In this episode, Correy Voo approaches the topics of venture capital, and the impact of AI on enterprises. As an experienced professional in the tech industry, Correy shares insights on his career journey, his passion for technology, and his current focus on venture capital and startups. Mike and Correy discuss the concept of artificial intelligence, distinguishing between different forms of AI and its potential to reshape industries. They also touch upon the challenges of communication in distributed teams and offer advice on leveraging AI for small businesses.

KEY TAKEAWAYS

Diversification in venture capital space and experimenting with new technologies in the tech space.
Utilizing AI for commodity services in small businesses to increase efficiency and reduce costs.
Challenges of managing communication in distributed teams with different time zones.
Impact of market conditions on tech funding, with the current market being challenging for startups to raise money.

BEST MOMENTS

"To make technology successful, you've got to be able to explain it easily and well."

"AI doesn't eliminate jobs; it eliminates the monotony of repetitive tasks and allows humans to focus on creativity and strategic thinking. It's not about machines replacing us, but about machines complementing our work."

"When it comes to seeking investment, it's not just about the passion but the plan. You need to answer the 'how' as clearly as the 'why' to ensure you're not just burning with passion, but also lighting the way forward with practicality."

"Offshore development is not just about cost-saving; it's about tapping into a global talent pool. Diversity in your development team can lead to innovation that surpasses geographic boundaries."

VALUABLE RESOURCES

FIIT is the UK’s #1 rated interactive hybrid fitness platform on a mission to make fitness a habit for every body: https://fiit.tv/

ABOUT THE GUEST

Correy Voo is a seasoned professional with over 30 years of international experience across various domains, and has held executive roles in renowned corporations like British Telecommunications Plc, Credit Suisse, Bank of America, and UBS AG.
Passionate about leveraging technology to enhance productivity and enrich lives, he has transitioned into entrepreneurship as the founder of a specialist consulting firm catering to SMEs and Start-Ups.

Correy also serves as a General Partner at 01 Ventures, a European Deep Tech Venture Capital firm, driving advancements in Cyber Security, Artificial Intelligence, and other cutting-edge technologies. Beyond his ventures, Correy actively contributes to tech discussions on LinkedIn and Twitter, while mentoring innovative businesses like Public.io and Temporall.com.

ABOUT THE HOST

Meet Mike, a seasoned tech entrepreneur and visionary with over two and a half decades of invaluable experience in founding and scaling successful tech startups. Mike brings a wealth of firsthand knowledge and a deep understanding of the challenges faced by entrepreneurs and tech professionals.

As a host, Mike is dedicated to sharing actionable insights, strategies, and stories gathered from conversations with industry leaders, innovators, and experts. With a remarkable ability to distil practical wisdom from guests, Mike curates engaging discussions that resonate with both aspiring entrepreneurs and seasoned professionals.

ABOUT THE SHOW

Welcome to Mastering Tech Growth, where we dive deep into the strategies, challenges, and triumphs of scaling tech-driven ventures. Join us as we explore the dynamic world of technology businesses, uncovering the secrets behind successful growth trajectories. Each episode brings you candid conversations with founders and industry experts, sharing invaluable insights, proven tactics, and real-life stories. Whether you're a budding entrepreneur or a seasoned professional, discover the roadmap to navigating the complexities of scaling in the ever-evolving tech landscape.

Navigating the Challenges of Distributed Teams and Communication in the Tech Industry

Mastering Tech Growth