Re:Steve Blank: 'VCs Won't Admit They're in a Ponzi Scheme'
by forgetsusername on Thursday May 26, 2016 @08:57PM
(#11783100)
>It's also a great way for young founders to learn about pitching a startup.
In the grand scheme of things, I'm not sure pitching a startup is all that valuable of a skill, outside of Silicon Valley.
Re:Steve Blank: 'VCs Won't Admit They're in a Ponzi Scheme'
by contingencies on Thursday May 26, 2016 @09:24PM
(#11783217)
Arguable. I am observing my wife pitching a business to local mainland Chinese investors at the moment. It's not all that different, though I would argue less polished and critically the VC does not take the attitude "Compress thy worth in to the revealed number of minutes, or forever wallow in thy toils". Instead, the VC is approached through a series of interactions over time: mediated concept pitch, document submission, then culminating in face to face meetings.
Re:Steve Blank: 'VCs Won't Admit They're in a Ponzi Scheme'
by im_down_w_otp on Thursday May 26, 2016 @09:06PM
(#11783144)
Good prep for TED talks? ;-)
I don't understand this line of thinking. Snapchat is emerging as one of the largest content platforms out there. The Snapchat pitch competition is simply a way to reach a broader audience. I have been watching the pitches daily and a large number of them have turned out to be substantive, high quality pitches. It's also a great way for young founders to learn about pitching a startup.