I participated in a very good dinner event on last Thursday. It was organized by UK The Business Leader Network. We were more than 20 people, entrepreneurs, VC’s, lawyers, recruiters, and finance professionals. One important conclusion from the discussions was that new successful businesses are normally something disruptive in their own business area, but idea itself can come from another business; like for example, peer-to-peer lending and micro-lending are good examples for Grow VC.
The participants also felt that the funding market looks now better than 6 months ago. There was a hope if the worst is over. But still most of companies have a lot of uncertainty. Many participants were interested in the Grow VC concept, and many of them also said to me that new solutions for early phase funding are definitely needed. Especially Grow VC’s global approach was seen as a very important new opportunity for investors to find interesting companies worldwide, and for companies it means an opportunity to find people who can not only give funding, but help to set up business around the world.
I also talked with great entreprenuers, like a young Ph.D. from Cambridge. He has started an analytics service business. He told, how they offer the service in a cloud (Amazon), use Google’s free company email and calendar, and sit around one table. They are a good example of capital effective companies. This is, how young smart people start business nowadays. And those guys need funding models that make sense for them!
