Breyer says that over the next decade “you will see at least half of the top 10 or 20 Internet companies come from China. China remains a phenomenal mobile Internet consumer market.” He added that the entrepreneurs in China “are a bit more mercenary” than in the U.S., discussing in their business pitches how much money they expect to make for themselves. But Breyer explained that it is part of the culture in a different way from Silicon Valley, where technological success is the primary aim, with the financial success the secondary bit.
Breyer predicts that the next Bill Gates or Steve Jobs or Jeff Bezos –“the top 1% of entrepreneurs” will still be from the U.S. Breyer only partially explained why—that it has more to do with the setting than the person, per se: “The portfolios are driven by 10x returns. Occasionally you get the 100x.” But for the 500x returns, VCs do better in the U.S. “The U.S. is the best place to go in the world for the grand slam [return].”
One challenge holding back venture-backed companies outside the U.S., said Breyer, was the ability to scale. “I wish we had a dozen Sheryl Sandbergs worldwide to help scale. She’s as rare as the great entrepreneurs,” he said, referring to Facebook’s chief operating officer.
Sheryl arrived from rival Google in 2008. Facebook’s second-in-command has helped grow its 70 million user base into over 750 million active “friends” today, representing about 11% of the world’s population. COO Sandberg also helped monetize them.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.