BootUpNYC 2009
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Michael and I went to BootUpNYC 2009, it was a great experience, we met a number of great people doing startups and looking to do startups. There were investors, workspace providers and people providing advice. The BootUpNYC is a must for anyone starting and running a business. |
Photos of the night:
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Michael and I at the BootUp, me on the left and Michael on the right:
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David Rose, an investor whom we had the honor to chat with: |
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Tokumbo Shobowale, Chief Operating Officer of the New York City Economic Development Corporation: |
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Darren Herman, entrepreneur and digital media evangelist: |
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Sanford Dickert, a social-media consultant: |
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Bruce Niswander, an entrepreneur and consultant with over 20 years of experience: |
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Rachel Sterne, CEO of GroundReport.com: |
Recommended Entrepreneur Podcast Listening
There are tons of great resources out there for startups, podcasts being one, I highly recommend listening to the following:
The Startup Success Podcast, Sramana Mitra and Bootstrapping
Read MoreVenture Capital Bootcamp 2009
This year during internet week in New York there was a “Venture Capital Bootcamp” event. Venture capitalists from DFJ Gotham Ventures and Wilson Sonsini Goodrich and Rosati came to Columbia University and participated.
It was a great event, very informative and the presenters took an interesting approach to telling everyone about how VCs think and work.
Information on the presenters at the Bootcamp:
Check out the video of the whole talk below! The presenters go overview of the VC industry, the venture capital fundraising process, company formation types (LLC, corporations, etc.), term sheets, and what to do after investment. There’s also a discussion about whether VC funding is right for you and your business as well.
The video runs just over three hours and you can listen to the audio while working.
The slides from the event:
Pitching to Angel Investors and Venture Capitalists
1)
Tell a Story
(e.g:iPad+doctors)
(You have 10 seconds to get their emotional attention)
2)
Talk about product.
(e.g.:iPad product)
3)
Talk about how we are going to generate revenue.
4)
Your needs
e.g.:
2-3 biz dev people
Higher a PR agency
Bring on developers
5)
Money and how much you are asking for and the time.
6)
Exits for investors and us.
Taken from David Rose:
VC Pitches is about investing in the PEOPLE!
Angel pitches are ~15 minutes or under
VC pitches are less then 30 minutes
-1) You must show integrity
-2) You must show passion
Just some side notes, never say the following words to investors, they invalidate previous things you mentioned!:
- Honestly
- Truthfully
- To be Frank
- Frankly
- Not for nothing
- Realistic
- Kind of
My name is Daniel. I’m an entrepreneur, hacker and cofounder of drchrono. drchrono is a medical platform for doctors.
