Globalization first meant less developed countries opening up borders for the multinationals of the more developed countries. The emerging countries have not been more than open markets for the developed countries. However, as the reach of technology and knowledge became affordable by the poor, innovation has been happening more and more in those countries that have been only once markets-to-sell. Now, there is an opportunity for those of us that are from the less developed parts of the world - or should I say 'emerging'- to create, produce and sell to the more developed parts of the world.
This evolution of the markets was inevitable and I am very happy to see that it is happening in many parts of the world and creating an opportunity for the ones that have a passion to create, innovate and/or produce.
After living and working in the US for many years and asking myself how to create an environment in my home that is is rewarding to innovate and to produce, I have come back to my home town in Istanbul with an enthusiastic project that is based on this very opportunity.
I am starting a new fund in Turkey. I have callled it "Golden Horn Ventures (GHV)". GHV focuses on internationalizing innovative technology companies, mainly software and hardware. We are in the process of raising funds and partnering with VC's from the US and Europe. We will provide not only capital, but also talent, experience and network to the companies here, in Turkey. In other words, we will try to build a bridge between Turkey and the Silicon Valley.
I will keep posting about the developments on the project and where we are and what we do. I am sure what I am trying to do is happening in many parts of the world.
Many things have been changing and will continue to change in the emerging markets. My passion is to create an ecosystem that values innovation and production. That is my ultimate goal in business.