- New job post: Senior PHP Developer / Client of Grossman Dorland Recruitment / Toronto, ON, Canada: Client of Gross… http://bit.ly/c8G0GL #
- congrats @wellca RT @startupcfo: RT @aliasaria: Biggest day of sales in Well.ca history was yesterday. Go team. Nice work Well.ca! #
- I'm checked out too RT @shap I'm out. Have a good weekend! #retail #therapy #patiofriday #
- Thanks @opushotel @fluevog new shoes acquired http://post.ly/jyJn #retail #therapy #
- Is that steal the deal ot stealth eDeal? RT @alexdao another team buying site http://stealthedeal.com #guelph #
- RT @danmartell #EmailTIp – when responding to an intro, thank the person & move them to bcc so that they're not on the ensuing convo thread. #
- In a minor car accident everyone is ok, heading to collision reporting centre #
- Accident reported this morning. Everyone just fine. GTI suffered minor damage on the drivers front tyre and quarter panel. #
- FYI if you're in a minor accident you're still obligated to report it http://www.mto.gov.on.ca/english/faq/vehicle.shtml#collision #collisi #
- RT @newsycombinator: Why People Are Afraid to Start a Business http://bit.ly/b2yU8k #
- RT @danmartell Lessons from raising a seed round – (BlockChalk Blog) http://bit.ly/9Y5NYX #IterateYourPitch #
- New job post: Lead Java/PHP Web Developer / Startup / Toronto, ON, Canada: Startup/Toronto, ON, CanadaRole
You wil… http://bit.ly/aOxHsX #
- @jennahoff awesome. If you get to q&a asked how he liked being on the Simpson's #stephenhawking in reply to jennahoff #
- Create more value than you extract, hard but crucial RT @cdixon: Builders and extractors http://bit.ly/aMugdg #
- Holy moly 30k+ servers @facebook 570B monthly pageviews http://royal.pingdom.com/2010/06/18/the-software-behind-facebook/ #
- Venture Capital is Broken http://bit.ly/bP7w6G by @sacca "we enable startups, fuel the ambitions of entrepreneurs, help them grow as people" #
- @DavidAndGoliath so closed source =bad but iOS4 = great. Maybe it's about well designed & executed systems not open vs closed in reply to DavidAndGoliath #
- RT @PayPalx Developers: Want to speak at Innovate 2010 in Oct? Monitizing apps is the focus http://bit.ly/callforpaper for details #
- RT @byosko @Brydon @rayluk @jefftala: We have @StartupDrinksCa in every province except PEI, Manitoba & NFLD. Any volunteers? #
- Re-evaluating my view on medical ethics – "my parents had loved and looked after each other, humanly and imperfectly" http://nyti.ms/bFiHJK #
- Missing Azure for completeness of major platforms RT @timoreilly @radar: On the performance of clouds http://oreil.ly/bdEVcY by @acroll #
- @acroll @gogrid the report is excellent I was hoping for additional details but it's great #mustread for devs & ops managers in reply to acroll #
- New job post: Senior Architect & Application Developer / Confidential / Greater Toronto Area, ON, Canada: Confiden… http://bit.ly/a4muv5 #
- Nanna is watching the girls. At the movies gonna watch the A-Team. It better be a brainless romp that makes me laugh. #
- @AGORACOM @bargold A-Team was crazy fun. I don't like the crazy rapid cut action sequences but it was great on 1/2 price Tuesday in reply to AGORACOM #
- Booked a @zipcar tomorrow, made my reservation extra long to avoid a situation like the last one #baddave #late #
- "figuring out the right speed & scale of a business idea" RT @startupcfo: The Top 30 Venture Funds & The Also-Rans http://bit.ly/bAxbUM #
- @msuster depends on # of HD videos to be stored (but yes, should be fine) in reply to msuster #
- #wp7 stuff with @jwakeam @plaberge @accordionguy (@ Microsoft Canada) http://4sq.com/5isWvZ #
- @ronpiovesan @mikerhemtulla @mikef1fan A-Team was a lot of fun, not a lot of intelligence but a lot of fun, stuff blows up #
- OH @accordionguy "It's way too early, I"m not usually done throwing up at this point in the morning" #thuglife cc: @plaberge #
- @acroll WP7 is coming to Canada in time for the holidays #
- RT @rayluk: New Angel group: Hacker Angels http://bit.ly/aQliEn and http://hackerangels.com/ #angels #
- Constraints are very effective at clarifying messages RT @fredwilson: Keep your deck to six slides http://bit.ly/98hV9x #
- Interesting Tier 1: iPhone & Android; Tier 2: RIM & WP7 RT @rww: Developers Betting on Android Long-Term, Says Survey http://bit.ly/9O7edY #
- @itsdgc re: #democamp the entire point is that each region should modify it to meet their own needs, maybe someone should fly me over in reply to itsdgc #
- OH @accordionguy "urinals are more aware of your presence than most computers and mobile phones, they flush when you walk away" #sensors #
- Yikes this concerns me as I re-evaluate all of my installed apps security profiles http://bit.ly/aeWrrl #android #marketplace #security #
- RT @SeanEllis: This Compete curve suggests Foursquare has jumped the shark – I'm guessing weak PM fit: http://bit.ly/9uWHBc #
- WTF is wrong with people RT @sacca: This is the most disturbing video I have ever seen. Warning. http://bit.ly/cEmAeR #
- #g20 precautions are insane/overkill #policestate #
- I'm at Microsoft Canada (222 Bay St., Toronto Division). http://4sq.com/csrjJV #
- I'm at MSN (222 Bay St, at Wellington St, Toronto). http://4sq.com/9DVZZB #
- As should be expected RT @jaygoldman It's official: #204beech is coming down! Congrats @gteehan and family. http://bit.ly/an8xxM #
- RT @CVCACanada: Pension Funds ABP, OMERS Launch €200 Million VC Fund http://goo.gl/fb/Is1hf #
- RT @startupnorth: OMERS & ABP announce €200 Million VC Fund (€100 Million in Canada) http://bit.ly/94d1MD #
- RT @byosko @rayluk: How To Run An Early-Stage Board Meeting by @bijan http://bit.ly/djx0pX #
- New job post: Digital Analyst/Producer / inVentiv Canada / Toronto, ON, Canada: inVentiv Canada/Toronto, ON, Canad… http://bit.ly/b4bSzU #
- @aprildunford @SeanEllis overlap reduced as company grows. Wonder if there are differences in corp performance in reply to aprildunford #
- @SeanEllis @aprildunford PM Fit really changes the role of market and the movement ttroke product suites and platforms in reply to SeanEllis #
- RT @sxsw #SXSW on YouTube: On the Road with @DanMartell http://ow.ly/22UV1 #
- @aprildunford agreed post PM fit separating customer acquistion from product makes sense cc: @SeanEllis in reply to aprildunford #
Can you pitch your company in six slides? I can’t believe that Fred and Brad raised the first USV fund with only six (6) slides.
“We learned to simplify our story and we learned how to create six killer slides. And killer slides are not slides with a dozen bullets each. They are six powerful points that combine to tell the meat of the story.
So when you sit down and build your pitch deck, think of six slides that will inspire and leave something for the imagination. The best part of six slides is that you will get through them in time to have a real substantive conversation face to face about your business. Imagine that.” – Fred Wilson
Constraints are a great thing. They help entrepreneurs filter and focus their presentations and messages. Getting your pitch down to six slides is going to be a challenge, and challenges are fun. I’m a big fan of the sequence of slides recommended by David Rose’s, chairman of the New York Angels, but even this sequence is 15 slides.
- Company Title Page
Start with the name and logo of the company, the name and title of your presenter, a one-line description or tagline about the company, and the dollar amount of the round you are raising.
- Business Overview
Boil down your elevator pitch to one sentence. Tell us what you sell or do in very concrete language. This sets the context for the rest of your presentation.
- Management Team
Show us your talent and experience, with one line of background (two lines max!) on each member.
What’s the environment in which you operate, how big are the segments, what are the pain points?
How do you solve a customer’s pain? What exactly do you do? This can be illustrated with a clear product or screen shot, or a simple process diagram, but if we don’t know what you do, we won’t know why we should fund you. (But don’t spend too much time on this, since you’re pitching the company here, not the product.)
- Business Model
Who pays whom, how much, for what and from where. What does this mean for annualized revenue streams?
Who are they, how many are there, how do you distribute to them, and how are they attracted and retained?
- Strategic Relationships
If you have any, make sure we know about them.
Who and how threatening are they? What are the differentiation factors? Include both direct and indirect competitors. Remember that everyone has competition, even if it is just “the old way” of doing something.
- Barriers to Entry
How will other potential competitors be kept at bay?
- Financial Overview
Show us your top-line revenues and expenses, and EBITDA two years back and four years out.
- Use of Proceeds
Where will our money take you?
- Capital & Valuation
How much have you raised previously, who are your current investors, what are you looking for in this round, and how do you come to your suggested valuation?
Provide a brief summary of what you said, in this same order, narrowed to the five or six most important points.
- Contact Info/Next Steps
Lead us into the next step, such as a follow-up meeting for due diligence…and include your contact info!
I can immediately reduce this to 7 slides, it’s not 6 but it’s close. The goal here is not to provide all of the information in these slides but to boil down the critical information to the salient points. I have been using Business Model Generation and the work of Alex Osterwalder to help build a better understanding of business model, value proposition, key partners and revenue streams. This combined with the slide sequence is a really effective way to model your business, customers, partners, costs and revenues.
I updated my Open Source Icons post earlier to include updated list of icons. The interesting part was this brought up some great mobile design and development resources. With the list of available mobile icons being just the tip of the proverbial iceberg. Speckboy provides an unprecedented list of resources for mobile developers and designers it includes: Android, iPhone & iPad, mobile web & app testing, .PSDs of different phones, and other mobile platforms.
- Expression Studio 4
- Blend 4 for Windows Phone
- Visual Studio 2010 & Developer Tools
- GIT Extensions for Visual Studio
- Using SketchFlow to Prototype for Windows Phone
- Prototyping RIAs in Silverlight with Expression SketchFlow
- Windows Phone 7 Developer Training Kit
- Expression Blend for WP7
- Windows Phone 7 Designing, Building & Deploying Tutorials (12 step tutorial)
UX Guidelines & Tools
- UX Guidelines for WP7
- Windows Phone 7 Design Template (CS4 PSD)
- Clarity Consulting’s WP7 Design Blog
- Building a Windows Phone Panorama Control
- Panoramic Navigation on Windows Phone 7 with No Code
- Panorama and Pivot controls for Windows Phone 7
- WP7 Panorama Sample code
- @ryanmckegney windows 7 after party was definitely your idea in reply to ryanmckegney #
- Hustle as Strategy http://bit.ly/aTDM4W by @eskimo_bait #hustleventures #startup #
- RT @Roebot: Official press release about Dachis Group use of MindTouch: http://bit.ly/100611_dachis #
- summer #movies Holy Rollers http://bit.ly/b4HWcM Wallstreet 2 http://bit.ly/8ZLADo The Kids are Alright http://youtu.be/bdDSqgZ87fM #
- New job post: Systems Deployment Engineer / Client of Grossman Dorland Recruitment / Toronto, ON, Canada: Client o… http://bit.ly/9S4cSG #
- New job post: Senior Database Engineer / Client of Grossman Dorland Recruitment / Toronto, ON, Canada: Client of G… http://bit.ly/bc4RSR #
- New job post: Principle Systems Administrator / Client of Grossman Dorland Recruitment / Toronto, ON, Canada: Clie… http://bit.ly/bTd1No #
- RT @fredwilson: Platforms As Governments http://bit.ly/cUaxDv http://bit.ly/ctR60O #opengov #
- Happy 50th @rhh SURPRISE! http://post.ly/jJuQ #
- @rogershelps you need to fire/replace Cisco/Scientific Atlanta HD PVR is terrible, ruined F1 quals recording again cc: @ascohen @dscheinm #
- @TiffenyC both McLaren's and the red Ferrari of Eye Brow Man couldn't be happier #f1 in reply to TiffenyC #
- More Cdn startups @anamolytweets RT @startupcfo: Top 50 startups worth watching, including my friends at #Tungle http://bit.ly/9znGVR #
- RT @fastcompany Work Smart: Take Back Your Calendar with Defensive Scheduling http://bit.ly/cr3wdy #
- Wow, NYC movin' on up RT @WIREDBiz Bloomberg announces NYC medialab modeled after Stanford & MIT. Located in … downtown Brooklyn #wiredbiz #
- RT @davemcclure @jboogie: #ux and #startup porn right here: "the UX-driven startup" http://bit.ly/uxvision by @ladylexy #
- "Humanity needs heroes. Become a Spartan" http://bit.ly/9GajSR #haloreach – reminds me of Ender's Game & Starship Troopers #
- OMG Bacon & Chocolate – 1 pls RT @ambermac: Ok, trying photo again…any luck? http://twitpic.com/1wtlsh #
- Updated: Open Source Icons http://bit.ly/aHI2Xl includes web applications and some mobile icons under CC & LGPL #icons #
- RT @jsookman: New Post: The Five Whys and Three-Minute Rule for Startups http://bit.ly/d3D4nv #
- “If we were to start over today, would we build our product the same way?” RT @hnshah Pivoting http://kiss.ly/cIDxY0 by @cdixon #leanstartup #
- "Insanity: doing the same thing over and over again and expecting different results.” Albert Einstein #expectation #
- The 7 Habits of Highly Ineffective People http://bit.ly/agSntt by @danariely #mustread #
- RT @madhava: Firefox Sync, Firefox Home for the iPhone and a peek into Mozilla's cloud strategy: http://bit.ly/aTYaXj (via @chrisblizzard) #
- @msuster been hit with WP hacks a couple of times. Requires hardening http://bit.ly/9PkhLL and make sure your all cleaned and patched up in reply to msuster #
- Missing #pptkto tonight damn these are my face #improv #
- New job post: RedDot Developer / Confidential / Mississauga, ON, Canada: Confidential/Mississauga, ON, CanadaWe ha… http://bit.ly/cU85OI #
- But how… RT @jowyang Overheard: "What's your business model?" the cool, calm response was "To make more money than we spend." *silence* #
- RT @suziedingwall: Founder revelation: some form startups b/c they're socially acceptable way to indulge gambling habit. This is not optimal #
- @boingboing covers record industry nonsense related to Canadian DCMA C-32 http://bit.ly/beib9k follow @michaelgeist http://bit.ly/cdkdxV #
- #fundraising donate what you can to http://blucier.me/c2SBJr make a donation and get @benlucier to pedal his ass off #qualityoflife #
- Reading "How does the new Hotmail Stack Up to Gmail?" http://bit.ly/cs58eY by @lifehacker + Custom Domains http://bit.ly/bECvCa #
- RT @MikeMcDerment: @FreshBooks is hiring 10+ developers: http://bit.ly/cVCYvq tell'em where you say the job posting (referral bonus) #
- Upgraded @myoptometrist @startupnorth @davidcrow to WP 3.0 #wp30 thanks @wordpress http://wp.me/p4Ez4-mg #
- RT @wordpress: Introducing WordPress 3.0, Thelonious. What are you waiting for? http://wp.me/p4Ez4-mg tip @techmeme #
- Social Media Operations Center crazy! RT @jackiehuba @benmcconnell: Wow. @gatorade is state of the art in brand listening http://j.mp/bzzSTD #
- Crazy @gatorade Mission Control Center for social media marketing http://bit.ly/dyFNdw built by @radian6 tip @techmeme #
- LOL RT @mathewi: @arrington: I thought it was the boats we were supposed to burn, but whatever — bridges works too 🙂 #
- I'm in semantic hell – vision, strategy, tactics, plans, #CYA http://bit.ly/dleZMB #
- OH "be the vevuzela to the community" #strategy #
- @Brydon yes isn't that a great social media #strategy #vevuzela in reply to Brydon #
- RT @ceonyc: New Post: Outflanked, Not Outspent: The Real Story of Recruiting for Tech vs Wall St in NYC http://bit.ly/9YyxTc #
- On my way to http://bit.ly/99w6Ym to talk #opendata #gov20 and #canada #
- RT @cnetterfield "value for founders in this market is from options not founder stock. IP contributed to the company has been commoditized" #
- At #govcamp with @daeaves @remarkk and others (@ Toronto Reference Library w/ @bjeans @photojunkie) http://4sq.com/94rvOc #
- #govcamp @remarkk introducing the rules http://post.ly/jrsb #
- Talking to @withoutayard @bgilhman #govcamp lots of twitter peeps #
- Julia and Omar welcome the crowd http://post.ly/jrtY #
- @dondodge on his first 6 month at the $GOOG http://dondodge.typepad.com/the_next_big_thing/2010/06/working-at-google-the-first-6-months.htm #
- RT @AccordionGuy Crunch Time for Windows Phone / Toronto & Vancouver workshops: http://is.gd/cTjjq / http://is.gd/cTjkB #
- Tighter shirt… RT @bgilham My demo needs more sex appeal. I'm right next to a racing game and the guys from MyTTC. #govcamp #
- Crowd at #govcamp listening to @daeaves http://post.ly/jrvj #
- @ResultsJunkie we're in a beautiful space Toronto Reference Library #govcamp unlike the warehouse @brycej refers to from #barcampTDot in reply to ResultsJunkie #
- RT @daeaves: I've opened my data, where's my community. Awesome session name. #govcamp #
- @photojunkie poloroid style http://post.ly/js7b #
- #brownies donation for my hippiefriend @daeaves #govcamp #
- RT @barrywellman Toronto G20 protestors to use vuvuzelas counter cops' sonic cannons #
- RT @maryjofoley Demystifying Microsoft's mobile OS roadmap (which gets yet another addition today): http://bit.ly/drBCwI #
- @peteforde talking about http://dataliteracy.org/ at #govcamp #
- @dbarefoot meet @danmartell from @flowtown you should connect in YVR in reply to dbarefoot #
Fred Wilson has a great post about community. It captures the sentiment of DemoCamp, Founders & Funders, and StartupNorth, which shouldn’t be a surprise given the related nature of these vehicles to the communities that read Fred’s blogs. But more importantly you can see the sentiment in my posts:
It’s about building the connections between the people. The greater the number of connections between different nodes allows more opportunities for the exchange of value. Whether this is because the group is large, or because the opportunities are more valuable. DemoCamps are events. But they bring people together. They give them the opportunity to connect. To take the stage. To learn. But it’s supposed to be about the connections with others, it’s about the beers in the bar afterwards. It is a social event. Founders & Funders is a social event. There is no stage. There is no pretension. It’s about the realization that their is an opportunity to connect socially with the people that start high potential companies and the people that fund them.
Read the poem in Fred’s post.
A couple days ago my son “graduated” from 8th grade and in the moving up ceremony his teacher read this section of a poem called The Low Road by Marge Piercy. As she was reading the poem, it made me think of this community and what it means to me. So this is for all of you.
—————-Alone, you can fight, you can refuse, you can take what revenge you can but they roll over you. But two people fighting back to back can cut through a mob, a snake-dancing file can break a cordon, an army can meet an army. Two people can keep each other sane, can give support, conviction, love, massage, hope, sex. Three people are a delegation, a committee, a wedge. With four you can play bridge and start an organisation. With six you can rent a whole house, eat pie for dinner with no seconds, and hold a fund raising party. A dozen make a demonstration. A hundred fill a hall. A thousand have solidarity and your own newsletter; ten thousand, power and your own paper; a hundred thousand, your own media; ten million, your own country.
Mathew Ingram asks “Does the World Need More Than One Twitter?“. Can you imagine if e-mail was only run by one company? How weird would it have been if we’d all been stuck with a CompuServe email address? It’s interesting to see companies like Status.Net build an open source microblogging platform that can serve as the basis for an alternate real-time micromessaging communication protocol.
Mathew also mentions one of my other favourite companies, StockTwits, founded by StartupEmpire speaker Howard Lindzon. Howard is well versed in the Twitter ecosystem having invested in StockTwits, Disqus and other Twitter based apps. Howard has a great post about what would happen to StockTwits minus Twitter. StockTwits is something like Bloomberg built on top of a micromessaging platform that can publish and subscribe to Twitter. Twitter is a great public micromessaging platform, but it is a platform that is continuing to evolve. We’re starting to see the emergence of different protocols including XMPP, PubSubHubBub and other protocols. There is a great opportunity to think about the opportunities beyond Twitter. And make sure you check out both Status.Net and StockTwits, they’re awesome.