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Funding Friday: Eyeglass Frames Made From Recycled Water Bottles1


I backed this project today and bought myself a new pair of eyeglasses in the process. https://avc.com/2018/04/funding-friday-eyeglass-frames-made-from-recycled-water-bottles/

Funding Friday: Eyeglass Frames Made From Recycled Water Bottles1


I backed this project today and bought myself a new pair of eyeglasses in the process. https://avc.com/2018/04/funding-friday-eyeglass-frames-made-from-recycled-water-bottles/

Funding Friday: Eyeglass Frames Made From Recycled Water Bottles1


I backed this project today and bought myself a new pair of eyeglasses in the process. https://avc.com/2018/04/funding-friday-eyeglass-frames-made-from-recycled-water-bottles/

Pitch Dynamics


Source: http://themusingsofthebigredcar.com/pitch-principles/ What does a pitch feel like? How should it feel? Pitch dynamics. Big Red Car here on a spectacular Texas spring day, y’all. It doesn’t get better than this. It was 53F this morning and it will be 83F this afternoon. On Earth as it is in Austin By God Texas! So, I’m talking to two founder CEOs and we get on the subject of the dynamics of pitching. [Huh, Big Red Car, the “dynamics?”] By dynamics, I mean the sense of the encounter, the style with which you pitch, the personalization of the pitch, what the pitchee (the funder) is thinking and looking for. So, we discussed it for an hour and some fajitas. Here is what we settled on. Before we go any further, let’s acknowledge that that first meeting, if successful, is the first of 5-7 touches before you are looking at a check. You never get a second chance to make a first impression. What are we looking for, Big Red Car? You are looking to make the VC/funder care about the problem you are solving and to believe in your solution. That is the most basic objective. MAKE ME CARE Questions, please If you use your ten slides as the chapter headings and carefully tell your story, you are mining for questions. When a funder asks questions, he is indicating interest. Interest is the pre-cursor drug to caring. Nobody cares about anything they are not interested in. Make a connection, founder/CEO, please You are looking to connect. Connection is like opening a door. Same school? Same sport? Same interests? This is personal. Nobody ever invests in anybody they don’t like. Connections build the bridge of relationship. It is a petty thing, but do some homework and know who you are pitching before you walk in and find out you’re pitching the VC arm of the Hells Angels and you don’t even know how to ride a Harley. Go into the lion’s den looking like a lion Look the part, dear reader. Do enough research to know how your audience faces the world — blazer, button down collar shirt guy? Sweats? Tee shirt and shorts? Know your audience. If you’re going to hang out with lions, look like a lion. Otherwise, they may eat you. What would Dale Carnegie say? “Dress like your audience and create an immediate bond and sense of comfort.” He would say that. I promise you. Follow up, get the next meeting Follow up. OMG, I cannot believe I have to tell anyone today to follow up. It is how you do it that is important. How? An immediate, noteworthy hand-written note card with another business card in it. Old School, but very effective. The notecard trick. Answer any questions which were raised that were left unanswered. Short, sweet. Show you were listening. Cross your fingers, be lucky Do not underestimate the role of luck in pitching. It is real. You catch a funder on the aftermath of a pleasant experience, you get one experience. You catch a funder after his banker calls his note on his yacht, completely different experience. One day, the funder has just done a deal in your industry. “Sorry, that basket’s full.” Another day, the funder has just gone to the paywindow. “Very interesting, I have a few bucks to play with.” Luck. Make some. Remember, there is a thing called pitch dynamics. Use it to our advantage. You got this. But, hey, what the Hell do I really know anyway? I’m just a Big Red Car.         Share this:TweetShare on TumblrPrint Related Source: http://themusingsofthebigredcar.com/pitch-principles/

The Scratch Effect


Last night the Gotham Gal and I attended the annual benefit for the Scratch Foundation which provides financial support to the Scratch programming language and learning environment. Mitch Resnick, founder of Scratch and leader of the Lifelong Kindergarten Group at the MIT Media Lab (I love that name so much I had to find a way to get it into this post), shared some numbers with the attendees last night: In the last year, over 200 million people have used Scratch to make something, share something, or learn something. I realize that not everyone who uses Scratch is a child, but the vast majority of them are. There are roughly 2bn children on planet earth, so that means roughly 10% of our children used Scratch last year. Think about that. At our table, there were four high school students who I had invited to join us at the event. Two of them are ninth graders, just starting to learn to code and they are learning with Scratch. Two of them are seniors, experienced programmers who are experts in Java and a number of other languages. Four years ago, they learned to code on Scratch. Scratch is the one ramp to learning to code. There really isn’t anything better to engage, excite, and inspire children to code something up and share it with the world. And, right now, in 2018, 10% of our children are using it. I am confident that in a few years that number will be 30-50%, and I pray that some day it will be 100%. https://avc.com/2018/04/the-scratch-effect/