Category: Startup Page 1 of 2
Last week over 1000 foreign guests and I arrived in Tallinn for the Estonian ICT Week (27 May -3 June) including the “Industry 4.0 in Practice” conference and the “Green IT” seminar. I will write several blog post from my experience, but as a first taste, I will share a video with some of my pictures from the “Green IT” seminar and beautiful Tallinn.
ICT sector has been one of the most important industries in Estonia, starting with governmental e-services and ending with Estonian startups that are proved to have a global mindset.
Estonia is a tech advanced and agile society that gets things done fast. Therefore, a big effect is expected by encouraging the industrial and ICT sector to work together locally and internationally.
Recently, Malwarebytes, an internet security company founded in the US enlarged their office in Tallinn, because of the excellent location and awesome IT vibe. People from different corners of the world are traveling to work in Tallinn, and they expect to have 60 people in the office very soon.
If you want more information about moving your company to the heart of Europe or investing, you should contact Estonian Investment Agency (EIA), a part of Enterprise Estonia, is a government agency promoting foreign investments in Estonia and assisting international companies in finding business opportunities in Estonia.
If you want to learn more about opportunities in Estonia, you may enjoy my post “9 reasons for doing business with Estonia”.
By Berg Moe, posted originally at LinkedIn Pulse, June 5, 20.
Pictures: Berg Moe. LinkedIn profile at https://www.linkedin.com/in/bergmoe
This talk I gave at a local TEDx event, in Bergen produced independently of the TED Conferences. I am talking about the present and future of entrepreneurship in Norway and try to examine the challenges of Norwegian startup companies on the entrepreneurial scene. Why is it so hard for startups to survive and grow is such a rich and prosperous Scandinavian country?
I am working on refining this lecture and on a book focusing on challenges Norway have ahead, so all feedback and comments are of high value for me.
Eric Ries is an entrepreneur and author of the New York Times bestseller
The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Business, published by Crown Business.
He serves on the advisory board of a number of technology startups, and has consulted to new and established companies as well as venture capital firms. In 2010, he was named entrepreneur-in-residence at Harvard Business School and is currently an IDEO Fellow. Previously he co-founded and served as CTO of IMVU, his third startup. In 2007, BusinessWeek named him one of the Best Young Entrepreneurs of Tech. In 2009, he was honored with a TechFellow award in the category of Engineering Leadership.The Lean Startup methodology has been written about in The New York Times, The Wall Street Journal, Harvard Business Review,Inc. (where he appeared on the cover), Wired, Fast Company, and countless blogs. He lives in San Francisco.
Startup Weekend, whose mission is to kickstart and foster startup communities worldwide through events and networking sessions, had a very lively 2011.
According to internal statistics shared exclusively with TechCrunch, the organization held a total of 260 events in 202 cities, in 67 countries (you can find the obligatory accompanying infographic below).
All in all, the ‘startup weekends’ attracted some 21,316 people, who collectively formed 2,817 teams.
Startups that were incubated at its events raised at least $30 million in outside funding in the course of last year, although Startup Weekend CMO Joey Pomerenke tells me there were probably more fundraising rounds completed that they simply don’t know about yet. Read more…
An EU court adviser said on Tuesday that copyright protection cannot be claimed on software functions. The implications of this statement are huge, especially considering the fierce parent wars currently consuming the mobile world. Reuters reports:
The non-binding opinion by Yves Bot, an advocate-general at the Luxembourg-based EU Court of Justice (ECJ), is in line with a verdict reached by the High Court of England and Wales in July last year. ECJ judges will rule on the case next year. SAS Institute took legal action against World Programing Ltd (WPL) in 2009, saying the British software company had infringed its copyrights by copying its programs and manuals — even though WPL had designed its products without access to SAS’s source code.
In my personal opinion, the decision this adviser made should be heavily considered by not just EU judges, but US judges as well. Why is that, you ask? Companies like Apple are patenting things left and right without having really invented anything. I can see someone patenting a new physical mechanism on a device, but to patent software ideas is just silly, as they’re usually obvious aspects of a software program. In addition, software patents essentially disrupt the innovation that keeps software from evolving into its next useful iteration.
This company has signed a contract with Lerøy Vest to build a “Extended Smolt Farm”. The Preline Fish Farming patented technology solves all the known problems in this industry and promise no lice, reduced feed cost, higher growth rate, more muscle, reduced fat rate, reduced mortality and increased capital turnover. We think they can be a game changer in an industry with high growth potential if the environmental issues are solved.
Lerøy Seafood Group is the leading exporter of seafood from Norway. The Group’s core activities are distribution, sale and marketing of seafood, processing of seafood, production of salmon, trout and other species, as well as product development. Operating revenues in 2010 was 1,5 billion USD.
ReportGrid, a recent graduate form the 2011 TechStars Boulder class has just raised a seed round in the amount of $750,000. The company, a data analytics as a service offering, is notable for powering its API for analytics and reporting through a cloud-scalable database and visualization engine.
Principal investors in the round included Launch Capital, David Cohen, Walt Winshall, Doug Derwin, and Ed Roman. Read more…
Startup Weekends are weekend-long, hands-on experiences where entrepreneurs and aspiring entrepreneurs can find out if startup ideas are viable. On average, half of Startup Weekend’s attendees have technical backgrounds, the other half have business backgrounds.
If you’re starting a company, one of the most important decisions you’ll make early on is the selection of a co-founder. Some might advocate just “going it alone” because finding a great co-founder is hard and fraught with risk. It is hard and it is fraught with risk. But going it alone is harder — and riskier. Startups are very challenging and having someone to share the ups and downs with, to be a great sounding board for ideas and to just help get things done is immensely valuable.
One additional thought: I’m an introvert. I don’t enjoy being around people very much. If you’re like me, the notion of just doing something all by your lonesome might seem appealing. And, it is — but I think it’s a mistake. Even for introverts, having someone on your side is useful and fun.
Read more at OnStartups.com.
There are roughly 265,000 active individual angel investors. If you want to go the route of tapping an angel network — a group made up of up to 150 individual investors who pool their finances and share the due diligence work — there are more than 300 of those. In short, there are lots to choose from and they’re ready to invest. The challenge is finding the right angel investor for you and your business.
What a lot of founders don’t realize is that not all angels invest for the same reasons. Backing a startup is a bit like shopping for a car: Do you want a sports car that does zero to 60 in four seconds? A dependable sedan? A Prius that appeals to your environmentally friendly side? Keep in mind that monetary gain may be a secondary reason for some investors.
Here are three of the most common types of angels and what motivates them:
• Hedonistic angel investors are attracted to what they perceive as exciting ventures, seeking the thrill that comes with risk and innovation.
• Angel investors looking for a significant ROI seek companies that have the likelihood to be bought out by a large corporation or the ultimate prize of going public.
• Altruistic angel investors are motivated by a desire to support new companies and entrepreneurs, community development, and job growth.
• Start by researching the backgrounds of individual investors to identify their motives. Once you know what they’re looking for, here are five more things you should take into account before you approach them:
1. The investor’s experience. Most angel investors are not only looking to provide their money, but their insight and guidance as well. You can bank on the fact that they will probably want to be involved with your company should they decide to fund it, and thus selecting an investor with market-specific experience makes it easier to speak the same language.
2. Geographic location. Investors in close proximity to your business are more likely to invest because it makes counsel easier. It is not a coincidence that in venture capital, most VCs are in New York, Texas, and California because they’re close to the action. Investors like to grow where they’re planted.
3. Rate of return. Does your projected rate of return meet their objectives? Does your company have the potential to pass their investment criteria? Each investor has different requirements.
4. The needs of the market. Investors always evaluate the market’s needs and consider whether your product or service will carve a niche for itself. Can you demonstrate vast growth potential, uniqueness, and an unfair competitive advantage? An investor is looking to see if you’ve done the research to show that you can make it happen.
5. Their investment portfolio. Investors have a comfort zone. Investors’ past actions guide their future decisions, so the most likely fit will be with someone who has previously invested in opportunities similar to yours. Even within the technology sector, some investors prefer to see innovative applications of existing technologies as opposed to brand-new technologies.
By Mary Goodman and Rich Russakoff, BNET – CBS Interactive Business Network