Blog

Perspectives on the wonderful world of tech

Seedcamp & Springboard compared – choice for startups at last

Incredible to see the buzz about Seedcamp and Springboard amongst the start up community. When Seedcamp started it filled a gap that was simply not being supported in the UK. Seedcamp created a UK version of the very successfully Y-Combinator model in the US and created a hugely important piece of the start up ecosystem in the UK in the process. Very interesting to see that there are at least one or two complimentary (from an entrepreneur’s perspective), initiatives out there that offer some interesting choices as an entrepreneur as you cannot do both – or can you?

This summer, Red Gate software launched a programme of similar intent and length to the Seedcamp programme with some key differences.

  • Both #Seedcamp and #Springboard are run as competitive programmes where only a select few companies are accepted.
seedcamp

Seedcamp

  • Seedcamp runs an intensive one week course of activity with a huge number of the UK’s most active entrepreneurs and advisers in September, at the end of the week, up to five companies are picked for a E50k investment for between 5-10% of the company. This is followed by a 3 month programme of intense coaching, mentoring, networking etc. Applications are welcomed from all over the world. Deadline for entries 23rd August. More here.
Springboard

Springboard

  • Springboard runs interviews in the first week of September to select the candidates for their programme. After this, up to five companies are picked to participate in a 10 week programme involveing speakers like Joel Spolsky, Ryan Carson, Dharmesh Shah and others where their accommodation, office space, food, living expenses, some development money and infrastructure are all provided. Free.  (Chris Anderson would be so proud). Red Gate are not looking for equity or even expecting companies to be legally incorporated. They are however looking for companies with B2B ideas rather than consumer propositions. Applications are welcomed from all over the world. Deadline for entries 28th August. More here.

I was called last night and asked by a start up I have been working with whether they should apply to Seedcamp or Springboard.

BAD ENTREPRENEURS!! You are street fighters now.

This disappointed me hugely. They would be really stupid not to apply for both. While there is an element of philanthropy about both programmes, they are both offering a service to entrepreneurs and you should push to get what you can and make the most informed decision at the latest possible point. (Or am I missing something here?).

Whatever happens, this is all good news for the start up ecosystem in the UK.

Reblog this post [with Zemanta]

Read more

“Print media is dead!” “Up to a point, Lord Copper.”

If you restrict your reading to online blogs and journalists, you might be forgiven for thinking that print media is dead. Many point to declining advertising revenues as killing papers (although conveniently ignoring the fact that advertising revenues have dropped pretty much everywhere online where jobs are also being shed.)

Back in the real word though, there seem to be more newspapers than ever in London and a surprising amount of innovation in the industry. There is no doubt that this is an industry that is facing massive changes but it is ridiculous to write it off. Print media people are highly commercial animals and while they may not ‘get it’ straight away every time, when they do, they will fight for it – hard.

A few years ago many commentators ridiculed the idea of the FT forcing people to pay for online content but it is a strategy that has worked very well for them. Many wrote the idea of free newspapers off when they were launched in London but there are a bewildering number, most leveraging existing publishing houses.

Of course there is no doubt though that print media has reached an historic but critical evolutionary point. Print businesses are severely pressured. Declining subscription and advertising revenues are becoming the norm across the industry. The growth of user-generated content, citizen-journalism, blogs, Twitter and the real-time web have all been responsible for forcing changes on the industry. While print media is under sustained attack from the web, some of the most popular web-based news sites only make a small fraction of their revenue from the web making any possible transition painful and complex.

The Daily Telegraph and Guardian are doing innovative things online that could position them as leaders of the emerging media pack and their unusual (non-public) ownership allows them to do things that public companies might find difficult.

While many on the web expound the virtues of ‘free’ news, Rupert and James Murdoch announces that News Corp will be going in precisely the opposite direction. You can guarantee that this is going to be the closely monitored moves in the print media industry in the next year. If this shows any signs of working, and helping a move away from advertising based business models, it will be followed rapidly by other players. The more that do it, the more it is likely to succeed although there is then a possibility that this will, in the UK at least, call into question the BBC News site which would not be able to charge or take advertising. It could then become a sort of government funded monopoly.

At the same time but at the other end of the spectrum, Y-Combinator, the best known and innovative incubator in the world, announces it is actively seeking start ups that can help redefine the future of journalism and media. The point where incumbents and upstarts meet is going to be a very, very interesting place to observe.

Interesting times, but a long, long way from being the end of the game.

Reblog this post [with Zemanta]

Read more

Three (more) things to make more money for Google

Interesting take on Google’s most recent updates and how they will make Google more revenue.

Worth taking a look at the whole report from Merrill Lynch – it is a PDF document that can be downloaded here Google-changes-Merrill-Lynch-Report

Three changes that could drive better monetization

Summer (usually August) is when Google has introduced changes to the site to increase monetization, and this year is no exception. We have noted three changes this year that could serve to increase revenues on a sequential and y/y basis on Google.com: 1) moving text ads to the right side of the page closer toward free listings, 2) introducing product ads in sponsored search results (still in test mode), and 3) adding video trailers to sponsored search results (for movies). We see these initiatives as biggest potential YTD monetization changes in 2009. (Please see screen shots within this report for more detail.)

Reblog this post [with Zemanta]

Read more

Why we need more street fighters – a perspective from Cambridge

This article originally appeared in the Q3 2009 issue of Cambridge Business Magazine.

Both Neil and I would implore you not to track down the hard copy version as it contains possibly the worst photographs ever taken of both of us. It was written by Neil Davidson and I was happy to contribute over beer and separately an excellent Redgate lunch.

See also my previous post on the subject for a more visual perspective.

“We need more street fighters,” Mark said. “Men and women with blood on their knuckles and fire in their eyes. Not thugs, mind you. They need to be smart, and look good in a tuxedo.”

“Like James Bond?” I asked.

“Yes, but Daniel Craig, not Roger Moore.”

Mark Littlewood paused and drank from his pint. We were sitting on a small wall outside the Mill, watching the tourists struggle with the punts.

Good place to watch punts, The Mill

Good place to watch punts, The Mill

“Cambridge is full of people with brains, but we need more than that,” Mark said. “We need people who can execute as well as plan, sense as well as analyse, and that’s what I think we’re missing. Street fighters who know how to do a deal. It’s the difference between strategy and tactics, or theory and practice. Sure, you need to know the theory and understand the strategy, but it’s not enough. At some point you need to put down your copy of the Harvard Business Review, roll up your sleeves and start to do.”

“But surely we’ve got people like that?” I asked.

“Of course we do. Take Alex van Someren, Mike Lynch or Richard Green. They’re street fighters. But we need more of them.”

“But we know plenty of people who’ve got the appetite to succeed,” I said. “Right now, there are lots of Cambridge start-ups who want to change the world. Timetric, Patients Know Best, Broadersheet, Go Test It, Meta Alternative and Magic Solver, just off the top of my head. And they’re the ones who’ve actually got a product to sell: count the people who want to create something, but don’t know exactly what, and there are hundreds if not thousands.”

“I don’t think it’s that the people lack the desire to succeed,” Mark said. “It’s a system that values academia over school of life skills that lets them down. There are plenty of people who have potentially world-changing ideas in this town but, far, far fewer who can make them happen. They need to be given a street fighter’s mentality”

“Aren’t there many places to learn those skills in Cambridge? The Executive MBA that the Judge is about to launch, for example. The Institute for Manufacturing runs courses, and the Centre for Entrepreneurial Learning too.”

“Yes, those are all excellent as far as they go. But take the MBA. It doesn’t crack the problem I’m talking about. For a start, it’s aimed at a different audience. The MBA is part of a traditional route – you go to university, you graduate, you get a job at McKinsey, you work for a few years, you get an MBA and then you get a better job. By definition, the people I would want to train don’t want to obey the conventions. They want to break the rules, or create new ones, not follow a path laid down by others.”

“So how would you teach these skills then?”

“I think you learn it by doing it. You put people in pressured situations and help them succeed but let them fail. If I were the university and wanted to teach entrepreneurship, I would hire a market stall and use it to run Apprentice-like competitions for teams of aspirant entrepreneurs. If they did nothing but watch some of the other market holders at work, they would learn more than in most classrooms,” Mark said. “I’d give them permission to be unconventional, to think and act more like a street fighter rather than the educated person they have been brought up believe is them. I’d make sure they spent lots of time with other street fighters too.”

“But is that enough?” I asked.

“I don’t know.”

“Maybe we could create some sort of sandbox,” I said. “A place where people can play-fight but where nobody gets hurt. Some sort of war game, maybe? We could pit today’s street fighters against tomorrow’s. Or mix up professors and entrepreneurs. We could pick a real-life scenario: one team could be Google and the other Microsoft. How can Microsoft get a toehold back into the search market, and how can Google stop them? Or even put them in a Cambridge-specific scenario: get one group to be ARM, the other Intel; or Plastic Logic versus Amazon.”

“It sounds cool, complicated, and probably expensive,” Mark said.

“Yes, but the benefits would be huge. And I don’t think funding would be hard. It’s not just start-ups who need this training. Take Red Gate. One of the problems we face is teaching people how to run business units. We’ve got smart people who know the theory but have never run a business before. They know how to manage developers, or testers, or sales people, but being responsible for the profitability and direction of an entire product group is a very different skill. It’s much more entrepreneurial. It’s like running a start-up, but with a sugar daddy. If our people can get those skills without the scars then that’s enormously valuable.”

“And you can’t be alone.”

“No, I don’t think we are. As companies get larger, their competition changes. It becomes fiercer. Take ARM, Cambridge Silicon Radio and Autonomy and look who they’re up against. Google, Microsoft, Broadcom and Intel are ferocious.”

“Yes, and they don’t always fight clean. I can see why more street fighting skills might help.”

“So it sounds like the bigger companies could subsidise it, and start-ups and students could benefit too?”

“Exactly.”

“So what do we have to do to get this to happen?”

“Well, the first step is to find somebody who believes in this. Somebody who can make happen. It’s fine for us to chat about this, drinking beer in the early evening sunshine, but somebody’s got to do something now. We need a street fighter.”

“Did someone just volunteer?”

Mark Littlewood is founder of the Business Leaders Network and can be reached at mark@thebln.com or on Twitter at @marklittlewood. Neil Davidson is co-founder of Red Gate Software and chairman of the Cambridge Network. He can be reached at neil.davidson@red-gate.com or on Twitter at @neildavidson.

Reblog this post [with Zemanta]

Read more

Goal! Fast 50 winners to visit Chelsea FC!

Excited to hear that the Fast 50 Awards programme (highlighting the UK’s fastest growing UK technology companies) will offer all 50 winners the opportunity to attend an afternoon and evening of entrepreneur-focused networking and development at Stamford Bridge, home of Chelsea Football Club. (Disclosure: We are working with Deloitte on targeting high growth companies for the programme.)

Chelsea Football Club hosts Deloitte Fast 50 Awards

Chelsea Football Club hosts Deloitte Fast 50 Awards

The venue is a purpose-built conference facility and the programme includes a tour of the ground, stadium and dressing rooms etc. I am excited to hear about this but hope that it will not alienate any supporters of other lesser/greater teams (delete as appropriate).

Details of the day’s activities will be confirmed soon (but probably after the 31st August deadline for entries) but will include opportunities to listen to some of Europe’s business leaders as well as network with other high achieving winners and the press. Details to follow.

This day traditionally wraps up with a gala networking dinner for the European Fast 500. And here is a little secret – usually the European Fast 500 features way more UK companies than those in the Fast 50. This means that even UK companies that are not in the UK Fast 50, can attend the event and feature in the European Fast 500 event at Stamford Bridge.

Deadline for entries is 31st August.

For further info send us an email Fast50@TheBLN.com or go to www.bit.ly/Fast50

Deloitte logo

Deloitte

Reblog this post [with Zemanta]

Read more

FT reports Cloud Computing impacting outsourcing industry

Infosys CEO reports cloud computing affecting their business but also opening up new opportunities.

Moving Infosys to outsourcing applications to the cloud would require significant investment but also open the way to Infosys targeting more, smaller customers.

Read more