Entrepreneurship

ETRE 2008

I did attend ETRE 08 in Stockholm the other week courtesy of Red Herring and Peter Sandberg (at Moyume), it was a very inspiring event, and I meet a lot of interesting people.

This was the 19th ETRE, and gathered movers and shakers from all over the world, from Berthelsmann, Press, Entrepreneurs, Banks to VC icons such as Tim Draper and Swedish financial elite’s such as Marcus Wallenberg.

I think ETRE is set apart from many of the events I have intended, and provided an excellent networking opportunity to meet, discuss, and exchange ideas with some very interesting people from all cornors of the world, and can be highly recommended.

Next year, the 20th ETRE, should be something special (Alex, the CEO of RedHerring hinted it might be in France), so check out Red Herring for more information during next year.

I will also be attending SIME 2008, and blogg live from the event, so watch out for that here!

Next Link – Automated blog analysis

So Monday again, and time to fulfill last week’s promise of a link a week until Christmas, this week’s link goes to:

Mattias Östmar and Prfekt, that is offering (and building a tool for) analysis of blogs based on Myers briggs Type Indicator (MBTI) and some other psychology tools for analysis.

Of course you can apply it to responses to blog posts (the readers), and get a profile for the readers of particular group. The interesting idea here is that it will allow advertisers or brand owners to get more in-depth trend analysis of how there brands are perceived and in which context.

Now you need to think about that it’s the analysis of the persona as portrayed on a particular blog, not the person as such behind it (the same person can have different “personas” for different blogs they write).

“Our product cures you nicotine craving much quicker and more effective”

Discussed the Christensen’s book “The innovators solution” on CJ’s blog, and how important it is to think about less of your product and more of how the product will be applied and used. I we move the analogy out of the tech industry into something such as the tobacco industry that actually do sell products that will kill you albeit more or less slowly, it becomes more evident.

The “job” of the cigarette is the whole situation where a cigarette is consumed, and the tobacco industry really understands this.

If cigarettes were sold as many tech companies sell their products; they would sell it as “Our product cures you nicotine craving much quicker and more effective”, but the customer is probably going for “looking sexy”, feeling sexy, relaxed, feeling cool etc.

By using the “job” analogy approach you move away from the specs of the product and look at the customer and how your product might change or be part of a specific scenario.

The Henry Ford quote still applies; “If you asked my customers what they wanted, they would have said a faster horse”, you need to address needs not wants, the customer want is created out of a their perception of a solution of their need (which very often do not fulfill their actual need), and sometimes customer do not even know what they need. This is the tricky part… Many companies have failed listening to the customers and giving them what they say they want (brings us to Christensen’s first book, the innovators dilemma, his books are really a must read!).

I am Londoner torn between my love affairs….

I have three love affairs; London, San Francisco and my girlfriend/fiance Anna (guess which order!).

I am in London right now, I am getting ready for my big move from Europe to San Francisco, I setup my new US company and I am working on getting the E-2 visa organized, and I got rid of my London apartment… God how I will miss London…

Being a Swede, but not much much of Swedish in culture, London is all I never knew I wanted. London is nothing like Sweden; it’s multi cultural, people come from all over the world and opportunities are plentiful for everyone that want a go at them.

But don’t be mistaken London is tuff, but the rewards and people are great, the Swedish way of easy wins and low rewards, and uniformity is not my cup of tea. Keep in mind that the british myth of “stiffness” is far away from reality, just think about the multi-cultural society London has been for hundreds of years.

I know for sure I will miss London, and in particular the feeling I get whenever I am “home” (I am a busy traveller…), which is what London emotionally has been for me for quite some time. A number of Swedes I know living abroad for years are still felling home in Sweden, but thrive wherever they are.. I feel home here in London, to paraphrase JFK; “I am a Londoner”.

I went to the Oriental Club with a friend today. This might be a way for me to keep a connection to my emotional home, and a home here in London, when moving to San Francisco.

So this is my oboe the one of my loves; London, another of my loves is San Francisco, so I think I will do well over “there”, but I will for sure miss London.

Nicolai – The Franciscan Londoner.