We are big believers in the power of mentoring at Virgin StartUp - it's a way for startups to tap into the advice of entrepreneurs who have been there and done it before, bounce ideas around, and generally get help and support to take things to the next level with their business. This month, our featured mentor is Evan Lever. Nominated by his mentee, we decided to ask Evan a few questions about his business and why he mentors.
Business name: Escrow London
Based in: London
Mentee: Daniel Mohammed – Urban Intelligence
What’s your current business?
My latest venture is called Escrow London. I set up this company after selling a large data protection company in Tel Aviv, Israel and relocating with my family to the UK. Escrow London provides software escrow services to companies around the world. Software escrow is the deposit of the source code of software with a third party escrow agent. Software escrow is typically requested by a party licensing software (the licensee or beneficiary) to ensure maintenance of the software. The Licensor/Depositor will deposit with Escrow London the latest version of the source code. We then run verification tests to ensure that the source code can be rebuilt into a working application. The software source code is released to the licensee if the licensor is no longer able to support and maintain the software. Our company is disrupting an established industry by providing superior service and data security at a lower cost.
What’s your specialist area of business?
Growing companies from greenfield to become profitable organisations.
Sum up your attitude to business in one word
How do you make sure you achieve your daily goals?
I have a whiteboard in my office where I list my tasks.
What tech can’t you live without?
What book/magazine/blog would you recommend people read, and why?
For Entrepreneurs by David Skok - http://www.forentrepreneurs.com/ The blog includes interesting articles for entrepreneurs in tackling challenges that company founders face such as pitching for funding, marketing, sales advice and building sustainable companies.
Why do you love being a VSU mentor?
I love having the opportunity to be a listening post to founders of startups, to share business experience, and to provide inspiration for their success.
What’s the best startup advice you have received?
Know when to let go.
The information contained in this website is provided for information purposes only and is not intended to constitute legal advice on any matter. Use of this website is at users own risk and is not intended to create a lawyer-client relationship between Virgin StartUp and any user. Information displayed on this website is provided “as is” and Virgin StartUp does not provide any express or implied warranty or representation concerning the information, including but not limited to the accuracy or appropriateness of the information. Virgin StartUp recommend that users seek their own legal advice before taking (or refraining from) taking any action and do not accept any liability in respect of any actions taken or not taken based on any or all of the information displayed on this website to the fullest extent permitted by law.