Live - Expert Panel Discussions IBM SmartCamp Global Finals
Diane_Pham 2700051VG5 Visits (4320)
Currently we are in the midst of a panel discussion led by IBM's Mike Riegel and three managing directors of notable Venture Capital companies. As ears of the audience perk up to the advice given by each of the directors, topics are covered ranging from real time analytics to the places of possible venture capital investment, one thing was said on stage that caught my ear, "Innovation in analytics is coming from all around the world, not just here." A simple sentence, but it left a resonated train of thought.
The concept of a global world has been with us for a long time, we are living it - live. This event illustrates that not only has innovation gone global, but talent has gone global as well. What happens when companies have maxed out talent, innovation, and entrepreneurship domestically? Well, that is a question that IBM has answered. We go global.
Global Entrepreneurship has come to us, it is right here, right now. The market for global business is expanding so vastly that global companies are jumping on the opportunity to get the support of large venture companies as well as noteworthy companies such as IBM. Each of the managing directors exerted each their own piece of advice not only for our nine entrepreneurs, but for all entrepreneurs in the crowd.
Evangelos Simoudis: "Two points of advice: number one is passion and optimism, second is that your investor are your friends, not your enemies, treat their money like yours."
Managing Director, Trident Capital
Promod Haque: "Don't give up, keep going, these are interesting times, so ADAPT. Raise money and continue to adapt. If you are passionate about what you are doing then the best is still yet to come."
Managing Director, Norwest VentureManaging Director, DFJ VTB Aurora
Alexandra "Sasha" Johnson: "Don't give up, choose your investor wisely. Find a good partnership in a way where two and two becomes nine."
What each entrepreneur makes of these pieces of advice is all their own, however the trend seems to remain steady in between the advice of all the directors. Be passionate about your idea and pick your partner wisely. As investors become scarce, a great question was raised by the audience, how do you pick the right investor?
The panel answered that early stage investors go to places that discover companies before they happen, such as the event we have before us. If we do not plan ahead we lose that opportunity. Get the investor to come to you through getting your idea and your business out there. Do not simply take what you are given, but make sure the partner or investor you choose will help you grow as a company.
It is scary to think that technological advancement has only just begun, we have so much in the market already. But analytics and cloud computing are illustrating to us that opportunities in the tech industry are endless. Don't settle, keep going and never stop thinking.
I am patiently awaiting to hear the new pitches of the nine companies and even further anticipating the announcement of the winner. Like you all, I too do have a favorite. Keeping my fingers crossed.