Over a beer, Pete was explaining to me about his business (a “B2C” software-as-a-service startup that had been trading for four years). Pete was proud how the gross profit margins were high and increasing, customer satisfaction was tremendous and staff were great.
The issue that Pete was facing however, was that he needed more cash to invest in marketing and research & development. He said he needed the cash now, as competitor products were appearing and he wanted to stay one step ahead.
As the conversation [...]
Now that the dust is settling, it is time to take a dispassionate view and focus on the positives and opportunities that the situation might create, rather than the negatives. This approach is after all one of the key traits of the entrepreneurial mindset. To quote Dale Carnegie, “If you have a lemon, make lemonade.”
Brexit could actually prove to be a boon to fintech innovation in the UK. One possibility [...]
Jonathan Kettle, founder of Taxicode provides his views on what will happen next in what he describes as the ‘great taxi war’.
When the swords are drawn, who will break first? Do you know something, the irony is that the first victims of Uber’s rapid expansion won’t be taxis or minicabs; it will be Hailo or Gett, or maybe even both. Looking at the information available in the public arena it would seem that Hailo and Gett’s UK loses have increased somewhat and [...]
At the age of 10, I developed a series of anxiety disorders which caused me problems as a child. Once I had recovered at the age of 17, I made it my mission to raise awareness of stress and mental health problems and reduce the stigma surrounding this issue.
Whilst studying for my A-levels at sixth form, I set up my first business called “WATS Mental Health?”, a social enterprise which provided interactive mental health awareness workshops in schools. I decided that this was a great time to start a business as although I lacked experience, I am ambitious, I had more time and I still lived at home.
From then, I then [...]
Rating is free of charge for startups and based on financial and non-financial metrics: management, project and market.Study Case: MISHIPAY
Launched in 2015, Mishipay has developed an innovative retail payment technology to transform the retail store experience and maximise in-store process efficiency.
The app integrates POS, inventory and security systems and uses RFID tags. Partnered with Cisco, Mishipay has managed an almost immediate [...]
It’s not just the burgeoning startup scene and growing infrastructure that makes Edinburgh an attractive proposition for entrepreneurs and their kin. The city is fondly referred to as one of the most liveable cities in Europe. The average cost of renting, say, a 1 bed flat in Edinburgh comes in at £525, compared to £1,430 in the English capital. Not exactly insignificant. With a population of 500,000, Indeed, those looking to attract the ambitious and [...]
It is obviously very tough, hence why so few people take the plunge and instead choose to stay close to the shore, protected by the regular monthly salary and the corporate pension.
However, this boundless optimism can sometimes lead you to be infected by the dreaded BYOH (Believe your own hype) bug. If infected, this is a condition that can go on for sometime and in some cases can prove fatal (business-wise). There is no medical cure for this illness, apart from a heavy dose of ‘reality’ and a heavy swallowing of ‘ones pride’ – in some cases, numerous doses have to [...]
Travel platforms are becoming quickly outdated, and many are looking to blogs or personal views as an alternative. As a result, too much time is being wasted searching on where to go, and how to get there. That’s why we’ve creating KOMPAS: the pocket guide to the world’s urban jungles. From a blog that started in Munich, we’re now building travel recommendations based on interests and locations, and we’re using disruptive technologies such as machine learning and narrow intelligence to do [...]
Friday 1st July saw a concerned cross-section of the London startup scene gather at Wayra UK, an accelerator funded by Spanish multi-national Telefónica. Panels of entrepreneurs insisted that their innate resilience and canny resourcefulness would see them through the challenges that lie ahead, but it was when the investors [...]
A Penningtons Manches multidisciplinary team led by the firm’s San Francisco partners, James Klein and Hamish Corner, advised RocketSpace on its deal with the campus’ development partner, the Royal Bank of Scotland, to open and operate a large tech campus in the Regents House in Angel, London.
London is San Francisco-based RocketSpace’s first location outside the US and the UK campus will initially house up to 1,500 people at its opening in early 2017. Since its founding five years ago, [...]