Archive for December, 2011

Venture Culture – Interview with relevant company

Over Christmas I sent an e-mail out to Mutant Labs with some questions. These questions were answered by Alex Ryley who is the managing director of the company.

What is Mutant Labs unique selling point?

Our ability to generate ideas and come up with unique approaches to projects, as well as our wide ranging, complimentary skillset.

How was the company formed?

Having studied together for four years, the five mutants decided to start a business. After finishing university, we spent a few months researching before starting our business in August 2009.

What roles do all of you have within the company?

Alex: Managing Director (running of the company, sales, business development)

Ben: Creative Director (oversees design, also in charge of marketing)

Andy: Research Director (looking out for upcoming tech, also lead iPhone developer)

Rich: Technical Director (in charge of all code and tech systems in the company)

Chris: Art Director (oversees and does majority of illustration and art, in charge of game concepts and delivery)

Tom: Senior Interaction Sheriff (skilled programmer)

Do you think you would benifit from a larger set up?

It depends on the nature of the work and how much we wish to specialise. There are benefits to being small (agile, focused) and being big (take on more work, tackle larger projects).

Did you require any help to get started?

We went to a lot of workshops and seminars, mentoring sessions and so on.

How did you sell yourselves initially?

Through friends, family and networking, from here we built our portfolio, launched our site and continued to grow.

What do you think is the best way to sell your company?

The best way is a combination of online and face to face. For bigger projects, you need to speak to people face to face.

I noticed that you made an iPhone app for the University. How did you promote this app?

The app was a concept we developed, and we promoted it online and round the campus. The app has since been taken offline, but it allowed us to develop some important in-house technology.

Has the company turned out as you expected it to?

Better. I think at the beginning we were not sure how it would go, whether we could survive the economic crisis and so on. We are now approaching 3rd birthday, with a new addition to the team and lots of exciting projects lined up.

Did you always intent on being more of a client based business? (Opposed to creating and selling your work through iTunes for example)

We hope to make the shift to developing our own projects so that we are well balanced between the two.

Was there ever a point where you thought Mutant Labs might not work?

I don’t think so. That’s not to say that there have not been trying moments in the last few years – starting a small company is a bit of a rollercoaster. However I have always had faith in our team members to pull through, and overcome whatever challenges are facing us.

My idea is basically a company that creates apps for primary school children. Do you have any advice for anyone looking to set up a company like this?

Ask lots of questions (this document being a great example). Read as much as you can about the subject and get out there – sign up to networks and events to get yourself known. Landing your first project is the big test – it is hard to get work without portfolio, but hard to get a portfolio without work. After that it gets a little easier to convince people to choose your company.

Venture Culture – Pitch self assessment

When I was first told that I would have to do two individual pitches, I wasn’t expecting either of them to turn out well. It was the 2 minute pitch which I was least confident with as I knew I wouldn’t have any visual material to fall back on it went wrong.

To prepare for this first pitch, I wrote my whole presentation out word for word and learnt it off by heart. Although when I went into the pitch, I almost immediately started reading from my notes. This was partly down to nerves, but also because I wanted to avoid leaving big gaps in my speech while thinking about what I was going to say next. Reading from my notes like this did me no favours when it came to selling my idea. I was constantly looking down at my notes rather than out towards the people I was pitching to. This meant I didn’t connect with the audience very well as I was only able to look up once or twice during sentences. Reading from a set script made me sound like I lacked enthusiasm for my idea as well. This pitch also ended quite badly as I started to ramble when I thought I finished too early. This resulted in me running 20 seconds over the 2 minute mark.

After watching this pitch back, I actually didn’t go as badly as I first thought. I got some good feedback which made me more confident about my 5 minute pitch. I prepared for this pitch in exactly the same way, but as I now had a PowerPoint to turn to if I lost my place, I decided not to use any notes. Despite this, I again found it difficult to remember exactly what I had planned to say. This caused me to say ‘um’ quite a lot and made me miss out some important points throughout the pitch. This also meant that it wasn’t long before I had to keep checking the slides of my PowerPoint to remind me. By doing this it made my whole pitch run quite slowly and meant I didn’t sell my idea as well as I could have done. It also resulted in me running nearly a minute over. This is definitely an area I still need to improve on to ensure I have a good connection with the audience.

Another area that I need to improve on is my body language when pitching. I tended to keep doing a lot of fidgety movements with my arms and hands such as folding them and scratching. This was evident in both of my pitches and is something I can really improve on as it makes me look uncomfortable and has the same effect on my audience. After watching my second pitch back, it was clear that I also need to improve on my positioning during the pitch. As I was heavily dependent on the slides of my PowerPoint, I tended to stand more towards the presentation while regularly looking up at it for support. Having to move over and change the slides also meant I was never in one position. This was another factor that contributed to a poor connection with my audience as my eyes were often fixed on the presentation or the computer instead.

I do think there are areas of my pitching that are quite good. One area which I feel has improved over the two pitches is my confidence. I have never been good at presenting or speaking in public as I tend to get very nervous which consequently makes me forget what I should be saying. In my first pitch it was this lack of confidence which made me almost immediately start reading from my notes. I also started to sweat near the end of the pitch which made me feel even more uncomfortable. In contrast, I felt a lot more confident about my second pitch. This was partly because my idea had developed a lot further and I had a lot more confidence in my idea. I think this showed as I expressed myself in a more effective way than I did previously. I also started and finished the pitch quite confidently. This was a big improvement from my first pitch which finished really badly when I ran out of things to say.

Another area I was quite happy with was how I answered the questions at the end of the pitches. In my second pitch especially, I felt that I dealt with my questions well. There were no gaps in my speech and I communicated in a way that gave people a better understanding about certain aspects of my idea. I found this quite annoying as it confirmed to me that my pitch would have gone a lot better if I hadn’t scripted the whole presentation. This would have allowed me to talk more freely about my idea alongside the presentation rather than constantly thinking through a checklist of points in my head.

Overall these two pitches have definitely improved my confidence when presenting and I feel that I could do a much better job in the future. From watching myself back, I can clearly see the areas which I need to improve on to ensure I sell my idea as well as I can. In general, I should practice more without the need for any notes or guidance. This would relate better with my audience and also transfer the confidence I have in my idea.

Venture Culture – 5 minute pitch

This is a video of my 5 minute pitch. This will be used to compare with my 2 minute pitch when I write my 1000 word self assessment.

Venture Culture – Final branding

Here is the final logo design for Box Clever with my company slogan:

With the Box Clever brand now in place, I began to work on other types of branding for my company and look at how the brand sits with other media forms. With the letterheads I have created, I thought it would also be a good idea to use the logo in black and white. This is because school tend to use black and white photocopies when sending out letters to parents. They did when I was at school anyway.

Venture Culture – Brand development

After deciding on a name, I started to sketch out some logo designs. I sketched out three designs and asked people for their opinions on which logo they thought would work best for my company.

From the feedback I recieved, It was number 3 that seemed to be the most popular. This was because its more well rounded and looks more like a logo than the others. Also, with a name like Box Clever, it seemed best to use a box shaped logo. So I scanned this sketch into Adobe Illustrator and I now have my logo.

I came across the font I have chosen for my logo quite quickly but I feel it fits perfectly with the name of the company. Its a square shaped font which also displays intelligence and knowledge.

This is the colour combination I have set up for the Box Clever brand:

Slogan development

As well as the logo, I also need a slogan for my company. Its unclear what my company does just from the name, so the slogan needs to tell people what products they should expect from Box Clever. With this in mind I originally came up with the slogan ‘Apps designed for young minds’, but following feedback from Dawn she thought it would be good to include the word suprise in the slogan as it fits in with the jack in the box concept. This gave me the perfect slogan for my company:

Surprisingly clever apps for kids!