thechilli media platform for entrepreneurs and startups in the high-tech and media industries, including university and corporate spinouts, venture capital and angel funding, and government - all in the chilli thechilli media platform for entrepreneurs and startups in the high-tech and media industries, including university and corporate spinouts, venture capital and angel funding, and government - all in the chilli thechilliRED
<% If Session("Login")="TRUE" Then Response.Write("
") Response.Write("

") Response.Write("You are logged in " + Session("firstname") + " " + Session("lastname")) Response.Write("
") If Session("Paid")="TRUE" Then Response.Write("You are subscribed") Else Response.Write("You are NOT SUBSCRIBED") End If Response.Write("
") Response.Write("Change Details") Response.Write("
") Response.Write("click here to LOG OUT") Response.Write("

") Else Response.Write("
") Response.Write("

") Response.Write("click here to LOGIN") Response.Write("
or
") Response.Write("

") Response.Write("
") End If %>
PREMIUM

Braveheart weathers credit storm

US VC weakness signs

Angels better than VCs?

Recent Volatility

Kerry & Snowe rejuvenate the US SBIC program

Benchmark Capital creates Balderton Capital

China venture capital grew 55 percent in 2006

ETF closes $70m in first European cleantech fund

New £25m early stage venture fund launched along with ‘IQ Angel’ sector experts

Pond Ventures: a VC fund with a live technology pulse

Scotland’s Braveheart plans AIM flotation amid nervous market

Seraphim Capital, an angel-led fund with a mission

Chilli Profile: Quotient Diagnostics

INSIDE Contactless recapitalizes with new round of $25m

Applied Materials purchase of HCT Shaping Systems SA

ARC’s acquistion of Tenison EDA: a real Bargain

Giddy steps down from Amino

Mobile multimedia

MPEG4 rising fast

Sweet vengeance for Transmeta as Intel forks out $250m

CEVA DSPs shipping to 80 percent of handset OEMs

Sony Ericsson ASP drops but volume grows 59%

Tenison EDA acquisition by ARC

China to adopt single corporate rate tax for both domestic and foreign entities, and property rights law

Automotive semiconductor firm ELMOS raises sales and net income

Trade Commission’s final decision in Rambus ‘standard setting’ case

CEVA cost-cutting drive for profitability impacts first half revenue growth

US angel networks go through a renaissance

Ignios’ final curtain: lessons learned

Can start-ups compete directly with the giant gorillas?

STB market peak in 2012

OECD economic outlook

Broadband Market Statistics

OECD Inflation Data

Europe revives optics

Cellular modems on rise

MIDs boost mobile data

Future market for PNDs

Multi-standard DTV

Digital asset opps

Nokia lowers outlook

AM-OLED debate

Mobile phones saturation

Decline in RF for 3G

Enhanced mobile HSPA

3G iPhone teardown

Solar cell parity

'Flirting with Europeans'

HSPA mobile broadband deal

GPS to hit $1bn

Downturn in all economies

Wireless semis surpass overall chips

Optoelectronics growth

Photovoltaic silicon shortage

Q108 mobile handset top five

LTE launch raises competition for WiMAX

Toshiba Exits HD-DVD

WiMAX Roll Out

LEDs drive lighting

Blade server shipments

2008 smart card mkt

LEDs and Traditional Lighting

Nintendo displaces Sony

Maps Key Part of GPS

WiFi Radio

LCD-TV revenue to reach $7.4 billion in 2011

PC Market

Microcontrollers growth: Renesas takes lion share

Optics market boost with Ericsson high capacity IPTV

OLED shipments will make a small mark in TV market

Electronic shelf display (ESL) to lead small display market

OECD broadband subscribers to hit 200 million

Content drives up mobile phone ARPU as voice declines

PMP/MP3 player is fastest growing market in consumer electronics

Is there a future for DAB, DVB-H, mobile TV in automotive infotainment?

Pay-TV, IPTV to drive premium video services market to exceed $277 billion by 2010

Freescale Semiconductor leads in $18bn automotive IC market

How much do the components cost in an iPhone?

How much do the components cost in an iPhone?

Will Europe feature in the top fabless list?

India’s chip design industry set to nearly quadruple by 2010

PlayStation 3 offers supercomputer performance at PC pricing

Smartphone sales rising fast

Quanta and Asustek lead ODM chip spending in 2006

iPod Nano teardown reveals much reduced BoM over earlier versions

Koreans take the lead over China in global television market

LED future bright despite 2005 slowdown

Clock generation market to double in five years

Broadband/Internet potentially the most disruptive market for video-on-demand (VoD)

IPTV subscriber base set for explosive growth

Temperature sensor ICs growing again

Blood pressure monitoring and tyre pressure sensors market to double

Is Toshiba taking loss on HD-DVD shipments?

China’s top 10 IC design companies - opportunities for HTSUs

New thermal IC products - ‘cool’ solutions

key trends in the Indian telecom industry

iPod and cell phones intensify market for OLED displays

Real world signal management drives $50 billion mixed-signal market

The big semiconductor company’s dilemma

Promising science: magnetic logic

China-India GDP

Indian Bio startup support

Indian Economy in 2008

Chinese EMV market

Nanotech challenges

Ericsson Deal With Idea Cellular

Rural Internet Pilot

China 3G license incentives

China GPS chipsets

India $6.59bn Consumer Electronics

Indian Telecom $4.5bn capex spend

Early Stage fund marriages

London acquires Yorkshire

Increased MEA M&A

US IPO rebounds

Europe IPO/M&A slows

Motorola’s acquisition of TTPCom will unnerve IP market

Rajeev Madhavan

Capital Markets Turbulence

Packet Switched Networks

Draft Executive Order

SBIR 20th year

3i Quits Venture Capital

IMEC Taiwan benefits start-ups

Should VC-backed companies be entitled to government grants?

Small Firms' Research

PREMIUM

New innovation park in Oxfordshire

Fingerprint tech scam

Narayan Murthy, Infosys founder, speaks in London

Women entreps think tank gets £540k

BERR changes

Investment in natural speech for games

Awards reach Europe VCs

Mobile-based social network targets India

Schroder heads Arma USA

3i expert joins Wellington

Banks & small business

Motorola's deal for Jha

EDA test firm's £750k

DN Capital opens in US

SWRDA fastTrack2

Young Apprentice winner

Miracor receives €6 million

New ETF team member from Goldman Sachs

NTRglobal receives €22m

Glover review - SME feedback wanted

North-West technology network kicks off

Electronic nose tech

Enterprising Britian finalists

$4.5m for ChipVision

Ericsson reverse stock split

Schools' design challenge

$8m for travel web site

Review site funding and French portal

Selective public procurement for SMEs/HTSUs

Silicon Valley Boomer Business Competition

Firms go online to choose licensable tech

Techno gadgets burning out Brits

Serial Web entrepreneur now at Wellington Partners

More female entrepreneurs wanted

HuaXun 'sea turtles' and CEVA deliver software GPS

$10m for in-building wireless tech

$220m clean tech fund closes

5th exit for The Capital Fund

Flight search engine's new chairman

lastminute team gets second Spark

Mobius acquires Harvard technology license

SMS innovator secures £450k

FirstCapital assists Multimap in $50m buyout

Toumaz adds Australian patent

Virtual awards for mobile content

Fibre to Premises & WiFi gets boost

France stock options

Mi-Pay receives £1.8m

New VC for early stage tech

2008 tech growth despite gloom

NMI honours Ian Burnett

Scottish university projects get £3.3M

Pulsic board appoints EDA veteran

£600k for optical imaging

Join trade mission to India

London Technology Fund makes first exit

CamSemi eastern drive

ETT call for web start-ups d/l 30 Sep

XMOS raises $16m

No 9 to 5 for entreps

Belgacom satellite business acquired

Inxstor gets £600k funding

O2 entrepreneur of the year

OnRelay funding lead by IQ Capital

goSupermodel: dot bomb v2.0?

Nanotech innovator raises £225k for LEDs

Vicky Pryce appointed to Government Economic Service

Archives..

New industrial revolution

Letter to president-elect Obama

Three new UK university networks

States' new economy boost

Energy dept predicted by The Chilli

UKFI and early stage funds

A real-life dragons den, not reality TV

Co-founders' £44m cash jackpot

Intelligent mannequins

£80m R&D tax credit boost

Nokia/Qualcomm patent

Bill Gates retires, but..

Biofuels debate

UK VC capital in decline

Can EIS survive?

VCs follow new global innovation

UK's hidden innovators

Doing it in style in China

Bill Gates House Science Cttee speech

UK budget 08

A new UK talent strategy and SMEs

New Scottish can do spirit

New BERR team

Pesistence through volatile markets

HTSU's caught up in private equity crossfire

UK entreps' poor self-confidence

Goodbye DTI: game, set and ‘DIUS’

Indian KPO is the real threat to European high-tech, not BPO

Budget ’07: you have read the headlines - now read the analysis for high-tech start-ups

Independence for Technology Strategy Board (TSB)

UK businesses ignoring world’s fast growing economies are signing their death warrants

Check against delivery: Brown's Speech, Bangalore, India

Why do early stage investors stay glued to their domestic markets?

More editorials..

Antenova gets $10 million investment

Artimi raises $26.5 million in series B (R2) funding

Mirics: a fabless start-up with a clear vision

DiBcom

picoChip secures new VC fans and $20.5 million R3 funding

Esmertec IPO postponed

Smartdot

More Due Diligence..

TTP Ventures is 8th ECF manager

$20m investment in biofuels tech

Fund for women-led enterprises

£4m alternative funds for West Midlands

£300k investment in Bluetooth/Wi-Fi start-up

Semi investments drop 44%

Irish fabless bucks trend, secures $14m in R1

Israeli $2.3m VC funding

Intel leads solar €85m

MergeOptics rares towards IPO

CamSemi investments now total $30.5m

Scottish £1.3m grant to IC firm

No Israeli credit crunch

Cleantech investment peaks

Fuel cell tech funding

$14m for mobile voice apps

European VCs smell billion dollar exits

Use PE capital for overlooked markets

High-tech investors'optimism for 2008

Ex CSR VP leverages £1.2m in Camrivox

BoS pitches in with Oxford Angels

BoS pitches in with Oxford Angels

Israeli VCs hit six-year record

Oxford Capital ‘tees off’ with new venture

Braveheart maiden results

Israeli investments to hit record $1.7bn

New ECF candidates Q407

Q307 Euro VC trends

Earlybird VC exit award

US angel trends 1H07

VCT honeymoon over

US VC deals

First half Israeli VC rises by 10% to hit $842 million

E-Synergy to manage new Emerald Fund for university research projects

European Q1 VC flat at €1.07 billion

Venture-backed M&A/IPO levels back to 2000 level

More investor trends..

Biotech start-up adds to board

Ericsson mobile moves in Africa

Low cost photonics silicon prototyping

California complacency

Renewables report: can UK meet target?

World’s first 60GHz HD wireless chip is developed

Case report: patents/software in England

£2m funding drives microfluidics tech

70m PC buyers want mobile broadband

iPhone revenue sharing

GSMA to study mass market potential of embedded mobile broadband

UK patents: top 10 consolidates

Major company law overhaul

Durham Scientific Crystals

UK R&D

Differentiating between corporate spin-outs/carve outs/corporate venturing

VC investment slows in Q2 2005

First half Israeli high-tech venture capital rises by 15%

The US SBIR and its relevance to the UK

UK technology VC investments fall by 17% in 2004

EMV (chip + PIN): show us the money?

Digital cinema gets a kick-start

More markets..

Motivational and educational

Objective and not condescending dragon

Academics must blame themselves if they don’t patent

SFLG: independent ombudsman

SFLG sympathy: Bank managers are clueless

More right 2 reply..

Dialogue with N.R. Narayana Murthy

Dialogue - Rajeev Madhavan

Gregory K. Hinckley

Robin Saxby

Walden Rhines

Simon Davidmann

Steve Jobs

Candace Johnson

David Srodzinski

SiGe pioneer joins semiconductor start-up

Richard Farleigh

Simon Davidmann

Gary Kildall

Walter Herriot

John Laurie

Amaratunga, CamSemi

More...

Outsourcing tips

R&D tax credits debate

Call for papers - VLSI2009

Lost years for UK innovation

Hard times, position your company for downturn

Green myths about corn ethanol

British Business Angels Association (BBAA) welcomes support for investment in early stage businesses

English Court Position on Computer Programs and Business Methods

The changing environment for life science funding

Patent, publish or perish?

More speakers corner..

Acuid in administration

MBO blues, part two

MBO blues, part one

Destructive acquisitions

The road to CEO hell

Innovation academy for SMEs

Opportunities in a tough climate

Doug Richard's downturn survival tips

Investing worst practices

To patent or not patent – that is the question

Roll up for the 3GSM Congress

Understanding key venture finance terms

The global patent

Trademarks

Steve Jobs

Investor presentations

Law firm pioneers fixed legal fees for investment solution

Top start-up tips from Mike Baker

More trade secrets..

Accountants are tech-savvy

Entrep and angel reunited at Venturefest v8

Intelligent Mechanized Mannequins

Auto PR generator

Schoolmaster claims credit for entrepreneurship programmes

Mirror TV

About Uncle Thakur

11 – Outsourcing: you own the customer

10 - the prospect, the channel

9 - Partnering

8 - Product development

7 - Stock options

6 - Building the team

5 - The term sheet

4 - Pinning down the plan

3 - Seeds of excess

2 - Dinner brainstorm

1 - Drive-by-IPO


High-tech

Media

Chilli Domain Definitions™

Chilli Value Test™

Chilli Startup Definitions™

SAMBiDS defined


chilliredbanner.gif

Trade Secrets

Don't forget your follow up and actions - people assess you by them


By Nitin Dahad

We'd like to tell you something that you probably know but all too often forget to act upon. It's something very simple, but can make all the difference, whether you're dealing with investors, customers, potential customers, partners, media or analysts. It's called following up. More importantly, following up in a timely manner.

General communications issues

Meetings - take advantage of the moment

Phone calls and meetings

E-mails and follow up

The value of your actions

Lost opportunity

 

General communications issues

In business, as in any other part of life, people respect those who are true to their word. When you're in startup mode, it's probably very likely that you've spent years building up relationships and contacts that could be helpful to you in your future venture.

In the design world, this may mean you've delivered projects on time, or met certain delivery specifications beyond the expectations of your customer. In the public relations or advertising world, this might mean you've built a reputation on delivering what a newspaper or magazine wants, in terms of timely responses to questions for their articles or features, ensuring you make key executives available for comment or interview, or ensuring you deliver copy on time.

The point is that if you've been successful in building a reputation, then when you start a business, you need to continue to act professionally if you want your new business to succeed. Many people think that when they start their business, that everyone they deal with will be sympathetic to their situation, and will understand, because you're stretched for resources or 'are only doing your best' given the frantic nature of building a company.

But this attitude will only undo all the good work you might have done so far, and as this article explains, it's important to maintain that level of professionalism in your communications and in following up your actions from meetings.

Meetings - take advantage of the moment

Everyone in business attends meetings. If you've come from the corporate world into business, then you may be used to attending meetings where you wonder what the purpose was. It happens all too often, and then what makes things worse is that those in the meeting who have been given actions do not follow up, or spend a long time to complete the action. The result is slow progress.

As a startup or growing business, slow progress is the last thing that you want. It's important not to get in to the meeting habit without trying to capitalise on the objectives of the meeting. The point worth remembering here is that to make things happen you need to ensure you follow up on your actions agreed at the meeting, and take a proactive role in encouraging others to do the same (ie: "Did you say you were going to send me that plan?").

It's surprising how many people put themselves to shame by conducting a meeting professionally, yet not following up on the agreed actions. Its almost like saying "I want to do business with you" at the meeting, yet the lack of communication or follow up really says "I don't want to do business with you".

One further tip on the meeting - if you come away with too many actions, you may find it difficult to fulfil them. So distribute the actions at the meeting or after the meeting within your company. It's better to be seen to be 100% effective with a manageable number of actions rather than 50% effective because you took too much on.

A startup is chaotic by nature and there are a million more things to do than available resources allow; this is where priorities come to play. The priorities for a startup can change on a daily basis, and it is therefore important that everyone is tuned in to what the latest priorities are and that there may be no time for proper meetings to communicate these new priorities for weeks. It is therefore important that all key staff make themselves available on the phone, email and if necessary in person, at all times.

Phone calls and meetings

The phone is quite often used to hold meetings - teleconferencing is now commonplace and videoconferencing increasingly so. If you're holding a meeting by phone, you don't get the signs usually possible through body language in face-to-face meetings (even videoconferencing doesn't always give you the true signs). So if you agree to actions, it's even more critical to follow up and deliver on the actions, if you want a chance to develop the relationship into one that's useful in growing your venture.

A typical example might be a telephone interview with a journalist or analyst. The interview goes along, with several questions asked by the journalist, most of which are addressed there and then. But there are some questions that you don't have the answer to at your fingertips, and you've promised to send a technical specification on your product, or you've promised to arrange a executive photograph or copy of a presentation to be sent. But, it's quite surprising how many people don't take note of the journalist's deadline to receive the material, and worse still, not send the information promised at all.

E-mails and follow up

Email is literally free communication in most organisations - with leased lines, or for smaller companies, with ADSL or high-speed internet, always-on connections. Given this, it is easy to get carried away and lose sight of the objective of sending and receiving e-mails in a start-up or growing business environment.

For new ventures, e-mail is a godsend because it allows you to communicate on an even footing with some of the larger organisations you'll have to deal with; and with the right approach your potential client won't even know that you're sending it from a makeshift office above a cheap restaurant in the high street of a run-down inner city.

But if you're in this situation, two important things to remember are: treat it as if you are sending your messages from a professionally run office; and don't forget to follow up immediately if someone requests something to you by e-mail based on a previous conversation or meeting. You can also use e-mail to your advantage by sending out reports and meeting notes by e-mail, but most of you will be doing this anyway.

One side issue worth noting in the context of this article is to treat e-mail as you would a normal printed letter. That means give proper thought to what you are saying, with proper formalities observed in the language, and of course, make sure you spell-check your message. Just because email is free, it doesn't mean you should cut corners on language and proper letter writing. It all adds to how professional you look.

The value of your actions

As it might have become apparent in this article so far, the art of communication, and follow up, is important because other organisations will judge you purely by your actions and your words. But more than that, they'll judge you by how keenly you take those actions.

People want to work with other people whom they can trust or who can deliver the goods. If you can't be trusted or can't deliver, you might as well start again. And if you are seen to be reliable, then your reputation will go before you as you start getting referrals to other potential customers. This is the hidden side of the need for following up - the intangible as it were, in terms of building your reputation. It's easy to forget this in a startup environment.

Lost opportunity

There's also a flip side to this. If your meeting is a crucial one (as many are in the startup environment), then you only get one chance to impress. So if you turn up at a meeting and agree to something yet you don't follow up - well then, you can very easily wave goodbye to the opportunity. There's no excuse at not showing the professionalism required.

In summary then here are The Chilli's top tips for communications and follow up:

  • Follow up on your actions - it shows professionalism
  • Be timely with your follow up - it shows you understand the other party's time pressure
  • Treat e-mail and phone communications in the same way as you would a letter or formal meeting - give proper thought to content and any follow up required
  • Don't use the 'startup' phase as an excuse for poor communication or not following up
  • If you do all this - then use it as a USP (unique selling point) in telling customers and potential customers of the advantage of dealing with you

 


If you have any comments, please e-mail editor@theChilli.com.

 

© Chilli Publishing Ltd 2003

11NOV2003

© Chilli Publishing Ltd 1999-2004