Tag: startups

  • Rolling out innovation on 5G mobile networks

    Rolling out innovation on 5G mobile networks

    “We’re in the flip phone era of 5G networks, people don’t realise today’s 4G mobile standards were written for the era of the flip phone,” says John Smee, the Senior Director of Engineering at Qualcomm Research

    John was speaking to me at chipset manufacturer Qualcomm’s San Diego head office to discuss the next generation of mobile phone services.

    Putting together communications standards isn’t a simple thing, as John says “what we’re discussing now is what today’s five year olds will be using when they turn fifteen.”

    John sees the new standard as giving the next generation of internet giants their market opening, pointing out companies such as Facebook and Uber benefitted from the rollout of 4G networks and some of today’s startups will get a similar boost from 5G services. “A few clicks and you’ve ordered a ride. That wouldn’t have been possible without 3G connectivity, high powered smartphones and networks that are scalable.”

    “What are going to be some interesting new startups that become huge multibillion dollar industries from 2030,” he asks. “By definition we don’t understand the future.”

    For telco executives being a ‘dumb pipe’ is one of their nightmares and John believes they can avoid that fate in a 5G world by concentrating on their advantages with licensed spectrum. “If they are looking a high reliability and low latency services then the quality of the connectivity they can offer becomes essential,” he says.

    While the standards groups continue to work on the 5G standards, the technologies continue to evolve. John Smee’s message is that these new products are going to offer opportunities for new companies.

    The trick is to figure out which of today’s startup companies will be the Uber or Facebook of 2025.

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  • Pivoting the business of speakers

    Pivoting the business of speakers

    Today I had the opportunity to tour the Santa Barbara headquarters of smart speaker manufacturer Sonos. I’ll be writing up a some more detailed accounts of some of the interesting things this fascinating company does.

    One thing particularly interesting thing about Sonos is how it was established by four veterans of the original dot com era who had no experience in audio hardware or technology but had a vision of how they would like the stereo system of the future to look like.

    That vision hasn’t come without change for the company, the shift to streaming has meant Sonos itself has had to pivot away from its original business model which entailed layoffs for the fast growing company last year.

    How Sonos is navigating that shift, along with fostering a culture of openness and innovation is an interesting story that I’ll be telling over the next few weeks. In the meantime, my head is spinning from information overload.

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  • Industries of the future on display

    Industries of the future on display

    One of the challenges we face in looking at the economy’s future is going lies in identifying what tomorrow’s industries will be.

    I’ve spent the day at the 500Startups pitch day at the Computer History Museum in the heart of Silicon Valley listening to the startups on the program making their investment spiels and in many ways those businesses are a glimpse of the future economy.

    While not all of these businesses will survive, and many will pivot over time, they do indicate directions the economy is taking.

    The question though is what sectors will drive jobs growth over the next quarter century and whether those industries will pay enough for workers and their families to survive, let alone keep a consumerist economy ticking along.

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  • Diversity and startup success

    Diversity and startup success

    There are four factors that seem to be key to the success of startup business and one that doesn’t reports the Harvard Business Review.

    A survey of six hundred investments over the past decade by First Round Capital found the best predictors for success were that at least one of the founding team was a woman, one had been to an elite university, some had worked at a top tech firm and the average age of the team was under 42.

    Interestingly First Round’s successful investments weren’t dependent upon the businesses being based in the Bay Area or New York.

    Those factors may have something to do with the focus of First Capital’s investment managers but the results are food for thought.

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  • A lack of systems, process or even a working website

    A lack of systems, process or even a working website

    The first ever guest of AirBnB tells his story. At the time the site had no contact details and Amol Surve was desperate to attend the San Francisco’s Industrial Design Conference in 2007.

    He tracked down AirBnB co-founder Joe Gebbia to get the air mattress and the business was born.

    Which shows a good business idea doesn’t need all their processes and technology in order to prove it works. Something that anyone with a new business idea should consider.

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