mmCHANNEL at Sillicon Valley - EuroTech Day 1

As I mentioned on one of my previous posts, we had been selected to participate in the EuroTech conference here at the valley. Although the investment was significant both in terms of resources and time our Head of Market Development Marc Rose and I decided to attend, having in mind that one of our forthcoming strategies could be having the North American market as an entry point and also because we felt we wanted to establish relationships with both investors and companies both in the East and West Coast (and also in Canada)



Day 1 has been interesting. The 3 panels and keynote were really interesting. Good quality panelist, discussions and some quotes to keep in mind, such as:

- Companies more than ever have to have clear if their proposition helps saving money or making money
- Yes times are tough and cash is king but if you have to build a company now is a great time as talent is more available than ever
- Now is the time to get rid of the low performers and look for rock stars. One brilliant engineer may do what 5 normal developers
- Never forget the time is what makes the companies different
- Monetize every transaction and if possible lead generation
- Make available to your salesforce as many sales options as possible
- Investors may be looking for low investments to test hypothesis
- For CEO on tech growing companies it is almost a must to use part of their cash to buy non-organic growth (if you have the cash)
- Innovation is hot in 2 areas: handheld computing (super smart phones (iPhone, G1 & Android, BB Storm among others) and cloud computing

And one final quote that I love "if you smash 2 trash trucks you don't get a ferrari"



We have met interesting companies (tomorrow I will make a short list but same names as goojet, koollage, jamendo and smaato), meet representatives from AT&T ventures and Motorola and make some good VC connections. Tomorrow we have a big day as we have 4 one2one meetings with potential investors and big investor brief presentation
So far we feel lot of interest on our company and the development of our new strategy and product development opportunities (which we have developed several terms one of them being focused communities)

We will let you know how it goes tomorrow