Spent almost a full day last week in Helsinki by invitation of Aalto Entrepreneurship Society (See also: #aaltoes & on FB) to speak to 10 teams of their Summer of Startups program. All-in-all it was a worthy time investment for me, and I hope for the teams too – after a lecture on the history and learnings from building Skype I could spend about 20 minutes in a mentoring session with each of them.
Characteristically to being just in the middle of a 10-week intense effort of forming their products in such an early seed stage it is far too early to tell which one of them will actually fly as a company. It could be well just 1-2 companies and I have my hunches to which one(s), if any – won’t reveal that before their final pitches on August 10th though. Nevertheless that same hunch tells me that out of the people present the ratio of future success will be much higher, and even if their current concept fails they will find a new idea and potentially a differently formed team that will help them succeed in the future.
Read the rest of this entry »