At the request of valued friend and colleague Pierre Hennes, I was invited to give a presentation at the venture capital roundtable to a group of senior Armenian Delegates.
Looking at Armenia‘s geography, it is sited in a hot spot between Turkey and Iran, which probably accounts for the fact that the Armenians I know are tough as nails and full of grit and determination. I also found out that Kirk Kekorian, distinguished entrepreneur and owner of MGM, is Armenian by descent. Little surprise. Another facet which impressed me was the drive and determination by Armenian authority in their quest to enhance their innovation and enterprise landscape. My hypothesis is that government can only go so far in setting the stage and the private sector has to take over and in the process hopefully become “fabulously” rich. Risk and reward are undoubtedly intertwined.