Monday, December 20, 2010

Le petit IBM est ne

When you're able to raise enough capital to complete an 18-company rollup in IT Services in Europe and MENA, the local Economist paper jumps ahead and names you the "Little IBM". I found this cute and encouraging. It quickly became a crystallizing image for us in our Technology sector.

Mostly, the consolidation of these 18 SMEs was tough, brutal and complex. I thoroughly enjoyed the challenges, the people, and the incredible pressure from our investors; it is surely a homerun that even Barry Bonds would be proud of.

Until the next one...maybe from this upcoming new crop :)

Rachid Sefrioui Finaventures BDC L Economiste Le Petit IBM .pdf

Rachid Sefrioui: Mister High Tech

L'Observateur Magazine profiles the need for more Silicon Valley trained executives and entrepreneurs to launch technology ventures back in their region, notably in the MENA region, in order for the local IT sector to get a jolt in its set ways.
The article describes local IT managers set in their ways, sedentary in their views and not doing enough to spur job creation and innovation, especially in a growth-driven sector like Technology.
In countries where 75% of the population is under 30 years-old, it is astounding to see how little local IT leaders are doing to create jobs by innovating and providing seed capital for young entrepreneurs

Rachid Sefrioui Finaventures BDC Lobservateur_18-12-09.pdf