09 | TALKS
THE
LESS
ON
S W
E LE
AR
NED
Bea
u Se
il /
Pata
mar
Cap
ital
Usm
an R
iaz
/ M
ano
Stud
iosIn the short term, your ideas may not prove to
quick-hit business opportunities, but in the
long term they may be involved in
nation-building by unlocking economic
opportunities for more people.
So much of what we do, and what we are able to
do, is because of the internet. Connectivity allows
us to explore and be exposed to things which
may not be happening where we live.
11 | TALKS
THE
LESS
ON
S W
E LE
AR
NED
Chri
s Ro
gers
/ Lu
mia
Cap
ital
Ali
Naw
ab /
Sen
tianc
e
You’ll come across Pakistanis entrepreneurs all
over the world. In the United States and
Singapore, at conferences in London, running
companies in the Middle East. The pool of talent is
rich, diverse, and present all across the globe.
Figure out what your customers love about the
solutions and products that they use. Figure out
what they dislike about the ones that they don’t.
Figure out that one thing that maּמers to your
customers, and give it to them.
13 | TALKS
THE
LESS
ON
S W
E LE
AR
NED
Mel
issa
Sas
si /
IBM
Sam
i Kiz
ilbas
h /
Goo
gle
Imposter Syndrome isn’t limited to the you or me.
Some of the most prominent, influential people in the
world sometimes feel like imposters. But this wasn’t a
mistake, and nobody slipped in under the radar. We
are where we are because we belong there.
Within large enterprises, communication is the
key to making ideas work. Learning how to pitch,
how to handle objections and how to tweak your
message to target different audiences, are all
invaluable skills for intrapreneurs.
14 | TALKS
THE
LESS
ON
S W
E LE
AR
NED
Shan
e Sh
in /
Shor
ooq
Part
ners
Sheb
a N
ajm
i /
Lin
kdIn
Lead investors make companies investable and define
the terms of any company which is why startups need
to find an investor who can and is willing to fight for
them in front of other investors.
As technologists, we’re all humanists first. The
companies that we’re building and the problems
which we are solving for, are all centered around
human beings, they aren’t about technology.
16 | TALKS
18 | TALKS
THE
LESS
ON
S W
E LE
AR
NED
Ram
eez
Ans
ari
/ H
ighl
and
Cree
kIm
ran
Aﬞ
ab /
10
Pea
rls
Growing and scaling is a universal similarity.
Considering some of the most successful businesses
within the technology space, those companies look
nothing like they did on day one.
Growth should never be seen as a linear process
with a set series of events. The end product of
some of the most famous companies in the world,
wasn’t what the entrepreneurs originally
intended.
20 | TALKS
THE
LESS
ON
S W
E LE
AR
NED
Juna
id Iq
bal
/ Ca
reem
Pay
Kris
tin A
nder
ssen
/ O
IW
If you look around yourself, you’ll find so many
processes which are broken. But every process which
is broken, is a process that is just waiting to be fixed.
In many countries it is easier to set up a company
than it is to procure a work visa as a startup or
investor which is why governments need to take
steps in an effort to make opportunities more
accessible for foreign entrepreneurs.
Using Storytelling & Virality to Build Beּמer Marketing Campaigns
/ Muzamil Hasan
Muzamil Hasan, a veteran digital media
consultant, taught us how today’s digital
marketing industry works and told us what it
takes to reach over one billion online users.
Mindfulness for Innovators / Noorulain Masood
Noorulain Masood, Founder of be.,
demonstrated what a mindfulness practice
feels like and why entrepreneurs everywhere
should make it a part of their routines.
A Googler’s Guide to Community Building
/ Saad Hamid
Saad Hamid, Community Manager at Google,
discussed the art and science of community
building and Google’s approach towards
growing them.
22 | WORKSHOPS
24 | WORKSHOPS
Ask the Investors: An Interactive Workshop
/ Ali Samir, Kalsoom Lakhani, Khurram Zafar
& Jonas Eichhorst
Four of the biggest names in venture capital
came together to answer the burning
questions on everyone’s minds.
Empathy Playground/ Sahar & Hassaan
Sahar Habib Ghazi, a journalist, strategist,
community-builder and trainer along with
Hassaan Bin Shaheen, a writer, lawyer, performer
and trainer, gave participants a crash-course on
how to use design thinking and improv to
become more empathetic individuals and
overcome entrepreneurial challenges.
Pitch Beּמer Have my Money
/ Saba Khalid
Saba Khalid, Founder of Aurat Raaj, taught
startups how to pitch themselves and their
businesses and build compelling narratives
through their presentations.
THE CONVERSATIONS
we hadhad
THE
CON
VER
SATI
ON
WE
HA
D
28 | PANELS
Cash
to
Scal
e /
Inve
stor
Pan
el Scaling is impossible without cash, and growth is
impossible unless we scale. This panel brought
together venture capitalists from across the world to
discuss how companies can raise funds and the role
that they play in growing these companies.Kristie Neo / Thomas Tsao / Bernhard Klemen / Misbah Naqvi
Jonas Eichhorst / Meenah Tariq / Faisal A�ab
THE
CON
VER
SATI
ON
WE
HA
D
30 | PANELS
Mov
ing
Mill
ions
/ M
obili
ty P
anel
Mobility is a basic human need. This panel discussed
the recent boom within the mobility industry and by
bringing together the region’s biggest players under
one roof, aּמempted to figure out what it really takes
to get from point A to point B. Sidra Iqbal/ Gia Farooqi / Mostafa Kandil
Muneeb Mayr / Zeeshan Baig / Usman Gul
THE
CON
VER
SATI
ON
WE
HA
D
32 | PANELS
Prom
otin
g Pa
kist
an o
n th
e G
loba
l Sta
ge /
So�
Pow
er P
anel
Sometimes when people speak, the world listens, and
with digital media always at our fingertips, it’s easy to be
under the influence. This panel brought some of the
country’s most familiar faces together to discuss how
influence can be used to make a positive impact. Shehryar Taseer / Wasim Akram / Shaniera Akram
Hina Bayat / Aamina Sheikh / Shehzad Roy
THE
CON
VER
SATI
ON
WE
HA
D
34 | PANELS
Ban
king
on
Fint
ech
/ Fi
ntec
h Pa
nel
With the steady growth of Fintech solutions in the market,
many are leﬞ questioning whether Fintech and banks are
competitors or partners. For this panel, we brought
together representatives from both to discuss the growing
opportunities that exist within this sector.Abrar Mir / Owais Zaidi / Naureen Hyat
Halima Iqbal / Javaid Iqbal
THE DEALS
we struckstruck
striking up conversations with all the right people
pu�ing your product out there
Aﬞer siﬞing through hundreds of
applications we matched some of
Pakistan’s most promising startups
with the biggest names in venture
capital from all over the world.
38 | OFFICE HOURS
THE
DEA
LS W
E ST
RU
CK
200+ O�ce Hours23 Investors
SOSV
Navin Danapal
Shorooq Partners
Shane Shin
Patamar Capital
Beau Seil
Informa Ventures
Tahir Mansoori, Atikah Mansoor, Sadia Shahid
Habib Bank Limited
Hamza Farooqui,Ghulam Habibuddin Khan
Tharros
Jonas Eichhorst
10 Pearls
Zeeshan A�ab, Imran A�ab
MEVP
Syed Farhan Zaidi
i2i Ventures
Kalsoom Lakhani, Misbah Naqvi, Asad Jafri
Careem
Rayan Dawud
Lumia Capital
Chris Rogers
Disrupt Ventures Pakistan
Abdul Rafay Gadit
Magnus Communications
Ashraf Kalim Ahmed
Lakson Investments
Faisal A�ab, Usman Mirza &Omar Pervez Khan
TPL e-Ventures
Ali Samir, Taimour Ali khan & Sabiha Sultan
Elahi Group of Companies
Danish Elahi
Virtual Force Inc
Jamil Goheer
Sarmayacar
Rabeel Warraich, Bernhard Klemens & Salman Cha�ha
Oman Tech Fund
Charlie Ill
Karavan
Meenah Tariq
Fatima Gobi Ventures
Ali Mukhtar, Tom G Tsao, Taraec Hussein, Jamal
40 | OFFICE HOURS
With a little help from the biggest names in venture capital
THE HISTORY
we mademade
Airli� secured a $12M Series A funding round to build a decentralized global mass transit system.
Swvl announced that it would invest $25 million in Pakistan in the next two years with plans of mobilizing half a million Pakistanis by 2023 and creating 10,000 jobs a year.
HBL announced an Investment Fund for FinTech Startups set to launch in January 2020 and the initiation of their Open Banking initiative.
VCAP (The Venture Capital Association of Pakistan) was launched by Rabeel Warraich of Sarmayacar, in an e�ort to facilitate the startup ecosystem of Pakistan..
44 | ANNOUNCEMENTS AT O21DISRUPT
TelloTalk Pakistan’s first messenger app, closed a $1.2 million Seed funding round with Spark Labs & various other global investors.
PriceOye closed a seed funding round of $450,000 led by Fatima Ventures, Artistic Ventures, and Kinetico.
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Indus ValleyCapitallaunched by Aatif Awan, brought aּמention to the potential of Pakistani startups to be the next big thing in the world of entrepreneurship.
Find My Adventure
announced its acquisition of K-Town Rooms and the launch
of 100 FMA Rooms with
a�ordable rents across Pakistan.
OTFOman Technology Fund
announced its next Seed funding round of $100,000 in
Ed-Tech startup Queno.
It was an excellent networking opportunity between local and international techpreneurs, innovators and venture capitalists, all under one roof and with the sole purpose of transforming Pakistan's technological ecosystem.
46 | ANNOUNCEMENTS AT O21DISRUPT
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all thanks to you
Each year we put out a call, and the ecosystem answers.
This year we welcomed more people than ever before, showing us that entrepreneurship in this country has come a long way and isn’t stopping any time soon.
48 | STATS
from various backgrounds and age groups
from a diverse range of verticals
from today’s largest organisations
from all across the globe
50 | SOCIAL MEDIA
for being thereo�ine & on
Social media was abuzz not only during the conference but also during the month leading up to it.
There was immense online engagement with startup founders, professionals and influencers from our ecosystem and beyond with numerous discussions being initiated on the potential of Pakistani startups.
76 Million+Total Digital Reach
10,000+ Tweets#021Disrupt19
One takeaway from #021Disrupt19 was the term 'wapistani' for the diaspora that invests in it's country of origin. @usmanriaz1990 validates it by quoting ' bloom where you were planted' .. that is why he is investing in his home country . @TheNestiO @jehan_ara
Super impressed with @ShehzadRoy and the work he’s doing. Result oriented, impactful work that could really create the awareness this country needs. So many celebrities use their platform but don’t actually do anything with it! #021Disrupt19
Hearing @MudassirSheikha's talk is reminding me of all that was said: 1) Understanding that the opportunity is meaningful and needed within the society.2) Involving users and the entire community within the product for it to properly progress.3) Have Grit.#021Disrupt19
-- Top Trend in Pakistan
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Each year, 021Disrupt aims to provide an immersive experience to the Pakistani startup community with an opportunity to engage, partner, co-create, and invest in the future of technology and innovation.
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54 | SPONSORS
And with everyone from banks to multinational companies interested in the future of
entrepreneurship, there’s no telling how bright that future is bound to be.
021Disrupt had a massive success of discussions and dialogue on improving the entrepreneurship scenario and developing the startup ecosystem of the country.
Make a move, get in touch,
We’ve set the bar pre�y high,
but we’re ready to take it up a notch.
Jehan AraFounder, The Nest I/O Email: [email protected]
Akash ShaikhHead of Strategy & PartnershipsEmail: [email protected]
Sabika Abbas Community and Outreach ManagerEmail: [email protected]
Munib PuriMonitoring and Evaluation Manager Email: [email protected]
The conference was not only an opportunity to exchange innovative ideas and insights, but also provided investment and partnership opportunities.
©The Nest I/O 2019. All rights reserved
For complete videos of all the talks and panels held at 021Disrupt '19, visit h�ps://bit.ly/2Qps40b