They put it like this “SLUSH is a leading startup conference in Northern Europe and Russia. It brings together the early-stage startup scene in the region along with top-tier angel investors and venture capitalists from Europe and the US.”
— Antti Saarnio (@AnttiSaarnio) November 9, 2013
Unlike its seemingly humble introduction, the first presenters of the conference are some mindboggling high-profiles in either tech or business industry.
First off, you’re familiar with Jorma Ollila, right? Former Nokia CEO and chairman in its hay day. Niklas Zennstorm, Co-Founder at Skype and Toomas Hendric Ilves, President of Estonia. Prime Minister Jyrki Katainen will be there (cable Factory of Helsinki) for the opening show.
Apart from the fact that, these start-up companies neither have volcanic revenues like Google, Apple and Intel nor have noticeable impact on the overall GDP but someone must start from somewhere! AMD too, was created by bunch of engineers and now it’s the second largest chipmaker in the world.
Start-up companies are a good place for investment as well. They are easily managed, more maneuverable and less resource hungry. Advance Micro Device has selected fabless path and now it’s much smaller than what it was three years ago. Don’t forget, AMD has turned into profitability this quarter despite the declining PC segment thanks to its “startup acting” strategy. As I was saying, SLUSH is an important place for investors and they are just there. You prefer in names? There you go, Kevin Comolli and Rich Wong, General partners at Accel. Ben Holmes and Francesco De Rubertis, guys from Index Ventures.
It’s worth noting that folks from ZDNet, The Guardian, Forbes, WSJ and Tech Crunch will be there to cover the event.
Seriously what is all that buzz for? Well, here’s the surprise, have you liked breaking bad series? Not only it’s one of the best television shows but also one of the most scientifically made series as well.
Eagle-eyed authors at The Economist came up with a great article reviewing the business stand points of the show and they hit the nail in head!
According them, the first lesson one can learn from the show is that high-growth businesses come from unexpected areas. So that’s why SLUSH is an important place for either investors or politicians where they can inspire, invest and connect.
Mr. White, the main character of Breaking Bad, Who is a chemistry veteran, wanted to use his experience to revamp traditionally managed businesses.
William Thorndike of Harvard Business School (HBS) figured out that eight bosses whose companies outperformed S&P500 Index by 20 times in their career were outsiders and fundamentally looked at the world with marginal lenses ( I’d like to say fish-eye lenses! ). Clayton Christensen, also from HBS continues and tells us that Bill Gates, who was a university drop-out; built himself a startup firm in Albuquerque thanks to his ambitious vision to the computer world and created today’s biggest software company on the planet. Where I’ve heard about Microsoft?
To win the fierce battle in business segment there are three rules needed, said the chemist.
First one is Huge ambition. Being unlike, requires ambitious visions and from that perspective, guys at Jolla decided not to go with Nokia and acted like rebels to shove ordinariness.
Step up to the second, the product obsession. Following the Unlike motto, materials should be that classy as well. Who on earth distrusts “designed by Finns”?
Third one and probably the most important one is partnerships and alliances. It seems Jolla knows how to game; Bridge Program and D-Phone partnership are obvious proofs, aren’t they?
One of the occult keys to success, according to the article, is perfecting the products. During the thousands of years of history of men, “Perfection” was the engine for development. Steve Jobs revolutionized Smartphone business due to his tireless management for perfection. (I can hear what you’re saying, yeah!). You can add Goldman & Sacks and Hewlett & Packard to the tycoons.
Startup companies are now gaining traction from EU governments recently as the latter see the new born firms are vital for steadily growth in the future. For more details, you can check out this article.
— Antti Saarnio (@AnttiSaarnio) November 9, 2013
All the above was a tiny hint to the growing importance of startups among governments for a future proof economy. The moral point of the story is so simple!
JollaSuomi’s Toni Aaltonen says that on Thursday at 12:20 and 13:20 local Time, Marc Dillon, Head of software development, will stand on the stage and give us some new information that we are deadly waiting for. The content is still unknown, but a tweet from Tomi Pienimäki, CEO of the battleship (I don’t like to say sailor of a small fishing boat 😉 ), suggests that they could reveal the date of Jolla launch. Still, it’s not clear. Just for a recap, last year they introduced Jolla in the same event, SLUSH. Marc’s speech will be probably live streamed so until then keep your low profile and stay tuned.
Gotta say that the big-bang is near to take place at JollaUsers! Don’t ask when 😉 it’s sooner than later!
Source for Breaking Bad part: Click here to show Economist.com
Many thanks to James for editing and photos.