Tuesday, February 26, 2008

Not So Free Lunch

We were delighted so many of our sponsors and partners joined us at our annual sponsors lunch.
Over lunch we asked attendees to discuss the topic "Where should Connect Yorkshire increase its momentum and focus?" An Albert Einstein quote:"Make everything as simple as possible, but not simpler" always comes to mind when thinking about how to make the most impact with limited resource. My table didn't get much beyond debating the meaning of the word 'Where', but as someone new to Connect commented "Given that entrepreneurs can benefit from the activities of Connect pretty much for free, it should be a no brainer to become a member." If anyone in the blogosphere wants to have their two penny worth as to how the Connect network can be bigger and better, please feel free to add a comment to this post.

Friday, February 08, 2008

Nothing Ventured...

Deirdre Bounds gave a passionate talk at the Venturefest Yorkshire 2008 dinner. As a former stand up comic I expected a few more laughs, but she mainly focused on her journey from 'bedsit to boardroom'.

What was her take home message? Well mainly that if you have got an idea just do it, even if no one around you gets it: if you believe in yourself you can succeed in realising your vision. This was rather at odds with Ajaz Ahmed's talk earlier in the day where he was lamblasting government support agencies for backing 'lame duck' ideas that were destined to fail and that people shouldn't be given 'false hope' that they can become 'supermodels'

I must admit to being more with Deirdre on this one. Sure, we need to screen out the ideas and people that are just plain daft and applaud the ones that are sure fire winners (because they, like Deirdre, will fly without any outside help or an outside investor getting a slice of the action). But in the beauty contest that is innovation and enterprise, the winners and losers will sort themselves out in the marketplace (think dancefloor, not stage). Out there it's execution and the audience vote that counts: the wisdom of crowds, not the opinion of experts. In my experience, most good ideas start off looking pretty ugly or just plain daft to conventional eyes. As Deirdre says 'We need to encourage weird'.