BRW’s Tony Blackie wrote an article on BSI’s and AlwaysOn event in Silicon Valley. Article in Emerging Companies on 11 October 2007
Excerpts of Article:-
“Companies with Innovative Technology need to pitch their ideas professionally at the source of most venture capital… the United States.”
Christine Tutone fom Aditlast said that the event has become one of the main events for aspiring and global entrepreneurs who want to showcase their inventions, products and services to an audience of more than a thousand technology , media and advertising chief executives, media buyers, venture capital and private equity investors, and the technology media.
Dean Mcevoy, founder of Booking Angel, which provides software to give instant confirmation of online bookings and reservations, said that the event was a vital part in the evolution of Booking Angel, and that all Web 2.0 companies should think Global from the start. Knowing how to get in touch with venture capital companies and investors is the key. He admits he tried to do this on his own a few years earlier… but found it difficult without the network that BSI was able to provide.
“If you have a good idea and can’t get traction in Australia, go to the USA and there is a good chance you will get support.” Says Mcevoy
Glynx Founder, Malcolm Allen, has developed a peer to peer social network site. He said tha as the product has global applications, it was important to access global corporate markets. The tour paid dividends in that he was able to present to several hundred Silicon Valley investors and business people at a lunch organised by BSI.
Allen said that if you think you have a world beating software idea then you have to go where the world-beating software ideas are – Silicon Valley.
The US trip was organised by Business Strategies International, an early stage capital raising, venture capital and business incubator company. BSI has set up shop in San Francisco to get Australian Innovation closer to a source of capital and opportunity. The aim is to get Australian Technologies in front of the right people.
Over the years, the Always on Events have had a star studded speaker list including Google Founders Sergey Brin and Larry Page, Skype founder Niklas Zennstrom Marc Benioff of Salesforce.com, Verisign’s Stratton Sclavos and Jonathan Schwartz of Sun Microsystems.
BSI is planning to take 10 later stage Innovative Companies to the ALwaysON Summit in the First Week of December. Companies Interested in attending should contact Ivan Kaye on ikaye@bsi.com.au or David Brown on dbrown@bsi.com.au
for more information go to http://www.bsi.com.au/exports/article.asp?id=145
