Tonight I went to an event that was sponsored by a Silicon Valley VC. Some of my take-away lessons below.
Before the session, they offered all the attendees a free meal from a Korean Taco Truck. Lesson 1? Go with the Kalbi Beef Taco. Skip the Unagi Eel Taco -- some "fusion" just ain't meant to fuse.
Lesson 2 was that it's good to get know to venture capitalists even if you don't plan to go that route because they have connections! To talent in particular. This should be pretty obvious but after I determined that the VC route was unlikely for me, I went heads down on product development. (And, by the way, I'm still searching for a full-time technical co-founder so recommendations are much appreciated!!)
And my final add for this post is Lesson 3. Informal settings are a great way to get feedback on your concept without putting the VC on the spot. They don't have to give you an up or (more likely) a down and odds are high that you'll learn something - how the market looks, leads on the competition, etc. Share your idea as often as you can because it's another opportunity to get market validation.
Newb lessons but lessons all the same!
Friday, June 4, 2010
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