Investing in VonZu Tech - a memo to myself Globalisation and Retail Have you ever noticed that in the list of the richest people in every country there is always at least one Retail family? This is true in the US (e.g Walton family), Germany (e.g. Albrecht family), in smaller countries like Portugal (Soares dos Santos family) and is the same even in China (Ma family, Colin Huang). There is a reason for this: retail goods and food is one of the highest spend categories of households in any country. The last massive transformation that made the money of many of this families was an invention from the 1960s: the sea container. The evolution of retail via mega chains and stores with their professional category managers and international sourcing teams was made possible by this pice of logistics infrastructure. And this was very much what led to the massive expansion of global trade from 1960 to 2019. My hands-on experience with global trade was first gained as CEO of Spiriant GmbH in Ge
There is ONE Silicon Valley with angels like Naval Ravikant and Jason Calacanis leading to companies like Uber, Tweeter etc. Things in Europe are different: ecosystems are country specific with local angels and early stage VCs. This are my notes on building bridges & learning across these ecosystems.