How to NOT Become an Entrepreneur
Startups April 9th, 2010
I get a lot of junk email that I normally ignore, but this one ticked me off enough to write about:
Major Changes for Bay Area Entrepreneurs Workshop
Changes? To what? I’ve never heard about this program before.
Lowering the price of the Workshop by $500 to $1,000
Ouch! Lowering? And then it’s still $1,000? Now I really have to check it out…
The Bay Area Workshop is a series of weekly, 3-hour long presentations, 8 in total for a “discount” price of $1,000, or $175 per individual session. The “Team” consists of the CEO. The Agenda focuses on Business Plan building, culminating in an investor presentation, and the presenters are “named” illustrious experts like “Start-up consultant”, “Go-to-market consultant”, “Marketing consultant”, “Angel investor”.
Most impressive, isn’t it? Wait, here’s a preview: you can watch a 46-minute embedded webinar here. No, your video did not freeze, you really are staring at one single slide (long live Powerpoint!) for close to two minutes. Never mind that you can’t read the small print and full-screen toggle does not work…. I’m sure there’s value in there … somewhere
Oh, boy. If I wanted to be cynical, I’d say this program is a tired, half-cooked attempt at delivering recycled presentations by a retired executive at a premium price. But I don’t want to be cynical, so I’m not calling it a rip-off… All I am saying is: I’m not sold, and buyer beware.
OK, here’s what I really think:
If you are in a corporate job thinking of becoming an Entrepreneur – save the money, these courses will not “make you” an entrepreneur. You should probably keep your job.
If you already are talking to potential partners, are busy building an early stage product, then you already are an Entrepreneur. You have the drive, you did not “get it” from a bunch of expensive classes. You may or may not get funded one day, and sure, there’s a lot to learn, but you can pick it up along the way. There’s probably no better place to start than reading Mark Suster’s series. Sage advice from an Entrepreneur-turned-VC. By all means, network: go to events like SF Beta, the New Tech Meetups in SF or the Valley, Meet real VC’s at events hosted by SVASE – wherever you start, one event will lead to another, and you will make real-life connections.
Most events will cost you $20-40, some a little more expensive, but whenever you see a 3-digit price-tag, run the other way! And don’t even think of spending a thousand bucks just to hear from unknown instructors how you should put a business plan together.
As for The Bay Area Workshop, I saved the best for the last. If you really have a thousand bucks to throw away, would you expect to just sign up and attend? No, you have to apply and “qualify”:
To apply for all eight session of BAE Workshop, send your business summary to [email protected]. We will evaluate the submissions and notify those accepted into the program.
I’m so out of here…
Tags: BAE, Bay Area Workshop, business plan, CloudAve, education, entrepreneurship, meetups, networking, newtech, rip-off, sfbeta, Startups, SVASE, workshop
SVASE VC Breakfast with Hummer Winblad in San Francisco – Focus on Software as a Service
Bay Area, Startups April 28th, 2009
We’re in a deep recession, VC investments dried up, startups are shutting down and the World is coming to an end… or not?
I’m 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. Those who missed the UtR deadline, or just did not fit this event’s 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. After a long time I’ll be back moderating the next breakfast meeting this Thursday, April 30st in San Francisco. 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. We’ve had VC’s from Draper Fisher, Kleiner Perkins, Mayfield, Mohr Davidow, Emergence Capital …etc. This Thursday’s 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 I’ve been through quite a few of these sessions, both as Entrepreneur and Moderator, let me share a few thoughts:
- It’s a pressure-free environment, with no PowerPoint presentations, live demos, Business Plans…etc, just casual conversation; but it does not mean you should come unprepared!
- Follow a structure, don’t 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.
- Don’t forget “small things” like the Team, Product, Market..etc.
- It would not hurt to mention how much you are looking for, and how you would use the funds…
- 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, 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 VC’s like it, others don’t.
- 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 we’ve had too many such incidents, so here’s a new rule: if you’re late by more than 20 minutes, you will not be allowed to join the session.
Here’s 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
SVASE VC Breakfast with Hambrecht Geneva Ventures in San Francisco
Bay Area, Startups September 30th, 2008
Fincancial crisis or not, VC investments did not entirely disappear, it’s just getting increasingly difficult to get funded. But VCs are still on the lookout, and as proof I’ll be moderating another SVASE VC Breakfast Club meeting this Thursday, October 2nd in San Francisco.
As usual, it’s an informal round-table where up to 10 entrepreneurs get to deliver a pitch, then answer questions and get critiqued by a VC Partner. We’ve had VC’s from Draper Fisher, Kleiner Perkins, Mayfield, Mohr Davidow, Emergence Capital …etc. This time we’ll welcome Peter Morrissey, Managing Director, Hambrecht Geneva Ventures.
These breakfast meetings are a valuable opportunity for Entrepreneurs, most of whom would probably have a hard time getting through the door to VC Partners. Since I’ve been through quite a few of these sessions, both as Entrepreneur and Moderator, let me share a few thoughts:
- It’s a pressure-free environment, with no PowerPoint presentations, live demos, Business Plans…etc, just casual conversation; but it does not mean you should come unprepared!
- Follow a structure, don’t just roam about what you would like to do, or even worse, spend all your time describing the problem, without addressing what your solution is.
- Don’t forget “small things” like the Team, Product, Market..etc.
- It would not hurt to mention how much you are looking for, and how you would use the funds…
- 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, 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 VC’s like it, others don’t.
- 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 we’ve had too many such incidents, so here’s a new rule: if you’re late by more than 20 minutes, you will not be allowed to join the session.
Here’s the event info page, and please remember to register the next three Entrepreneurs get in free, contact me here.
See you in San Francisco!
Tags: entrepreneurship, startup pitch, Startups, SVASE, vc Funding, venture Capital
SVASE Green VC Panel in the East Bay
Bay Area, Startups June 17th, 2008
Venture capitalists have been pouring money into “clean technology” companies – $2.2 billion in 2007, an increase of 46% over 2006. Why are VCs making so many long-term, capital-intensive bets? Which technologies will be world-changing, and which will be duds?
In living proof that there is life outside the Palo Alto / Menlo Park proximity, SVASE will host a VC Panel on investing in Green Tech tomorrow at the Crow Canyon Country Club, in Danville, CA. (A very green venue for a Green Event
).
The panelists are:
- Marianne Wu, Partner, Mohr Davidow Ventures
- J. Christopher Moran, Vice President, General Manager, Applied Ventures
- Paul Chau, Partner, WI Harper
- Peter Henig, Managing Partner, Greenhouse Capital Partners
- Mark Harris, Relationship Manager, Silicon Valley Bank
Agenda:
6-6:30 pm: Networking and Hors D’oeuvres
6:30-8 pm: Panel discussion and Q/A
For details see the SVASE site, or head straight to registration.
See you there!
Tags: entrepreneurship, Startups, SVASE, vc investment, venture Capital
House Burns While I Attend Launch: Silicon Valley
Misc June 11th, 2008
Yesterday was supposed to be a relaxing day of networking and watching startup pitches at Launch: Silicon Valley 2008, a joint event of SVASE and Garage Technology Ventures. The event started smoothly, with 400 or so participants when I received disturbing news: my next-door neighbor’s house was one fire. These side-view photos were taken from my window:




Here’s a video courtesy of the Pleasanton Weekly:
It was a bit of a nerve-wrecking day. “Luckily” enough the neighbor’s son and daughter both live in town, so they had a place to temporarily move to, until the house becomes habitable again.
Update (6/12): Apparently reconstruction will take several months, just as bad (or worse) than building a new home. The problem with old houses is that you have to bring everything up to current code. My neighbors, a nice elderly couple are now looking for a house to rent until they can move back.
Tags: fire, Pleasanton, SVASE
SVASE VC Breakfast with Ann Winblad of Hummer Winblad Venture Partners
Bay Area, Software, Startups March 28th, 2008
After a long break I’ll be moderating another SVASE VC Breakfast Club meeting next Thursday, April 3rd in San Francisco. As usual, it’s an informal round-table where 10 entrepreneurs get to deliver a pitch, then answer questions and get critiqued by a VC Partner. We’ve had VC’s from Draper Fisher, Kleiner Perkins, Mayfield, Mohr Davidow, Emergence Capital …etc. This time we”ll have the honor of welcoming Ann Winblad, Partner, co-Founder of the first exclusively software-focused venture firm, Hummer Winblad Venture Partners.
These breakfast meetings are a valuable opportunity for Entrepreneurs, most of whom would probably have a hard time getting through the door to VC Partners. Since I’ve been through quite a few of these sessions, both as Entrepreneur and Moderator, let me share a few thoughts:
- It’s a pressure-free environment, with no PowerPoint presentations, live demos, Business Plans…etc, just casual conversation; but it does not mean you should come unprepared!
- Follow a structure, don’t just roam about what you would like to do, or even worse, spend all your time describing the problem, without addressing what your solution is.
- Don’t forget “small things” like the Team, Product, Market..etc.
- It would not hurt to mention how much you are looking for, and how you would use the funds…
- 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, 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 VC’s like it, others don’t.
- 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 we’ve had too many such incidents, so here’s a new rule: if you’re late by more than 20 minutes, you will not be allowed to join the session.
Here’s the event info page, and remember to register – the previous event with Hummer Winblad sold out in advance.
See you in San Francisco!
Tags: entrepreneurship, startup pitch, Startups, SVASE, vc Funding, venture Capital
Startup Entrepreneurs who did not make it to the recent 
This year’s
.
Zoli Erdos