Four ideas from Silicon Valley on creating scale from Britain’s startups November 10, 2013 UK STARTUPS don’t lack enthusiasm (over 440,000 have been founded in 2013 so far), but Britain lags behind the US in the number that reach scale. This is an economically important issue. A report by the Goldman Sachs 10,000 Small Businesses UK programme found that just 1 per cent of all firms – high-growth small [...]
Matchmakers transforming how we buy and sell shares November 3, 2013 Annabel Palmer talks to the duo behind Asset Match, the online peer-to-peer trading platform CROWDFUNDING platforms are multiplying across the world, with investors flocking to websites like Kickstarter to take a punt on small, private companies in the hope of high reward. Indeed, according to a recent report by research firm Massolution, by the end [...]
Tech whizz who knew online video was more than a fad October 27, 2013 Blinkx founder Suranga Chandratillake talks to Annabel Palmer about his success in Silicon Valley THE MAN behind video media company Blinkx, Suranga Chandratillake has strong views about why Britain lacks its own Facebook. Negative perceptions of tech engineers and software developers are holding people back. Whether this would mean all eight-year old schoolboys, when given [...]
Innovation Diary: Literary crowdfunding: How to create value in a demanding industry October 27, 2013 DEMOCRATIC publishing has arrived. Amazon’s Kindle Direct Publishing allows authors to upload e-books, earn royalties from sales, while bypassing traditional publishing industry gatekeepers. Createspace does the same for physical books. Gumroad, meanwhile, lets designers, game developers, and musicians join writers in uploading digital files for sale. But it’s hard to make money. Taleist found in [...]
The range of premium mixers produced to raise gin’s spirits October 21, 2013 Annabel Palmer talks luck, liquor and a lightbulb moment with Charles Rolls, co-founder of drinks label Fever-Tree WHILE gin may not be the most popular global spirit (that prestigious title goes to Korean rice wine brand Jinro), the world consumes 440m litres of it each year. But back in 2000, Charles Rolls, co-founder of the [...]
The real McHoy October 20, 2013 Annabel Palmer talks to Sir Chris Hoy: Olympic athlete turned entrepreneur BRITAIN has caught the cycling bug. Close to 7m people hop on a bike once a month, a rise of 1m in four years. Not only are City professionals now donning full lycra for their daily commutes, but the craze has inspired entrepreneurial flair [...]
Innovation Diary: Why one company has chosen crowdfunding over venture capitalists October 20, 2013 HOW CAN you decide on the best method of financing your business’s growth? The Harvard academic Paul Gompers, in his prescient The Rise and Fall of Venture Capital (first published in 1994), explained the close interplay between the most suitable type of investment and the model of the firm concerned. Bank loans will be useful [...]
Going West: London welcomes a new FX brokerage October 13, 2013 Annabel Palmer meets the founders of Monex Capital, who are targeting tech savvy traders DESPITE the Asian Development Bank lowering its growth forecasts for emerging nations in the region earlier this month, European brokers are launching Asian-based subsidiaries in droves (forex and commodities brokerage MIG Bank, for example, opened a Hong Kong arm this year). [...]
Innovation Diary: Why food innovators have broken out of the development kitchen October 13, 2013 THINK of food innovation and the cronut (a croissant/doughnut) or the duffin (its doughnut/muffin cousin) may come to mind. Such foody portmanteaus – while reflecting the vibrancy of an industry that has weathered the last five years well – can have unpredictable results. Frappuccinos and banoffee pie now barely raise an eyebrow. The pluot (a [...]
The charitable venture that grew into a thriving firm October 6, 2013 Annabel Palmer talks to the founders of Hire Space – London’s online venue rental business THE PUBLIC has grown increasingly comfortable with the notion of sharing assets – homes, cars, hairdressing skills – and buying second hand products through websites like eBay. Airbnb, the San Francisco-based holiday rental website and sharing pioneer, for example, was [...]