Entrepreneurship articles

Outside of the Silicon Valley bubble

Outside of the Silicon Valley bubble

In the sweltering July heat, entrepreneurs from around the world were in Beirut pitching to join the Endeavor network. Founded in 1997 as a non-profit support network for entrepreneurs (focused on Argentina and Chile), Endeavor is now assisting founders of young companies in 27 countries around the world (including Lebanon since 2011). In 2012, the

Unicorns with humps

When venture capitalist Aileen Lee first employed the term “unicorn” to refer to startups valued at or above $1 billion, she intended to stress just how uncommon a creature she was describing. In a November 2013 post that spawned a Forbes list, Lee identified and analyzed 39 “US-based tech companies started since January 2003 and

Bolstering Lebanon’s game development

With a touch of the screen, fat bunny bounces his way up the vibrantly colored mountain terrain, munching on the occasional carrot. Press too long or too little, however, and splat goes bunny into the mountainside – game over. Like many mobile games, Fat Bunny’s concept is simple, yet its gameplay addictive. It was launched

Securing the entrepreneurship ecosystem

It’s 3 a.m. Despite your family’s “no Internet after dinner” rule, your smart, web-connected refrigerator is rebelling, repeatedly attempting to load the same site. The mustard is not trying to catch up on the news, your ice box has become a zombie in a hacker’s army – a botnet, in industry lingo. While the so-called

Start me up

EXECUTIVE interviewed French Ambassador Emmanuel Bonne via email about French contributions to Lebanon’s entrepreneurship ecosystem as well as his country’s assistance to Lebanon. E   In terms of the economic relationship between the two countries, we’ve heard the French government will be helping to fund and build Smart ESA (École supérieure des affaires). What added

Is Lebanon’s startup ecosystem sustainable?

When I was first introduced to Beirut’s start-up ecosystem in 2011, AltCity was refurbishing its first space, the Seeqnce experiment had just launched, MEVP was one of the few venture capital (VC) firms investing in Lebanon, Endeavor was just opening, and Wamda and ArabNet were nascent. Fast-forward to 2016 and Beirut is a different city

United foods of Lebanon

On a typical Saturday morning at Souk El Tayeb’s farmers’ market, Umm Ali, a woman from a village in south Lebanon, sells her now famous saj sandwiches next to Raed, a farmer from north Lebanon who sells fruits and vegetables grown on his land. Meanwhile, at Tawlet in Mar Mikhael, a restaurant that employs female

The legal building blocks of the ecosystem

Lebanon is an awful place to start an innovative, new business venture – from a legal perspective, at least. There are a few general rules that apply to startup companies: 1) Around 90 percent are expected to fail; 2) Founders typically have no cash, investing all they have (and all they can raise) into the

Into a new dimension

A new layer in the entrepreneurship ecosystem is taking shape through the increasing institutional presence of academic bodies, including both top-tier and less prominent universities in Lebanon. Universities have been linked locally to entrepreneurship in the past, but this link was often feeble and limited to teaching a few courses or having an occasional conference.

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