Sunday, April 07, 2019

|| Founders and Funders

24. Founders and Funders

  • Founders - 
    • many are clueless and talk without much of a purpose
    • several wanting to improve on digital product management skills, marketing skills, design and UX skill
    • none have asked for financial planning or business planning advice
    • several mentioned that they started from consulting and strategy background, "I do business development"
    • 3 of the 4 presenters could do better with explaining business models, funding roadmaps and etc.  They all come from consulting pipeline, then developing software for sale.  Team composition is 1 BD, 1 CTO, 10-15 data/engineers
  • Funders - 
    • they smell money, corporate talk, sharp questioning
    • seem to be more eager with talking to the rest of the investor community, incl. institutional sponsors and funders
  • Politics matter a lot - 
    • some of the venture presentations just threw big names of prior directors from NSA, NIH ... make you feel it's so hard to be an entrepreneur in DC, you need political influence
    • several related to a social cause in storytelling, pay equality, national security
  • Networking -
    • founders and founders, investors and investors, 10-word speed dating style networking

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