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Perspectives on the wonderful world of tech

Business of Software 2011, 24-26th October, Boston. Early Bird ticket deadline 4th May.

With six months to go to Business of Software 2011 we are delighted that well over 50% of the places are now filled. You can still save $800 on the full ticket price if you act fast – due to the absurd number of public holidays in April in the UK (we even had a public holiday for the Royal wedding), we have extended the April Early Bird deadline by a couple of days and this will now close midnight PST on 4th May.

Book your Early Bird tickets by midnight PST on 4th May, and the April Early Bird price with $800 discount will stand.

Speaker update
  • You can see the latest line up of Business of Software speakers here but we particularly want to congratulate Professor Clayton Christensen, who will open Business of Software 2011, on being awarded the Harvard Business Review McKinsey Prize for an unprecedented 4th time. Professor Clayton Christensen, is the author of, ‘The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail’. The Innovator’s Dilemma considers how successful companies with established products can stay ahead of those with newer, better, cheaper products. Needless to say this is a tough proposition. It is a seminal work that starts out by comparing the hard disk industry to fruit flies…

“When I began my search for an answer to the puzzle of why the best firms can fail, a friend offered some sage advice. “Those who study genetics avoid studying humans,” he noted. “Because new generations come along only every thirty years or so, it takes a long time to understand the cause and effect of any changes. Instead, they study fruit flies, because they are conceived, born, mature, and die all within a single day. If you want to understand why something happens in business, study the disk drive industry. Those companies are the closest things to fruit flies that the business world will ever see.” The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail

  • When I started talking to Professor Christensen’s office about speaking, I came across an article he wrote last year that had as much resonance for me as the Innovator’s Dilemma. It turns out that a lot of other people felt the same about How will you measure your life? (10 minute read, lifetime impact). The article, a summary of Professor Christensen’s graduation address to 2010 HBS students, has become one of the most downloaded articles in the history of the Harvard Business Review. This month it won the Harvard Business Review McKinsey Prize making the author an unprecedented four times winner of the award.
  • Business of Software is about growing long term sustainable software businesses. Long term sustainable software businesses are built by extraordinary people who lead far from ordinary lives. I think this article will be of great interest to you and I am very excited about hearing Professor Christensen’s talk in October.

Some speaker videos from 2010

  • You can see a couple more of last year’s talks up on the site now.
  • Jason Cohen shares some smart thoughts on advice, well meant and otherwise, that entrepreneurs must learn to filter – understand all advice comes with associated prejudice.
  • Patrick McKenzie (@patio11) spends 7 minutes 30 seconds precisely explaining his views on marketing software to such under-served minority markets as non-techies, non-Americans and even, shock horror, women. I challenge you to watch Patrick’s talk without laughing and learning something.
  • We will be posting some more of last year’s talks up on the site over the next month so now would be a great time to subscribe to the BoS blog so you stay up to date on what we are up to. You can also follow BoS on Twitter and follow the hashtag #BoS2011 for BoS updates and news.

Thanks for reading. Don’t forget, to book your Early Bird tickets by midnight PST on 4th May for an $800 discount.

Mark Littlewood

 

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How will you measure your life? Clayton Christensen, The McKinsey Prize & Business of Software

One of the people we really wanted to get to speak at Business of Software is Professor Clayton Christensen, author of, ‘The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail‘. The Innovator’s Dilemma considers how successful companies with established products can stay ahead of those with newer, better, cheaper products. Needless to say this is a tough proposition. It is a seminal work that starts out by comparing the hard disk industry to fruit flies…

“When I began my search for an answer to the puzzle of why the best firms can fail, a friend offered some sage advice. “Those who study genetics avoid studying humans,” he noted. “Because new generations come along only every thirty years or so, it takes a long time to understand the cause and effect of any changes. Instead, they study fruit flies, because they are conceived, born, mature, and die all within a single day. If you want to understand why something happens in business, study the disk drive industry. Those companies are the closest things to fruit flies that the business world will ever see.” The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail

We are delighted that Professor Christensen will open this year’s Business of Software Conference, (24th-26th October, Boston).

Here, Professor Christensen talks about disruption in the steel industry.

We are delighted that Professor Christensen will open this year’s Business of Software Conference, (24th-26th October, Boston).

When I started talking to Professor Christensen’s office about speaking, I came across an article he wrote last year that had as much resonance for me as the Innovator’s Dilemma. It turns out that a lot of other people felt the same about How will you measure your life? (10 minute read, lifetime impact). The article, a summary of Professor Christensen’s graduation address to 2010 HBS students, has become one of the most downloaded articles in the history of the Harvard Business Review. This month it won the Harvard Business Review McKinsey Prize making the author an unprecedented four times winner of the award.

How will you measure your life is less about business, more about, well, life…

“When people who have a high need for achievement—and that includes all Harvard Business School graduates—have an extra half hour of time or an extra ounce of energy, they’ll unconsciously allocate it to activities that yield the most tangible accomplishments. And our careers provide the most concrete evidence that we’re moving forward. You ship a product, finish a design, complete a presentation, close a sale, teach a class, publish a paper, get paid, get promoted. In contrast, investing time and energy in your relationship with your spouse and children typically doesn’t offer that same immediate sense of achievement. Kids misbehave every day. It’s really not until 20 years down the road that you can put your hands on your hips and say, “I raised a good son or a good daughter.” You can neglect your relationship with your spouse, and on a day-to-day basis, it doesn’t seem as if things are deteriorating. People who are driven to excel have this unconscious propensity to underinvest in their families and overinvest in their careers—even though intimate and loving relationships with their families are the most powerful and enduring source of happiness.”

We are very proud that Professor Christensen will be speaking at Business of Software in 2011. Not only has he written some of the most important business writing ever, he understands that life is not a business, it is about people. We think those sentiments resonate with the attendees at Business of Software.

“I think that’s the way it will work for us all. Don’t worry about the level of individual prominence you have achieved; worry about the individuals you have helped become better people. This is my final recommendation: Think about the metric by which your life will be judged, and make a resolution to live every day so that in the end, your life will be judged a success.”

We hope to see you there – and don’t forget the delegate rate will rise by $100 from midnight 4th May so act now – you will almost save yourself the price of a Kindle. Register here.

BLN Money in Mobile, June 14thhttp://moneyinmobile2011.thebln.com/ – How companies make money in mobile.

BLN Growth Forum, July 5thhttp://growthforum2011.thebln.com/ – For grown-ups running growth businesses.

 

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Oops – April went. Business of Software Early Bird booking deadline extends to 4th May

I am a little bemused as to what happened to April…

Living in the UK, we are used to having a few bank holidays around Easter but this year, we also had an extra public holiday to celebrate the wedding of William and Kate. We at the BLN have been organising two UK events, (Money in Mobile, June 14th, and the BLN Growth Forum, July 5th), that have taken up a lot of our time and I also went camping for a week with my family. A week with no electricity or internet access is not that productive.

As a result of my inefficiency, I have not flagged the end of our $800 discount on Business of Software that is due to finish at midnight tonight, on the blog. I am sorry.

As a result, we will extend the discount period to midnight on 4th May. This should give you enough chance to get into the office, work out who will go, grab the company credit card and book for this year’s event that takes place between 24th-26th October. We are now over 50% booked. Please don’t miss out – book now and see you in Boston!

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What makes money in mobile?

Ever since the phenomena of Facebook and Twitter, and the emergence of vast (and I mean vast) amounts of apps, the mobile space has been swamped with entrepreneurs launching endless freemium platforms and creating the next Angry Birds. The result – a lot of freemium bankruptcies and very angry looking buzzards amazed that their “me too” app, game or widget didn’t take off.

 

So what is making money in mobile?

Unfortunately, many have forgotten the obvious: fulfilling an immediate need or adding a little convenience to the users’ life goes a long way. Check out Masabi – mobile ticketing for trains – absolutely great if you’re in a hurry, don’t have access to a computer or simply don’t want to queue.

Behind the idea is a tight business model with a clear intention to generate cash – not waiting and hoping that the idea will generate a massive consumer following and then see what happens. I recommend reading some of Alex Osterwalder’s book on business models for some useful insights (he’ll be speaking at Business of Software, don’t you know?).

The other magic ingredient seems to be to have a great user experience and make the experience mobile specific (see previous blog post). Mobiles have small screens and we use them on the go, so tonnes of irrelevant information, an overcomplicated interface and more than 5 thumb strokes to get something done are just going to put people off. Have a look at Ribot’s Threedom phone, an inspired piece of simple design that’s super easy to use.

One thing is for sure – there is money to be made in mobile, whether you are in the mobile sector or looking to use mobile technologies to extend your current business. You can learn more from the line-up of awesome speakers at the BLN Money in Mobile Forum, 14th June, Taylor Wessing’s HQ, London. And remember, the early bird discount finishes at the end of April!

We are delighted to be partnering with Taylor Wessing, BDO, Ixonos and Intel Capital to create the BLN Money in Mobile Forum.

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The BLN Growth Forum, Cambridge, July 5th 2011

Getting BIG, Staying BIG.

  • Is your business achieving full potential?
  • Do you have access to the resources – capital, talent, advice and customers – to achieve your goals?
  • Do you spend too much time working in, not on, your business?
  • Do you spend enough time sharing ideas and solving problems with your peers?
  • Would you like to learn the management and leadership secrets of some of the UK’s most successful companies?

Welcome to the BLN Growth Forum. One content packed day to think, talk & learn about growing and scaling your business.

You will meet and hear from the leaders of some extraordinary businesses  including – Tim Weller, CEO, Incisive Media – Warren East, CEO, ARM – Ariel Eckstein, MD EMEA, LinkedIn – Jonathan Milner, CEO, Abcam – Neil Gaydon, Pace plc – Martin Leuw, IRIS Software. You will hear stories of success – and failure – and walk away with relevant, actionable opportunities to help strengthen your business.

Getting BIG, Staying BIG.

A forum for business leaders to think, talk & learn about scaling business.The first BLN Growth Forum was held in July 2010 for 180 entrepreneurs and investors in some of the UK’s fastest growing businesses. The speakers had created over $20 billion of company value between them – one called it the first world-class conference they had attended in Cambridge. 

BLN events are universally known for:

  • Great speakers with no BS, thought-provoking, actionable ideas.
  • Engaging quality audiences who contribute actively to an event.
  • Helping CEOs to spend time working on, not in, their businesses.
  • Generous networking time – to extend debate and build commercial links.

We will hear from entrepreneurial ‘action leaders’ (as opposed to ‘thought leaders’) and discuss relevant, actionable opportunities for your business.

The format is simple, but productive:

  • Stories, discussions and debate from speakers who are experts by dint of their real world entrepreneurial experience.
  • Small special interest workshops run under Chatham House Rule.
  • Great people, great networking.

BLN events use tried and trusted formats that encourage open discussion and active networking for participants invited to ensure the event is more than the sum of its high quality audience.

We really care about hearing interesting stuff from people that matter and can teach people by example.

We don’t care about hearing from ‘big names’, that don’t say anything new – or controversial. We really, really care about making sure that the right people are in the room – to listen, to engage, to discuss and find ways of doing business together.

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The #BLNBIG discussion. Video of the discussion.

The BLN, ‘BIG’ discussion. #BLNBIG from Wild Lion Media on Vimeo.

Enjoy.

This is the video of the  BLN CEO Tales, ‘BIG’ discussion run in partnership with Erevena and Taylor Wessing on London, March 16th 2011. The discussion was moderated by Rory Cellan-Jones, BBC Technology correspondent, to discuss the question, ‘Should the UK worry if ARM and Autonomy were the last big UK technology businesses?’ Speakers: Stephen Allott, Sherry Coutu, Ben Holmes, William Reeve. ‘Should the UK worry if ARM and Autonomy were the last big UK technology businesses.’ This is the full video. We were particularly entertained by the faux Apprentice-style opening credits created by the excellent Tom at Wild Lion Media – so we kept it in. It really doesn’t do to take yourself too seriously.

Talk timings, if you want to fast forward, were roughly as follows:

  • Rory Cellan-Jones intro: 5.00
  • Stephen Allot: 8.00
  • Ben Holmes: 13.00
  • Sherry Coutu: 20.00
  • William Reeve: 26.00
  • Panel discussion & disagreement: 34.00
  • The role of VCs in building big companies: 40.00
  • Questions from the floor: 44.00

Don’t miss the BLN Growth Forum, 5th July in Cambridge.

Come and spend time working on, not in, your business with speakers including Warren East (CEO, ARM); Peter Bauer (CEO, Mimecast), Stuart Miller (CEO, ByBox), Jonathan Milner (CEO, Abcam), and Tim Weller (CEO, Incisive Media).

More information: BLN Growth Forum, July 5th 2011 in Cambridge, United Kingdom

Early bird discounts available until the end of April.

 

Rory Cellan-Jones – Moderator

Rory Cellan Jones dot.rory

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Stephen Allott

Stephen Allott pic Stephen Allott is a technology business leader and social and business entrepreneur. He is Crown Commercial Representative for Small Business, building a more strategic dialogue between the Government and smaller suppliers. He is also chairman of Red Gate Software’s Council of Advisers. Red Gate are a 200 person privately owned software company based in Cambridge and are officially the best small software company to work for in the UK. Stephen co-founded his own business, Trinamo Ltd, a management consultancy for UK technology companies and founded a non-profit: the Cambridge Computer Lab Ring which is an association for Cambridge computer science graduates. He is a member of the Ring Governing Council. Stephen is a graduate of Trinity College, Cambridge and has worked for Xerox, Sun Microsystems, McKinsey and Micromuse, where he led their NASDAQ IPO and was President, CFO and a main board director. He has chaired 7 technology company boards and is a quondam City Fellow of Hughes Hall, Cambridge University.

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Sherry Coutu

Sherry Coutu

Sherry Coutu is an experienced executive, former CEO and angel investor who now serves on the boards of companies, charities and universities. The companies she serves range from fast growth private early stage to public and boards with turnover more than £ 1 bn. As an entrepreneur, Sherry established two businesses in the financial services industry. The first (acquired by Euromoney) has operations in more than 70 countries. The second (acquired by AMP) was floated in 2000 on London and Nasdaq and valued at more than $1 billion before being acquired.

Sherry loves working with great entrepreneurs solving problems that matter. Her current portfolio of interests include sitting on the boards of Cambridge University and Artfinder, the advisory Boards of Linkedin, Harvard Business School European Council, NESTA and Cancer Research UK. Her investments usually include ‘databases’, as a common theme. These range from movies (Lovefilm) to real-estate (Zoopla), energy consumption (Alertme), clean energy (New Energy Finance), water pressure (i20), investments (covestor), professional contacts (Linkedin), builders (mybuilder), to how to get pregnant by monitoring trends in body temperature (CTC). Her latest ‘exit’ was New Energy Finance (acquired by Bloomberg).

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Ben Holmes

Ben Holmes Index VenturesBen focuses on the software and internet sectors and has been actively involved with many of the firm’s consumer and media investments. He currently sits on the boards of Just-Eat, Mind Candy, Netlog, Notonthehighstreet, Rebtel, Stardoll and Shapeways. He was previously a Director of Playfish (Electronic Arts). Prior to joining Index Ventures, he worked at the NewMedia Spark investment fund, before becoming Vice President at EO plc, a Spark portfolio company in the consumer financial services sector. Previously he spent four years at OC&C Strategy Consultants, advising firms in the retail and IT sectors. He has a Masters degree in Engineering, Economics and Management from Oxford University.

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William Reeve

William Reeve, LOVEFiLM

William is a serial entrepreneur who has built and exited two leading internet businesses. The first, Fletcher Research, became the UK’s leading internet research firm before Forrester Research (NASDAQ: FORR) bought it in 1999. William’s second business, now trading as LOVEFiLM.com, grew organically and by acquisition to become the leading international online film rental business before Amazon acquired it (still in progress). At LOVEFiLM.com, which was backed by several leading venture capital firms including DFJ Esprit and Index Ventures, William served in a variety of roles including President, Managing Director, acting CEO and COO. William serves as Non-Executive Director with several other high-growth companies including Paddy Power (ISE:PLS), Zoopla, Graze and True Knowledge. A former McKinsey consultant, William has a first class Masters degree from Oxford University.

 

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Save the dates! Money in Mobile – June 14th and BLN Growth Forum – July 5th

Two events we have coming up that we thought would be of interest – Money in Mobile, June 14th and The BLN Growth Forum, July 5th. Both events are content rich and networking heavy though they have different foci (a) how businesses can make money from mobile and (b) building a sustainable technology business in the UK.

Our early bird discount runs to the end of April so you can save £ 200 off the full ticket price if you act quickly.

BLN Growth Forum RWs 2010 067

The BLN Money in Mobile Forum London, June 14th, 2011. This is a one-day conference to show how mobile can make companies money. The day will bring together ecommerce operators, software companies, technology businesses, retailers, agencies and brands looking to execute on their mobile strategies, alongside entrepreneurs, investors, corporate buyers and users of mobile technology. Our speakers, picked because of their expertise and experience, will discuss how companies are making money from mobile today. We will also hear from 10 hand-picked companies competing for our Money in Mobile Award to be given to the mobile business with the most potential to make money for customers.

Find out more and register: http://moneyinmobile2011.thebln.com/

The 2nd BLN Growth Forum Cambridge, July 5th, 2011. The day will feature some of the UK’s most respected technology entrepreneurs (including Warren East – CEO, ARM; Tim Weller – CEO, Incisive Media Group; Jonathan Milner – CEO, Abcam; Stuart Miller – CEO, ByBox) sharing the experiences, successes and mistakes they have made in building awesome companies. Themes include:

•             Finding and owning markets

•             Putting sales and marketing at the core of what your company does

•             Creating and scaling a winning culture

•             Maximising the value of your business through  IPO and beyond

For more information and register: http://growthforum2011.thebln.com/

As with all BLN events, the emphasis will be placed on interaction, debate and business development activity making the event much more than just the sum of all the participants. We hope you would like to come!

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Mobile user experience – less is more

As we heard at the last CEO tales from Sherry Coutu, Amazon is 20 times bigger than its next biggest rival. But why? Is it because of the competitive prices? Yes, but if you dig around the Internet on more specialist websites and are prepared to buy from abroad, you will find a better deal.

What makes Amazon so great is the ease with which users search, select and buy goods. I just bought a new book from amazon.co.uk and it took less than 10 clicks of my mouse to find and purchase the title. No one from the competition even comes close to this.

Additionally, there is plenty of information on the website, but it’s not overwhelming or intrusive and everything seems relevant to me, the customer.

The customer experience on Amazon is terrific – it’s just so simple to click away and buy whatever it is you like. Once you have an account, there are no additional forms to fill-out and very few cognitive overheads for the customer.

The importance of this lesson is even more important when designing your company’s mobile site. With smaller screens (and other distractions arising from being out and about) a great user experience on your mobile site may determine the success or failure of your mobile strategy. We should not forget that user experience is more important than ever for mobile users.

 

This really does present a lovely opportunity – get the customer experience right and your company could be making significant money through mobile.

The BLN Money in Mobile Forum will bring together industry specialists to discuss what makes a great customer experience and how to achieve it. We will be hearing expert opinions from, amongst others, Rob Jonas (InMobi), Nick Lansley (Tesco.com), James Gardner (Volume), Simon Davies (Snaptu), Sami Paihonen (Ixonos) and James Patmore (BOKU).

The Forum will take place on 14th June in Taylor Wessing’s HQ, London. Looking forward to seeing you there!

Register Now »

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You can sell anything online these days – Ark Royal on MOD eBay

It seems even the MOD is getting in on the act of auctioning off its old unwanted stuff.

Vessel ARK ROYAL R07

Ark Royal on ebay

Light Aircraft Carrier

Length: 210m

Beam: 36m

Draught: 5.8m

Current Displacement: 19000 tonnes

Estimated Metal Weight: 10000 tonnes inc. machinery

Estimated metal %: 95% steel

Location: HM Naval Base Portsmouth

I just love that there is an button. Shame it doesn’t work. Have they not heard of testing? Do they not want people to buy? Do they not care about user experience? Shocking.

If ever there was a good excuse to share a video of ridiculously posh people sitting on the bridge of a large boat making comments about rookie pilots landing on deck of said boat, this is it.

More information (and of course to make a bid), the sale page is here.

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