We launch our Startupbootcamp rotating blog series with Thomas Jam Pedersen (Startupbootcamp team 3DJam)
It’s true, Something is indeed cooking in the Copenhagen startup kitchen!
I
have been engaged in the start-up scene in Copenhagen for more than 10
years through two previous start-ups and a number of local
networks which are here to help create more growth-oriented companies in
the region (such as CONNECT Danmark, VentureCup, Vækstfonden, StartVækst, DVCA, Business Angels networks, Nordic Venture Forum).
During all this time there has been a lot of talk about how we can best
work together to make the start-ups more successful here in the
Copenhagen region. Basically everyone agrees that the team is more
important than the idea. For example I remember a talk by Nikolaj Nyholm at a big event five years ago at CONNECT Denmark about this topic and another big discussion hosted by Christian Motzfeldt
at CONNECT Denmark’s 5th anniversary dinner with the topic: We need to
focus on the few with high potential, but who shall select them?
The
truth is that most investors in Denmark are generally highly risk
averse and this has certainly worsened since the beginning of the
financial crisis. There are many people in the region who want to help
the start-ups get off the ground, which in itself is great. However,
until now this help has not been well organized to make it easy for the
entrepreneurs to tap in to. In my opinion we did not move very fast down
the road towards the goal of creating more successful start-ups in
Copenhagen; until this summer.
I found the words: “Something is cooking in the Copenhagen startup kitchen”, and I had to go explore it further. It turned out to be about all of the recent initiatives in Denmark, among which was Startupbootcamp (a start-up accelerator inspired by and affiliated with Techstars).
Basically, TechStars has had a 70% success rate of the companies they
pull through their program, which is an incredibly high number compared
to what any other program in the Copenhagen region has been able to show
in the past.
Roozz technology:
As it so happens, I had my own product,
which we had been working on for almost 2 years. All along I knew it
had great potential of reaching a huge global market but, being a
software engineer, I needed help to find the right business model as
well as team to scale the product into a mega growth start-up. The
outlook:
The distribution channel for software can be divided into 4 channels:
- CD’s sold in shops (does not support pay-per-use)
- CD’s sold in webshops like Amazon and shipped to you (does not support pay-per-use)
- Downloads sold from webshops (does not support pay-per-use)
- Software sold in appstores and able to run “online” following your login
Today
the majority of software sold globally is sold via the first two
channels, but there seems to be agreement within the industry that it
will eventually move towards the last the online platform.
However,
some also say this will happen slowly as most of today´s applications
and games have to be reprogrammed to move to new platforms, which
usually takes from 3-6 month. However our Roozz technology
solves this problem very elegantly. In less than one hour, it
transforms an existing PC game into an online game that run in the web
browser and uses pay-per-use – and we don’t need access to the source
code. When Google opens their Webstore later this year
we forecast that it will be the beginning of a rush to move software
from the old distribution channels to the new and we think that the
Google webstore could very well become the biggest channel for software
sales in the world. What do you think? Please leave your comment below.
The
plan our team is to get the business model for Roozz technology right
and get ready to scale the start-up through Startupbootcamp 3 month
program. During the program we will meet more than 60 very talented
mentors who can give us feedback on our thoughts, plans and approach.
Every day we meet with a new mentor who asks critical questions and helps
us find solutions to the problems we face. But what is probably most
important is that the mentors are highly connected and are happy to
help us find other people in their network who can give us expert
knowledge and feedback on almost any special topic. You will not get
this type of help anywhere else, it is simply phenomenal.
We need your support, Copenhagen!
I meet Alex Farcet
for the first time 1 month ago and my positive impression of him has
only been growing ever since. In short I think Startupbootcamp is the
best that has happened to the Copenhagen startup scene in a very long
time I urge everyone who can help to support this program in making sure
it happens again next year so please spread the word the and the hype.
-Thomas Jam Pedersen