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TechCrunch – Internet Peeps Dinner

According to Sam Sethi of TechCrunch UK, there are many opportunities for Internet start-ups and VCs to get together and share ideas in London.

the-crowd.jpgI would love to find out of any similar events taking place in the North West. We have a monthly breakfast event at Daresbury Innovation Centre, but it is not dedicated to software. There is also a monthly Beermat Monday event taking place at Tiger Tiger, which mainly attracts consultants and life style businesses. N4B is similar.

Sam reports…

From the QnA session, the one thing I took away was the fact that VC’s are struggling to find start-ups to invest in. The point being that start-ups no longer need to raise the £1m+ previously needed in the web 1.0 period to get an idea up and running. Now £20-£40k gets you on the web and with actual subscribers/users to prove the model. In some cases the start-up can actually be profitable before they need to raise new growth capital. The thing that is still missing is the angel investment capital which Philip Wilkinson describes as the equity gap.

Interesting point about VCs struggling to find investments. We are not web 2.0 but SaaS and could do with between £1.5m over the next two years. However, if we win some decent sized clients, and provided we can work out decent advanced payments, we would not need any VC funding. Ironical, is it not?

We have continually been on catch 22 – chicken and egg situation with respect to VCs. Initially, we wanted external investment to develop our solution, but VCs wanted revenues – same as bankers – very risk averse in my opinion. So, we struggled for the last 18 months and now have the transaction hub (ebdex Document Exchange) up and running. We just need few decent sized clients and staying power.

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  • Manoj,
    The answer to ‘are there any of these sort of events in my part of the country?’ is – Organise one yourself. Easy enough to do – find a venue, invent a name, give it a theme, invite a range of people, blog it, put the word out and hey presto, you are at the centre of the networking world … try it.

  • Manoj,
    The answer to ‘are there any of these sort of events in my part of the country?’ is – Organise one yourself. Easy enough to do – find a venue, invent a name, give it a theme, invite a range of people, blog it, put the word out and hey presto, you are at the centre of the networking world … try it.

  • Manoj,
    The answer to ‘are there any of these sort of events in my part of the country?’ is – Organise one yourself. Easy enough to do – find a venue, invent a name, give it a theme, invite a range of people, blog it, put the word out and hey presto, you are at the centre of the networking world … try it.

  • Manoj if you need help or support to get a meeting in the north of England going then please let me know. I am already talking to a few people about running an event in Leeds.

  • Manoj if you need help or support to get a meeting in the north of England going then please let me know. I am already talking to a few people about running an event in Leeds.

  • Manoj if you need help or support to get a meeting in the north of England going then please let me know. I am already talking to a few people about running an event in Leeds.

  • Sam and Ivan,

    Yes I am interested. I know few VCs and IT companies in the Manchester and Merseyside areas. My initial thoughts are to run a monthly event alternatively in Manchester and Liverpool. Perhaps we can use Tiger Tiger in Manchester and another venue in Liverpool. It makes sense to combine our efforts and learn from the event scene in London.

    I need help in organising this as all my energy is diverted to getting ebdex off the ground. How do you manage the administration and logistic side of event organisation.

    In terms of publicity, it makes sense to attract the London crowd for the first event, especially few VCs and business angels.

    I will speak to few people here. Perhaps we can also get some corporate sponsorship. I have a meeting with KPMG this week and will pop the question.

    Let me know your thoughts.

  • Sam and Ivan,

    Yes I am interested. I know few VCs and IT companies in the Manchester and Merseyside areas. My initial thoughts are to run a monthly event alternatively in Manchester and Liverpool. Perhaps we can use Tiger Tiger in Manchester and another venue in Liverpool. It makes sense to combine our efforts and learn from the event scene in London.

    I need help in organising this as all my energy is diverted to getting ebdex off the ground. How do you manage the administration and logistic side of event organisation.

    In terms of publicity, it makes sense to attract the London crowd for the first event, especially few VCs and business angels.

    I will speak to few people here. Perhaps we can also get some corporate sponsorship. I have a meeting with KPMG this week and will pop the question.

    Let me know your thoughts.

  • Sam and Ivan,

    Yes I am interested. I know few VCs and IT companies in the Manchester and Merseyside areas. My initial thoughts are to run a monthly event alternatively in Manchester and Liverpool. Perhaps we can use Tiger Tiger in Manchester and another venue in Liverpool. It makes sense to combine our efforts and learn from the event scene in London.

    I need help in organising this as all my energy is diverted to getting ebdex off the ground. How do you manage the administration and logistic side of event organisation.

    In terms of publicity, it makes sense to attract the London crowd for the first event, especially few VCs and business angels.

    I will speak to few people here. Perhaps we can also get some corporate sponsorship. I have a meeting with KPMG this week and will pop the question.

    Let me know your thoughts.