Connecting Yorkshire

I very much enjoyed spending most of yesterday at the Connect Yorkshire investment forum. Over the years I think I’ve been to nearly all these conferences; they’re a great way of seeing some of the companies that are around, and in bringing the technology community into one place too.

I suspect that Nick Butler and Glen Hopkinson who lead the team at Connect Yorkshire don’t have the easiest of tasks; but they do a great job of making it look easy! They have to screen lots of potential companies to select and coach/cajoale/coax those who present towards the best way of pitching their proposals. Today the companies represented ranged from a device to detect leaks, to a cancer drug targeting technology.

As usual you could rely on the Connect process to have helped the presenters make their proposals clear and reasonably thought out, whatever one thinks of their individual commercial prospects.

I tried to talk to as many of the presenting companies as I could; whether or not I was interested in them as a potential investee. This is really important to me; I find I can learn so much from these people and their intimate knowledge of either technology or market niche, and I think that in return I owe it to them to be as frank as possible about what I think lies ahead for them. As usual, the reaction to the feedback varied from the heatedly defensive, to the open and constructive, which tells you something else about how that team would be post-investment!

The format of all these kinds of events still doesn’t seem quite right to me; somehow the idea that someone stands at the front for half and hour and tells you about their business and its plans is a very one-way process, and there is a tendency for the candidates to want to talk far more about their plans, which after all are pretty fluid, than they do about their product and market opportunity/competition. I’ve suggested to Glen that something like a IRC backchannel might be the way to go, but you might need some house rules about only asking questions. Given the UK hasn’t adopted the laptops-in-sessions culture to the extent that the US has, you might need some kind of SMS based thing…?

P.S. I found this interesting commentary about backchannels on Techcrunch

Nick and Glen were also busy promoting www.mydealmaker.co.uk: their initiative to bring the community together between their events. Those involved in forming, managing and funding technology companies always benefit from becoming more of a community and learning from each other. Bringing people together on the internet has proved to be an amazingly powerful way of breathing life into specialist communities elsewhere and I really hope that Glen’s initiative can do the same for this group.

Over the years I suspect we’ve backed more teams that we first met at Connect than anyone. On this occasion I had the opportunity to meet again a company I was introduced to a little while ago, which I think has some of the characteristics to develop really well. Hopefully I’ll learn over the next few weeks if we can work with the team to develop a really exciting business with them.

Project Sahara

shadow train
Originally uploaded by bendylan

Lee Strafford and friends have established project Sahara and thenetstart with the aim of establishing a community of internet companies across the North of England. It meshes with initiatives such as dotnorth.org which have compatible aims in this area.

What Lee evangelises, and rightly so, is that the most successful internet companies in the UK were those that sprung up in the North of England: he's therefore brought together some of the leading players in those companies to build a repeatable model around this opportunity.

I admire Lee's energy, and am hopeful that his experience and track record will help bring the various parties together to create a set of really exciting new enterprises; this may be challenging but it's surely a challenge worth serious pursuit.

In our own small way I think we could claim to have been the most active investor in this sector across the North in recent years, and we're looking to do more in future. I think we'd suggest that the problems Lee is addressing are important and prevalent. Most start-ups in this sector do have the feeling of being "on their own", and they'd benefit greatly from being part of a community in many different ways. The powerpoint embedded below gives more detail on the problems the project is addressing and what is being built.

I'm keen to see the project grow and succeed. There seems to be a growing momentum behind the initiative and I'll be keen to contribute where I can. In recent months Mashup, GeekUp, Opencoffee and now Project Sahara and DotNorth have exposed the size of the pool of both entrepreneurs and technical experts interested in this area of activity, and I'm looking forward to seeing us play our role as an active early-stage investor to help nurture the companies that will surely emerge.

Inaugural Opencoffee Leeds

Open coffee Leeds was buzzing today- about 20 people I think. Starbucks had kindly provided a "meeting room", which turned out to be a small formal meeting room with board table and chairs- about right for 6 people- but not very "opencoffee". Very interesting conversations with a few startups, technology folk and entrepreneurs. I'll be doing my best to go again to this one- well done to Imran Ali for organising it!