interview with christoper clay of soup.io, part 2

Image via CrunchBase

this the 2nd part of the interview with christopher clay.f ounder of soup.io. where christopher sees the need for new start.ups and if austria is a good location to start are in the center of part 2. if you missed the 1st part of the interview, look here.

christopher, which areas do you find most in need for new start.ups?
translations services are in need. translation is annoying us right now, the work flow of translating takes a lot of time. that´s a problem of all european [internet] start.ups. it is an opportunity for a start.up if you can double your market with being available on more markets, it is worth money for them. however, i do not want to say too much right now on that.
actually good opportunities are found by doing your first start.up. you itch on a certain problem, you feel the pain and then you can go after it.

you have successfully won yeurope and seedcamp and those investors are now holding 43.3% of the company. what can start.ups expect from such incubators, what not?
their main idea is that they give you just enough money to work on your product for three month without having to worry about living expenses. it makes a difference if can do a project in your spare time or just focus on it.
with seedcamp it was more about introductions. at seedcamp week we got to talk so many people. industry icons like the founders of bebo, photolog, last.fm, mysql and skype. venture capitalists like holtzbrinck or accel ventures of which you normally you would not even get a meeting with. seedcamp was putting you in front of all this people with initial credibility. seedcamp funds project further along then yeurope. it is like a compressed version of silicon valley in one week.

also there is the network of relations you build up. although you meet 100 people in one week and you can not remember all of them, you clearly can get in touch with them afterwards. if i would have a new idea, i could call to get some feedback.

what you do not get is solutions and answers. you get contacts, inspiration, what worked for others and feedback. but nobody will tell you what will work for you, no one will tell you how to get rich. it does not work like this. no one knows your product like you do.

soup.io is working in a crowded space. which three things did you do, to position yourself to become a seedcamp finalist?
at soup we want to give average people their space online. other then sites likes friendfeed, it is the user which is in front, not friendfeed. it is the one place you can put on your business card.

you spend a lot of time in uk and u.s./bay area. what´s your thoughts on start.ups in austria vs. europe vs. us?
austrians mainly did not understand what we did, which is probably why we did not find investment here. london was much more open to new ideas, and not just wanting to copy what was successful elsewhere [like germany].

in the u.s. it is just a hugely different scale. in silicon valley there are events where hundreds of people working on start.ups meet every day. so while the spirit is similar to london, the scale is still a difference.
people in the u.s. did not stop to believe in start.ups while in europe it got even worse. in the u.s. they see the cheap valuations of start.ups as opportunity.

what are your 3 recommendations for new upcoming founders?
first thing is to select your idea to found a start.up on a clear understanding on how to earn money. secondly apply to start.up competitions like seedcamp if you are in europe.
and finally, like already mentioned choose your location wisely.

stay tuned for more interviews with innovative start.ups, right here, on the start.upICT blog.

Related articles by Zemant

• 7 Start-Up Competitions Help Entrepreneurs Get Off Ground (vccafe.com)
• London Calling - Mini Seedcamp London Calls on Tech Talent to Apply! (seedcamp.com)

barcamp innsbruck 2009 & 25 start.up competitions now on the start.upICT finance mindmap

barcamp innsbruck april 2009 is happening this weekend (25.-26. April 2009 ) in tyrol (AT) and i am glad to join. i propose to discuss the topic of start.up competitions. any inputs are welcome.

in preparation of the upcoming barcamp , the start.up finance mindmap has gained plenty of updates on the area of start.up competitions: there are 25 now on display.

furthermore the interviews with andraz tori and christoper clay as well as the series "six steps to venture capital" can now also be found in the ever growing topic map of the start.upICT blog.

the popular finance mindmap as well as the topic map can now be accessed directly through the top links on the right of the blog in the "START.UP FINDER" section.

interview with christopher clay, founder of "soup"

Image via CrunchBase

time was running fast, when talking with christoper clay of "soup". soup is a "tumblelog, a super-easy blog that can do more than just text: post links, quotes, videos, audio, files, reviews and events.". try it out here or just have a look what is going on at soup. winning seedcamp in 2008, working in vienna, london and san francisco, there was a lot to talk about the daily life of the young austrian start.up

this is the second interview in a series with creative new start.ups, after an interesting discussion with andraz tori, founder and cto of zemanta.

christoper, tell me about the (three) most exciting things about start.ing up your company?
first it is all about the places we have been. from berlin to cologne, living for three months in london and just coming back from working for three weeks in san francisco. talking to people, pitching to them all around the world, that‘s been great.

second exiting thing is all the feedback we got. we have 20.000 active users now from all over the world. just scrolling through our feedback tumbelog is simply amazing.

third exciting thing is being your own boss. that is hard. the most important decision is to focus on what to do next. it is fun to learn from your mistakes - and we learned a lot over the last year.

what about the (three) most unfortunate things about start.ing up?
first hard thing is personal. i started the company with two co-founders - none of them is working any more with me. i would not start a start.up again, without having worked intensively with potential co-founders before. so that was very stressful to go through. however, we are three in the team again.

second is the roller-coaster live. there are really bad phases. one day everything works right and you are convinced that soon you are going really big. the next day you are depressed and think that is never going to work and facebook is going to kill us. it is stressful but exciting. therefore you need a good team which motivates each other. i would not be able to do this alone.

starting up in vienna in the hindsight is the third unfortunate thing. the decision to start here was right at the time. but the chances to get investments in the united states would be much higher. unfortunately it is hard to move to the u.s. . for example getting working visa without having founded a viable company in the us is tricky.

what are your lessons learned until now about starting.up?
number one, carefully preselect your co-founders. e.g. by working on a three month non-profit project with them before founding a company together.
number two, not found in vienna again, but in berlin, london or san francisco. because funding is much more easier there.
product wise, number three, i would focus stronger on the build in viral aspects of soup.io. they should have them in place from the beginning, rather then relying on the initial users we got mainly from friends at metalab. then we would be already ten times as big as we are now.

and number four: never give up. for example seedcamp. we got rejected in the first round (when zemanta won), because the did not understand what we did. we still went to the next mini seedcamp in berlin, explained personally what we did to saul klein und reshma sohoni and they proposed us to try again. and well, we succeeded the second time.

when you hear the words "exit" and "shut down", what comes to your mind?
the good and the bad, the two outcomes. either we are in san francisco, have hundreds of thousands of users and funding or we are back in vienna, broke and start something new.
the possibility of failure is very real, statistically most start.ups fail. but we are giving our best and try to make an exit one day.
although losing soup.io would feel horrible. we can not let our users down, so even if it would not work out, we will keep it running.

final question of part 1: how do handle private life vs. work?
probably i have not learned this yet. for me, the start.up comes first. like moving to san francisco and leaving people behind is hard but i would do it. so i am rather unbalanced on this yet. i want to be sure i tried everything for it.
what i learned was to manage my own expectation. when i am too tired some times and therefore have a none productive day, i know now that´s ok. that takes pressure away from oneself.

this was the first part of the interview with christoper clay of soup. where he sees the need for new start.ups and more, read in the upcoming part two.