Of all the guest lectures that we’ve had, only two of them made a very lasting impression. (This is mostly due to personal interests – all guest lecturers were all very inspiring!)

The first one is when Karin Nilsdotter visited. It was probably the coolest thing that’s happened for a long time, as I have always been faschinated with space and astronomy – looking at the stars (cliché, I know…) always gives me this peculiar feeling of being very unprotected and vulnerable in a good way. Like, there is actually no shield around the earth as I sometimes feel like we have. We are actually nothing else than just right out in open, vulnerable to any disastrous space acitivity that our solar system or galaxy or universe feel spontaneous about… Pretty powerful, right? Moreover, traveling to space as a “tourist” is something that’s been on my agenda for a long time, ever since I read about a multi-millionaire being the first human being ever to do  tourist space. And I am hoping that in 20 years or so, such travels will be much cheaper than what it is today and that I will still be in a very good physical shape to make the trip.

I also think that what Karin is doing is the essence of entrepreneurship through combining existing and new front-end technology with a business model and new ways to do business to commercialize space travel. Although it is not the immediate kind of need most people think of everyday, targeting everyday-needs, it definitely feels very obvious and of-course once you know of it. Which human being doesn’t want to know more about our existence? Who doesn’t want to experience something so much more powerful than just ourselves, our existence and our own consciousness?

The second lecture that has resonated much with me is the one with Gregg Vanourek abour Entrepreneurial Leadership and the ethics and morals of entrepreneurship. This lecture resonated with me because I am someone who strongly believes in taking responsibility and being honest. And  finding investors is such a crucial part for a venture, and the lecture’s practice gave me a good insight of what a real-life complicated, risky and uncertain situation in both starting a business and in finding investors would be like. You always hear that it is risky and confusing and chaotic but during Gregg’s lecture, we got to experience it. Even though it was in a very mini-format, it was still valuable. And what we really felt was the time constraint and fast pace a startup operates in, having to make the “right” decision so quickly whilst trying to miss a fantastic chance of investment. Moreover, it was also nice to learn that lying for investors is a serious crime – good with regulations for dishonesty!

Besides the case,/practice, I also appreciated to learn that a business is also about the heart (vision, values, etc.) and not solely the brain.  It connects back to the fact that you have to be passionate and belief in what you do as well as the softer skills to lead an organisation if you wanna succeed with a startup, thus making entrepreneurship sound even harder than what I already see it as…

Overall, I have really appreciated the guest lectures. It was very good to meet real-life entrepreneurs and hear their stories and they have to say.I really admire them because I think that starting a business and making it successful is the most difficult thing there is.

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IMBATECH just got home from an amazing evening at Help to Help’s startup event. A lot of people interested in Help to Help and social entrepreneurship in general gathered in a hot but cozy part of Nymble to hear about Help to Help and mingle around with the other attendees. Snacks were provided and cheap beer could be bought – a perfect way to finish the day. During the event, Help to Help acquired several new monthly donors. A man even convinced the attendees to donate money for Help to Help’s cause, which in total raised 1300 SEK on the spot. The atmosphere was vibrant and everybody had a good time.

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During the event I started to think about the differences of social entrepreneurs and other entrepreneurs. One thought that crossed my mind is the difference in how they attack business problems. Generally, social entrepreneurs seems to know exactly what the need or problem is but struggle with how to create a solution, while other entrepreneurs struggle with what the real problems are and often even build solutions to non-existent problems (does not apply to all entrepreneurs, of course). But why is this? I believe, that social entrepreneurs were into social good before they became entrepreneurs. That’s why they generally understand the problems better than other entrepreneurs.

Do you agree? Disagree? I’m curious about your thoughts on social entrepreneurship!

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4th of september I was at a Stockholm startup social, at Hornshuset, organised by “stockholm startup weekend”. It was interesting to hear different ideas from different people. One person was developing a new type of smart card, the type of cards that we use for our bank and SL. It turns out there are many “levels” of intelligence on these cards and that the ones we use in daily life are fairly “dumb”, a great number of “smarter” prototype cards exist which have far greater abilities. Another group of guys was working on communication that occurs between companies. I spoke to Sebastian Bensusan, who is currently developing software in order to greatly improve communication. Many people believe that through email, skype and whatsapp our communication problems have been solved. However, communication amongst companies can often be slow and painful. This is where Komunike provides the solution. Especially filling in and signing forms, to make this go quicker and easier. If you´re interested you can contact these guys through their email (http://komunike.se/). It would save a lot of time and hassle if we wouldn´t have to print our contracts, sign them, scan them back in again only for other people to repeat this procedure. The technology exists to this, it is now just a question of applying it in the right way. 

 

 

 

 

 

 

 

 

http://komunike.se/

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A number of weeks ago I attented a “fuck up night” at SUP (Start Up People Sweden), next to Gallerien shopping centre. There were a number of speakers there who did not talk about their succes, but about their failures . This was really interesting, and you could really see that the entrepreneurs had learnt a lot from really doing their best to make something work, but then failing. A big reason for many of the ventures to fail was that their target market (and the rest of the world) was simply not ready for their product. These were mainly high tech products. One of them was a really good MP3 player, a number of years before Apple came with their iPod´s. They made me think of two entrepreneurs in Holland, working on their company called “Sunuru” (derived from Sun Guru). Their technolgoy was based on installments that improved the geometry of the solar panels, so that the panels would always point towards the sun. Their main target market was the USA. They underestimated however that many people in America simply do not believe in climate change, and even if they do they are often not prepared to take measures against it. Perhaps in the future they will start believing in it and take action, but not yet. This is another good example I think of being “ahead of a trend/wave”. I personally see a big “wave”  in sustainable transportation in urban environments, and specifically cycling equipement and facilities. It is my dream and goal to play my part in this, but I can see that as the situation is now the world is not ready for it yet. It will take many years before a “cycling culture” will take a foothold in many big cities (Copenhagen and Amsterdam excepted), and before a favourable market is there which entrepreneurs can exploit.

 

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The lecture of today was very inspiring. I liked the way Vasilis described his life as an entrepreneur and how he reflected about the subject of entrepreneurship. I would really like to visit the Guerilla Office sometime because it sounds like a perfect way to meet new and interesting people. Great idea!!

Also, I got hooked on the things Vasilis said about communication and the concept of being lucky, because it´s so true. Communication, both external, internal and mentally as he described, is the foundation for everything. And being lucky is not about getting lucky, it´s about something else. (Maybe Daft Punk should do a small lyrical change?…) It´s about knowing what you want and then be able to get it. I haven´t thought about it in this way but when Vasilis talks about luck, it makes so much sense.   Thanks Vasilis, you really inspired me! And thanks to Ludwig and Axel for making us lucky enough to meet him!

It´s interesting with people that inspire you. Last week IMBATECH saw that Max Mohammadhassan Mohammad, our course assistant, is on the list of “The 100 Top Rising Potentials”  where the organization 4potentials judge the 4 P´s: proficient (street-smartness), powerfueling (courageous leadership), pioneering (drive) and passionate (hight EQ). Malin Cronqvist, our classmate and the founder of the startup Help to Help that Frida blogged about earlier, is also on the list! Wow!

Here´s a link to the list of 100 Top Rising Potentials:

http://4potentials.se/sv/topplistor-utmarkelser/top-100-rising-potentials/

There´s a lot of inspiring people on that list! Enjoy! 🙂

// Linda

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At today’s class, Serdar gave us the story of his networking life, which proved to be way more interesting than we at first expected it to be; we’ve heard a lot about the importance of networking, but hearing a real life story derived from personal experiences provides a much deeper understanding!

This got us to talking about networking in our lives!

At first glance, KTH is the perfect place for networking; there are thousands of intelligent and outgoing students all around us, and in this, endless possibilities for networking! However, you soon realize that all of these people are students in the field of engineering, and therefore tend to have a similar mindset in many regards; when stuck in this bouble that is KTH, we do not get much interaction with people in the fields of art and social sciences!

Then again, our careers will likely keep an engineering and managerial focus, so having a network based on KTH will absolutely be something positive! Unfortunately, this ensures that we’re stuck in our paradigm until, through chance, our network gets further developed!

At the end of our discussion we came to the conclusion that is is important to actively try and get out of this bubble and diversify our network.

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As our group has chosen to continue and build a business concept around the app Barfinder, I decided to talk to a couple of friends, friends’ friends and friends’ friends’ friends about the idea. We gathered at a local bar a cold Monday to discuss whether this app is something that they would buy, and how we could improve the concept. Below are their thoughts, their tips and their criticism.

sophieSophie, 25: “One possibility to make the app profitable would be to sell statistics from the app to people. Maybe sell it to someone who wants to start a bar, or to people needing statistics on the movement and habits of students. I would like to be able to put an upper limit on the price and maybe also being able to adjust the distance I am willing to walk to get cheap beer.”

erikErik, 29: “For me, it is necessary to be able to adjust the distance and the maximum price of the beer. Also – you need to state the volume of beer that you get for the price; some bars have beers that are 40cl while some have 50cl-beers instead!  A smart thing to do would be to have a business model where the bars pay the app some cents every time they show up on the map of the user; what the bar owners want is to be seen”

magnusMagnus, 25: “I don’t like beer – would it be possible to expand to champagne? But, even if you changed it into champagne, I think it is impossible to make money on this app.”

Marita, 26: “Maymaritabe you should have some extra features in the app? For example: “bars that are open until 01” or “bars that also sell wine”. I don’t know if the users would pay for this app, as the target customer is a poor student. To get the bars to pay for participating would also be hard, as the app would be really bad if only five bars joined.”

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Frida, 26: “I think that the users of the app would be willing to pay a lump sum if they get cheaper beer, or extra popcorn, or maybe peanuts, when they arrive at the bar”

To conclude – it was a very interesting discussion, and we are bringing the thoughts with us in writing and structuring of the business concept of Barfinder. It is clear that the idea is innovative and appealing to the target customer, but that a stable business model is tricky to find! To be continued – and feel more than free to come with your own feedback 🙂

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Tuesday I visited a start-up event called Singularity Evening at SUP46 together with my team mates from BEMPS where Virpal Singh presented his experiences from Singularity University. It was awesome because he presented a very innovative environment with people from all over the word trying to find solutions for the greatest problems of humanity like pollution, diseases, water or criminality. In context of pollution he showed a picture of a dead bird with a lot of plastics in its stomach. In this moment I remembered a young guy I saw on Youtube presenting his venture.

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The venture is called “The Ocean Cleanup” and tries to get as much plastic out of the oceans as possible. It started 2012 when the 17 years old Boyan Slat presented his idea. Solving this problem is very important because sea pollution is responsible for a lot of dead animals or even species, a high financial damage for maritime economy. And the plastic even damages human’s health because the plastic gets through food like fish in our stomach as well.
The idea is innovative and smart because it is totally different from existing ideas for solving this problem which have in common to collect the plastics by a boat.
There are millions of tons of plastics in the ocean but most of it is concentrated in five rotating currents, called gyres. Boyan’s idea is to use the flow and put a barrier in it with a hopper shape so that the particles get collected at one point where you can simply take them out of water. So you do not have to move a vessel for thousands of kilometres, which is nice for your carbon footprint and your budget. In the end you can even earn money through recycling of the plastics you collect at the high concentrated points. This recycled plastics have a nice effect on the environment because you do not need resources for producing new plastics.
The venture has already collected 2.154.282 $ from 38.6125 people so and the pilot is running.
I am telling you this story because I think it is remarkable that a 17 years old guy has the possibility to start such a great project out of one smart idea. And it is a venture which could have an extreme positive influence on the world and its future because it tries to solve one of the big problems of humanity Virpal Singh talked about. The first testing phases are over so the system could run in only a few years and make our planet more worth living on it.
For more information, please check this link:

http://www.theoceancleanup.com/

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On wednesday the 8th of october, some guest speakers were invited in the last lecture of ‘Ideation – Creating a Business Idea’ by Gregg Vanourek. First David Johansson, a life entrepreneur with a lot of interesting quotes and explanations about the true entrepreneur. After the break three short speakers: Nathalie Ahlstedt Mantel from Ashoka Scand, Mohamud Osman from Mitt Liv and Maew Osataphan from SE Forum.

I want to share the story of the first speaker with you. David Johansson, a formal KTH student, is co-founder of Swedish Bar Systems, set up a start-up ‘Secure Mailbox’, another start-up ‘Growyn’, won the SSES Business Plan Competition in 2005 and finished third in the Venture Cup in 2006. Also he is the founder and CEO of ‘Happyr’, a start-up that helps people discovering their potential and finds the perfect job-match. ‘Be yourself and hire with confidence’.

Happyr is a recruiting platform that matches great candidates with jobs they’ll love. To give this an introduction, David defined seven states of entrepreneurship:
– Passion
– Confidence
– Uncertainty
– Doubt
– Solitude
– Purpose
– Happiness

How David started his start-up ideas was passion, he did other stuff (like exploring what he could do) than the stuff he should do (like going to lectures). Passion for him means exploring (himself), push (himself), and the tendency to know more about everything he is interested about. And he is interested in a lot, so knowing more was a very big thing, curiosity is a good drive. Try to make something out of your passion and enjoy it! For example, if your passion is making enormous excel sheets, then try to find people that don’t share that passion and be successful together. Passion is about the stuff that makes you forget about anything else, this will make your journey start!

Confidence makes you go in the right direction, don’t let people who say ‘no’ stop you. Here I like to refer to a quote of George Bernard Shaw: ‘People who say it cannot be done, should not interrupt those who are doing it’. Also your mom probably says it’s a bad idea and says you should just get a normal job like everybody else. If you’re confident (of course for a good reason), stop listening to your mom and start the execution of your venture!

Confidence goes together with certainty, but uncertainty is a terrifying catalyst for action. Face it and don’t push uncertainty. Certainty will start to grow. It is always important to ask yourself the big questions and don’t be blindfolded for information regarding uncertain factors.

Then doubt, the worst thing about it is that it may work against yourself and it can even be destructive. David and his cofounder had different views about aspects in the venture sometimes, they didn’t want to heat up the discussion so heart for the company first and don’t think about it. They focused on other stuff instead and this almost kills their venture and partnership. David says that doubt is like a sickness, with a good immune system you can avoid it and safe your company. So be honest and true to yourself and have some faith.

If you’re an entrepreneur, prepare yourself for being alone. You have to work a lot, so less time for friends, so maybe this results in fewer friends, but hopefully better ones. Also, if you don’t feel at home in the environment you’re working at, you’re probably not the only one. More people are in the same situation, so try to help each other in the times that you’re starting up your own company. And as a leader you should be comfortable that other people lead their own parts of your business. ‘Lead others to lead and you will never stand alone’.

The most important thing when it comes to running a business is purpose. It is the drive for people in your team and for people who want to be in your team. You want people that have more in common with you than just launch the product or service. A shared purpose is the foundation for success, so find people that share your purpose.

And last happiness, happiness is giving you the best working conditions. Happiness does not lie in your goal, but in the achievement of it. You can’t put happiness into your bank account and you can’t touch it.

David also gave us some tips to think efficiently: experience helps you and you can make decisions quicker when you have more experience. He recommended us to watch ‘Mondo Enduro’, a documentary about a trip around the world on a motorbike in the worst way ever. The participants faced so much difficulties and challenges and that made it the experience of a lifetime!
(Link to the video on youtube: https://www.youtube.com/watch?v=bZi9c8QF6E0 ).

But experience is not everything, when you become older you will have less energy, so use it now while you have it!

Read more about Happyr here: https://happyr.com/ (site is in Swedish)

Martijn Legêne

 

(edited, 12-10-14)

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