Hi, I am not expecting everyone to agree with me but here is my argument. Most CIOs are interested in Cloud computing because of cost. COST!!? That’s very interesting because to my humble opinion, this only applies to IaaS (Infrastructure as a Service). If you do not want to spend money on hardware and be left with redundant system then IaaS is a good approach but that’s about it. I work with Cloud computing (specifically SaaS) and this next one might hurt my business but it has to be said; SaaS is not cost saving when you comparing it Open Source alternatives that you can host on your IaaS system…. Read more here”
London Start-ups 2.0 TechWorld Event aims to build a platform where technology and Internet start-ups can gather together to exchange knowledge, network and reward innovations through funding partners.
If you are a Start-up company based anywhere on this globe and looking for partners, funding or just the right guys to transform your ideas into the real thing, then this event is for you. This is a chance to showcase your ideas, projects and or company in front of well selected panellists. There is only one catch; your business or idea has to be Tech or Internet related.
Our panellists have several years of investment and knowledge of Tech start-ups and can provide support through financing and workshops for your next BIG thing.
The videos will be broadcast live on USTREAM.com and all exhibitors will have their details forwarded to our network of partners for further promotion.
London Startup 2.0 TechWorld Event
Thursday 9th April 2009 at 18:00-22.30
EXPRESS BY HOLIDAY INN
LONDON – LIMEHOUSE see map
469-475 The Highway
We booked a conference room in Docklands London. We only have limited places available so hurry and get your ticket now @ http://www.urgoing.to/londonstartups
You can also join our hundreds of members on Facebook LinkedIn Smarta
or follow me on twitter @armelnene for an update.
Ticket : £15.90 (Exhibitors)
Ticket: £10.73 (Networkers and Guests)
TICKETS HAVE TO BE PURCHASED PRIOR TO THE EVENT.
NO TICKETS WILL BE SOLD ON THE DOOR.
Click here to see a list of the panellists including a short biography.
See you there and have your business cards ready.
Everytime I visit a startups’ meetup, I meet some aspiring entrepreneurs who tell me that they have the next killer app that will take over…
So what is that application you are talking about?…Another social networking site?
I, personally, do not believe that social networking sites make real sustainable revenue. Let me outline some points so that we can discuss and share:
- Users registration is free and nobody pays for premium services so don’t offer them.
- Advertisement is profitable as long as operating expenses stays low.
- A sucessfull social networking site (in terms of population) means higher operating expenses.
- Users do not click on advertisement and found them quite annoying… This leads to unsuccessfull ads campaign and clients extraction.
- Not everyone has an IPhone or PDA. Not even 1% of users access their data on the go and what is the business model here? NOTHING!!! I thought so.
- Also, Fan pages and groups are killing advertisements revenue specially on facebook as they are available free of charge.
- Because of various laws and regulations, users data cannot be sold to third parties for their own use, another closed revenue stream.
- No control over copyrighted material that users upload. This will eventually lead to law-suit which can clause your business.
I suggest that if you planning to start your own social networking site, try to have a real business model and most importantly a business plan. If it makes sense on a business plan, I think traditional lenders will be interested.
If your main goal is to try to sell your business to larger organisation just like Bebo and the rest, then you might have to be more creative. Think what is the difference between MySpace and Facebook? If you site is Facebook compliant then I guess your chances are limited as you become dependent on a bigger player.
I gave 8 reasons as I will let you guys come up with the other 2 reasons. I am sure that this post will make you realise something or two, next time you or a friend are thinking of making a social networking site just concentrate a the business model = revenue stream, before you venture into the wild.
The above are just my opinion and are not based on extensive research but discussion with some VCs, news and blogs.
Twitter is a way of bombarding the world with an endless stream of self-serving mini-messages. According to the click mavens at Hitwise, it’s now the 84th most visited site on the web, and co-founder Biz Stone says the company sees twice as much traffic through its APIs.
But its 140-character “Tweets” aren’t conducive to advertising. And since it’s always been a free service, the pundits can’t imagine Twitter ever making money on subscriptions.
London Start-up 2.0 is a social group promoting the technology industry in London. You do not need to live in the London area to be a member or take part in it. The group was created due to demand in the start-up community. The current formats of meet-ups in the community are very informal and make it very difficult for start-ups to make the right impact.
London Start-ups 2.0 is about creating connections between the right people to take their business or ideas further. This is a place where aspiring and veteran switch ideas and form partnerships. We also understand the difficulties that businesses face in raising finances. For this reason, we have partnered with organisations including VCs to attend the meetings. We have list of important figures that we personally invite to spot new opportunities.
Our meetings will usually last about 4 hours long (+ free WiFi) and will take the following format:
o Registration for start-ups presentation
There will be 15 places available. The spaces will be allocated on the first come first serve basis. Start-ups will be given a 5 minutes spot to showcase their products/ services in a very formal way: – please focus on introducing your company, product/ services and business model. Remember that you will be presenting to an audience of well chosen investors in a “Dragon’s Den” style, therefore you have to make sure that you know your ins and outs.
o Networking with community peers
o Food and drinks are provided free charge
• Presentation/ demo
o Each entrepreneurs will showcase their products/ services on a large projector for 5 minutes.
o The events will be filmed and distributed to other investment companies through the internet. Therefore, if you did not get any luck this time around, do not worry as more company will see your presentation.
• End of event
o Snack bar free of charge
Government and other agencies providing financial support to small and medium size businesses will also be attending to give advice and support for you to take your ideas to implementation.
This group is about promoting your ideas and business; we ask that for the benefit of all our members, each member should post a brief introduction of themselves on the wall. You can use the forums to exchange ideas with others.