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There were a lot of requests for us to turn our mentorship program into a physical accelerator with a fund, office space and full-time staff. 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. Demo’d to death.
The idea is simple enough: several female VC partners at top funds will hold 1-hour meetings with 40 promising female entrepreneurs looking to get advice on their business and pitch in a friendly, non-judgmental, safe environment. So why is this initiative so important for men, women and other gender identities?
I refuse to go to demo days. Not just TechStars but any demo day, really. So I promised the guys that I would come and hang out with companies well before their demo days. A few years ago I started a mentorship organization in Los Angeles called Launchpad LA now run by the uber talented Sam Teller. We’ll see.
We help co-lead the execution of Startup Aotearoa, a one-to-one program for first-time entrepreneurs to get coaching and advice from a startup advisor or mentor as they navigate the first time they’ve gone through the journey. So we’ve also eliminated these high-end production demo days, the big events.
Participants from all over the world are eligible to compete for more than $100,000 in prize money and also receive mentorship and other resources. Eligible startups compete to win funding, legal support, and mentorship totaling more than $100,000. It provides mentorship, networking, and equity-free grants up to $50,000.
KSGC selects 60 promising startup teams from across the world every year and gives an all-expenses-paid mentorship/networking opportunity in South Korea. The top 10 teams got monetary awards worth $10,000 to $120,000 on the demo day of KSGC 2021. were chosen from the pool of applications. Manufacturing in Asia is huge.
For over a decade, Biggar says, he has been an active participant in Bookface, recently helping multiple companies with financial and relationship advice on co-founder break-ups. That meant he was being removed not just from Bookface, says Biggar, but he is no longer invited to Demo Day or allowed on YC Slack.
Justin Bieber is unbelievably entrepreneurial and most of you will never know it because he serves a target demo that doesn’t include you. It’s that sort of mentorship experience that drives many of us hands-on VCs. As you know, Justin’s is 8-15 year-old girls and he built his music & persona around this demo.
44:35 – Best advice for aspiring Indian founders. Even if you don’t do well really after that, Vidit Aatrey [10:46] – we will put you in a mentorship program, where we connect you with some top trainers for a month and these guys will tell you how you start a business. 46:45 – Why is Delhi the best IIT?
Jai Malik, Venture Partner at Republic and ex-corporate Scout for Tata Communications, shares advice on becoming a Scout: “ I think the most important thing they saw was that I was open to learning whatever it took to get the job done. Offer career advice. I think that’s pretty standard with other positions.
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