SVASE VC Breakfast with Hummer Winblad in San Francisco – Focus on Software as a Service
Bay Area, Startups April 28th, 2009
Weāre in a deep recession, VC investments dried up, startups are shutting down and the World is coming to an endā¦Ā or not?
Iām just back from a very lively Under the Radar conference where 32 startups presented and the audience was full of VCs looking for the next investment opportunity.Ā Those who missed the UtR deadline, or just did not fit this eventās profile (Cloud Computing) will soon get another change at Launch Silicon Valley, co-presented by SVASE, Garage Technology Ventures and Microsoft.
In between these conferences there re are several smaller, more intimate events, like the SVASE VC Breakfast Club series.Ā After a long time Iāll be back moderating the next breakfast meeting this Thursday, April 30stĀ in San Francisco.Ā As usual, this will be an informal round-table where up to 10 entrepreneurs get to deliver a pitch, then answer questions and get critiqued by a VC Partner. Weāve had VCās from Draper Fisher,Ā Kleiner Perkins, Mayfield, Mohr Davidow, Emergence Capital ā¦etc.Ā This Thursdayās VC is Lars Leckie, representing the first exclusively software-focused venture firm, Hummer Winblad Venture Partners.
These breakfast meetings are a valuable opportunity for Entrepreneurs, some of whom would likely have a hard time getting through the door to VC Partners. Since Iāve been through quite a few of these sessions, both as Entrepreneur and Moderator, let me share a few thoughts:
- Itās a pressure-free environment, with no PowerPoint presentations, live demos, Business Plansā¦etc, just casual conversation; but it does not mean you should come unprepared!
- Follow a structure, donāt just roam about what you would like to do, or even worse, spend all your time describing a problem, without addressing what your solution is.
- Donāt forget āsmall thingsā like the Team, Product, Market..etc.
- It would not hurt to mention how much you are looking for, and how you would use the fundsā¦
- Write down and practice your pitch, and prepare to deliver a compelling story in 2-3 minutes. You will have about 8-10 minutes, the first half of which is your pitch,Ā but believe me, whatever your practice time was, when you are on the spot, you will likely take twice as long to deliver your story. The second half of your time-slot is Q&A with the VC.
- Bring an Executive Summary; some VCās like it, others donāt.
- Last, but not least, please be on time! I am not kidding⦠some of you know why I even have to bring this up. Arriving an hour late to a one-and-a-half-hour meeting is NOT acceptable, but weāve had too many such incidents, so hereās a new rule:Ā if youāre late by more than 20 minutes, you will not be allowed to join the session.
Hereās the event info page, and remember to register – the previous event with Hummer Winblad sold out in advance.
Tags: entrepreneurship, hummer winblad, launch silicon valley, startup pitch, Startups, SVASE, Under the Radar, UtR, utr09, vc Funding, venture Capital
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