The Venturepreneurs’ Organization had its 6th summit on the 22nd and 23rd of October. The venue was a wonderful beach hotel in Casteldeffels called Bel Air. The meeting room had sea view and the sunshine blessed us during the whole event.
Throughout the two days this group of entrepreneurs and investors enjoyed each others’ company with both intellectual and business talk as well as laughter and jokes. Most of what happens at these meetings is confidential and the information cannot be divulged. They also discuss some of the interesting trends in entrepreneurship and investment activities they experience. We’d like to share some insights with you:
Video Search Engine Optimization – Video is playing an increasingly important role on websites. More and more websites are posting videos as a way to share content also because consumers are more responsive and engaged by this type of media. The problem with video is that it doesn’t have the same characteristics as text in terms of optimization for search engines. This new business around indexing online videos in search engines is a key objective of one of the Venturepreneurs’ projects: Veeseo .
App Stores – We all know the app store for our iPhone, iPad, iPod and coming soon Mac. We also know about app stores for other operators. A particularity about the Android app store is that there isn’t simply one. There are many. Android allows for competition in this market. One of the topics that have been discussed at the summit was exactly this: The potential behind these app stores in the future. Some of the questions that are hanging in the air concern how one app store will claim supremacy over another? When will Venture Capitals jump in on the app store wagon? Will other platforms open up app store competition?
Saving the World – This important and never concluding topic is always discussed especially at informal sessions between the Venturepreneurs. The need for sustainable capitalism is becoming greater day-by-day. One of the founders of the VP Org has suggested to focus on a new hybrid organizational structure between non-for-profit and for-profit coined not-just-for-profit. This new form of organization does not focus primarily on the maximization of profits but caters for the wellbeing of employees, the planet and the social corporate vision.
Leadership/Followership – An intense debate about what is a leader? Who is a leader? Who is the perfect leader? escalated into a really passionate conversation. The most interesting conclusion was the importance of not just the leader, but of those that follow the leader – the followers. A sensible conclusions seems to be that a leader must have competent followers that are leaders themselves in other ways. Some food for thought!
Secondary Markets – For many years we have known that a start-ups can raise capital from FFF (Friends, Family, Fools), grants & subsidies, loans, Angel Investors, Venturepreneurs ;), Venture Capital, Private Equity and by issuing an IPO. Well, there is another way now to raise capital. A stock exchange for private shares. This is a stock market where investors can buy existing shares of the company and where secondary shares can be traded. Interesting new trend that can bring fresh capital to start-ups!
Alternative Energy – Solar panels, wind turbines, hydroelectric energy and now an old type of clean energy source that can become a big player with new technology – hydrothermal energy from geysers. In the past it has been expensive to use this type of energy, as the drilling costs would exponentially increase the deeper geysers were. New technology exists where drilling costs are much lower. Hopefully this as well as the others forms of clean energy will takeover fossil fuels sooner than later.
Interviews – An exciting new feature will be the Venturepreneurs’ Insight Series. This is a video series of small clips where the Venturepreneurs’ are asked to explain certain challenges and aspects of their entrepreneurial career and what the key success factors were to overcome certain situations. Stay tuned for this exciting insight!
Check out our mood video of the 6th Venturepreneurs' Summit