Monthly ArchiveFebruary 2013
What a ride! It’s been fun! It’s been challenging, but now, it’s time for something new.
I have just completed a transaction with Dimitris Tsigos and his StartTech group transferring all of my shares in coLab to them.
One key tenant in coLab recently told me “everyone who’s anyone has graduated from coLab or is about to”. I agree, and now, it’s time for me to graduate too.
The last 2 years of my life have been precious. In building coLab, I invested almost everything I had. Money, time, family, tears, everything. Yet, we built it and together, we built a community around it. With sacrifices. Through the crisis. Without (much) investment other than the investment from customers who trusted us. coLab was never meant to return huge profits financially. It did however return huge profits in social terms.
We built our corporate brand as well as our respective personal brands. We had hundreds of events and thousands of readers of our newsletter. We helped and were helped by many. I can’t count the number of kudos emails I received because of what we were doing.
Giving someone a chance in business is so important and all of you gave that to me and Spiro. We gave it to each other. It wasn’t always rosy but it was always fulfilling. I have taken many lessons from this past period. Lessons about commitment, about trust and about integrity.
Selling coLab! I know, shocking isn’t it? Well, they had it coming. The deal is pretty sweet and gives me the ability to continue along a new track.
Spiros will remain in coLab together with the StartTech team. I wish them all the best of luck. I hope you will give them the chance they deserve in this new beginning. If I can part with one final piece of advice to my past collaborators it would be this: service is more than saying, “Yes” and taking care of the customer. Above all, great service needs personality.
Now, on to the terms of the sale: There’s a small catch. The terms of the sale contain a non-compete clause with coLab so and while I will never consider coLab as a competitor but rather a collaborator, I will be going into coworking stealth mode for a short time. Let’s call it a hibernation from coworking. I will not be running a new coworking space immediately. I will be running events and some of them may be in coLab or elsewhere or some may be in a new event space I will likely set up soon(ish). It will NOT be a coworking space, at least not in the short term.
In parallel, I will continue the fun work I’m doing with StartupDigest, facilitating Startup Weekend in cities around the world and helping co-organise SW in Greece and further afield. I am about to complete my accreditation as a SWNext facilitator and the next cohort of SWNext will begin imminently. Also, I’m in discussions about a new track of work I may be tasked to do and as always, as someone who always has more than one pot of tea brewing, I have a few more things up my sleeve as well. Stay tuned to learn more.
By now, you all know my strategy. I announce something and then do my best to implement it. The announcement acts as a promise to deliver and a reminder to me that my reputation is at stake. Not delivering amounts to failure and while failure is acceptable, it is certainly not desirable. I fucking hate failing.
So, on to new things. Remember, I’m only an email away!
coFather of coLab