Tech CEO Round Table Discussion

I (NS20) hosted a round table discussion yesterday at Horwath Clark Whitehill’s offices in Manchester. This was an by invitation only session with no none tech CEOs. Prior to the kick off, Ed French of EV Group (venture capitalist) dropped in to have coffee, and later on, Steve Livingston from HorwathCW dropped into join the conversation.

The participants were:

  1. Duncan Stockdill – Javelin CRM
  2. Katrina Delargy – Tiyga
  3. Craig Taylor – Thingymail
  4. Richard Francis – Makeurmove.com
  5. Manoj Ranaweera – edocr.com
  6. John Brickley – Whamoosh.com

Whilst the contents of what was discussed remains confidential, there are few issues worth bringing out in summary form:

  • Venture capital – one company is actively looking for capital, one do not want capital and others do, but feeling not ready to pitch.
  • Invstment readiness – everyone except the company who does not want capital, felt that an investment readiness programme would help them give the confidence to pitch and take venture capital seriously
  • Boot strapping – it came out some of us are experts at boot-strapping. There were lot of ideas exchanged including how to survive with small grants
  • Tool kits – More and more of us were using free and low cost  SaaS products to increase operational efficiency
  • Cash collection – paypal was seen as the worst solution for cash collection. Credit card payment seem to be the way forward, but recurring payments seem to be causing problems for some.
  • Everyone was willing to help each other.
  • Lack of a full management team seem to be a problem for most except in the case of one.
  • Some felt survival was the first objective, but all agreed that the focus this year is revenue growth.
  • All agreed the opportunity was worthwhile repeating

I (NS20) will be looking to host another simiar event in April. If you are interested in attending, drop me a line for consideration. Rules, if you are looking for them, here goes…

  • My decision is absolute, but I can be bribed – beer is not sufficient!
  • You must be generating revenues (that means clients and not advertising) and have a commercially available product
  • No NDA will be signed
  • What is discussed will remain confidential except a summary output such as above
  • It will help if you are a paying member of NS20

Insider – Morning with who’s who of Manchester Corporate Sector

As Michael Taylor, Editor of the North West Insider introduced me at the yesterday’s Insider Breakfast event, “where’s Manoj, a short chap, ah there he is”. Luckily, Sean Fensom, Chairman and Digital Veteren of Manchester Digital later came to my rescue as he is shorter than me. At this point, I felt a whole lot better, having cocked up my earlier question to the panel, which Dave Carter, Head of Manchester Digital Development Agency responded by saying that if we want help, talk to the VCs. Unfortunately, there are only two VCs in town (EV Group and YFM Private Equity). They are as risk-averse as hell, unless its their ideas (sorry guys – bit unfair I know! Julian, loves your rough 2010 look!). Later, Michael tweeted the following, perhaps thinking he offended me (no chance there, Mike)

@manojranaweera #ff top chap. Loads of energy, ideas and charming eccentricity

At least, Michael has been consistent in there. This is the second time, and the only person to my knowledge to call me eccentric. As you can see from the thumbnail (first one), at least I am with good company (2nd paragraph right hand).

The North West Insider May 2009 - Editorial - A Special Plea Insider Digital Event Report 15 Jan 10 Manchester Vanguard House Brochure

Ok, those who were misfortunate enough to miss the excellent event organised by Insider Digital Team, which was well attended, here (second above) is a Twitter Report courtesy of moi!

What I also realised is that there are some hard networkers in Manchester, whom you would see attending many of the city’s key events. Here is a list in no particular order:

  • Phil Jones – UK Managing Director, Brother – a man who thinks we still need a printer (actually I own two)
  • Awan Moneeb – a man in demand – Chairman of Manchester Chamber of Commerce
  • Graham Bond – Baker Tilly – must find a way to do business with Graham as he is everywhere!
  • Steve Bennett – ex IoD – nice chap!
  • Tom Cheesewright – a man who keeps changing brands, And Digital

I would like to share some of the discussions I was part of, if that’s OK with you:

  1. Manchester Digital – has a desire to connect with all the technology based groups in the city. This aspect is currently managed by NWDC (chaired by Andrew Disley), which I am a member of. Other than NS20 and Manchester Digital all other members of NWDC run software user groups except for GeekUp (Andrew’s baby!), which is a collective of software developers (and friends).
  2. Sharp Project – I am yet to have a proper chat with Sue Webster who runs Sharp project, but question remains whether she has ambitions to open up her well-funded facilities to product-based technology companies that NS20 champions.
  3. Creatives and NS20 – This year, NS20 will put effort into building stronger relationships with other organisations. RedVision promised to give me an insight to digital media – I must follow this up!
  4. Broadband issue – This is currently a hot issue in Manchester, and it would not be right, if I do not poke my nose into this discussion. In addition, being a partner and a tenant of Daresbury Science and Innovation Campus (DSIC), I would like DSIC to be a major stakeholder in this discussion, due to DSIC hosting a Media Access Point, the forthcoming Vanguard House (third thumbnail), and current 85 or so high-tech tenants. I also believe that Northernnet and other stakeholders have not engaged with the business community in sufficient context to understand their needs. I have been promised through twitter that marketing of Media Access Points will commence next month.
  5. Insider and NS20 – There is a desire to do something together. I just wish that respective parties (one being me!) sit down and firm up what, when and where? Talk is cheap, only actions matter! (Take the hint Mr. Taylor!)

Based on some further discussions outside the Insider Breakfast (I enjoyed it, let me in next time as well Michael!), there are few other areas I need to poke my nose at (when would someone pay for all these nose poking is not clear):

  1. Building a VC culture. It seems the city has ambitions to attract VCs from elsewhere to setup base here. Did you know that NS20 brought VCs from Internet Capital (New York, USA), Advent Partners, DFJ Esprit (twice), Eden Ventures, Seedcamp, Difference Engine/North East Finance, Doughty Hanson to Manchester without any public sector spending? The responsibility for this activity seems to be given to a specific body (not sure which part of this was confidential so better not spill out the beans in case they did not know it themselves). Plus they wish to make existing VCs less risk-averse! According to Steve Livingston, most of the VCs that comes through his accountancy practice are not interested in technology companies. If Manchester wants NS20′s help, we will be happy to help in educating the VC sector.
  2. Businesses and IT. It seems that some non IT businesses are bit fedup of hearing too much about the city’s focus on creative media. And they seem to be in the dark about how to take advantage of new technologies to improve their bottom line. Sounds like an opportunity for NS20. I think there is a way we could address this whilst helping our budding tech entrepreneurs. More to come later.

As usual, drop your thoughts here please.

3 Day Conference in Manchester Showcasing local and international software companies?

Just an idea at this stage, but have approached a group of early stage companies in the USA to sound it out.

The objectives:

  1. Promote companies and products – an exhibition
  2. Build partnerships with startups from Manchester (edocr.com, JavelinCRM, others), London and rest of the UK
  3. API Explosion – Get the tech community involved
  4. Tour of local tech hubs for those thinking of setting base in the NW
  5. Get the public sector involve, so that we can explore incentives for setting up

Perhaps a three day event:

  1. Day 0 – Check-in to hotels
  2. Day 1: Registration, local tours, Dinner
  3. Day 2: Exhibition and Conference, Dinner with VCs
  4. Day 3: Catch-up, discussions with public sector, etc etc etc
  5. Day 4: Return flights

I think Sep/Oct would be better to give me time to plan properly. If you think there is merit in doing this, let’s start talking.