Apr 08 2008

Barcamp Sydney 3

Published by sethyates under Business

I spent a good portion of the weekend at Barcamp Sydney 3. This was my first Barcamp and first time to really jump in boots and all in the tech community in Sydney outside of the office (having come up for air from a very intense last 12 months).  Here’s my observations from the weekend:

  • Twitter was massive.  There were several of us tweeting incessently from the event, especially @NickHodge, @trib, @bananasontoast, @eskimo_sparky, and @kcarruthers amongst others.
  • The Data Portability session co-hosted by @liako was probably the keynote of the Barcamp.  Lots of great discussion.  I think the topic really struck a chord with the attendees.
  • Good Barry presented on their 5 startup lessons, main tip that stuck out for me was “don’t fine tune too early”.  Too true.  While I believe in measuring, you’ve also got to know when its too early to let rigour stifle something before it really finds its way.
  • Richard Hayes presented on “talking to rich blokes” (or something similar) - basically funding/pitching 101.  Good mention of Sydney OpenCoffee Meetup, which I had already planned on attending.  Also mentioned Startup Kitchen (can’t google any webpage), based in St. Leonards which sounds like an interesting “Y Combinator” style incubator.  Richard also mentioned “Women on Boards” to tap some top talent as well as “Information Memorandum” for early stage rounds.
  • @trib talked about his passion - social tools, language and enterprise 2.0.  Great talk (and great slides @trib!).
  • An interesting presentation of Project Pier which looks like BaseCamp, but you install it on your servers.
  • @liako presented on the Semantic Web, giving us a history of the Internet from the alphabet to Gutenberg’s Bible to HyperText.  Seemed to me that one of the biggest challenges with this would be the old bugbear of trust/reputation.
  • Finally, on Sunday afternoon there was a pitch session where local startups could get up and make their pitch.  Apart from one very good pitch by Richard, the rest confirmed my earlier post (Do Australians suck at pitching?).  Some weren’t even pitches at all.

All in all, the weekend left me feeling positive about the smart people in the tech industry in Australia and where it is heading.  We still have a long way to go to being competitive with places like Silicon Valley.  We need to work together more collaboratively as a community (entrepreneurs, innovators and angels/VC’s).  We need training/seminars to help entrepreneurs develop their business plans and pitches.  We need forums (like a Barcamp) where entrepreneurs, innovators and angels/VC’s can mingle like happens in the Valley.

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Mar 18 2008

Do Australians suck at pitching?

Published by sethyates under Business

Apparently, by most accounts…yeah.  Brad Howarth offers his reasons for thinking that we (they?) do in Australian Anthill - Why do Australians suck at pitching?.  Its a good read, so head on over, but his main reaons are:

  • We are not trained to present.
  • We are shy.
  • We do not do enough research on the audience.
  • We forget what we are doing.
  • We do not understand brevity.
  • We have no idea what we are doing anyway.

Having been on the receiving end of several web entrepreneur pitches over the last 5 or so years, I can relate to all of his points.  One particular example came to mind:  This entrepreneur pretty much ticked every box above. He came in and insisted that we sit while he read prepared notes (no slides, no eye contact, no rapport), starting with a recounting of our company and where we were positioned in the market. At least he got most of his facts right ;-)  I let him get a good two minutes into his shpiel before asking him to please get to the point. Poor guy.

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Apr 23 2006

Local Australian Online Auction Startup

Published by sethyates under Business

I met the founders of OZtion.com.au, a local Australian Online Auction startup last week. They’ve been running since January 2005 and already have 70,000 items online (eBay has on the order of two million items). It will be exciting to see if they “can do a Trade Me” in Australia, but they’ve got a big job on their hands with the 800lb gorilla in the room.

…I wonder what their Purple Cow is.

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Mar 14 2006

Building Your Own Start-up Technology Company

Published by sethyates under Development

No, I’m not going to proffer any sage advice because I’m still banging away trying to do this myself, but Dirk Knemeyer at Digital Web has a great article with some insights for budding tech entrepreneurs, including “Five Steps Before Making the Leap”:

  1. Test the business viability of what you want to do
  2. Decide whether you want to run your company solo, or enlist the help of business partners
  3. Set and articulate a vision
  4. Create a powerful identity
  5. If you are creating a services firm, try to start with clients you already have

Sound advice for any business, really, not specifically a Web 2.0 startup.

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