5 Big Lessons we learned in 2018
Reflecting on the year we've had
What an incredible year 2018 has been. We’ve always believed that values-led business is instrumental in shaping a better society for everyone, and this year we’ve seen this concept gain more and more momentum across the globe.
We’re a growing company, and we’re always learning, so at the closing of this year, we thought we’d share five big lessons from 2018.
It’s time for a new style of conference
We like to do things a little differently. This year, we hosted our first ever Impact Summit in Glasgow. With live spoken word performances from Loud Poets, talks from the people making serious waves in their sector, interactive workshops, inclusive roundtable discussions and a street food market, it was definitely not your average conference. We loved bringing over 300 people together to discuss how we can build a better future.
Impact Summit will be returning to Glasgow in 2019; we’ll be at SWG3 with a new lineup of incredible speakers. This event is open to all enterprising citizens - register your interest here and get a discount code when tickets go up!
The landscape of investment is changing
Investment is a huge part of the startup world, and it’s an ever-changing beast. While profit will always be key to a VC’s strategy, the best investors have been acting on more purpose-led models, seeing profit not as the singular goal, but as a by-product of achieving your company’s purpose. At Startup Summit 2018, our ‘impact investors’ panel gave a fresh perspective on what investment could look like. Leaders from Nesta Impact Investments, Scottish EDGE and Social Investment Scotland presented new ways for entrepreneurs to consider their growth and capital needs.
Over on our Business Builder stage, early-stage investors from Silicon Valley (who we’ll be catching up with on our Silicon Valley Accelerate programme in April 2019) spoke alongside Steve Ewing, Director of Operations, Informatics Ventures to discuss how international investors are now looking to places like Scotland for new, exciting opportunities.
Startup Summit is all about educating and inspiring entrepreneurs, giving them access to the business leaders that have the inside knowledge they need to succeed. SUS19 will be coming to the Assembly Rooms next autumn and you can pre-register for tickets here!
Culture add is more important than culture fit
The FutureX team is growing. We made three new hires in 2018, each bringing a new perspective and background to the table. With company culture being talked about across every industry, we knew we had to be incredibly conscious in our hiring process. We’re lucky enough to work with businesses like Adopt An Intern, who put diversity and inclusion at the heart of what they do.
The theme for SUS18 was The Power of Company Culture. Almost all of our speakers touched on the theme throughout the day, but we were particularly struck by Leela Srinivasan, CMO at SurveyMonkey, who spoke about how important company culture has been for her as she made career choices in Silicon Valley.
Our team will be looking to grow again in the new year - follow us on Twitter to be the first to know when we open applications.
Socially-driven businesses are paving the way to a more conscious future
Even in markets dominated by legacy brands, new businesses are coming in to shake things up. Take a look at Brewgooder, founded by Alan Mahon, who spoke at Startup Summit 2018. Brewgooder is a beer brand that uses all the profits from their clean water lager (brewed by BrewDog) to bring clean water to people in less privileged companies. Since being founded in 2016, they’ve brought drinking water to over 33,000 people.
Hey Girls is another great example of using business for good. Using a buy-one-give-one model, Hey Girls donates women’s sanitary products to those living in period poverty. Founded by Celia Hodson (who spoke on the Impact Stage at SUS18) in January 2018, Hey Girls already has donated over 1.5 million products to those in need and is stocked by Asda and Waitrose across the UK.
In the face of adversity, entrepreneurship is thriving
With a number of great challenges facing not just the UK, but the entire world, the world needs problem-solvers more than ever before. One side of entrepreneurship focuses on contributions to the economy, but it represents so much more than that. Entrepreneurs offer smart, outside-the-box solutions to the problems we face in every aspect of our lives, and as we come up against unknowns in our politics, environment and communities, one of the most influential action steps we can take is supporting the entrepreneurs around us who are ready to build change from the ground up.
We’re so excited for 2019 - we have lots of announcements coming in the new year, so stay tuned! Sign up to our monthly newsletter for all the latest information and updates from us.
We hope that you have a fantastic closing to the year, however you choose to spend it. We’re back to the office on the 7th Jan, ready for our biggest year yet!
All the best,
Comms Lead @ FutureX
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