Posts Tagged ‘establishment’

I was thinking over the weekend, it’s been a long game and asked myself how did this fresh faced kid get to where I am now? … or as the Irish man replied when asked for directions, “Now if I were you, I wouldn’t have started from here.”

This is one way to tell the story … Let’s start with me at age 16 still at Carrickfergus grammar school set in the fields above the council estate in NI where I lived. I was playing badminton for Ulster and Ireland by this stage, which is all I really cared about at the time. Despite the troubles we still travelled all over Ireland for matches.

damon oldcorn aged 17 - Edited

Labourer Braidwater Spinning – on the factory floor building spinning frames in a textile plant in my holidays, a wage packet. (luckily I had help.) First real job Laboratory Assistant Greenland School – in a secondary school not known for its academic standards (mainly feeding the mice/rabbits and covering classes for delinquent teachers.) Accounts Clerk Rothmans – worked directly for the Management Accountant in a major tobacco company (never dreamt of smoking after that) Some said I would have made a good accountant but being tied to a desk did not suit. Sales Representative Corry Business Equipment – selling electronic cash registers to retailers (When I say sell, seldom did, I hadn’t a clue, but the company car came in handy for getting to the badminton tournaments.) Attended OCTU (Officer Cadet Training Unit) for the RAF at Biggin Hill. After a week of rigorous tests made an offer which I turned down, one of my better decisions, but still felt needed to get out of NI.

The move to Guildford, Surrey, England Aged 18 needed to access the centre of world badminton at Wimbledon Squash & Badminton Club.

Financial Representative Mercantile Credit/ Barclays Bank – with a small branch team in Guildford underwriting and lending £3M per month to consumers and the motor trade in Surrey. (Wrote the first contract hire deal in the UK.) Well trained here in all aspects of financial analysis but it was poorly paid. Financial Representative Commercial Credit As above but for a lesser name, more freedom, paid more money, easy choice to move. Sales Representative Belstaff – Selling motorcycle clothing to retailers across the South East of England. I was difficult to pin down given the vast territory and remote management. So all good for the early morning coaching at Surrey University before work and then training late afternoon/evenings at Wimbledon with tournaments across the country at weekends. Salesman VGL Industries – Selling the Terence Piper microchipped vending machine in London. Getting closer to the technology world but not quite. Years at the sharp end having to outsell teams in half the time available hones you and as we see in the next stage of my career the lessons learnt here paid off in the end.

Damon Oldcorn International Badminton Player

My technology years and career were about to start as the industry began to emerge

Now aged 22 beginning to realise how much money it took to live and survive in Surrey and that the Badminton was never going to be anything more than semi- professional … if even that. Salesman NEXOS – Selling the first screen based word processors to the financial and legal markets in London. Loved it here, great professional competitive team, had a flair for it and really flourished. Salesman ITT International Telephone & Telegraph – Selling Facsimile machines and screen based electronic Telex systems. The top salesman, City/Square Mile as my patch, Big Bang Time, a killing ground. Senior Salesman/Team Leader STC Standard Telephone & Cables – as above but also added bonus of hard edged Xerox US style sales management training.

Sales & Marketing Manager Chernikeeff Telecommunications – Headhunted to a startup. Successfully hired/managed the sales team and created the marketing that launched the company that designed and built the UK’s first message switching systems. Sales & Marketing Director Norbain Micro – turned round this small public company that was a major UK Distributor of computer peripherals from Japan. Learned here about all the facets of a business in the boardroom. Sales & Marketing Director Tandon Corp – US Personal Computer vendor that sold through indirect channels in Europe. Re-energised the salesforce and dealer base and gained No 2 vendor slot in the UK 486 processor market.

As we left the eighties entered the nineties the world economy began to slow and enter recession

The PC hardware market lost sufficient margin to support an indirect model and other new major US players went direct. Time to look for new ground. Consultant Hutchison Whampoa HKJoined a small group of ex PWC change consultants to restructure the retail subsidiaries of HW in Hong Kong. Student University of Bristol – Embarked on a two year full time Masters degree in International Business which encompassed extensive study periods at Harvard, MIT and UC Berkeley. This was for the thinking time and the network not the degree. Sales & Marketing Manager Vodafone – Paknet the data arm of a voice company that did not fit, interim contract to find new markets for them.

Filled with entrepreneurial zeal and understanding particularly from my time at UC Berkeley and Harvard

I had already created a support network in the States. First landed in Silicon Valley CA in 1987 and lived there off and on over the 90s, 7 weeks there and 3 weeks back in the UK for 3 years during the DotCom years with PhoneMe. Founder Interim Edge – I created the first of the virtual management companies for the TMT markets, later to be the interim management industry. Mine was born out of William Davidow’s thinking in his book “The Virtual Corporation” that I had engaged with in CA. Founder/CEO PhoneMe – Off the back of a world beating engineering team and their soft switch launched a Global “Web Callback” telephony service (PhoneMe “The human voice of the web” ) UK/Boston/San Jose which led to a Silicon Valley exit. Founder/CEO NicheGnat – Pioneered web conferencing in Europe through a distribution partnership with Boston based WebDialog Inc. CEO ZebTab – Led the founding team to create one of the first sports (ManUtd) and news (BBC) media platforms to successfully deliver video content directly to the desktop computer on an advertising based revenue model.

Decision … No more Tech startups of my own … But what next?

Founder WildIrishGuy – opened a club and network at 8 Northumberland Ave to create an economic place for freelancers and entrepreneurs to be based in the heart of London. This gave me time to breath and meet a wide range of people from different layers of the network and people began to ask me to mentor and advise them. Founding Director The Irish International Business Network – A Not for Profit to support the Irish diaspora in London and New York. Now today both in wilds of Wiltshire and the heart of London working with my extensive trusted network borne out of all those years of work. Founder Partner Oldcorn & Oldcorn LLP – Independent advisory, executive coaching and mentoring to the C suite of scaleups in the emerging technology markets.

damon-wild

Thank you for reading this if you got this far, this was more really for my benefit than yours, all about unravelling my thoughts as I recalled how I overcame the challenges throughout those exciting times. In saying that please don’t hesitate to make a comment or contact me direct. If it stirred anything that you would like to shoot the breeze on, the door is always open. Keep well Damon.

stick it to the man

Technology Entrepreneurs were mavericks, outside the system, changing the world, disrupting society and most importantly … not part of the Establishment. Well that was the way it was or certainly seemed to be. Now, I am concerned, given the increasing numbers today crossing the line. Taking government sponsored roles, moving to the other side of the table with venture capital firms (some supported by government funds), fronting accelerators, entrepreneurs in residence, angel investing and even some being included on the UK Honours lists. All this far to early for most rather than concentrating on and taking the pain and joy of building out a second and third time.
For any that were wondering, yes the system or establishment has always existed ,the top two percent, whatever term you want to use for it. It has always been self-perpetuating, my goodness if you were taking off the table of its bounty why would you want it to stop. But at certain points in the cycle it has been less impregnable, chinks had appeared, a few ladders had been left over the side to climb up or was that just an illusion. Certainly in the last decade it would appear that the ladders have been drawn up behind people who made it over the parapet in more opportune times. Some of you will know that feeling of confronting it head on, even for some people without actually knowing what system it is they had come up against. For those outsiders it tends to hurt.

The system is glue

Well, if it has always been the case, what’s the problem? Focussing on the emerging technology space, if we want to continue to grow the entrepreneurial ecosystem, it needs to be a virtuous cycle of successful or experienced entrepreneurs starting again and building their next disruptive companies. What we must not have is them being seduced, distracted or diverted into other peripheral softer network roles that blunt their entrepreneurial ambition. Which in turn has less impact in growing the knowledge base of how to build start-ups. They need to take the bones of what has been successful and use that to do it better the next time, and teach others internally and externally by example. This is what Silicon Valley (sorry to mention it) has been doing for decades, they don’t even hesitate to start another company and at a speed that we are yet to match in Europe.

It really does not matter that we will always be playing catchup with the Valley, what matters is that we do our own thing, play to our strengths and continue to build out an experienced entrepreneurial network. Over twenty years ago unless you were in the inner circle or were introduced by someone who was, you could not understand how it worked or even get a chance to be funded and play your hand. Now it is more transparent with more market coverage, networks and of course the internet itself has helped with that ability to access knowledge. surferBut there is nothing to beat working for or alongside a founding team that have been through the process before with battle scars that have toughened them. The more successful serial entrepreneurs we have in the network who really love what they do, the more chance we have of inspiring greater numbers to join them in the challenge, changing the system from the outside and in the end sustaining the growth of our technology markets.