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This is part of my ongoing series Startup Advice. I did almost every VC meeting myself save for when one of my co-founders, Tim Barker, was in town. So if you present to me and the CEO can’t drive the demo or the financial model themselves it is a BIG RED FLAG. Tags: Start-up Advice. I did the grunt work.
The frantic pace of technology cycles, the amount of tech news, the blogs, the conferences, the demo days, the announcements, the fundings, the IPOs. It got me thinking about the advice that I often give to new VCs. They want you to attend demo days. I’ll go as long as it’s not on a demo day. And so forth.
If you haven’t yet heard about Female Founder Office Hours it is an initiative you should be aware of whether you’re male, female or any other gender identify. Female Founder Office Hours gives founders the mentorship and the role models to see that it is in not only possible but also to have a plan to make it a reality.
Should I trust my instincts for founders and products or should I be more focused on the market size or business plan? ” As far as “terms” go I’m 100% aligned to have the most vanilla, founder-friendly terms I can. So I stand by my well-read Quora post of why I don’t attend demo days. What stage?
This obviously doesn’t scale once the founder can’t be in every sales meeting. You want to be able to demonstrate your product and the best way I call, “A day in the life of …” where you show the demo as though you’re a user with a problem that needs to be solved. If you need demo tips I’ve covered that before.
There are too many deals to look at, too many seed funds or angels asking you to look at deals and weekly “demo days” with manicured and monocultural presentations crafted by experienced story tellers to help even the mundane idea sound like it will. My general advice is to do less. For investors life is no different.
Along with detail orientation I have a strong bias for “doers.&# When I ask for a quick demo and the CEO tells me that he’ll schedule a follow-on meeting with his sales rep because, “I’m not a demo guy. It’s different when you’re co-founders and one person gets the title COO. Unfortunately.
File this under both Startup Adivce and Sales & Marketing Advice. Oh, and Demo charges the startups $18,000. Given a choice of your marketing person or talking to you (the founder) there’s no competition. Robert’s article is worth reading. I think Robert’s right. Make yourself available.
Should I trust my instincts for founders and products or should I be more focused on the market size or business plan? ” As far as “terms” go I’m 100% aligned to have the most vanilla, founder-friendly terms I can. So I stand by my well-read Quora post of why I don’t attend demo days. What stage?
Adam Dakin , Managing Director of Dreamit Healthtech, sees founders make the same common pitch mistakes over and over. Luckily, he’s a pro when it comes to pitching investors and distills the advice so it’s easy to avoid. Perhaps worse, Adam points out that unfounded superlatives point to a lack of self-awareness in founders.
I’m supposed to believe that my best innovation can only come from scores of startup founders who just made millions and have now become CVOs at my company? If the money comes from professional investors it usually has a “liquidation preference” meaning that their money comes out before the founders or common stock. (If
It also demystifies any assumptions that our founders were “puritanical” – they were anything but. And from an entrepreneurial point of view – it starts by acknowledging that foreign-born founders that don’t match our normal recognition pattern can be some of our best innovators. Startup Advice'
You can see Zach James & Rich Raddon who are standing next to a demo table pitching a small, yet-to-be-funded company called MovieClips – now the powerhouse ZEFR. She joined Launchpad as a very non-traditional founder and defied every conventional expectation to build one of LA’s fastest growing companies.
Demo days at startup accelerators are a pretty big deal around here. Here’s just one example from Y Combinator’s Summer 2013 Demo Day: Positioning itself as the “FedEx of today,” it hopes to provide a logistics framework that goes beyond food and can be used for any type of on-demand order. Omnitron Sensors. Apothecary.
It’s demo day season. This morning marked the kickoff of VC firm 500 Global’s Fall 2022 Demo Day, which saw over a dozen startups give their best pitches to prospective investors — and customers. Both outfits look to back early-stage founders with money and advice in exchange for equity.
We have collected a wide range of freebies, contests, accelerators, online communities, and VCs designed for student tech founders. The Kauffman Foundation found 47% of US tech founders held degrees in STEM while 34% held degrees in business, finance, and accounting. 1) Freebies for Student Tech Founders. Right here.
Y Combinator’s Demo Day took place this week , and although the event itself was virtual-only, 86% of the founders in YC’s winter 2023 batch lived in SF while participating. As a result, “the average Black founder raises less than around $1,000 from family and friends,” reports Dominic-Madori Davis.
Don’t even get me started on Demo Days. You could spent 20 days / year at Demo Days now. Co-founder discontent. And why my advice to newer VCs would be not to feel bad if you’re missing out on what is perceived as a few hot deals. You have to deal with CEOs who resign. Health destroying stress. Motives matter.
Smart founders use this extra resource to their advantage. Even though my wife thinks my true mental age is still around 13, sadly I am not in this youth demo. Startup Advice' Just ask Rob Bailey. Most firms hire associates straight out of MBA programs and usually it is a “2-3 years and out” type of job.
The reality is that you need to standardize many things in a company if you’re to scale quickly, which is why many founders depart at the time of the transition. Demos – One of the things that most people are bad at and that are hard to standardize is the demo. A good demo tells a story.
Under no circumstances should any of the below content be construed as legal, tax or investment advice from 500 Startups or any of its affiliates. The outcome was that it was both – and when you’re at Demo Day, you’re going to be grateful to the part that’s ‘too challenging’. What Alluva is.
Or riding a crazy party bus and sitting next to Aaron Batalion the co-founder & CTO of Living Social. As a founder you end up having to deal with a lot of sensitive information & discussions. I refuse to go to demo days. Not just TechStars but any demo day, really. Nom nom nom. Office Space. We’ll see.
It can be a good strategy to bring just the CEO because 1-on-1 rapport is easier to build but if you have equally strong co-founders bring them. Whether or not they are co-founders or not – they want to know you can build a team. Can’t you just demo & talk? Demo could go here]. Details on the solution.
James covers the genesis of Ministry of Awesome following the Christchurch earthquakes in 2011, and provides updates on Ministry of Awesome approaches to startup founder support and programming. We run programs like Founder Catalyst, which is our flagship incubation nine-month long program that happens year-round.
After analyzing hundreds of sales organizations across startups, I’ve distilled the key pieces of advice that founders and leaders should keep in mind. Create a consistent demo : Develop a compelling product demonstration that clearly shows value and addresses pain points.
But if you identify investors with whom you’d like to work here’s my advice: 1. Imagine the “typical&# deal – somebody comes into a VC’s office, they’ve never met, they’re highly referred by a friend and they’re pitching a product demo and a PPT. That’s OK, too.
Incentives make for bad investing advice. These valuations moved to $4-6M pre-money after 2010, with some demo days in the $8-10M range. The investor’s job is to listen and decide whether the founders are smart, honest, and hard-working. Incentives make for bad investing advice. Back $0B companies. Play fantasy football.
Curtis Fonger and Matthew Busel met on YC’s Co-Founder Matching (CFM) Platform, a tool we built to help co-founders find each other. Even in early conversations, their fit as co-founders was clear to each of them. What brought you to YC’s Co-Founder Matching Platform?
I attended the Facebook Fund Demo day about a month ago in Palo Alto and it blew me away the pace of innovation and the focus on monetization that came out of this group. million even before the demo day to help you integrate your social network with dating ambitions. Seems an obvious fit.
The Family co-founder and CEO Alice Zagury announced in a blog post that the French startup accelerator is suing Oussama Ammar for multiple claims — breach of trust, forgery and use of forgery. The Family was originally founded in 2012 with three co-founders — Alice Zagury, Oussama Ammar and Nicolas Colin.
I had the pleasure of interviewing Zach Wright, the founder and CEO of Grapevine Software , a cutting-edge Virtual Office platform designed to centralize communication, knowledge sharing, and team alignment for distributed workforces. As a founder, what keeps me motivated is the process of constant learning. Startups take time.
Paul Graham’s assertion that “any startup founder can tell you the most common question they hear from investors is not about the founders or the product, but “who else is investing?&# if you need advice on how to find / work with startup lawyers cheaply click that link). When I’m in, I’m in.
The program offers all YC founders resources to help them achieve the best possible outcomes when raising capital: year-round workshops, detailed fundraising guides & templates, and 1:1 support. This is a great role for somebody who loves helping startups, is eager to talk with YC founders (our customers!), Learn more.
Justyn Howard, founder of Sprout Social has a blog post that he’s written about his experiences of migrating from scrappy tools to more efficient ones (i.e. And this is especially important since the people who get sucked into this admin the most are the founders – the people who you most want focused on high-value tasks.
This is part of a series of advice for founders who need to raise money from venture capitalists. The most important advice I could give you before you set out in fund raising mode is to understand that fund-raising a sales & marketing process and needs to be managed. This is where most founders err.
It is with this backdrop that I was really happy to learn from my friend Ethan Anderson (HBS alum & founder of RedBeacon) about an awesome program at HBS run by Tom Eisenmann called Launching Technology Ventures. Here is a sample of the reading list for the course that gives you a flavor for just how modern and practical this course is.
Work on everything from our Demo Day experience, internal financial systems and tools to help founders connect with one another for advice, intros, deals, networking and more. Product Engineer – Y Combinator : Join a small-but-mighty software team that builds the OS that runs all of YC. Learn more. Learn more.
The founders are likewise transformed by the many years of struggle and personal growth necessary to build and successfully lead a large business. Gone is the uncertain new startup founder, replaced by someone almost impossibly formidable and experienced. I first met and interviewed the DoorDash founders on Friday, April 26, 2013.
There are moments like being on stage when your demo crashes, reading about your competitors raising a ton of cash or having one of your top team members resign that test your will. Losing a deal that you had worked on for months after being told you won and then have snatched away from you will ruin some nights of sleep. It looks so easy.
Even to outsiders, the inner workings of startup accelerators has become familiar: pumped up on camaraderie and energy drinks, scrappy founders do product demos onstage before a room full of buzzy journalists and investors. In this instance, we failed to follow our own advice.”. Let’s start with a juicy topic: pro rata.
Mike is a no BS guy, has all the attributes I look for in a founder and says things like, openly shares knowledge and opines without a filter including this one, “whoever invented uncapped convertible debt should be spanked!&# This is an interview you’re not going to want to miss, I promise. How Hashable Got Buzz.
Many are reporting that they’re seeing a more diverse pool of applicants than traditional equity VCs… even though virtually none have a particular focus on women or underrepresented founders. For more background, see Revenue-Based Investing: A new option for founders who care about control.
When I joined YC in 2014, I thought I was transitioning from the management role I had as a startup founder to a job where most of my time would be spent doing office hours with YC founders. After investing in over 800 companies I have much more perspective on how to select and help founders. I
Generative AI startup founders within the cohort can expect to have access to AI models and tools as well as machine learning stack optimization and custom go-to-market advice. There’s also a Demo Day in San Francisco at the end of the program. AWS will not invest in startups and does not yet have an AI/ML investment arm.
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