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COULD THE NEXT GOOGLE
COME FROM LATIN AMERICA?
NO FU****G WAY!
           -they say
WHY NOT?
WHAT MADE GOOGLE POSSIBLE?
The Ecosystem - This is the official story
Two Guys and a Computer (or not even)
       This is what lies at the core




Google                        Yahoo!




Facebook                 Twitter wireframe
What Did it Take to Build Google?

 Food                                                   $1,000


 A roof over Sergey and Larrys head                    $1,500



Access to the Univ. computers and Internet connection   $0



The PageRank Algorithm                                  PRICELESS!
PageRank Algorithm = A Better Idea

   PR(A) = (1-d) + d (PR(T1)/C(T1) + ... +
   PR(Tn)/C(Tn))
   where,

   PR(A) is the PageRank of page A,

   PR(Ti) is the PageRank of pages Ti which link to page A,

   C(Ti) is the number of outbound links on page Ti and

   d is a damping factor which can be set between 0 and 1.
BTW, its not really priceless...



                                            $180B
Market Cap
There is no Structural Reason Why Those Two Guys With a
          Computer Cannot Come From LatAm




                      Software                       Aerospace
                 (little capital requirement to   (high capital requirement to
                          acquire skills)                 acquire skills)



    Skills

                       Farming                           Mining


               Capital
        Examples of Industries by Capital and Skilled Labor Requirements
Music is a Good Example of an Industry with High Skill
        Requirements that are Cheap to Acquire




    Shakira,Shakira                             He didnt even
                                                had to translate
                                                   his songs

    Examples of LatAm skills developed locally and distributed globally
SO WHY DONT WE JUST DO IT?
TOP 6 LAME EXCUSES
Excuse #1

Latin America has a small
     internal market
Software Does Not Require Domestic Demand




     Develop Locally for a Global Market
   (distribution channels are global: Google, Facebook, Twitter...)
Excuse #2

I need mentorship! I dont know
     how to start a company
Information is Accessible and Abundant




    Read Up and Connect Online




          VentureHacks         Hacker News
Excuse #3

Government makes it difficult to
        do business
Build Something People Want, Then Worry About Legal
                  Mambo Jambo
Excuse #4

The are no local Venture Capital
  firms to finance my project
Capital is Mobile - Give it a Reason to Move




If You Build It - and it rocks- , They Will Come


private equity investments in computer software in Brazil totaled
                      $342 million in 2009
Excuse #5

I am a runaway success,my traffic
 is booming but I dont have the
   money to pay for the servers
Learn to Differentiate Between a Good Problem and a Bad
                         Problem




    Good Problem                      Bad Problem
Excuse #6

I am a minority. From where I
   am, no one wants to join a
          startup :(
Find the Best of Breed. Work Distributed. Work Remotely




                                 Tools to work
  Commuting sucks
                                  distributed




   Distributed teams              LatAm common
          work                 language makes it easy
                               to work across borders
THANK YOU!




NOW GO BUILD A COOL PRODUCT!

         @jgheller (twitter)

More Related Content

COULD THE NEXT GOOGLE COME FROM LATIN AMERICA?

  • 1. COULD THE NEXT GOOGLE COME FROM LATIN AMERICA?
  • 2. NO FU****G WAY! -they say
  • 4. WHAT MADE GOOGLE POSSIBLE?
  • 5. The Ecosystem - This is the official story
  • 6. Two Guys and a Computer (or not even) This is what lies at the core Google Yahoo! Facebook Twitter wireframe
  • 7. What Did it Take to Build Google? Food $1,000 A roof over Sergey and Larrys head $1,500 Access to the Univ. computers and Internet connection $0 The PageRank Algorithm PRICELESS!
  • 8. PageRank Algorithm = A Better Idea PR(A) = (1-d) + d (PR(T1)/C(T1) + ... + PR(Tn)/C(Tn)) where, PR(A) is the PageRank of page A, PR(Ti) is the PageRank of pages Ti which link to page A, C(Ti) is the number of outbound links on page Ti and d is a damping factor which can be set between 0 and 1.
  • 9. BTW, its not really priceless... $180B Market Cap
  • 10. There is no Structural Reason Why Those Two Guys With a Computer Cannot Come From LatAm Software Aerospace (little capital requirement to (high capital requirement to acquire skills) acquire skills) Skills Farming Mining Capital Examples of Industries by Capital and Skilled Labor Requirements
  • 11. Music is a Good Example of an Industry with High Skill Requirements that are Cheap to Acquire Shakira,Shakira He didnt even had to translate his songs Examples of LatAm skills developed locally and distributed globally
  • 12. SO WHY DONT WE JUST DO IT?
  • 13. TOP 6 LAME EXCUSES
  • 14. Excuse #1 Latin America has a small internal market
  • 15. Software Does Not Require Domestic Demand Develop Locally for a Global Market (distribution channels are global: Google, Facebook, Twitter...)
  • 16. Excuse #2 I need mentorship! I dont know how to start a company
  • 17. Information is Accessible and Abundant Read Up and Connect Online VentureHacks Hacker News
  • 18. Excuse #3 Government makes it difficult to do business
  • 19. Build Something People Want, Then Worry About Legal Mambo Jambo
  • 20. Excuse #4 The are no local Venture Capital firms to finance my project
  • 21. Capital is Mobile - Give it a Reason to Move If You Build It - and it rocks- , They Will Come private equity investments in computer software in Brazil totaled $342 million in 2009
  • 22. Excuse #5 I am a runaway success,my traffic is booming but I dont have the money to pay for the servers
  • 23. Learn to Differentiate Between a Good Problem and a Bad Problem Good Problem Bad Problem
  • 24. Excuse #6 I am a minority. From where I am, no one wants to join a startup :(
  • 25. Find the Best of Breed. Work Distributed. Work Remotely Tools to work Commuting sucks distributed Distributed teams LatAm common work language makes it easy to work across borders
  • 26. THANK YOU! NOW GO BUILD A COOL PRODUCT! @jgheller (twitter)