Startup Grind starts 2018 with a two speaker bang
The first Startup Grind Edinburgh 2018 event was hosted on the 25th of January. Held at CodeBase in Edinburgh, the UK's largest tech incubator, we had the privilege of attending a fireside chat at Startup Grind Scotland with two amazing and entertaining speakers, Patrick Birley (CEO of NEX Exchange) and Malcolm Palle (Chairman/Co-Founder of Coinsilium Group Ltd).
Patrick has been involved with exchanges and clearing houses since the late 1980’s. He has lead a number of successful exchanges (most notably SAFEX in South Africa and the European Climate Exchange in London) and has a comprehensive understanding of financial markets infrastructure. NEX Exchange are the ‘other London stock exchange’. They are trying to disrupt a monopoly service that they believe has become inefficient, particularly in servicing the needs of smaller companies.
Malcolm is a multi-disciplined entrepreneur and early technology adopter with 25 years startup experience and a background in the Mobile Communications and Travel Industries. In 1989 Malcolm founded CBNP Ltd as a Mobile Value Added Services (VAS) consultancy; generating fees derived from over 750,000 insured subscribers. Malcolm is the co-founder and Managing Director of MiningMaven (Investor Communications brand). He is also a co-founder of Coinsilium which is quoted on NEX Exchange.
You can read more about them here.
The fireside chat
Malcolm and Patrick had a repertoire that can hardly be beaten. Their easy exchange of words and the way they worked together provided easy entertainment and lots of laughter. Laughter being a theme for Startup Grind Edinburgh, we were entertained by their banter and easy way to interact with the audience.
Both had insisted on not being 'pre-warned' of the questions facing them, which in itself led to hilarity and a few pregnant silences.
What advice would you give budding entrepreneurs?
Both of their top tips seemed to work hand-in-hand with each other. So here is the combined list of advice that they have for entrepreneurs, startups and general life advice.
Only do things that you really care and are passionate about, commit fully and have fun!
Having fun is really important, especially if you follow the advice "Only do things that you really care and are passionate about". Don't take yourself too seriously, you need to enjoy what you are doing.
"If you feel that you want to be an entrepreneur, it's not just an idea. It's not just something that should be done on a whim. You have to really think through the reasons why you are doing it. It is not for everyone." Those words from Malcolm summed it up as he emphasized that being an entrepreneur is not for everyone. It comes with sacrifices and it comes at a price.
Stay away from negativity
Take yourself away from any negativity. There is a distinction between negativity and practical advice, but ultimately you need to stay away from the people that are programmed to be negative. Do not let the "energy vampires" take away your drive to succeed.
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About Startup Grind
Startup Grind is powered by Google for Entrepreneurs and is a global startup community designed to educate, inspire, and connect entrepreneurs. With monthly events all over the world, it aims to feature fireside chats with successful local founders, innovators, educators and investors. They share personal stories and lessons learned on the road to building great companies. Their values of; making friends, not contacts; giving, not taking; and helping others before helping yourself, speak to us as an organisation. We are pleased to be part of the Startup Grind community.