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Hello again! I’ve spent the last month in a dark cave, a cave devoted to a mission, a mission to make an Edinburgh startup successful through a trade show in Las Vegas. Not just any trade show, but the Consumer Electronics Show (CES), an annual extravaganza for the technology industry where dreams and hope go to be discovered! They also go to watch the newest 3D Televisions and play the latest video games, but that’s just a distraction. As was the Adult Entertainment Expo conveniently taking place at the same time, but nevermind.

I really should have done a better job reporting live from CES, and apologies for not having managed, but I felt absolutely consumed by the whole experience (consumed… get it?). On the last morning, I could not find the strength to eat half a bagel – and believe me I am a big eater! Yet on that very afternoon I managed to speak with 8 distributors spread across the biggest exhibition space I have ever seen. Physically I was exhausted, but mentally I was determined. (more…)

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The Challenge
In startup environments, time and money are usually scarce resources – even if technical expertise or business acumen are not.  Staying focused on a core product can be crucial — and being able to pick up existing tools or technologies can be a great advantage.

Open source software can provide a neat fit – though it’s important to run up-front analysis to make sure that clear benefits exist. (more…)

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You want to write the perfect application; so you don’t apply.

You want to produce the perfect article; so you don’t write.

You want to make the perfect pitch; so you don’t take up the opportunity to present.

What’s the difference between (more…)

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Got a problem you’d like to share?  Why not let us soothe you with an opinion or two, StartupCafe-style?  Being an entrepreneur can be lonely at times – you’ve got to keep your self-belief and motivation when those around you succumb to doubt or don’t quite ‘get’ your vision.  Let us be an online shoulder to cry on.  Perhaps you’ve just started working for a small start-up and find it’s not quite what you expected…tell us about it and we’ll see what nuggets of wisdom we can share.

Problems may range from the serious:  “So I’ve finally got customers but can’t seem to extract money out of them for services/goods provided.  How can I get them to pay without damaging the relationships I’ve worked hard to build?”  to the deliciously absurd: “My boss thinks he’s a hamster and I’m concerned about the impact that this is going to have on our company…should I raise this as an agenda item in the next team meeting?” (more…)

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I was at an event recently when I got talking to a guy who said that only when you’ve started a business and after it has failed should you then be called an entrepreneur.  Now I understand that he’s highlighting that failure can be valuable in providing important lessons but is it necessary to fail before you can be described as an ‘entrepreneur’?

At school I was taught that the key feature that differentiates an entrepreneur from your average human was the ability / willingness to take risks.  At the time I think the focus was on the financial risks accepted by the entrepreneur – the amount s/he invests, takes out in loans, the assets used to secure loans etc.

But what about the other risks?  Risk to reputation of failure; risk (more…)

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One of the earliest tasks of any startup is deciding on a name. Naming your company has some serious considerations: can it be trademarked? is the domain name available? what do people think of when they hear the name? and more importantly, can you live with “Hi, I’m [your name] and I’m the CEO/CTO/COO of [your company]?

After asking various people, and reading the information on the internet, it seems that the conventional wisdom seems to fall into three camps:

(more…)

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Lock the money up, or get it invested?In light of our current situation and lessons learned across the Atlantic, what is Scotland to do? The final piece of our Venture Capital and Public Policy series from Michael Clouser. We hope you feel a bit more enlightened and sufficiently armed for any government policy discussions during Entrepreneurship Week (and beyond!). If you have any further thoughts, questions, or points of view, by all means chime in by adding your comments below.

INCREASING THE SUPPLY OF VENTURE CAPITAL THROUGH POLICY

Learning from the US example, the government can enact policies to increase the supply of risk capital in the Country (used interchangeably to mean either devolved Scotland or the UK – while their powers are different, the issues are basically the same).

Tax Policy is OK, but Not Enough:

Tax policy can help. Already this has happened in the angel market, with tax benefits for these investors who are part of venture capital trusts. However, tax policy is but one option. It hasn’t yet been able to (more…)

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Wait, so where'd these come from?This weekend, as we mentally prepare ourselves for Entrepreneurship Week (16-22 Nov), we bring to you a 3-part series on driving startup activity in Scotland. With an understanding of the Silicon Valley’s roots below the surface, Michael Clouser offers insight on what it will take in Scotland to better support high-growth companies.

The case will be delivered in 3 sections:

Today: The Rise of Venture Capital in the US: An Unintended Consequence

Saturday: Why There aren’t More Startups and Technology Companies of Size in Scotland

Sunday: Increasing the Supply of Venture Capital Through Policy

We guarantee that by Monday, we’ll have you prepared for any discussion or debate on government policy, startups, and driving Scotland forward with its existing assets. Thanks to Mike for sharing his work with us.

VENTURE CAPITAL AND PUBLIC POLICY: HOW TO DRIVE START-UP ACTIVITY, INVESTMENT, AND ECONOMIC GROWTH

Americans often deny that government intervention is a good thing in the entrepreneurship and venture capital game. Most of them believe that the growth of the venture capital industry and the high growth technology start-up phenomenon was the result of some sort of pure capitalistic forces that were devoid of any sort of government intervention. That is simply not the case. (more…)

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A proud geeky flat collection - Apple, LG, and Amazon (incorporated into a face)...Halloween is a chance to let your wild side out for a night with no explanation and no apologies needed. Well okay, that may be most weekends at Potterrow, but there’s a very diverse range of self-expressions on the 31st October that does not emerge on an average party or fancy dress occasion. As I see it, there are three defining elements to this fantastic holiday: the candy, the costumes, and of course the pumpkins.

The candy tradition seems to be largely overlooked in the UK, with the exception of six 10 year old children that wound up raiding our kitchen for anything edible and sweet (we refused to let them tap our alcohol stash – what is up with kids these days?). The costumes here were in full swing though, and I loved seeing pirates, puppy dogs, Teletubbies, and black eyed peas (yes, the beans) all celebrating at the same event. However, what I love even more is the rising coolness of technology-related ensembles: (more…)

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We're trying to get one of these... to make us better, and help you more!http://survey.io/survey/6c9ad

We have the privilege of attending a workshop tomorrow with Sean Ellis, a startup marketing guru visiting us from the Silicon Valley.

His talk tonight at E-Club was fantastic, and I’ll pause tomorrow evening to write up some of the wisdom and stories he shared with us.

I could really use some quick help though in the meantime. In order to offer you the best content here, we need a bit of a reality check on our current activities.

We’d be delighted if you can spare five minutes for this helpful little survey for us: http://survey.io/survey/6c9ad. Before noon on Thursday would be amazing, but later is still useful too. In exchange, we’ll do our best to save you hours of confusion and frustration by making events and resources more easily accessible.

Hugely appreciate your help, thank you!

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