Back to Startup School

By  |  0 Comments

This is what startups have been dreaming about for years – a school that helps you learn how to fund your startup and guide you along your way to stardom. The Y Combinator blog describes Startup School as “a free, one-day event where you’ll hear stories and practical advice from founders and investors.” At this event, the guest speakers give advice, tell stories of their mistakes and explain how their companies transitioned when they experienced growth. 

We watched the video interview of Fred Wilson, founder of AVC venture capital, at the NYC Startup School event. He gave his insight into seed investments but more specifically what he was looking for when he is approached to make investments. Wilson said the first thing he notices in a pitch is if the idea being presented is “connecting to a preconceived notion.” The VC’s have an idea that isn’t fully thought out but the entrepreneur’s job is to come in with the VC’s idea how to buy priligy buy synthroid 150 mcg crystalized.

Wilson also wants the presentation to be quick; not rushed necessarily, but he wants the  company to position their opportunity “crisply”. He also prefers trashing the concept of “X for X” – Wilson uses the example “Uber for Helicopters” as an unconvincing argument. Yet, another interesting portion of the interview reflected Wilson’s bias towards people he knows. He feels that if he previously knows someone on the team it relaxes him about the investment. Team is very important; you could have a decent idea but if you have an exceptional team it could really further your project.

To listen to the interview yourself, click here.

Kara is a Summer Associate at [L]earned Media. She is in her third year at Syracuse University studying Communications, but is an original New York City girl. Kara has had extensive training in social media marketing and plans to pursue journalism, as well as her passion for acting.

You must be logged in to post a comment Login