41 on Point Quotes About Entrepreneurship from RiseUp Summit 2016
The Middle East’s most sizzling event drew thousands of tech experts and entrepreneurs once more, who gathered at The GrEEK Campus for a marathon three-day event where networking, innovation, and viral energy took centre stage. Here are the 41 most powerful quotes we won’t forget.
As the Middle East and Africa’s biggest entrepreneurship event closed a three-day marathon of debates, workshops, and networking at Cairo’s GrEEK Campus and the AUC last weekend, the trailblazing event left behind a steel of powerful thoughts on tech, the economy, and radical change.
The summit touched on thrilling discussions about what’s to come, such as the future of mobility, artificial intelligence, and innovative clean tech, while also triggering debate on key challenges facing entrepreneurs in the Middle East and Africa, such as governmental policy, the role of media, and the impact of fluctuating exchange rates.
From international tech stars such as Matt Hackett – whose startup Beme was just acquired by CNN, Disney’s former social media guru Will Hutson, and University of London’s creative economy expert Sian Prime, to Egypt’s most celebrated entrepreneurs and investors, the event’s speakers infused Egypt’s tech valley with their relentless spirit, matchless insights, and visionary thoughts. From provoking, to inspiring, to downright mindblowing, these are the 41 most powerful quotes the summit left.
RiseUp's co-founder Con O'Donnell takes the stage.
1. "First and foremost, we expect founders to have grit. We have found that grit is the number one quality in determining the success of a CEO or business owner. They must hit the ground running and pull themselves up by their bootstraps each and every day." -Sharif Bawadi, 500 Startups
2. "Every time your organisation tells you you're crazy and asking for the impossible, you're doing the right thing." – Ayman Ismail, Director at AUC Venture Lab
3. "Stop complaining about investors and make yourself an investable company." - Konrad Waliszewski, travel blogger, investor, and founder of GoKorad
4. "Entrepreneurship is more like gaming than you might think. Entrepreneurs are the small minority who want to become unicorns - and just like true gamers, they play to win, not to waste time." - Khaled Ismail, Managing Partner at Algebra Ventures
5. "We need to find a different way to write about women in business. The glass glues back after one woman breaks it." – Elizabeth Mc Bride, journalist at Forbes
6. "It sounds cliché, but it's all about people, people, people. We do this thing called the beer test when we hire people. You don't necessarily have to want to be best friends with your colleagues or want to go on holiday with them, but you should want to have a beer with them." - Leandro Sanchez, Mediasur Holding.
7. "Every time you fail, tell as many people as possible; this is what'll drive feedback." - Tarek Ghobar, 1776 Dubai Startup Manager
8. "There are one billion cars on the planet today. The issue is not so much about cars - it's about how we use those cars. And we use those cars individually. This comes at a very high public cost; in Cairo, four percent of the GDP is wasted because of congestion. So we realised the opportunity that was on our [Uber's] hands." - Pierre-Dimitri Gore-Coty, Head of Operations for Uber Europe, Middle East and Africa
9. "If you're not dependent on the power grid, then you're not dependent on the government, and that's power." - Ahmed Zahran, CEO & Co-Founder at KarmSolar
University of London Professor Sian Prima speaks on the Creative Economy at AUC.
10. "My biggest mistake was going into business with someone I had an emotional connection to." - Alex Ropes, UK's Basement Approved Community Manager
11. "When you find your passion, be prepared to lose everything and everyone." - Dan Taylor, Photographer
12. "Find something that is a point of pain for people and try to fix it." - Tino Waked, Operations Manager at Uber
13. "One thing we need to leave behind is dreamy quotes. Let's be realistic. It's hard, but doable." - Omar Gabr, CEO at Instabug
14. "In the bottom-up approach, everyone is and can be part of the solution." - Ahmed Galal, Nawaya Egypt
15. "Do not get emotionally attached to your ideas; they're not static." - Sherif El-Helw Arqaam Capital
16. "The journey is so much more than the outcome. The journey is much more rewarding. When you sleep soundly at night, it's because of everyone you've impacted along the way - that's what entrepreneurship is all about." - Will Huston, Team LMTD
17. "My biggest mistake would have been not sufficiently planning for things. That will always result in a big mess at the end." - Dina El Mofty, Founder of Injaz Egypt
18. "The first thing I need to tell you is there's something that will always be out of your control. And that is time. Time with the market, not necessarily time with you. Which is why you must scan your market and decide if it is the right time or not. You must ask yourself: Is the market ready for you? Is it your time to succeed?" – Ayman Ismail, DMG and Endeavor Scales
The American University of Cairo's garden stage was one of the most vibrant spots where the summit took place.
19. "The human element is very important. When selecting investors, look beyond the money and consider the terms and the people. You have to really like the investor and they have to like you. You must have a team that really believes in what you do, otherwise you're wasting your time." - Ameer Sherif, Wuzzuf
20. "One tomato is more important than a thousand iPhones." - Helmy Abouleish, Sekem
21. "The problem is not the government, it's the idiots running the government!" – Ahmed Zahran, Founder of Karm Solar
22. "It's collaboration that is the basis of human interaction. Not competition. It's not all about battle and survival of the fittest." -Dr. Claudia Gross, Organisational Transformation Catalyst
23. "I don't like being introduced as the owner of the company. I didn't do anything to earn that. But when I say I'm the Managing Director of La Poire, that is a title I earned; one I worked for day and night for the past 15 years. It means something." - Shahira Diab, Managing Director of La Poire
24. "Fintech is here to stay despite the fact the banks hate us." – Ezzedin Ahmed, General Manager of Dopay
Matt Hacket, whose startup Beme was recently acquired by CNN, discusses the future of media at the Greek Campus.
25. "Many people here may not come from a space or science background, but it's not too late. I'm somebody who doesn't come from a science background so my journey with space can be the journey of anyone here." – Omar Samra, Founder of Wild Guanabana
26. "Investors spend as much time trying to understand each other as they do trying to understand entrepreneurs." - Alvaro Abella, BECO Capital
27. "My biggest mistake was that I hired really talented people who weren't passionate. And they're great people, but I didn't hire people that were passionate that I could help become more talented." - Will Hutson, CEO & Founder of Team LMTD
28. "Creativity needs to be understood as a literacy alongside technology. It is neglected in schools." – Dr. Tom Fleming, Creative Economy and Cultural Economy Expert
29. "We need a paradigm shift. You need to understand that you can do good and make profit." – Ahmed Abbas, Founder & CEO at Sun City Energy
Egypt's entrepreneur star Omar Samra gathered masses at The GrEEK Campus to talk about going to space.
30. "Each brand should be portrayed as a person to come through to the user."– Amira Azzouz, Founder of Fustany
31. "There was a quote circling around Facebook recently that said the second most important job of a CEO is selecting the talent that joins their company. But how do you attract the right candidates? You must ask yourself how you are using people to build the brand in the market and how much time you devote to that. If you don't know your pitch and what is special about you, you won't attract the right kind of people." – Rasha El Gohary, Inertia Egypt
32. "Support collaborative behaviour, don't support selfishness. In the long run, it is destroying your company." – Claudia Gross, Organisational Transformation Catalyst
33. “It's beyond selling your product. It's what's behind it. Apple doesn't sell computers; it sells thinking differently.” – Ayman Ismail, Director of AUC V-Labs
Pierre-Dimitri Gore-Coty, Uber's Head of Operations for Europe, Middle East and Africa, talked about the future of mobility.
34. "Blockchains increase security by encrypting digital currency in a way that banks can't." - Ashraf Abdelwahab, CTO of Microsoft Egypt
35. "We have to reconcile that great ideas cost a lot of money." – Sian Prime, Creative Economy expert at Goldsmiths, University of London
36. "People think the bigger you get, the easier it gets, and that's the exact opposite of the truth." – Amina Ghali, from Azza Fahmy
37. "It's very important in terms of company culture that, as a leader, you lead by example. Don't think you're above a certain job. When we were starting out and had issues with deliveries, I'd go and deliver the stuff in my own car. And since then, every Elf steps up to any task." – Abeer El Sisi, Founder of Elves
38. "The more you build on top of a mistake, the more difficult it is to fix it." - Khaled Ismail, Algebra Ventures
39. "Many entrepreneurs don't have an understanding of finance and that's a big issue." - Mohamed Azab, Seha Capital
40. "Egypt has one of the worst rates of women participating in the economy. That needs to change.” - John Casson, British Ambassador in Egypt
41. "In 10 years, 40% of future 500 companies will no longer exist because they're not adapting." -Amir Souhrabi, SAP
Photos by @MO4Network's #MO4Productions
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