3 ms·
I think you'll still be able to be methodical afterwards via direct communication over emails/calls to the startups, just as you used to before. Unless this Tin
by timdorr 10y ago
I think you'll still be able to be methodical afterwards via direct communication over emails/calls to the startups, just as you used to before. Unless this Tinder-style app removes all the contact info you'd normally receive, you should be able to take it slow if you want.
- lpolovets 10y agoI agree that I can still be methodical after Investor Day. I'm just saying that before, if I was interested in 25 companies after demo day, then I'd do 25 1-hour meetings spread over a few days. With Investor Day -- and without a chance to do much prep/research before each short meeting -- I'm not sure if I'm going to have 25 20-minute meetings and then still have 25 1-hour meetings to follow up, or if it's more like 25 20-minute meetings and then 5-10 1-hour meetings.
- tyre 10y agoIn what percentage of 1-hour meetings do you eliminate the company within the first 20 minutes? As a CEO, I've eliminated at least 25% investors in that time period. Given that most meetings start with the company pitch, my guess is 20 minutes would be enough to winnow down the list of hour meetings.
- lpolovets 10y agoIt's hard to say. If it's literally my first exposure to a company, then probably 80% or 90%. But demo days are more complex. I might see 125 companies pitch on stage and try to follow up with 25 of them. So that's 80% eliminated from the demos. For the other 25 companies, I already know a little bit from their pitch and find them interesting, so I'm not sure how many of them I'd be able to eliminate within 20 minutes. My guess is 25%-50% (of the remaining 25), but it's a wild guess.