Event: iV Tuesday – Alex van Someren – The harder I work, the luckier I get!

I’ve met Alex van Someren a couple of times before in his role at the Amadeus Seed Fund, and although I’ve read his bio before his talk this evening really brought his story to life – I thought I’d share some highlights, not least because I love the title:

The harder I work, the luckier I get! 

I think this really captures something important about entrepreneurship,  Any young company needs some luck to succeed, but “luck” tends to turn up for those who are out creating opportunities.

To summarise Alex’s story very briefly:

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Guest Blog: Enterprising women

Ruth StevensonOn 5th March I attended the Enterprising Women Panel at the University of Edinburgh Business School, which an international Women’s Day event.

The speakers were women who had set up successful businesses:

  • Tanya Ewing (co-founder of Tayeco and inventor of Ewgeco)
  • Kirsty Burnham (co-founder of SoLoCo)
  • Norma Corlette (Founder of Corlette Consulting and Co-founder of Communities Online)
  • Rachel Jones (founder of Totseat )
  • Dr Omaima Hatem (Event chair – Early Career Fellow in Entrepreneurship & Innovation, UEBS)

I’ve listened to many entrepreneurs speaking about their businesses but somehow there was something different about a panel consisting entirely of women.  Not just that this was unusual in itself, but also in the manner in which they approached things and the perspective that they held.

First and foremost, the enterprising women were unassuming and self-deprecating:

“I’m just an ordinary person, I’m nothing special at all”

“There’s people sitting at home that could have done it better than me, the only difference is that I went out and shouted about it.”

Despite this, the enterprising women were very passionate about what they were doing and the panel spoke about being prompted to start their business by life events and things that they cared about deeply.  Families featured heavily in the discussion, as did the importance of inventing something that would make a difference to real people.

What the women emphasised was that they wanted to inspire others to do what they had done themselves, and it was certainly inspiring to step outside the usual male-dominated suit-dominated environment and hear the stories of enterprising women who had succeeded on their own terms.

Phil Anderton – Saltire Foundation Masterclass

Phil AndertonTonights Saltire Foundation Masterclass speaker was Phil Anderton – a man with an illustrious career in marketing and as a CEO.

A few things that he said really stuck with me, so I thought I’d share them.

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The Ascent of Archangels

Barry SealeyBarry Sealey, founder of Archangels, was the speaker at tonights iV Tuesday event.  His story is fascinating.

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Friday Link: Global Ambitions

I had to miss this event, but fortunately Dug Campbell at MBM Commercial has done a great write up:  http://www.mbmcommercial.co.uk/startup_blog?id=217&tmp=2-217

 

Event: Book Now for StartupSummit

StartupSummit

The StartupSummit 2012 event in November looks excellent – I’ve just bought my ticket and noticed that the early-bird discount only has another few days to run…  Get in there quick if you want to take advantage!

Full details and online booking are available on the StartupSummit site.

Coming Soon: An Entrepreneur’s Guide to Rewarding Staff and Paying for Services with Equity

I am very pleased to be able to announce that in collaboration with MBM Commercial and Chiene+Tait Chartered Accountants, Salient Point will shortly be launching its first eBook:

Equity – A Resource for Startups

An entrepreneur’s guide to rewarding staff and paying for services with equity

For a long time I have found it difficult to pull together information on how startups can use equity effectively, as much of the information online is confusing and highly technical.  Dug Campbell (MBM), David Collier (Chiene+Tait) and I have invested time worth thousands of pounds in preparing this guide, and now we are offering it to the startup community because we believe this information should be easily available to founders and their advisers.

NOTE the event we had planned to launch at has been postponed – new details below:

The launch will take place at the Tech Law for Startups event Don’t be Haunted by Startup Howlers in Edinburgh on 22nd November.  Come along for an evening of great advice and networking, and to get a FREE copy of this valuable guide!

Event: Aluminate

Last night was the Saltire Foundation’s annual Aluminate dinner.  A chance for Alumni and supporters of the Foundation to get together for entertainment, networking, and to raise much-needed funds for the Foundation.

The whole Salient Point team of Fahd, Ruth and mysefl was there, along with some of the people we work with, and we were very pleased to be able to support the event.

Salient Point is marketed primarily through networking and word-of-mouth, so it was a rare treat to see our logo on the big screen behind the speakers at such a prestigious occasion.  A huge thank you to everyone at the Saltire Foundation who made this wonderful evening possible – and in fact for everything that they have done for me.  I would not be where I am today without the Saltire Fellowship.

As always with Saltire Foundation events the energy and enthusiasm in the room was amazing, and there were a huge number of inspiring people to meet and learn from.

Saltire Foundation Chairman Peter Lederer speaking after dinner.

For more information please visit the Saltire Foundation website or if you would like to donate to this wonderful charity you can visit the Saltire Foundation JustGiving page.

 

 

Event Report: Young Company Finance Annual Conference

I spent today at the YCF Scotland Annual Conference at Stirling Management Centre.  This is the first time I have attended as I have kept having diary clashes.  It was the 10th annual conference and it was sold out with a wait list.  I now see why.  There was an excellent collection of speakers and a very high quality audience for networking.

The title of the event was “Early Stage Investing:  Where Are We Now?”.  The speakers addressed this question, and also talked about things we could aim to do better in the future.  I’m probably over-reaching by attempting to summarise a day of complex and insightful discussion in a few bullet points, but there are a few themes I would like to draw out.

  • We should be proud of the Angel Investing community we have in Scotland, which is truly world class and is being widely emulated.
  • The dotcom bust in 2001 and the global crisis in 2008 have left the risk capital markets in poor shape.  IPOs are all but impossible and exits are only now starting to recover.  Fund managers aren’t investing in VCs and VCs are moving to later stage to reduce risks.
  • Ideas are not fundable by Angels or VCs, only companies with real customer traction are getting money.  This means that companies must find ways of being lean and supporting themselves until they have that customer traction.
  • Getting VC money into Scottish companies is hard, with few local VCs.  Where companies have taken Angel money, this tends not to be compatible with taking VC later although there are exceptions, especially in biotech and life sciences.
  • As a community, we can act ourselves and try to influence policy to improve the situation – such efforts are already underway.
  • New opportunities such as SEIS and Crowdfunding continue to develop, and companies need to learn to exploit them in an appropriate way

There was so much good content at this event that I’ll definitely be posting more from some of the speakers later.

I want to thank Jonathan Harris at YCF for all his hard work organising the event, and all of the speakers for taking the time to share their thoughts.  The day was interesting, educational and thought provoking.  I’ll certainly be putting a lot of what I heard to good use in the near future.

Blurring the boundaries between technologist and marketer

Event report: Edinburgh International Marketing Festival

Creativity and innovation are fundamentally interlinked.  Creativity contributes to innovation, and innovation contributes to creativity.

Edinburgh International Marketing Festival’s Innovation in Marketing and Communications afternoon commenced with the assertion that the marketing sector has a lot to learn from Silicon Valley.  These days marketing isn’t all about persuasive adverts and fancy metaphors.  These days marketing and branding are intrinsically tied up with the product and the technology.  The marketing crowd were told that – like technologists – they need to come up with ‘products’ that are forward looking, commercially focused and always in beta.

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