Innovation Festival - Fundraising Experience pt 4
summary
Argues that venture capital follows entrepreneurs, so the missing pieces are trained founders and trained VCs, not money — Hungary’s Jeremie program floods capital but exposes lack of management skills; Gulf states create accelerators and a $7 billion Kuwait fund while 95% of Kuwaitis work for government and 70% of regional populations are under 34, so political incentives may resist true independence. Offers concrete remedies: mentor networks, accelerators, legal limits on personal recourse, and accepts roughly one-in-ten startups succeed.
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