Archives for the month of: March, 2014

Once at a Dreamstake event I met a very enthusiastic ‘entrepreneur’ who had 5 great startup ideas he was working on. He was trying to talk to everyone at the event to get feedback and understand which one would be the best.

Ideas are cheap. There are hundreds of websites with really sexy ideas for new businesses. It’s not the idea that makes a great business – it’s the execution.  Without a doubt. There will be a lot of ups and downs and when ‘downs’ happen there has to be something what brings you up – and that is a passion.

So you have a great idea, that you are passionate about? How do you know that it is really a promising business? How do you test it and avoid failure after spending years and years on building what you think MAYBE a brilliant business?

A couple of years ago I had a similar struggle. I wanted to start an online business, but I didn’t know what to do, where to go, how to do it.  That is one of the main reasons why we started Dreamstake. This is the motivation behind our free Dreamstake Academy workshops.

Digital entrepreneurs are much more fortunate these days. There are books like lean startup, networking events, great resources for learning online. Accelerators are popping out like mushrooms. So why not benefit from free and really valuable advice? We start our first of many sessions today – From Idea to Reality. It may seem too good to be true but it’s free!

Blog by Marina Atarova – Co-Founder of Dreamstake an online network, that provides end-to-end support for entrepreneurs wishing to get a startup funded in the shortest possible time. The startup rating system allows entrepreneurs and investors to monitor progress.

Dreamstake Academy  provides guidance on how to create a successful startup. Dreamstake will link startups with suitable mentors and professional advisors. Startups that have successfully achieved an acceptable rating will be given the opportunity to feature at monthly demo days and investor pitching events.

Okay so we all accept that London can never rival Silicon Valley.  The Valley has many years head-start and a wealth of success stories.  We have a bunch of wannabee founders, conservative investors and the City is sucking in all the best talent. However, times are changing and I would argue that some small changes would produce a snowball of success stories.

London is a much bigger market than San Francisco. The level of wealth generation is unprecedented. London is a magnet for uber rich and international talent. At present, only a small percentage of this talent is engaged in tech startup activity. However, the Government has done a lot to make London the best place to set up a high growth business. The SEIS and EIS tax breaks, Patent Box and other incentives make it attractive to invest in UK based startups.  It will now only take a small shift in activity from the City into startups to ratchet up activity to record levels.

London has natural advantages where it comes to merging tech with fashion and other creative sectors. The reducing cost of tech will mean that it is far easier to build platforms. The next set of challenges will centre around creative innovation, an area where the UK has always excelled. For example, London is seen as the centre of fashion innovation, has lively music and arts communities and leads the world in many creative fields.

I believe that London is on a roll. It is important to ensure that we don’t lose momentum at this vital point. The Government needs to continue to make it attractive for entrepreneurs to launch startups rather than waste their talents in finance. We will then see some success stories coming through which will persuade others to follow.

Blog by Paul Dowling – Founder of Dreamstake an online network, that provides end-to-end support for entrepreneurs wishing to get a startup funded in the shortest possible time. The startup rating system allows entrepreneurs and investors to monitor progress.Dreamstake Academy provides guidance on how to create a successful startup. Dreamstake will link startups with suitable mentors and professional advisors.
Startups that have successfully achieved an acceptable rating will be given the opportunity to feature at monthly demo days and investor pitching events.

 

 

Which is your favorite model? No, I am not talking about Cara! I mean fashion tech business models! ;)

I don’t know about you, but I don’t have time to chase down the perfect pair of shoes all over town. However, I love fashion, I spend most of the time in front of my computer and I dream of a new wardrobe for each season. So I guess, I am the perfect customer for online fashion retailers. But what is actually out there for online fashionistas and fashion geeks like me? I would like to show you a couple of my favorite online fashion ventures with some explanations behind why I love them.

Net-a-Porter – an online luxury fashion retailer and my ultimate fashion tech ikon and hero. Their amazing CEO Natalie Massenet has not only survived Dot.com crash and completely hacked the luxury fashion industry, but has also created a world wide multi-billion dollar business. I also absolutely adore their related ventures – THE OUTNET, an online outlet and MR PORTER - a luxury menswear online stylist.

Lyst - a personalised fashion retailer and personally one of my favorites. This is not only because of the adorable founders but also the clean and slick, easy UX.  You can’t pass by without finding the perfect shopping inspiration. I find their price scroller function absolutely genius. It enables shoppers to regulate the price range of items and helps to control your budget.

Nowfashion – Did you always want to participate in London or New York Fashion Weeks? If yes, this website is a place for you.  It shows you all the latest designs and collections freshly off the world’s catwalks. Their perfect web design gives you THAT feel as if you are joining Anna Wintour at the front row. Fascinating idea, I just wonder what’s their revenue model?

EDITD - is highly relevant to the fashion retailers, buyers and designers. They are ‘invitation only’ and have a sophisticated system to statistically analyse data from the fashion industry. However, if you are a fashionista, you will also love their current blog that combines all the recent trends that are shown online. Worth checking out!

ASAP54 - a very new app, launched last week. What can I say? The dream of Shazam for fashion seems to have nearly come true. The app clearly has some very complex technology, to recognise images and enable you to search and buy similar items. What a fascinating idea, but is it really that new?

If you join us on 19.03 for our next Fashion Tech Demo Day, you will find out that one of the companies we are partnering for the event is Cortexica which is the biggest provider of the white label technology for image recognition! Moreover, you’ll get a chance to participate in panel discussions about fashion tech with current leaders in the field as well as meet the upcoming fashion star startups.

Don’t miss it – it will be fabulous!

 

Blog by Marina Atarova – Co-Founder of Dreamstake an online network, that provides end-to-end support for entrepreneurs wishing to get a startup funded in the shortest possible time. The startup rating system allows entrepreneurs and investors to monitor progress.Dreamstake Academy provides guidance on how to create a successful startup. Dreamstake will link startups with suitable mentors and professional advisors.
Startups that have successfully achieved an acceptable rating will be given the opportunity to feature at monthly demo days and investor pitching events.