Egypt

This week snowbound Americans followed the  news in the middle east closely.  The anti-government protests in Egypt ratcheted up searches for President Hosni Mubarak and all of the players and events the led the embattled leader to announce he would step down. Searches for President Mubarak spiked over 2,900%.

Snowmageddon
The effects of “snowmageddon” are still rippling across much of the US and of course the web.  The colossal snowstorm that stretched 2,000 miles from Dallas to Chicago to Boston sent people online to find out how the cold, icy weather would affect travel, schools, heating bills and even leaky faucets. Given the brutal winter so far, preps for the monster storm started early this week.  We saw spikes in searches on Yahoo!  for snow rakes and heavy duty snow blowers spike about 600% And while they waited for the weather to calm, many folks made the best of it by staying home and cooking up some comfort food.  In Detroit, a number of folks wanted to recipes for “no-bake peanut butter cookies.”  In Kansas City, Search queries “for how to make chocolate frosting” jumped.

Super Bowl
All the snow is not dampening the excitement about Super Bowl Sunday, although some people lucky enough to get tickets for the big game worried about getting to Dallas.  Searches for Dallas weather forecast are up 839%. If search queries could determine who will triumph this weekend, the smart money would be on the Pittsburgh Steelers.  All season, the Steelers dominated Green Bay —  at least on Yahoo! —  with 21% more searches.  And when it comes to quarterbacks. Pittsburgh’s Ben Roethlisberger bests the Packers’ Aaron Rodgers by 45%.  As for the festivities, people seem to be  revving up for a super bowl feast that might even include a few lighter dishes.  Searches for “healthy superbowl dips” surged 6,800% this week.  Still topping the list for most popular party dips – buffalo chicken, spinach, artichoke, taco and seven layer.

Check out the video for more trends spiking this week.

I had the privilege today to speak at the Presidential Summit on Entrepreneurship.

I ultimately consider myself an entrepreneur – from the time David Filo and I started Yahoo! in a small campus trailer parked at Stanford, and even more so today. David and I had a dream fueled by the entrepreneurial spirit and a love for technology.

The gathering of delegates at the Summit represents an appreciation for the critical role entrepreneurs play in advancing the global community. The Summit follows the President’s commitment during his June 2009 speech in Cairo, and is an effort to join existing efforts and inspire new efforts to promote entrepreneurship and innovation, with a focus on Muslim-majority countries and Muslim communities around the world.

Many renowned experts in the U.S. and globally are speaking, and President Obama addresses the group this evening.

I spent most of my talk discussing what it takes for regions, countries and societies to create a “high growth entrepreneurship” environment – one that is ripe for technology entrepreneurs.  Later today, I will share a link to view my speech.

While entrepreneurship may be an individual’s pursuit, a “high growth entrepreneurship” environment where technology entrepreneurs can thrive doesn’t happen by accident.

You need to have the right foundation to enable entrepreneurship to flourish.   A foundation that includes: a commitment to research and development; investment in education (including fundamental science at the University level); access to capital funding; and a culture that encourages an entrepreneur ecosystem – from immigration and technology access to online communities and mentors who encourage our youth.

Over the years, the U.S. has addressed much of the foundational elements of high-growth entrepreneurship, and as a result, we see a steady stream of entrepreneurs, technology innovation and economic opportunities.

Let me share two powerful stats.

· According to the Kauffman Foundation, between 1980 and 2005, virtually all net new jobs created in the U.S. were created by firms that were 5 years old or less. That is about 40 million jobs.

· In 2008, research from the National Venture Capital Association showed that VC backed companies in the U.S. employed 12.1 million people generating $3 trillion in revenue.  This represents the equivalent of 21% of the U.S. GDP.

But the power of the Internet, innovation and ideas, and entrepreneurship is borderless.  People around the world, especially young people, are increasingly enthusiastic about chasing new opportunities and starting their own businesses.

And for any entrepreneur, whether they’re in Cairo, Egypt or Cairo, Illinois, or India or Indonesia, the challenge becomes building the bridge and foundations that will enables high-growth entrepreneurship and technology to flourish.

The Middle East shows signs of a growing number of budding entrepreneurs.

The Silatech Index: Voice of Young Arabs study conducted with Gallup in June 2009 found that the majority of Arab youth surveyed believe entrepreneurship is the key to future job creation in the region.  Underscoring that fact was the fact that 26 percent of the young Arabs surveyed in the region were planning to start their own business within the next 12 months.

From my perspective, what is particularly encouraging about these results is how they highlight an emerging willingness to consider new approaches and pursue new ideas.

Let me share an example. The founders of Maktoob.com, a company Yahoo! acquired last year, pursued a new idea 10 years ago.  Co-founders Samih Toukan and Hussam Khoury noticed there were few online services that offered content in Arabic, their native language.  In their spare time, they began to work on an email service that would support Arabic, later adding others online content services.

They were fortunate to have education, mentors (including Fadi Ghandour, a successful CEO/entrepreneur in the Middle East) and funding, which would help make this dream possible.  Samih and Hussam ultimately created the world’s largest Arab online community.  Today, with more than 19 million users in the Middle East region, Yahoo! Maktoob is committed to increasing Arabic content and helping youth and entrepreneurs in the region.

Just last week, Yahoo! Maktoob, in partnership with NGO Nahdet El Mahrousa, launched a social entrepreneurship campaign in Egypt called, “Social Innovation Starts with YOU!”.  Individuals from across Egypt will be invited to become the next social entrepreneurs of the year by developing new ideas in the fields of education, health and the environment.  Ten winners will receive monetary grants and technical and management support for three years to help bring their ideas to life.

Samih and Hussan’s journey highlights what is possible for today’s entrepreneurs.  There are plenty of other examples of successful entrepreneurs in emerging markets, and opportunities for others with a desire to create future companies or ideas  – in mobile technology, software, clean technologies, biotech or social networking, to name but a few.

In this “flat world”, there is a tremendous opportunity for countries around the globe to participate in high-growth entrepreneurship and further technology advancements. It is critical for everyone – public officials, private industry, NGOs, educational institutions, entrepreneurs and others – to help build a foundation to help support this.

Collectively, we can make an impact, and help ensure entrepreneurship and technology continues its remarkable progress in emerging economies and around the world … so that future generations will see their dreams come to life.

Jerry Yang
Co-founder, Yahoo!

This Sunday, at the Internet Governance Forum’s annual meeting, Yahoo! co-founder Jerry Yang delivered a keynote address to discuss the impact of the Internet on people’s lives, the need to get the next billion people online and the importance of providing those next billion–in emerging markets and beyond–with locally relevant content and communications tools.

“The Internet isn’t just about getting as many people online as possible,” said Jerry Yang. “But making sure that once they’re online, they have something productive to do, something to gain, something meaningful to experience.”

The IGF meeting took place in Sharm El-Sheikh, Egypt, and you can watch the full opening session and keynotes here.  Jerry’s speech starts at about 59 minutes into the opening session, directly after Tim Berners-Lee.

In addition to the IGF keynote, Jerry is meeting with customers, employees and both local and U.S. government officials while in the region.

Yahoo! recently closed the acquisition of Maktoob, the largest Arabic-language Internet site.  According to the World Bank, there are more than 320 million Arabic speakers worldwide, while less than one per cent of all online content is in Arabic.  The partnership between Maktoob and Yahoo! aims to strengthen and support Arabic content on the Internet, adapting current products to the Arabic language while also working with local developers to create new and compelling products.