Pitch X’s Winter Solstice

The latest Pitch X event, organised by Academy Xi and hosted by YBF Ventures, was held a few days before the (Southern hemisphere) mid-winter – there may not have been any mulled wine, but there was still a warm atmosphere on a cold and wet Melbourne evening. The judging panel was drawn from YBF, Melbourne Angels, Linfox and Clearpoint Ventures.

The usual format applied: 11 startups were each given 90 seconds to pitch, followed by a 90 second Q&A with the judges. The top three were then brought back for a 5-minute pitch, and 4 minutes of Q&A.

The pitches, in order of presentation were (links in the names where available):

Startup 101

A self-styled online startup school, targeting university students and recent graduates. The core premise is that entrepreneurship is not being taught to undergraduates. The judges asked about the MVP, which was not clear, nor was there a breakeven forecast based on the number of students. The founder is offering a freemium model, based on memberships and services. Looking $500k for software development and marketing in China (a key demographic for this business).

Studio Ninja

This is a cloud and mobile PaaS solution for professional photographers. I first covered Studio Ninja in late 2016, when they pitched at a StartupVic event – and it’s great to see that they have managed to bootstrap themselves this far.

Professional photography is competitive, but margins are low. Studio Ninja offers an end-to-end platform for scheduling, contracts, payments etc. They have now integrated with Xero, QuickBoooks, Google, PayPal and Stripe, and have built a community via their chat app, Facebook group and Instagram account. At a basic $29.95 per month, they now have 4,000 paying subscribers, mainly in Australia, UK and US. but need to reinvest in product development, scaling and building further efficiencies. Users are offered a 30-day free trial, with an average 25% conversion rate, thanks to the hook of discounts for early sign-ups, plus a referral program.

RoamingDuck

Calling itself the “Uber of travel”, RoamingDuck offers travelers access to curated itineraries, based on their personal preferences. Using freelance resources (along the lines of Upwork and Airtaskr), the service uses a travel planning dashboard on which the customer and the curator can collaborate. With a quick turnaround, RoamingDuck can help customers build and review an itinerary within 12 hours. With the ability to consolidate and share, the content is easily accessible to users, who can plan anything – even supporting “self-plan” users with a search function.

Freelance curators come from the ranks of existing travel bloggers and services like Travelo, and are subject to a vetting process. There is also an escrow system, so freelances only get paid when the customer is satisfied. Normal travel agents are quite restricted on what they can access or offer, and services like Skyscanner are great for searching individual fares – RoamingDuck is solving the planning issue, and building the itinerary. Asked whether RoamingDuck can support actual bookings, the founder will likely implement this via APIs.

Wastr

According to the founder, households waste about 20% of the food they buy. Wastr is an AI-powered app that is designed to help consumers use what they purchase, rather than letting to go to waste. The solution allows subscribers to scan their grocery receipts, and in return they will receive recipes, notifications on expiry dates, plus other reminders. The app is offered under a freemium model, with a paid service starting at $2 per month.

VRWalker

Described as “VR for your foot” (or the “mouse” for VR), this is a motorised shoe device that allows wearers to experience”walking” within VR applications, without actually moving.
It’s an idea that has been around for a while, but the founder claims to have filed key patents. The shoes work on the concept of intuitive locomotion (linked to the dantian, or our centre of gravity), and are intended to be much cheaper and much more convenient than existing treadmill-based solutions. The founder hopes to have a working prototype by the end of this year. Likely customers will come from areas like construction, engineering and gaming. The judges asked about how insurance would be handled, and the device could be bundled with existing VR headset devices.

The Nurture Project

The Nurture Project is designed to teach life skills to deal with anxiety issues, which according to the founder, affect 30% of the population. Unlike other solutions, this treats the causes as well as the symptoms, using a well-being model built on 5 core pillars, and delivered via a 12-week online program. It is currently aimed at women in their 30s and 40s.

Natural MedTech

Designed to boost the immune, hormone and nervous system naturally, this has come out of a CSIRO project, with a scientific basis that has been peer-reviewed.

Magicast

This is a decentralised online podcast recording and editing service. Existing podcast software is either too complex, or too expensive. Instead, Magicast uses web-based programme development, publication and distribution, offering a two-sided marketplace for content, sound effects, music etc. The judges asked about international competitors, given that podcasting is very much a cottage industry, with relatively few barriers to entry.

Turtle

Something akin to an Uber courier service, Turtle enables customers to obtain goods from overseas that are not available where they live. Targeting expat and diaspora populations, the platform has an escrow function to provide a level of trust. It was not clear who would be responsible for tax, customs and quarantine issues.

Young Shaman Foundation

Having run a number of leadership development retreats on country for women in indigenous communities, the founder is now seeking funding to develop and extend the program she currently offers.

SecureStack

Helping companies to secure the cloud, with a focus on cyber security, the founder pointed out that key problems are caused by “cloud sprawl” – the uncontrolled proliferation of content, services and applications hosted and running on cloud-based servers. Using a proprietary cloud infrastructure security design, the startup has already secured two clients and $100k in revenues. Now looking to raise $2m, for an 18-month runway, in order to gain 100 clients. The solution is agnostic as to which cloud service clients use. Traditional cloud management and compliance is saturated, whereas SecureStack’s value proposition is in the security layers.

After much deliberation, the winners were:

1. StudioNinja
2. RoamingDuck
3. VR Walker

Next week: The Metaphorical Glass Jaw

The Ongoing Productivity Debate

In my previous blog, I mentioned that productivity in Australia remains sluggish. There are various ideas as to why, and what we could do to improve performance. There are suggestions that traditional productivity analysis may track the wrong thing(s) – for example, output should not simply be measured against input hours, especially in light of technology advances such as cloud computing, AI, machine learning and AR/VR. There are even suggestions that rather than working a 5-day week (or longer), a four-day working week may actually result in better productivity outcomes – a situation we may be forced to embrace with increased automation.

Image Source: Wikimedia Commons

It’s been a number of years since I worked for a large organisation, but I get the sense that employees are still largely monitored by the number of hours they are “present” – i.e., on site, in the office, or logged in to the network. But I think we worked out some time ago that merely “turning up” is not a reliable measure of individual contribution, output or efficiency.

No doubt, the rhythm of the working day has changed – the “clock on/clock off” pattern is not what it was even when I first joined the workforce, where we still had strict core minimum hours (albeit with flexi-time and overtime).  So although many employees may feel like they are working longer hours (especially in the “always on” environment of e-mail, smart phones and remote working), I’m not sure how many of them would say they are working at optimum capacity or maximum efficiency.

For example, the amount of time employees spend on social media (the new smoko?) should not be ignored as a contributory factor in the lack of productivity gains. Yes, I know there are arguments for saying that giving employees access to Facebook et al can be beneficial in terms of research, training and development, networking, connecting with prospective customers and suppliers, and informally advocating for the companies they work for; plus, personal time spent on social media and the internet (e.g., booking a holiday) while at work may mean taking less actual time out of the office.

But let’s try to put this into perspective. With the amount of workplace technology employees have access to (plus the lowering costs of that technology), why are we still not experiencing corresponding productivity gains?

The first problem is poor deployment of that technology. How many times have you spoken to a call centre, only to be told “the system is slow today”, or worse, “the system won’t let me do that”? The second problem is poor training on the technology – if employees don’t have enough of a core understanding of the software and applications they are expected to use (I don’t even mean we all need to be coders or programmers – although they are core skills everyone will need to have in future), how will they be able to make best use of that technology? The third problem is poor alignment of technology – whether caused by legacy systems, so-called tech debt, or simply systems that do not talk to one another. I recently spent over 2 hours at my local bank trying to open a new term deposit – even though I have been a customer of the bank for more than 15 years, and have multiple products and accounts with this bank, I was told this particular product still runs on a standalone DOS platform, and the back-end is not integrated into the other customer information and account management platforms.

Finally, don’t get me started about the NBN, possibly one of the main hurdles to increased productivity for SMEs, freelancers and remote workers. In my inner-city area of Melbourne, I’ve now been told that I won’t be able to access NBN for at least another 15-18 months – much, much, much later than the original announcements. Meanwhile, since NBN launched, my neighbourhood has experienced higher density dwellings, more people working from home, more streaming and on-demand services, and more tech companies moving into the area. So legacy ADSL is being choked, and there is no improvement to existing infrastructure pending the NBN. It feels like I am in a Catch 22, and that the NBN has been over-sold, based on the feedback I read on social media and elsewhere. I’ve just come back from 2 weeks’ holiday in the South Island of New Zealand, and despite staying in some fairly remote areas, I generally enjoyed much faster internet than I get at home in Melbourne.

Next week: Startup Vic’s Impact Pitch Night

 

 

 

 

 

The new productivity tools

With every new app I download, install or have to use, I keep asking myself: “Do I feel more productive than I did before I downloaded it?” Comparing notes with a business associate the other week, I realised that the arsenal of daily tools I use continues to expand since I last blogged about this topic. At times, I feel like Charlie Chaplin in “Modern Times” trying to keep on top of this digital production line.

Image sourced from Wikimedia Commons

In particular, the number of communication tools (instant messaging and conferencing) keeps growing; document and file management continues to be a battle largely between operating systems; and most collaboration tools struggle to make the UI as seamless as it should be – so that the UX is all about the “process” for creating, updating and maintaining projects, and not the quality of outcomes.

So, as an update to my previous blog, here’s a few thoughts on recent experiences:

Meetings/Chat

Added to my regular list are Telegram, WeChat, UberConference, BlueJean and RingCentral. Meanwhile, Microsoft (Skype), Google (Hangouts) and Apple (FaceTime) all compete for our communications. (Even Amazon has its own conferencing app, Chime.) One of the biggest challenges I find is browser compatibility (when using via a desktop or laptop) – presumably because vendors want to tie you into their proprietary software eco-systems.

Project Management/Collaboration

Still looking for the perfect solution…. Products are either so hard-coded that they are inflexible, or so customisable that they can lack structure. I suspect that part of the problem is projects are still seen as linear (which makes sense from a progress and completion perspective), but we collaborate at multiple levels and tasks (with corresponding inter-dependencies), which don’t fit into a neat project timeline.

Document/File Management

I seem to spend most of my day in Google Drive (largely thanks to Gmail and Drive) and Dropbox (which continues to improve). I find Dropbox more robust than Google Drive for file management and document sharing, and it continues to expand the types of files it supports and other functionality. Whereas, with Drive, version control is a bit clunky, unless the document was first created in Google Docs.

Productivity

Overall, Google Docs is still not as good as MS Office (but does anyone use OneDrive, let alone iCloud/iWorks, for document sharing or collaboration?)

One thing I have noticed is that my use of native iOS productivity tools has dropped off completely – if anything, I am now using more MS Office iOS apps (e.g., Lens, OneNote), and some Google Docs apps for iOS. Plus the DropboxPaper iOS app.

CRM

I’m starting to use Zoho (having outgrown Streak) – and I’ve heard that there is even a Zoho plug-in that connects with LinkedIn, which I shall soon be exploring. But as with Collaboration tools, getting the right balance between rigidity and flexibility is not easy.

Next week: The first of three musical interludes….

 

Spaghetti in the Cloud

The combo of Cloud+Wireless+Mobile has transformed the way I work. For one thing, storing, accessing and sharing documents is now so much easier than having to send everything as bulky e-mail attachments tethered to a hard drive. However, as an independent consultant, with every new project, business or client I work with, I find I need to use different collaboration tools to be compatible with their workflow, IT systems or platform preferences. Great as all these collaborative apps are, the fact that many don’t talk to one another makes it feel like I am being sucked into a mess of virtual cables that don’t interconnect. Sort of “Spaghetti in the Cloud”.

Image sourced from Flickr

It feels like all my apps are unconnected yet tangled up in the Cloud (Image sourced from Flickr)

There is definitely a battle to dominate enterprise collaboration, with Facebook’s recent launch of Workplace to compete with the likes of Slack, the anticipated revamp of Microsoft’s Office 365 Groups when Yammer is decommissioned in early 2017, and Atlassian’s own HipChat. But aside from enterprise social media and chat, there is now competition across multiple collaboration tools. Here is a list of just a few of the productivity apps I have been exposed to across the various projects I work on:

Meetings/Chat

  • Skype for Business (formerly Lync)
  • Google Hangouts
  • Zoom
  • Cisco WebEx for iOS
  • GoToMeeting
  • Fuze
  • Join.Me
  • WhatsApp

Project Management

  • Samepage
  • Mightybell
  • Basecamp
  • Trello
  • Smartsheet

Document/File Management

  • Dropbox
  • OneDrive
  • Google Drive
  • FileApp (iOS)
  • FileManager Pro (iOS)
  • Docs To Go (iOS)

Productivity

  • Google Docs
  • Apple iWork
  • Microsoft Office 365
  • SlideShark

CRM

  • SalesForce
  • Insightly
  • Streak

And this list doesn’t include single-purpose apps like POP, Simplist and Ideament that allow some project sharing; the entire suite of creative, social media, blogging and CMS tools that organisations increasingly embrace as enterprise solutions; and the growing number of apps that support text, photo and video editing on mobile devices.

While some of these tools support content, file, document and even project sharing from within the app, a lot of functionality is native, and therefore embedded, and is not transferable. So I end up having to learn (and unlearn) the features, quirks and limitations of each one, project by project, client by client.

As I have written before, based on my experience of creating digital music (plus using and beta-testing iOS apps), an app like Audiobus set the standard for product compatibility and content integration. So much so, that Apple ended up supporting Inter-App Audio as a new standard for iOS. Since Audiobus, similar apps have emerged that allow audio and MIDI apps to run together on a single device, and to share/stream content between different mobile devices and desktop DAWs (Digital Audio Workstations): Midiflow, musicIO, AudioShare, AudioCopy, Audreio, studiomux etc.

If only enterprise software and productivity app developers would have a similar approach to product design and collaboration….

Next week: StartupVic’s Pitch Night for October