Day: 7 October 2007

Last Friday was Byte Night. Every year, people from the industry sleep out “rough” for one night. Their aim? To raise funds for NCH’s projects to do with leaving care and youth homelessness.

This year I was privileged. Privileged to take part, privileged to have a number of my colleagues with me, privileged to be sponsored to the tune of over £12,000.  When we added in the money collected from our donations to the auctions, and from our participation in the auction itself, we were not far off our original target of £25,000.

Last Friday was an incredible experience. Not for the sleeping out rough per se: we only experienced a very small, almost infinitesimal part of what young homeless really experience. But what we did experience mattered:

• We understood a tiny bit about being out in the open and cold and hungry. Thankfully, we had a dry night.
• We understood a little bit about the role of care and support in providing youth homeless with an anchor in difficult times. How food and clothing and shelter and a shoulder to lean on really mattered.
• We understood something about how organisations like NCH can help provide this care and support. They were magnificent. The entire evening was special. Particularly the street theatre put on by people who’ve been helped by NCH.

And we understood something very important, how community matters. The camaraderie amongst the sleepers-out was amazing. There were some crazy moments and some great conversations.

We also learnt something about humility, as we watched the tireless devotion, good-humouredness and energy of the people who made events like this happen. People like the staff of NCH. People like Jenny Agutter, who’s been there eight of the last 10 years. People like James Bennet, the founder of ETF now with Ernst and Young, who’s been committed to roping in people from all over the industry.

My thanks to all of you, for your incredible generosity. I intend to go back next year; let me know if any of you is interested in joining me, or in helping in any way.

An aside: I also learnt something about justgiving, how it worked, how useful it was, and I was impressed. Now that’s the way to make fundraising simpler…..

I learnt recently that Bungie, the people behind Halo 3, has done something quite unusual. For the last decade or two, most start-ups have had acquisition by Microsoft (or, more recently, Google) as their goal. Bungie, having achieved their goal, have apparently agreed terms with Microsoft to go back to being an independent company.

This by itself would have intrigued me, maybe just a bit. Coming on the back of Halo 3’s incredible success, it would normally have intrigued me even more. But what got me is the following quote from the BBC article:

On the Bungie website, Frank O’Connor, lead writer on Halo, explained the move to the community of fans: “Bungie has long been built on creativity, originality and the freedom to pursue ideas.

“Microsoft agreed, and rather than stifle our imagination, they decided it was in both our best interests to unleash it.”

Put this in the context of the following quote from Microsoft:

Shane Kim, corporate vice president of Microsoft Game Studios, said the company was “supporting Bungie’s desire to return to its independent roots”.

He said Microsoft would continue to invest in Halo entertainment property with Bungie and other partners, such as Peter Jackson, on “a new interactive series set in the Halo universe”.

“We look forward to great success with Bungie as our long-term relationship continues to evolve through Halo-related titles and new IP created by Bungie,” he added.

So let me get this right. Microsoft are letting Bungie go back to being independent, recognising that they might “stifle” Bungie’s “imagination”. Wow.

Sometime in 2000, when I chaired the technology incubator at what was then Dresdner Kleinwort Benson, I remember getting into conversation with Professor N “Venkat” Venkatraman about a related subject: in those days, so many startups seemed to have “bought by Microsoft” as their exit strategy. Venkat remarked that the trend could not continue, for two reasons. Firstly, Microsoft were running out of a critical currency …. their equity was no longer attractive to new hires. Secondly, partly as a consequence of the equity currency problem, but more as a result of becoming mainstream, they were unlikely to remain the only game in town for startups who wished for a trade sale exit. In both cases, we came to the conclusion that at some point Microsoft would no longer buy companies outright, but instead take a minority stake. That way, the potential problems to do with attracting talent or retaining speed and agility could be solved.

And now, seven years later, we have Bungie jumping. With Microsoft’s blessing, and while Microsoft retain a stake. Intriguing. Very.

Maybe the Blue Monster is working after all. Something’s changed.