As some of you know several others and I were on #STHLMTECH on october 13th. Tim wrote a good summary about the whole event. I just have a few of my own insights to give to you.
A big thing was that AMAZON web service is starting in Sweden just because of the amount of entrepreneurs here. this is interesting because AMAZON is a really big company worldwide.
The main point of the event was about refugees and there were a few of them that aspired to be entrepreneurs that ware on stage. it is a good discussion to have nowadays because the migration issues are being noticed. In this part of the program they presented an idea of an app for refugees, they called it WELCOME, a place for refugees to create events and social groups. a good idea in the long run.
Another thing that was happening on the event was that I realized how hard it is to compete with other parts of the world, for example how competitive China is. They could copy a product really fast and therefore probably take your market if you are not looking out! the counter things you should create value that not only is on the hardware level. you should create an ecosystem that they would have hard time to copy. And if you are trying to compete with China you should just quit right now, their work ethics greatly exceed ours and many other countries.
Tim forgot to mention a third unannounced pitch. there was supposed to be three pitches on stage but the last group did not come, however someone from the audience came up instead with their idea (great initiative that shows the atmosphere that was!).
This pitcher had an idea about an app that lets you share advertisements on your social account and earn money that way. The investors broke down this idea very hard. however the person had great counter arguments too. The app was going to be called some thing like Payshare or Sharepay.
PS: The drink that they offered was made of green tea and tasted really bad, i guess not every Startup is good in a taste sense 🙂
