Surviving Outside Silicon Valley, FOWA October 2008

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Presentation given at the FOWA conference in October 2008 on the slightly flakey topic of "surviving outside silicon valley" (not my choice of title!). Accompanying video here http://events.carsonified.com/fowa/2008/london/videos/michael-galpert-andy-mclaughlin

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Surviving Outside Silicon Valley, FOWA October 2008

  1. 1. Andy McLoughlin Co-founder, Huddle.net
  2. 2. <ul><li>Not everything cool </li></ul><ul><li>comes out of Silicon Valley </li></ul>
  3. 3. <ul><li><eyy> </eyy> </li></ul>
  4. 4. <ul><li>How to survive </li></ul><ul><li>outside Silicon Valley </li></ul>
  5. 5. <ul><li>Silicon Roundabout circa 2008? </li></ul>
  6. 6. <ul><li>Is it bollocks. </li></ul>
  7. 7. <ul><li>How to survive prosper </li></ul><ul><li>outside Silicon Valley </li></ul>
  8. 8. <ul><li>Community </li></ul><ul><li>Team </li></ul><ul><li>Customers </li></ul><ul><li>Money </li></ul>
  9. 9. <ul><li>So, does London </li></ul><ul><li>make the grade? </li></ul>
  10. 10. Community?
  11. 11. <ul><li>DrinkTank, OpenCoffee, YC Hackers, FB Garage, Silicon Stilettos, Bootlaw, TechTerrace, TechCrunch Talk, Geektails, Internet People, Geekgirls, Swedish Beers, Minibar, Mashup*, Barcamp, First Tuesday, Glasshouse, OpenSoho, Pizza on Rails </li></ul>
  12. 12. <ul><li>Dreamt up at Le Web 07 </li></ul><ul><li>First event March 2008 </li></ul><ul><li>Attracts 120+ founders and investors every month </li></ul><ul><li>RSVP @ www.drinktank.co.uk </li></ul>
  13. 13. Team?
  14. 14. <ul><li>London = 7 million </li></ul><ul><li>Within 1 hour = 20 million? </li></ul><ul><li>Plus, plenty of talent now becoming available! </li></ul>
  15. 15. Customers?
  16. 16. <ul><li>Ready-made access to massive local markets that Silicon Valley can’t match: </li></ul><ul><li>Finance, legal, creative, advertising, fashion, music, construction, government </li></ul>
  17. 17. Money?
  18. 18. <ul><li>DFJ Esprit, Accel, Atlas, Eden, Index, Intel Capital, Wellington, Balderton, Advent, Atomico, European Founders, Spark, Pentech, Amadeus, SEP, Close, Doughty Hanson, 4ip </li></ul>
  19. 19. <ul><li>What about earlier stage? </li></ul><ul><li>Seedcamp, TAG, Straub Ventures, London Business Angels </li></ul>
  20. 20. <ul><li>But where are the other </li></ul><ul><li>British Super Angels? </li></ul>
  21. 21. Do we make the grade? Broadly, yes
  22. 22. <ul><li>But we want prosperity, not survival, right? </li></ul>
  23. 23. <ul><li>Take advantage </li></ul><ul><li>of your locality </li></ul>
  24. 24. <ul><li>Remember the </li></ul><ul><li>global market </li></ul>
  25. 25. <ul><li>Sales shouldn’t </li></ul><ul><li>be a dirty word </li></ul>
  26. 26. <ul><li>Don’t be scared to </li></ul><ul><li>get involved </li></ul><ul><li>in Silicon Valley </li></ul>
  27. 27. <ul><li>Relationships </li></ul><ul><li>Partnerships </li></ul><ul><li>Networking </li></ul>= WIN
  28. 28. <ul><li>How to survive prosper </li></ul><ul><li>outside Silicon Valley </li></ul>

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