Posts Tagged ‘Geek n’ Rolla’

Geek ‘n Rolla: Love & Money?

April 23, 2010

Love was defiantly in the air at this years Techcrunch Geek ‘n Rolla. The tech event, on its second year, had a strong focus on Venture Capital and real world startup experiences. The talks highlighted VC’s love of huge exits and startup entrepreneurs love of making great things. Unfortunately, these two paths to love don’t always meet. But often they both need each other to survive and grow. If you want a full debrief of the event Inma Martinez , Joao Belo and of course Mike Butcher at TechCrunch, have great detailed writeups.

In Tommy Ahlers‘s talk he compared a startup exit  to finding love and Eden Ventures described engaging with VC’s as romance. Tommy went on to say “don’t build a startup to sell out.” I’ve heard this before – if you just focus on the money you won’t get anywhere. In the subsequent panel discussion Saul Klein of Index Ventures went onto say “Most entrepreneurs are not looking for an exit, they’re looking to create a great product and change the world in some way”.

Jason Trost reminded us how much startups are “rollacoaster of a ride” and “to be ready for the hard knocks”. He also quoted the cold fact “that 7 out of 10 startups fail”. So why are startup founders willing to throw life savings, time and a personal life at an idea. It’s because Entrepreneurs love doing what they want to do! They love the freedom to create

The startup new product pitches of the day were: Cortexica; Cutefund.com; Decibel; DriveK; GameCreds.com; Gigaboxx; Graph.me; iGlue; LinkCloud.org; Musiio; Pownum; SongHi; and Stripped Finance. Well done guys for have the passion to follow your dreams. And congratulations to Cortexica for winning over the judges and Graph.me for the audience vote. Tamlin Magee has a great write up all the pitches.

Most of these startups have spent many months, or years,  and much money building their  products. Love of startups is why the speakers,  the pitchers and several of the audience were willing to drive across Europe for this event when all the planes had stopped. Well done Mike Butcher for making it these events such a focal point for European tech startups!

In Ewan McLeod’s talk on “The disruptive opportunities for startups in mobile, and getting traction fast” he pleaded with mobile phone app startups to stop their love affair with iPhone app development and look at the market measures.   “But love is blind and lovers cannot see, the pretty follies that themselves commit; For if they could, Cupid himself would blush” (William Shakespeare, “The Merchant of Venice”). This is where the VC’s kicks in!! They have to see the reality of money or at least the potential of it. “We’re looking for exit values of $300-400million dollars” Katie Turner, Eden Ventures.

However software startups are not about the money at the beginning. They can’t be – There is no money.. only an idea, a massive loss and very few customers, if any! Employees tend to focus on monthly paychecks but startup founders have to draw their strength and measures from elsewhere. Ultimately you have to do what you really love to do. Startup founders really have to enjoy and relish the startup challenge.  “I love sales” said the charismatic and slightly wacky  Morten Lund in his entertaining talk.

Without a rush of customers throwing money at a product startup founders have to deal with the VC devil to grow  their startup and continue to create. They then have to dance to the pipers tune and move towards a liquidity event. The good news is that once a VC is onboard they’re on the entrepreneurs side, just as long as the founders are moving towards that big exit 😉

Geek n’ Rolla: Community, community, community

April 24, 2009

Mike Butcher of TechCrunch UK set a brisk pace at this weeks inaugural Geek n’ Rolla in London. The one day conference was packed with top Tech UK speakers including Inma Martinez, Andy McLoughlin and William Reeve. The Rock n’ Rolla gangsta theme was celebrating the UK’s entrepreneurial spirit. After all there are  very similar traits between entrepreneurs and criminals. They are both highly inventive, enterprising and resourceful. I and others felt the event created a real sense of community (a law abiding one that is).

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The event was supporting and building the UK Tech startup community for startups like ours (Aware Monitoring). Lashings of helpful and informative advice was given out throughout the day from: Andy McLouglin on building a strong team; bootstrapping from William Reeve; Lesley Eccles on launching big in the USA; and working with VC’s /Angels from Fred Destin / Nick HalsteadDaniel Tenner has a write-up of the talks in more detail. Some of the advice from the panel judging the 10 startup pitches at the event was brutally honest. I was really impressed with the standard of pitch. They were all very professional. Not a stutter or ummm amongst them. My money’s on the Booking Bug or Swiffen startups.

The networking was cosy with 250 people in a small space but it worked. I felt a real sense of community from the startups at the event and applaud Ian Hogarth for setting up community resources like startuptools. Mike Butcher did a really good job bringing everyone together. Well done, Arrington (Mike’s boss) would be proud ;). And I applaud any one who helps bring the UK Tech community together including the DrinkTank, OpenSoho and the Nott Tuesday organisers.

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The Americans really get their Tech community efforts right in The Valley. Yes, I know the UK doesn’t have the funding or the close ties with Tech focused Universities like in The Valley but that’s the point. Guy Richie can make hit films and we can make hit apps. People keep reminding me the odds are against our website monitoring startup succeeding as we are located in the wrong city and the wrong county i.e. as a Tech startup we should be in London, UK or better still in the USA. I say that doesn’t mean we won’t succeed! Loads of great Tech startups and businesses have come out of the UK including Last FM, BeboMessageLabs, Sage, etc.

I think the UK Tech scene is going from strength to strength. The community brings so many benefits: Sharing of ideas; sharing of problems; sharing of resources; sharing positivity and sharing ambition. After all, together we are stronger 🙂

Summer of Love: Geek n’Rolla, Internet World, djangocon, FOWA Tour & Fuel

April 20, 2009

Simon Oxley, my co-founder, and I are attending several UK/European conferences this summer. If your also going to be at any of these let us know and we’ll hook-up. We’re really looking forward to them all 🙂

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