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By Lopa Patel (27 May 2009)
How
many technology startups have you been involved
with? One, maybe two? How about 600, in just six
months! This is the astonishing feat that Asian
woman Bindi Karia, VC/Emerging Business lead for
Microsoft UK, has achieved since the launch of
the company's UK BizSpark program in November
2008. Karia attributes her success in the field
to being "in the right place at the right
time", although she acknowledges that working
for the leading software company in the world
helps.
Thirteen years in the UK,
Karia's formative years were spent in Canada leading
the kind of diaspora life familiar to most Asians
although she says it gave her the "global
outlook" necessary for her current role.
Now based in the UK, she loves London for being
geographically central to her uncles in Kenya,
where one runs a leading advertising agency, and
her family in Canada. But life wasn't always so
easy.
Her work as a Senior Business
Analyst at Data Monitor was followed by a stint
as a Management Consultant at Coopers and Lybrand
that then became PWC. Redundancy from PWC came
as a major blow, one that she was careful to hide
from her family for as long as possible. "I
think the thing about redundancy is not to take
it personally. It is not about you, it is about
the role within the organisation. So have some
confidence in yourself and look to your network
for support".
This combination of self-confidence,
resilience and family support allowed her to bounce
back. She spent a while freelancing as a management
consultant, using the skills set acquired at Coopers
(PWC) and then took the plunge and joined one
of her clients, Trayport, a successful commodities
trading technology start-up. This was followed
by a spell as Associate Director in Interregnum,
a UK-based Technology Merchant Bank before the
dot.com crash saw many such remits disappear completely.
She claims to have
had many "ups and downs" in her career
the result being that she is now more "focussed
on what she wants to do next".
Karia started working at
Microsoft four and a half years ago, initially
as a Business Productivity Advisor, where she
was responsible for managing relationships with
business decision-makers in the UK Financial Services
Sector. For the past year and a half she's been
a member of Microsoft's UK Emerging Business Team,
part of a global team founded in Silicon Valley
that is responsible for the company's foray into
supporting technology led startups.
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Microsoft
BizSpark
The Bizspark venture
started in the USA in 2001 but only lately
in Europe and the UK. The company's emerging
business venture comprises two main programs:
BizSpark for startups and Accelerator for
high-potential early-stage companies. Karia
is keen to stress that Microsoft does not
provide funding for startups, nor does it
invest or take a stake in the businesses
enrolled in its programs.
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"Microsoft BizSpark
is a global program designed to accelerate the
success of early stage startups. It provides entrepreneurs
access to Microsoft development tools and licenses
of server products like Windows Server® and
SQL Server®, with no upfront costs. Startups
also receive support from Microsoft and Network
Partners who can provide guidance, mentorship
and resources," says Karia of the program.
"By virtue of their participation in the
program, startups can also gain visibility with
potential investors, partners and customers."
To be eligible for the program,
startups need to be less than 3 years old with
a turnover under US $1 million, privately held
and actively engaged in development of a software-based
product or service. For access to production license
rights, startups must also be developing a "software
as a service" (SaaS) solution, on any platform
including open source, to be delivered over the
Internet.
There is no upfront fee to
enrol in the program but startups are expected
to start paying for the software they use from
year four onwards and pay $100US at the end of
year three. The may also have to pay for a MSDN
(Microsoft Developer Network) Premium subscription
licence - which can be substantial - after the
third year. Enrolment is through Microsoft's network
partners and the program is currently being offered
in Chinese, English, French, German, Japanese,
Korean, Portuguese, Spanish and Russian.
12,000 startups have enrolled
into the BizSpark program to date (May 2009) of
which 1,300 are in Europe including 600 startups
from the UK. It is too early to ascertain the
success of the program, only seven months into
the rollout in the UK, but critics argue that
this is just Microsoft's way of locking customers
into their software products.
Microsoft Accelerator Program
In addition to the standard
partner programmes Microsoft also offers the startups
Accelerator programme, where they work more closely
with a small group of high-potential start-up
and early-stage partners on both their technology
and business plans. Karia advised that there are
currently 17 companies in Accelerator program.
Be Polite, Be Persistent
Enrolment onto the Bizspark
program seems to straightforward enough, however,
the Accelerator program is quite different. Given
the small VC/Emerging Business team, it is true
that entrepreneurs will need additional skills
to get "past the door". Karia ruefully
admits to receiving more emails than she can deal
with and advises Accelerator participants to "be
polite and persistent" to get noticed. A
"warm introduction" through a trusted
network partner is the quickest route although
she does advise "networking your contacts"
at the initial stage may also prove a useful technique.
Once through the door, Accelerator
participants will need all the tools of the trade
to get acceptance: an elevator pitch, a sound
business plan, venture capital backing or angel
investment, a great management team and working
beta sites as well a large and growing market
sector. Karia, who spends 80% of her time on startups
and 20% working with venture capitalists, is keen
on VC-backed businesses for the Accelerator program
and claims that there is no shortage of female-led
technology businesses.
Among her mentors are senior
female executives at Microsoft, at VC funds and
at executive women's networks. She finds that
there is "no problem being female in the
technology industry" even when working in
a male-dominated business team, although she does
acknowledge that the industry is failing to attract
young female technologists and software engineers.
She cites Microsoft's rollout of the 'Digigirlz'
program in the UK as a great example of how this
trend can be reversed. 'Digigirlz' started in
the USA, giving high school girls the opportunity
to learn about careers in technology, connect
with Microsoft employees, and participate in hands-on
computer and technology workshops.
Asians should not be afraid
of failure
When
speaking at the London Business School Women Entrepreneurs
seminar earlier this month, Karia mentioned the
high failure rate among startups. Today, she's
keen to highlight that this 'fear of failure'
should not deter entrepreneurs, particularly among
the Asian community. "Most Asians came to
Britain with very little money. When I came to
live here from Canada, I had only $300 Canadian
dollars. So to do well, you have to take risks.
Fear of failure should not be a deterrent. The
Asian culture is very supportive of entrepreneurship
and if you should fail, then you should wear the
scars well".
Karia certainly wears her
scars well. Doe-eyed but with a glint of steel
in her dark eyes, she exudes confidence which
has proved to be a major asset in her professional
life and a stumbling block in her personal life.
Choosing to remain single for now, she admits
to being an adrenaline junkie and adventure sports
enthusiast. She's climbed Mount Kilimanjaro and
Macchu Picchu and enjoys skiing and marathons,
the most recent being the London Marathon where
she not only ran the course, but also managed
to raise a considerable sum of money for the NSPCC
charity.
Whether her enthusiasm for
startups can yield the same kind of return for
Microsoft remains to be seen.
For further information visit
the Microsoft
startup zone website.
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