Sunday, 28 November 2010

Diary of a Start-Up: Choosing a partner

Having worked in Venture Capital origination, I have been fortunate to grow a fairly reasonable network. I have come to the obvious realisation that I need to look at pulling a team together. The notion that each man is an island is nonsense – no business can get off the ground with the inputs of just one person. Selecting a partner is an incredibly tricky business. Do they have the right experience, do they have a solid background, are they progressive thinking, optimistic... the list is endless. But when it comes down to it, like most things in life, you often know the answer to your own question before asking it.

Saturday, 20 November 2010

Diary of a Start-Up: Pushing the concept into reality

Having researched fairly extensively online, I couldn’t find a similar business that fused all of the elements that will potentially make this business a success. That is fantastic news and it’s a good feeling to know that the idea is progressing.

Thursday, 18 November 2010

Diary of a Start-Up: Mulling over the concept

Having a good idea is like when you see the girl of your dreams on a train – your heart rate quickens and you get that butterfly feeling in the pit of your stomach (maybe that’s just me though!). When your lighbulb goes off, everything seems possible – you will make the business grow, attract a huge customer base, create jobs, create a company culture, become profitable – sell the business and retire to Monaco! All of those thoughts and more flash through your mind in a micro-second and then it hits you – this is JUST an idea. It’s likely that 1,000 other people have the exact same idea and are at the exact same stage as you – in a nutshell – nowhere.

Tuesday, 16 November 2010

WhatsApp!!

There are not many technologies that I immediately "get". Even in my more impressionable years, one had to struggle to convince me that a platform was relevant. Take peer-to-peer file-sharing for instance. That band-wagon was jumped on by all my peers worth their salt but I resisted. Many iterations later, we have the torrent sites and god-knows-what out there that enable copyright theft. All fun and games if you do not mind the occasional censure from your local authority or the trojan file embedded onto your system.

Friday, 12 November 2010

Diary of a Start-Up: An idea is born

The tech world can often get carried away with itself, future proofing this, mitigating that and has been prone to look forward in my opinion, too progressively. Over innovation has been the downfall of many a venture – sometimes a concept can be just too ‘out there’ no matter in reality, how great it really is.