Vijay Anand | The Startup Guy.

Posts Tagged ‘europe

There is nothing new under the sun. Nothing Whatsoever. Ideas are just evolved from one form to another to adapt and wear a new dress.

I often used to quote the phrase that “Ideas are worth nothing. Implementation is all that matters”. Its true, but it also frustrates a lot of people who think they have fabulous ideas in their hands. I don’t spell it out as much anymore, but I have figured out much easier ways to get that same point across.

A couple of months ago, I was introduced to a guy named Sian, the brains behind an event named Alpha Summit that used to happen in Europe. It was almost like Proto.in, except that their focus was slightly different. They focused on Tombstone companies. Companies which would have died, if not for that boost that an event brings together. They succeeded a bit in what they did, but turning around a company is no one day matter, it takes months and years to turn some companies around, and hence the Alpha Summit is no more. But the thought has stayed in my mind, that some companies simply are hatching ideas that are way ahead of its time. If the timing is right, and if it is repositioned, there is a chance for a miracle. Heck, if we have already categorized them as a tombstone, why not give it that shot? That’s been a thought in my head, as we are also looking at ways to evolve where Proto.in stands right now. But this thought goes beyond that.

When I first heard from Arun Katiyar, the concept of an Event Web, I was quite amused. It’s true, our life is a sequence of events, and an “event-web” as he put it, makes a lot of sense. SERaja was a company for which the visions came from Rajesh Jain and Ramesh Jain. Ramesh has published a paper on the same concept. They were one of the companies that presented at the first edition of Proto.in. Unfortunately, it seems that they didnt manage to build traction as they hoped to, but then just recently I heard a very similar pitch. It came from Dandelife and Lifeblob. Timelines, events, blogs, friends and how everything is interconnected.

While SEraja had complicated the implementation a bit my mixing multimedia content and such, and also adding the complexity of mobile phones and such, Lifeblog is taking the incremental step of taking blogs, appealing from a point where everyone is comfortable and taking it from there. To be quite honest, I signed up, found a fair bit of friends there and am still trying to figure out how well it works. I haven’t made too many posts there, given that I can barely keep my facebook, blog and twitter updated – let alone a lifeblob. But if you haven’t already succumbed to so many social networks, it does make sense to stick to that.

One of the oldest ideas that makes me remember of the phrase that Ideas are immortal is how Location-based services are coming up. LBS had the imaginations of people lighted up and quite a bit of rave imaginations I must say, were running behind what it could possibly do. Five years ago when I was bootstrapping a venture, we explored around that, lobbied with the canadian govt to give us location data and were shooed away. Fun times. But today companies such as bangalore-based Yulop are digging that old grave up and bringing that dream to life – atleast the hope of such dreams back to life.

Most often timing, and the wrong timing is what kills an idea. VoIP still hasn’t taken off, because people really don’t know what to do with it beyond making phone calls, and the infrastructure cost that goes into it is so darn expensive that it doesn’t justify the phone calls as a function or feature. VoIP will die its death in this timeline, but will come back again. Perhaps when 3G becomes prevalent and demand pushes need and applications and services are born, a revival might come in place.

Quite a lot of folks ask me whats a good idea worth exploring. It is quite interesting to note that the “ideas to toss” section of this blog is one of the most popular ones, apart from the controversial ones that come up from time to time. People are looking for ideas, and thats a statement. Sometimes, in order to look into the future, you just have to look at the past and see what has died before its time, and perhaps give those tombstones a new leash on life.

If you want a hint and a springboard, go right ahead to the deadpool section of Techcrunch and see, what you can dig up, and where you can play the part of a necromancer (Oh the Diablo playing days!)

More Links to Click:
Startup North
Startups that came back from the Dead
Michael Arrington Seeds Dead Startups.
Y Combinator List, with Lots of Dead Startups

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Seems like we are not the only set of folks who are wanting to fix the problems we see around us and build a “sustainable” atmosphere around us. There is a post by Ryan who runs FOWA taking a stance against the Web Mission effort that is getting organized by the UK Government and quite a fair list of heavy weights, including Techcrunch. I think this post is important to observe for a couple of reasons.

The striking similarities that we hear from folks around us in:

1. Thinking that the Silicon valley for some reason offers more opportunities.

2. Europe just like India, in most cases, seems to think that you only get funded if you hit the valley. Atleast we aren’t that bad. We have much more easier access to capital.

3. There are folks like FOWA (Future of Web Apps) who are trying to build a vibrant community of users, developers and startups in Europe, very much like how we are working on the same – with arguments that they have “everything that they require right there”

4. There are also people, most of them, who seem to think that the UK companies should be looking into the valley for users and potential exit strategies.

I’ve been working on a post that shows a snapshot of interaction between startups, venture capitals and the markets from across the globe – the valley, Canada, Australia, Europe and India. You’d be surprised how similar most conversations are. Trust me, things are not so hard because we are in India, neither too easy because we are here. We are just facing the same harsh realities as anywhere else. Perhaps the world is flatterning. Huh! who thought I’d agree to that, so easily!

I’ll leave you with this comment by Phil Bradley in that post, which just gets the message home without any explanations:

“The equity gap between seed and series A that plagues the UK will not be resolved if we can’t demonstrate maturity and ability to build profitable businesses.”

Paul Graham has written a recent article where he is wailing and moaning on the same topic. And I think he lives in the heart of where the action lies.

To Quote Paul from his Article, “I used to think of VCs as piratical: bold but unscrupulous. On closer acquaintance they turn out to be more like bureaucrats. They’re more upstanding than I used to think (the good ones, at least), but less bold. Maybe the VC industry has changed. Maybe they used to be bolder. But I suspect it’s the startup world that has changed, not them. The low cost of starting a startup means the average good bet is a riskier one, but most existing VC firms still operate as if they were investing in hardware startups in 1985.”

That just eerily sounds like the issue we face here.

PS: I haven’t thought through this yet, but I believe this only applies to Internet/Media related startups.


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