Despite the world's elation at the Arab Spring, shockingly
little has changed politically in the Middle East; even frontliners
Egypt and Tunisia continue to suffer repression, fixed elections,
and bombings, while Syria descends into civil war. But in the midst
of it all, a quieter revolution has begun to emerge, one that might
ultimately do more to change the face of the region:
entrepreneurship. As a seasoned angel investor in emerging markets,
Christopher Schroeder was curious but skeptical about the future of
investing in the Arab world. Traveling to Dubai, Cairo, Amman,
Beirut, Istanbul, and even Damascus, he saw thousands of talented,
successful, and intrepid entrepreneurs, all willing to face
cultural, legal, and societal impediments inherent to their worlds.
Equally important, he saw major private equity firms, venture
capitalists, and tech companies like Google, Intel, Cisco, Yahoo,
and LivingSocial making significant bets, despite the uncertainty
in the region. Here, he marries his own observations with the
predictions of these tech giants to offer a surprising and timely
look at the second stealth revolution in the Middle East--one that
promises to reinvent it as a center of innovation and progress.
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