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If you demo your product (which is always great) then tell us part of the story while you’re demo’ing. Also, asking is not appropriate at a marquee conferences like TechCrunch50, DEMO, Twiistup and the like. Where you planning to demo? Have someone else drive the demo – Don’t try to be super human.
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. Lines, Not Dots.
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. Startup Advice' But how would I use it?”. You should never do this.
The other quote from the article is this: “The other thing they say is that they can’t tell on Demo Day which are the good start-ups. So I stand by my well-read Quora post of why I don’t attend demo days. It’s a Demo Day thing. Advice to VCs Startup Advice' Which means we’re doing our job.” .
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. Tags: Entrepreneur Advice Start-up Advice Startup Advice. Unfortunately.
” The other Paul Graham quote from the article is this: “The other thing they say is that they can’t tell on Demo Day which are the good start-ups. So I stand by my well-read Quora post of why I don’t attend demo days. It’s a Demo Day thing. Advice to VCs Startup Advice' That’s OK, too.
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.
Given the proliferation of accelerators and incubators that pre-vet entrepreneurs, roll up their sleeves to help companies, and dress them up for demo days, the best and brightest are being showcased to look better than ever. It's happening on their side, too. Need an even more Seamless-like experience?
In my post I noted the bias in his accent comments and also called b t on his statements that Demo Days are great because “the bad companies look good” and that VCs should compete to “pay the highest price & offer the best terms.” Startup Advice' They know how much opportunity we afford them. Thank you, Om.
Luckily, he’s a pro when it comes to pitching investors and distills the advice so it’s easy to avoid. Instead of using superlatives, a strong competitor slide or use case demo is much more effective. Adam Dakin , Managing Director of Dreamit Healthtech, sees founders make the same common pitch mistakes over and over.
Demos – One of the things that most people are bad at and that are hard to standardize is the demo. I have written about how to do a demo before (even though this was in the context of a VC pitch much of it applies). A good demo tells a story. 80% of demos I see are features, functions & benefits.
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.
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. Please note that these are for entertainment purposes only, as “we’re not offering investing advice or recommending anyone join or back a startup.”
And now we’re getting our first look at them through Demo Day. The first day’s demos included a healthy dose of artificial intelligence and open source, which is different from years past that were dominated by new fintech companies. Check out our favorites from the second day of demos below and see for yourself. Is crypto back?
Even though my wife thinks my true mental age is still around 13, sadly I am not in this youth demo. Startup Advice' And of course we also think about the fact that as many entrepreneurs and entrepreneurial concepts gear towards a younger generation we also needed investment professionals who are in that demographic.
The presenter comes out of the meeting proud at having gotten through all 30 slides (and maybe even a demo) with a bunch of smiling faces and nodding heads and no discussion. The advice I gave to my sales execs is the same advice I would give to you: smiling, nodding heads are normally not a great sign.
Don’t even get me started on Demo Days. You could spent 20 days / year at Demo Days now. 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. I guess if you’re in high-volume, low-differentiation mode perhaps this is efficient for you.
One event organizer had even asked me if I wanted to give my talk before the company demos, enabling me to duck out before the crowds could rush me. It's tough to figure out what advice to give. Isn't that what I get paid to do? Take pitches? It's tough to show up to every event and still have a life.
Give everybody pages of the deck they’re to cover or parts of the demo for which they are to talk. Can’t you just demo & talk? Demo could go here]. Equally likely you show your inability to listen to your team and your over dominance of conversations. This isn’t weakness – it’s leadership.
They’re great at orchestrating your company to deliver product demos. Tags: Entrepreneur Advice Sales & Marketing Advice. They set up “ tickler &# lists to remind them of calls and they always make the calls they say they are going to make. They’re always on time. LOVING Balsamiq!
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. I can’t really change it because we had a super long lease. But that expires soon and I hope to get back to the right side of the Haimish line.
They typically highlight key features, benefits, or use cases, often with a quick demo or close-up visuals. In-product demo : Quick cuts through the user interface (UI) show exactly how the feature works, helping users visualize themselves using it. The goal is clarity: show the product, show the value, and make it easy to say yes.
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.
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.
He demoed the product to me and I wound up being dollars #476 and #477 to be swiped on the very first Square prototype. For example, let’s say I had a more national fund. Because I had previously met Jack Dorsey through the Union Square Ventures network, in 2009 I was able to grab coffee with him before he launched Square. I was blown away.
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.
Can we do a really quick run through your deck so that we save tons of time for a product demo & questions at the end?&#. A perfect meeting gets through the deck quickly, demos a product and still has tons of time for discussion. Then I verbalize this out loud with a filter, “This is great stuff.
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. I think these deals are less exciting than the ones you proactive seek out.
When you do get a follow up meeting tell them about your new revenue model, ask to show your new demo, talk about the progress you’ve made and what has turned out differently then expected. Tags: Pitching VCs Start-up Advice startup technology vc venture capital. Update them on your fund raising progress. Neither is the norm.
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.
On any given day I could have been really pressed for time and asked to get straight to the presentation – you can never predict how the meeting will go so you must be prepared to show a deck, do a demo or just have a conversation. Tags: Pitching VCs Start-up Advice. This meeting was a 10/10 for me. is important.
if you need advice on how to find / work with startup lawyers cheaply click that link). Tags: Raising Venture Capital Startup Advice Tech Market Analysis Term Sheets. Raising variable sized rounds – This is a hard one. Most investors don’t want to hear teams say, “we might raise $250k.
meet with tons of companies every week, work hard for their portfolio companies, and are on planes flying around to the important confereneces and demo days". I think Fred was trying to offer some friendly advice to young investors that you're going to "take lumps" and that it's worth learning from those who are more experienced.
In the last six months alone, we’ve rewritten our entire Demo Day experience (to connect founders with potential investors), re-created the batch experience with both in-house tools and 3rd party integrations, and written software to help founders connect with one another for advice, intros, deals, networking and so much more.
No metrics = high level, more generalized advice. I got him talking about this on This Week in VC including a quick demo of his dashboard - I think I'll shoot a separate sequence with just a walk-through of their analytics. Already stated above but know what you’re shooting for in terms of load times, crashes, known bugs, etc.
It wasn’t because I’m the target demo for that app – I am certainly not. So my advice for anybody building apps that are anonymous is to try and nail the balance of pseudonymity and authority or reputation management. And I accept that anonymity is inevitable on the Internet. I’m not crying in my beer.
A small refuge from a busy day of shaking hands and demo’ing products. Tags: Startup Advice. They were fine traveling RyanAir and then having to bus an extra hour to get to the event but they wanted their own room to crash in late at night. These are always judgment calls but erring in either direction is a mistake.
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.
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.
The latter tend to be more technical and can do a better job at dealing with all of the technical objections that will come up in the sales process not to mention: Talking about integration, building customer-specific versions of your demo and addresses implementation requests.
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. I think there’s some truth in this.
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.
If you want to see how this works come check out our Nov 10th event in LA and you can see TextPlus demo their iOS5 integration and how they think about the importance of working hand-in-hand with Twitter for their free text messaging apps. Object Communications.
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