diane smith - innovating in rural america
TRANSCRIPT
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Annual Conference, April 23-24, 2014
Innovating in Rural AmericaDiane SmithAmerican Rural/Mobile Future@AmericanRural
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Success in Unlikely Places
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Introduction
Diane Smith – Rural Entrepreneur, Investor, Attorney, Author, Former Telecom Executive, Wife and Mom, Advocate
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Proud to be a Rural Tech Entrepreneur
• Largest Global Provider of Multiplatform Video Services
• 2 guys a dog and an idea to $30M in 3.5 years
• Started in a coffee shop with wi-fi in Northwest Montana
• Cutting edge video technologies still invented here
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The Winning Combination
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Who is Rural?
Rural +
Small
Town
Rural O
nly
Small
Town O
nly
Urban
1M+
Over 6
5
Rental
Households
88
59
2924
40 38
Rural & Small Town Population Comparison (in millions)Rural + Small Town Rural Only Small Town Only Urban 1M+ Over 65 Rental Households
Source: U.S. 2010 Census Data
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Entrepreneurs = Jobs
Entrepreneurs are Creating the Future
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Beyond the Location Lottery
Money – i.e., entrepreneurship and job growth via crowd-funding, angels, global markets.Brains – i.e., healthcare, education, commerce, lifestyle – delivering more services at lower cost.
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What’s Going on Beyond the Coasts?
• Hackathons
• Start-up Weekends
• Social Capital
• Idea Economy
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Technology Facts
• 78% of the U.S. uses the internet
• $8 Trillion are exchanged over the internet each year
• About 35% of businesses allow telework
• 8 of the top 10 global internet properties are U.S.-based,
while 81% of users are outside the U.S.
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Low Tech Meets Hi Tech in Small Towns
76% of businesses in the U.S. utilize broadband technology.
Businesses without broadband generate $300,000 less in annual revenue than businesses with broadband.
-Connected Nation
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Mobile Matters!
We reach for our smartphones
about 150 times per day – and we’re happy!
-Mary Meeker 2013
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The New Opportunity Equation
In 2011, 32% of postsecondary students were
taking at least one online course
- 2012 Survey of Online Learning
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The Nature of Work is Changing
Global annual revenue from
Connected Devices is expected to
increase from $121 billion today to $984 billion by
2020.
Source: Carbon War Room, 2013
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Welcome Silicon Everywhere!
Silicon Valley, Silicon Alley (East Coast), Silicon Prairie (Midwest), Silicon Flatirons (Rockies), Silicon Bayou (South), Silicon Beach (West Coast), Silicon Everywhere!
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American Rural & Mobile Future
A mobile tech policy coalition supporting an environment that continues the wireless revolution
www.mobilefuture.org@mobilefuture
www.americanrural.orgFacebook.com/AmericanRuralTwitter: @[email protected]
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Thank You!