Why the founder of Newcon wants to bring his conferencing tool to the United States
Tech conferences tend to attract two groups: those who want to consume content and those who want to network. Cephas Ndubueze, as he explains, belongs to the first group. Because tickets to all the events were so expensive for him, he often volunteered there as a student. What he noticed was that the organizers didn’t have enough resources to record each time slot and make it available afterwards. Ndubueze thought of a business model for it, but soon realized recording videos around the world was immeasurable.
A few years later, after Ndubueze’s experience in various VCs, he came up with his idea again – but with a new concept. This is how Newcon was born at the beginning of last year. “Many organizers record panels, but don’t know what to do with the content and how to monetize this professional knowledge,” the 29-year-old told Gründerszene. A positive example is technology magazine TechCrunch, which rebrands its annual roundtables on its website for premium customers.
Sequoia and Wefox keywords are open to everyone
Newcon also wants to be such a payroll for video recordings. Comment: Event organizers upload their content to the Newcon OS and share clips with all attendees. According to Ndubueze, one in ten people click on the link provided in the email. After recording, you can watch clips from other events. For example, the team Julian DeKay, Founder of Wefox A key note from Alfred Lynn, partner of Sequoia at the inaugural Regulatory Summit. There are currently approximately 700 entries in the database.
This service is free for content owners, i.e. event hosts, and visitors will not pay anything. However, if organizers want to access app data, it will cost money. Startup, for example, provides beginners with information on which videos are used by which people. In this way, they will learn more about the key points and particularly necessary topics. If you want to monetize videos, for example, to make them available after tariff, Newcon requires revenue sharing.
“It’s not easy for a less representative founder”
For his business model, the Berlin founder collected the “average six-figure” amount during a fishing trip in February. Almost six months after the launch of the platform. There were fund investors like Lightspeed Venture Partners and Honeypot founder Emma Tracy. The company behind her did not record Ndubueze as part of the tour in Berlin, but in the United States.
“A It is not easy for individual founders who are less represented in GermanyThe 29-year-old explains his decision. Ndubuze has many friends in the German opening scene who come from the predominantly white community and know their stories. , the Newcon boss says he should have proven it was operating in a way that convinces investors. “I wanted to test operations first, and I would have sent my bitch deck instead of going live immediately.” In Ndubueze’s experience, minority founders also get small investments in bad circumstances.
That’s why he decided to go to America. His six employees are still in Berlin, but the founder of Newcon in the Middle Ages wants to set up his team in New York and could even move to the United States. He sees the future of his startup there, not in Germany.