Wow, amazing work on the GigMonkey talk Michael. We can’t wait to see the other segments!
p.s. We’re just turned on the Disqus commenting system here. It is much more powerful than the built-in WordPress one, particularly when it comes to showing the distributed conversation on sites like Twitter about your posts. Let us know if you have any problems with it. It syncs with the built-in system so if there are any issues, we can just turn it off.
We’re a little slow with the news but it’s still worth mentioning and giving some extra background. Robin Blandford of D4H won the €10k IQPrize last Wednesday and Plink won the audience award of €1k for their elevator pitch.
As one of the judges I can honestly say it was both a privilege and a joy to listen to all 8 pitches on Wednesday. Making the final decision was very very difficult due to the quality of all of them.
If you are an investor, I recommend you study each of the 8 very closely. It is our belief that several of them will have massive exits in the next 1-2 years. All of the others will have very successful businesses and I look forward to being a customer.
The most important aspect of the IQPrize which seems to be impossible to get across to those in power was that it was entirely bottom-up with no cherry-picking or high-potential-labelling or expert-selection or jobs-for-the-boys or who-you-know or what-you-have-done-in-the-past.
Anyone could enter. Anyone.
And because of that we saw the depth of the entrepreneurial spirit in Ireland and the eagerness and hunger to build great businesses as the Zombieconomy collapses around us.
The other critical thing we saw was that many of the applicants had amazing ideas or technology but didn’t have the business background needed to make it a huge success. Incubation programmes like Genesis and Hothouse are critical here but perhaps many of those who benefited from the the boom of the past few years might like to give something back? They could offer to do more than mentoring and actually come on board with some of these businesses and help them go global. CEOs and VPs of Sales in particular could help enormously.
In 249 biz plans there were maybe 5 lunatics. I hope at least one of those proves to be a visionary and we just didn’t see it.
If you didn’t make the final 8 this year, tighten up your biz plan and have another go when the next event like this appears. There will be some feedback later in the summer from the judges overall on what worked for us and what didn’t in terms of biz plan. It was interesting that despite our wildly diverse backgrounds, we usually agreed on those points. Hopefully that will help everyone who applied to build a newer better kick-ass plan.
Well done to D4H, well done to Plink and well done everyone who applied.
The IQPrize pitching and judging will run from 9am-5pm tomorrow. Good luck to all the finalists.
The winner will be announced at a party afterwards which is on from 7pm-9pm in the Source Bar, Level 5, Guinness Storehouse. Each of the finalists will give their elevator pitches before the winner is giving the giant cheque. All attendees can also vote in the People's Choice award where one of the shortlist can win an extra €1,000.
The first Facebook Garage was so popular we had to have another one pretty soon after. On Thursday we had 150+ people crammed into a room in the Radission SAS to hear 5 speakers talk about different aspects of their experiences with Facebook.
It opened with Sean O’Sullivan from Rococo presenting their GigMonkey App. Plenty of technical meat in there about the various challenges they faced and some interesting comparisons with Bebo.
After the break, Flavien Charlon took everyones breath away with his description of the growth of My City. He currently has close to 500k active monthly users on this Facebook App. His talk covered everything from technical issues to growing a userbase and monetizing.
Finally Colm Long who runs Facebook EMEA gave us an insight into where Facebook was going, theeir approach to ads and the shocking growth figures for Facebook in Ireland. One important point that he highlighted was what a small company Facebook is (~900 people). So when development slows in one area e.g. Groups, it is only because they are resource strapped.
Michael Clyne took video footage of the entire event which we hope to post here next week. If you have any photos or videos, please post links to them in the comments.
The inaugural Techcrunch Europe Award nominees have been announced and there are plenty of Irish companies in there. It’s a public vote, so head on over and keep the flag flying for a lot of great apps and businesses.
The awards are particularly gratifying because there are so many businesses that are new to me in the list. The entrepreneurial spirit is alive and well in Europe. Now if only an Irish VC could dazzle everyone and become worthy to join the 2010 nominees.
The Irish are (and let me know if we’ve missed any):
The Press Release on the IQPrize has just gone out and the important bits are as follows.
Decisions For Heroes (Robin Blandford) A web application that saves lives by helping rescue teams record and analyze their rescue operations and training
GetitKeepit.com (Alan Coleman) A web application to help consumers declutter their lives by offering an online portal for the management and retention of important documentation
MyHotel.ie (David and Matt Sherlock) A website and booking engine that reinvents the traditional booking model, offering hotels a powerful new marketing channel with no booking fees
Neurosynergy Games (David Delany, Lorraine Boran and Michael Boran) Innovative online brain training application designed to enhance both intellectual (‘IQ’) and emotional (‘EQ’) performance for healthy people and people with specific mental disorders
Octopied (David Behan, Ronan Morris and Michael Flanagan) A web application for freelancers, helping them manage invoicing, project management, sales and support through one simple and cost-effective tool
Our Writers' Bloc (Owen Gallagher and Karl Quinn) An online marketplace that connects self-published authors directly with their readers, and facilitates the distribution of material over multiple formats including mobile phones and e-Reader devices
Pendle House (Michael Furey) An online currency exchange marketplace that allows companies and individuals around the world to trade currencies directly with each other, cutting out all transaction costs
Plink (Mark Cummins, James Philbin) An image-driven search engine that allows users take a photo of an object with a mobile phone, and automatically retrieve information about it online
On July 8th, the final candidates will make a Dragon's Den type presentation to the judges, followed by a public event where the candidates will be able to make a short elevator pitch to the audience. The People's Choice Award of €1000 and the Grand Prize of €10,000 for the overall winner will be announced at the end of the night.
To add my 2 cents as a judge, I was honestly blown away by the quality of all the biz plans I reviewed. I expected that there’d be lots of badly thought-out, lunatic fringe stuff but I was completely wrong. 90% of what I read could make a feasible business.
Selecting the final 8 was bloody difficult because there were so many great ones submitted. I fully expect to see a ton of those who submitted plans running highly successful businesses over the next few years. I hope they all go straight to their County Enterprise Board or Enterprise Ireland and give them the same plans they sent us.
I don’t know who will win the prize but those 8 businesses could easily generate €100m+ revenues between them.
Here’s hoping IQContent are getting non-stop calls from EI and the CEBs to get access to all the other fantastic plans.
This free event gives you the chance of meeting iPhone developers and interacting with offical Apple engineers.
There will be sessions on iPhone development, user interface, marketing and business aspects, as well as a ‘Hack Room’ for you to go ahead and try out what you learn during the sessions.
This is the must-attend conference for anyone innovating with Apple technologies in Ireland.