An inside look into who's working on the "next big thing" in technology and app development.
The barbecue’s sizzling, the beers are flowing, and a bunch of young techies are talking start-ups, IPOs, apps, and platforms. The remarkable thing is, they all have Australian accents! Welcome to another backyard bash in San Francisco where the guest list amounts to an “Aussie mafia,” all of whom are working to be the Next Big Thing. Sydney-sider Jindou Lee is one of them. He’s built an app that makes it easier for real estate managers to conduct and file home inspection reports—a marginal business idea in Australia, but in the U.S. there are 500,000 property management companies, and that means enormous potential.
Venture capitalist George Zachary, a tremendously successful investor behind Twitter and other companies, brings additional insight to this eye-opening program, which includes entrepreneurs from other countries as well as Australia. They may not be American citizens, but theirs is a very American story.
1. Mobile App: Fastest Growing Sector in the Digital World (03:44)
In San Francisco, Aussies enjoy a barbeque. Meet John Papandriopoulos of SnappyCam and other members of the "Aussie mafia," a group of young people with good ideas who are all working to be the "next big thing." Learn how lucrative apps like Instagram and Snapchat have become.
2. App Development Boom (04:53)
We visit San Francisco's startup center and the accommodations for other "nerds" who gather together for inspiration and intense work sessions. The "revenge of the nerds" has come to pass. Investors such as Naval Ravikant make their millions supporting startups.
3. Palo Alto: Heart of Silicon Valley (03:26)
Who owns the present and who will own the future? The answer will be found in Silicon Valley. Brand names such as Facebook and Google Maps are icons. From all over the world, dreamers come to Silicon Valley to find their fortune. The 500 Startups Accelerator experiments with early-stage startup formulas for explosive growth. The company is an investment fund as well as an incubator program.
4. 500 Startups: Center of the Tech Universe (05:52)
CEO and business strategist, Jindou Lee has created an app that makes it easier for real estate managers to conduct and file home inspection reports. 500 Startups looks for his kind of project to back because of its potential. We hear from the first Italian company, "Timbuktu", that was accepted by 500 Startups.
5. Venture Capitalism (05:20)
We meet venture capitalist George Zachary, a highly successful investor behind Twitter and other companies. We meet Lisa Bettany, developer of Camera+. With Camera+ one is able to use an iPhone to shoot the best photos possible. Would she see her business for $1 billion? Hear her response.
6. App Boom Bubble? (02:55)
Elias Bizannes, Startup House, spends time with the newly-rich tech entrepreneurs. In the late 1990s, the Internet was also creating fortunes and changing the world. Is the app boom different?
7. Credits: Revenge of the Nerds: Innovative Foreigners, American Startups (00:21)
Credits: Revenge of the Nerds: Innovative Foreigners, American Startups
Revenge of the Nerds: Innovative Foreigners, American Start-Ups (DVD)
Time: 27 Minutes