After a month in Newcastle I think I’m pretty settled in. People are very like-minded here, the weather is much warmer than Finland and beer cheaper. Life feels good.
Anyhow because this is my first blog post ever I should maybe introduce myself to those who don’t know me. I’m now third year student from Tiimiakatemia Jyväskylä. Last year I was part of the JES Board (Sorry Jussi for not writing posts when I was actually obligated to!) as an event producer. I have still great passion for events and hopefully as a part of my practical training I have chance to arrange few events here in Newcastle.
At the moment my status is a coaching intern in Business Management Unit in University of Northumbria. It has been great fun to see how there are many promising business ideas among the students. I will introduce you to few them in my later posts.
Few things about the Newcastle and the area. It’s situated in the northern part of the England and has one of the highest unemployment rate in the UK. Also it’s the place Geordie Shore. If these are not convincing you about the possibilities maybe the next things are: there are two big universities and a lot of international students. Also Newcastle has one big accelerator for startups called Ignite100. Last week I attended to their fifth graduation party and it was great fun to see good pitches and hear pretty interesting ideas. Lot of new app ideas like dubble, an app where you choose to pictures and then you mix them. Sounded pretty cool for me! More about Ignite100 results you can read more from http://ignite.io/2014/11/01/ignite-by-the-numbers/
Thursday there was a good lecture held by a venture capitalist Jonathan Gold. Gold has created several early stage funds worth in total £19m including the Rainbow Seed Fund and a range of funds in the North of England. So I can say that he had a lot of knowledge about what makes a startup to success since he has been investing in different companies and some of them have been great success and other great learnings. One thing that caught up in my mind is what he says is the most important thing when thinking about investment on startup. It’s the leadership potential of the lead entrepreneur. If I remember right the next thing was the team. So it’s not rocket science to understand that you look potential in people. You want them to get out of the bed when they fail the first time and go forward. That’s what I see when I think those people I have met during my time in JES. Potential.
Next post I will concentrate on that potential I see here and I will introduce you to some interesting startups.