Posts Tagged ‘win’

Running interference is a term taken mostly from american football where team players deflect the opposition in their attack to stop the ball carrier as they attempt to make the home run. running interference4I use this term in the start-up/scale-up world when people that I meet when networking ask me what is it that I do … I tell them “I run interference” on behalf of my clients when retained for that purpose.

This will normally open up a discussion as to what I really mean by that phrase, a bit like the quote “We are the Pros from Dover” taken from the movie “Mash”. Experienced business professionals from the technology world will know what I mean but younger entrepreneurs from the emerging technology world will be less sure. That is the point of course “when you don’t know what you don’t know” when trying to navigate the shark infested pool of founding and building Tech start-ups.

Its a pool of knowledge and insight gained over decades of working for US vendors in the big game and then founding and building technology companies from scratch in the good and bad market times. You tend to get perspective on the right moves and people from years of “shedding layers of skin” from going through the process of winning and losing in the UK and Silicon Valley. We are often pigeonholed as advisers, coaches, consultants maybe even the dreaded mentors … I suppose there may be a combination there. But what sets me apart is the blend of experience, strategic thinking and accelerated tactical implementation that moves the needle on whatever challenge you are currently facing.

A lot of my work is based on accelerating access to market, entrepreneurs always need that first big deal or partnership to reference from and cement them into the market with some credibility to continue. running interference2How do you do that? … well while you have had you’re nose to the grindstone, I have had years building a trusted network in London, this gives many entry layers to quickly research where best to position you’re attack. This combined with the weight and experience I add as to how to frame the hook that will get a reaction and opens up options for you to explore.

Sometimes it can be just as important not to talk to certain people as to chasing to meet what appears to be high profile people that can aid you’re progress. But “how do you know who is good or bad”, some that will suck time and life, maybe even money out of you’re precious venture. Well that is also about having time and experience to “understand the jigsaw” that is the multilayered emerging technology market in London. I have come across most of the challenges you are taking on for the first time, numerous times in fact, it develops an instinct in you for what feels right.

So I hear you ask … why are you not off investing, a venture capitalist, being a Non Exec, Government adviser, charity work, even retired like the rest of your peers. running interference1Well much as I don’t want to build another start-up company of my own, what still gives me a thrill is breaking markets with new technology, especially if it means taking on and beating the incumbent global vendor players. Its about doing business and deals that people don’t think possible on your wits with limited resources, “that’s the win”.

just-arrived

There are a few, a very few, that keep building start up companies, even when they have either, had their teeth kicked in, a moderate success or a global home run. Most it would seem, fail completely and drift away, which is fine and normal for a very tough game. But a more worrying trend seems to be for people, who have built one reasonably successful start up, defined by profile, impact on market, growth in revenue and people, but no exit on horizon, to not build a second.

Often to be fair to these people they get taken out by their investors as they have not achieved the holy grail of the successful exit or some sort of end point event. But rather than gathering their strength, new found experience and leading another charge into the entrepreneurial trenches they are often seduced by established venture capital companies, incubators, industry/government bodies, anything but doing it again. The choice to do this is often brought on by the syndrome of being able to take money off the table early, even before their start up has played out completely. They have been able to invest in other brighter players as they go along, seen inside the minds of the bankers and I assume get used to a level of lifestyle. That makes it difficult to contemplate betting it all on the next big idea and going back to the world of zero.

This is less of an issue in Silicon Valley, as the numbers play out given the volume of start ups there, here in UK/Ireland the numbers do not stack up. We need every experienced entrepreneur to stay in the game and build again given there are so few capable of doing it. The PR machine does not help, building these people into industry spokespersons, they get invited to attend numerous events globally to tell their war stories and so the guru status builds. Given the nature of the technology business, often still young people at this stage, I can see how easy it would be to lose sight of the reason they built their first start up …. to win.