Thank you for being with us for the eighth month of our new blog. In case you missed them, here is a recap of our posts from September.
Last month, we concluded our Commercialization Ecosystem series and launched two new series, Technology Marketing 101, which features anecdotal stories about how a successful marketing program was developed, executed and measured, and A Startup’s Story, which will explore individual startups as they work to bring their technology to market. We welcome your feedback.
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As part of our series examining the ecosystem necessary to bring technology to market, we asked veteran technology executive and investor Ron Weissman to share his thoughts on how startups can achieve success. This is the next of his commentaries and we welcome your comments.
By Ronald Weissman
The setting: A buffet line at a Silicon Valley VC pitching event. An entrepreneur, not on the program, recognized me as a VC who had heard his pitch before.
The action: The entrepreneur drags me out of line, insists that I see his demo NOW! and corrals me into a corner, balancing his laptop on a stack of cartons.
“Ok, you’ve got my attention,” I sigh, with more than a hint of annoyance.
He launches into a demo of a complex app doing who knows what on screen. “See,” he says, “it all works, just like I told you it would!”
“Uh…,” I sputter, “what exactly am I looking at?”
“My app,” he says, “the one I told you would revolutionize multi-application business collaboration!”
In his mind, simply witnessing his demo will instantly convert me from a skeptic into an investor. In my mind, I can fake an urgent call (the surest way to flee a tedious demo) or be polite and suffer in silence. Holding a lunch tray, I can’t readily grab my phone, so, once again, I resign myself to the latter course – death by demo.
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This is the first article in a continuing monthly series that will chronicle the growth path of CommentAir Technologies, a startup based in Ottawa, Canada. CommentAir is developing a wireless technology fans can use at sports venues to receive the same real-time commentary as fans watching from their televisions, a wireless technology that also creates a platform for targeted consumer interaction. We invite your feedback.
By Francis Moran and Leo Valiquette
Siblings Katie and Luke Hrycak are in that category of entrepreneurs who could be called reluctant innovators. They found themselves in the midst of a problem they felt compelled to solve.
That problem was the quality of the experience in attending a major sporting event live versus watching it on television. They both found themselves dissatisfied with the experience of attending NHL games and UFC matches. Why? Because fans at the event can’t hear the live commentary.
“The question became ‘Why don’t fans have the commentary at the game?’” said Luke. “Can’t we combine both the audio and visual experience of sports? We believed that fans want and need a special feature that will enhance whichever sport they enjoy most.”
But neither Katie nor Luke had an engineering background. They were starting at zero in terms of having a product design, startup capital and any kind of market validation beyond their own fan experience and that of their friends.
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This is the first article in a continuing monthly series that will chronicle the growth path of Screenreach Interactive, a startup based in Newcastle upon Tyne in England’s North East. Screenreach’s flagship product, Screach, is an interactive digital media platform that allows users to create real-time, two-way interactive experiences between a smart device (through the Screach app) and any content, on any screen or just within the mobile device itself. We invite your feedback.
By Francis Moran and Leo Valiquette
We first encountered Screenreach Interactive and its founder, Paul Rawlings, several months ago when we featured Jon Bradford, the man behind U.K. startup accelerators The Difference Engine and Springboard.
Rawlings and Screenreach completed the first cycle of The Difference Engine’s 13-week program in 2010. When we asked Bradford for an example of a successful graduate from that program, he was quick to sing Rawlings’ praises.
“He was not proprietary about his ideas, he was very open to new suggestions, new directions and wasn’t wedded to, ‘Look, this is what I’m doing and I’m not going to listen to anybody else,’” Bradford said.
“I think having an open mind, being able to listen, to react in a positive fashion was probably the making of him. He was also not very selfish about bringing in other team members, making sure he had a good team around him beyond the program itself. One of his mentors (Sam Morton, pictured right in the photo below with Rawlings) became one of his members of staff.”
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This is the 32nd article in a continuing series that examines the state of the ecosystem necessary to successfully bring technology to market. Based on dozens of interviews with entrepreneurs, venture capitalists, angel investors, business leaders, academics, tech-transfer experts and policy makers, this series looks at what is working and what can be improved in the go-to-market ecosystem in the United States, Canada and Britain. We invite your feedback.
By Francis Moran and Leo Valiquette
While there will no doubt be the occasional post that will still fall into the Commercialization Ecosystem category, today marks the official end of this series with which we launched our new blog back in February. Next week, we will introduce several new series, but first, let’s conclude our three-part recap of what we have learned about getting technology to market.
Two weeks ago, we began with insights and practical advice on securing investment capital and finding champions to help get your technology to market. Last week, we continued with commercializing university IP, the value of mentor capital and what it means to be lean. Today we conclude with the strategic role marketing must play from day one of a startup, engaging with your community and what role government should play.
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