Wednesday, May 13, 2009

Business Management students started two companies while still in school

Business Management 2009 students Carl-Henric Möllerström, Conny Bark and Jakob Adaktusson (who are about to graduate from Hyper Island this week) have started two companies - while studying! We were intrigued and asked Carl-Henric to tell us more:

Why did you start the companies?
The idea of, started by Jakob and I, came when I realized the incredible interest around wine and the hard part about selecting wine. You select wine by label or chose the wine you always drink or after what the TV chef says. But since we have different taste buds we don’t like the same wines, therefore, gives you just recommendations from the people who like similar wines as you.

Click here to watch a bigger version of the video.

With M & B that I started together with Conny, it was not so complicated, we had Telenor as a customer before the company started and it gave us great opportunities. I had already experience of setting up companies and it was just to get going. It is also very interesting to work with the streamline of companies IT-structure and communication.

What are the companies about?
Winelinking is basically a recipe- and wine site that provides personal recommendations of recipes and what wines you should test all along what the users think. But it also works as pure wine and recipe search engine if you’re not a member.

M & B, however, makes IT solutions to other companies. We are working primarily to improve efficiency of company's internal communications by creating a better communication, documentation and user portal.

What are your goals?
The objectives for Winelinking is that by “the system of the crowd" give accurate recommendations of which wines and recipes you may like.
We can already show all the wines available at Systembolaget and we will as soon as possible make it possible to view the e-shops that sell them.
We want to provide as many recipes and wines as possible and a natural objective is of course to make an iPhone app.

The objectives of M & B is to use cloud services to streamline the companies communications and IT infrastructure. We have had a positive cash flow from the beginning due out that we had consultant job before the company was started.
We have become Registered Partner with Microsoft and we expect to be Gold Partner within a few months on the platform Sharepoint and Office Live.

Why did you decide to start the companies together?
In both cases, it was a shared interest in IT and business that led to cooperation. Since the personal chemistry worked well and we have additional properties knowledge and experience we work very well together.

What do you say to other students who might think starting a company is too big of a hassle while still studying?
Sure, it may be perceived as hard to run two companies while studying, but it is not really that hard if you think it is fun and believe in what you do, (that sounded cliché-ridden).
And when it pays for itself in different ways, one realizes that it is really worth the effort, but I guess it takes a certain drive to do it.

On a personal level, what do you hope to learn?
The industry is very young and changes all the time, so I learn new things all the time.
One important thing I have learned is that the internet is for the information society as the steam engine was to industrial society. I do of course want to be very good at what I am doing and quickly put into practice the ideas I have, for there is more.

Thank you, Carl-Henric, and have a great last week at Hyper Island!

1 comment:

Mack said...

I think, you have a business & idea generate mind. yet you could have been done more.