Sharif El Badawi Partner, 500 Startups
On Tuesday, February 9th,2016, we aired our first TechWadi online webinar series featuring our Head Mentor and Partner Lead, VCs and Startups at Google, Sharif El Badawi. Sharif covered the current state of the Middle East’s entreprenerial ecosystem through his platform MENAscapes.com, a one stop for all information related to startups, investors, and main ecosystems players in the MENA region. Sharif also discussed MENA tech trends and their implications on the entrepreneurial ecosystem, as well as what’s exciting investors in Silicon Valley about the region.
The webinar was hosted at 7 partner locations in the Middle East, where viewers gathered to directly ask their questions and discuss the presentation with fellow entrepreneurs.
- Despite the increasing number of exits coming out of MENA, exits areconsidered a key component of a true startup and venture capital ecosystem.
- There region witnessed 36 startup exists in the last 10 years, 22 of them were in the last 12 months alone.
- MENA boasts over $1B in available venture capital as of 2015. Over 12 funds have announced $50M+ funds just last year.