4 ms·

TheFunded Founder Creates A Startup Camp For Young CEOs

32 points by thepanister 18y ago

theklub 18y ago
This is great. The more of these seed camps the better, in my opinion.
- minalecs 18y ago
  agreed, any help is good.
mariorz 18y ago
So basically the offer is tuition for some dubiously useful courses in exchange for options on your future company. ACT NOW!
vaksel 18y ago
The whole concept of not investing until after graduation has some merit...but I see 3 problems with this: a) this guy has no pedigree...all he has going for him is that VC rating site b) He has no practical experience, when he had a VC rating website, what did he learn about pitching to investors? c) As a fresh startup...do you really want to start out with ties to someone who has negative relations with pretty much all VCs? It just seems like he is an opportunist who is jumping on a bandwagon,
- djahng 18y ago
  I agree with your point c...do you want to be associating yourself with someone who's legacy is a website that allows people to anonymously trash-talk their VCs?
  - varaon 18y ago
    ...and therefore may help you avoid getting shafted?
- FreeRadical 18y ago
  In response to 'a' and 'b': http://www.adeoressi.com/about/ http://www.adeoressi.com/about/
  - gruseom 18y ago
    Upmodded for the most ass-kicking refutation I've seen here in a long time. Edit: Maybe that's harsh, but one ought to be careful before saying that someone has "no pedigree".
  - vaksel 18y ago
    Crunchbase fails me again: http://www.crunchbase.com/person/adeo-ressi http://www.crunchbase.com/person/adeo-ressi
rokhayakebe 18y ago
Teaching startup entrepreneurs how to create/run a business is a waste of time. Entrepreneurs only need to identify markets and build products they believe will generate interest, and can be monetize beyond the break even point. What are you going to teach them? How to pitch? The value of an incubator is not the lessons on how to incorporate or how to close a deal. The value is the network. Your incubator must be connected with VCs, the Media and more importantly Buyers. Everything the entrepreneur will pick up as he goes. Also most of the things that apply to all startups (accounting, payroll, incorporation), they should simply outsource it and focus on building a product. Bring me money. Bring me buyers. Bring me customers. Bring me Media attention. The rest we got it. Spending 8 hours a week learning how to create a great powerpoint presentation is not an entrepreneur's business. When you get to the point where you need to learn these things, you go hire yourself an MBA. Just my 2 cents. That being said, I wish he helps startups launch.
- jonmc12 18y ago
  Good points, but not everyone that can build a good product has the ability to position it, promote it, and sell it - a crash course could be of great value. Further, paying in warrants for a class is much less expensive than hiring an MBA.
  - rokhayakebe 18y ago
    Well then let's hope it is the non-technical co-founder without a MBA who seats there.
- justin 18y ago
  I agree the network is extremely valuable, but Kiko was funded by YC before they had ready access to the best angels in Silicon Valley, and one of the most valuable things that Y Combinator gave us was just the affirmation that it is possible to go start a startup out of college. I didn't got to MIT or Stanford (not complaining, I went to Yale :P) so it was a bit of a leap to go try and start a tech startup right after graduation.
- alain94040 18y ago

32 points by thepanister 18y ago

theklub 18y ago

This is great. The more of these seed camps the better, in my opinion.

minalecs 18y ago
agreed, any help is good.

mariorz 18y ago

So basically the offer is tuition for some dubiously useful courses in exchange for options on your future company. ACT NOW!

vaksel 18y ago

The whole concept of not investing until after graduation has some merit...but I see 3 problems with this: a) this guy has no pedigree...all he has going for him is that VC rating site b) He has no practical experience, when he had a VC rating website, what did he learn about pitching to investors? c) As a fresh startup...do you really want to start out with ties to someone who has negative relations with pretty much all VCs? It just seems like he is an opportunist who is jumping on a bandwagon,

djahng 18y ago
I agree with your point c...do you want to be associating yourself with someone who's legacy is a website that allows people to anonymously trash-talk their VCs?
- varaon 18y ago
  ...and therefore may help you avoid getting shafted?
FreeRadical 18y ago
In response to 'a' and 'b': http://www.adeoressi.com/about/ http://www.adeoressi.com/about/
- gruseom 18y ago
  Upmodded for the most ass-kicking refutation I've seen here in a long time. Edit: Maybe that's harsh, but one ought to be careful before saying that someone has "no pedigree".
- vaksel 18y ago
  Crunchbase fails me again: http://www.crunchbase.com/person/adeo-ressi http://www.crunchbase.com/person/adeo-ressi

rokhayakebe 18y ago

Teaching startup entrepreneurs how to create/run a business is a waste of time. Entrepreneurs only need to identify markets and build products they believe will generate interest, and can be monetize beyond the break even point. What are you going to teach them? How to pitch? The value of an incubator is not the lessons on how to incorporate or how to close a deal. The value is the network. Your incubator must be connected with VCs, the Media and more importantly Buyers. Everything the entrepreneur will pick up as he goes. Also most of the things that apply to all startups (accounting, payroll, incorporation), they should simply outsource it and focus on building a product. Bring me money. Bring me buyers. Bring me customers. Bring me Media attention. The rest we got it. Spending 8 hours a week learning how to create a great powerpoint presentation is not an entrepreneur's business. When you get to the point where you need to learn these things, you go hire yourself an MBA. Just my 2 cents. That being said, I wish he helps startups launch.

jonmc12 18y ago
Good points, but not everyone that can build a good product has the ability to position it, promote it, and sell it - a crash course could be of great value. Further, paying in warrants for a class is much less expensive than hiring an MBA.
- rokhayakebe 18y ago
  Well then let's hope it is the non-technical co-founder without a MBA who seats there.
justin 18y ago
I agree the network is extremely valuable, but Kiko was funded by YC before they had ready access to the best angels in Silicon Valley, and one of the most valuable things that Y Combinator gave us was just the affirmation that it is possible to go start a startup out of college. I didn't got to MIT or Stanford (not complaining, I went to Yale :P) so it was a bit of a leap to go try and start a tech startup right after graduation.
alain94040 18y ago