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Opportunity Discovery. From a Turkey - focused Venture Capitalist’s Perspective. Zeus. Opportunity Discovery Value. USD 8.32. USD 2.45. Why Turkey ? The last decade. Economy transformed quite dramatically B anking and public sectors reformed S ingle-party government
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OpportunityDiscovery From a Turkey-focused VentureCapitalist’sPerspective
Opportunity DiscoveryValue USD 8.32 USD 2.45
WhyTurkey?Thelastdecade • Economy transformed quite dramatically • Banking and public sectorsreformed • Single-party government • Fiscal discipline • Global liquidity and high risk appetitetowards EM • Foreign direct investment USD10.9bn in 1st nine months of 2011; USD1.8 bn more than in entire 2010
e-commerce market growing 2011E USD 13Bn 2010 USD 8.2Bn +50% YoY Source: The Interbank Card Center (BKM)
13th largestonlinemarket Source: comScore World Metrix, August 2011
3rd most engaged audience in Europe Source: comScore World Metrix, August 2011
Use of socialnetworks… Source: comScore World Metrix, August 2011
…and online media 12 Months ago Turkey was in 6thposition!!! Source: comScore World Metrix, August 2011
100Mostinnovativecompanies in 2011 Source: Thomson Reuters, November2011
“Bridgingthegapbetween an idea anditsbeneficialresultis thecrucial step in innovation… Successwilldemand a greaterabilitytoquicklyclosethegap.” Soumitra Dutta – Innovating at the Top
Geography Culture HDI Government Funding …
Only 28% of Turks believe they can influence thecourse oftheir lives • The lowest percentage of respondents in 30 countries considered in the study. • United States80% • Japan 60% Study on internationalcomparison of religiousinfluences on culturalattitudes byErsinKalaycioglu and Ali Carkoglu, Sabanci University, 2009
Geography Culture HDI Government Funding …
HumanDevelopmentIndex Source: UNDP - Measuringhealth, education, income, equality, poverty, gender, sustainabilityrelatedindicatos
Geography Culture HDI Government Funding