VC Unlocked Deal Camp at Berkeley - Day One
.
Here comes the day! Got a bit lost to find the room, I’m so bad at reading map :(
.
Aaandd super duper drowsy due to jetlag coz I woke up at 2am and couldn’t go back to sleep :(
.
Anyway, here are some key takeaways that I noted during the class:
- invention is about discovering some new techniques of creating something
- innovation is about figuring out how to monetize invention
- innovators bring together invention and innovation
- as angel investor, we’re more in discovering talents than discovering ideas
- startup is not a business! just like embrio is not a walking talking human being
- VC tends to avoid expert founders because they know everything exactly how to do it but tend to reject doing thing the other way
- the little bit of stupidity is a recipe of successful innovator because it keeps them learning!
- VC speciality is in de-risking investors !!
- we dont know how much pre-money valuation until we get post-money valuation
- if the only thing investor has is only money, then dont be an investor!
- what investors bring to the table is expertise, advise, network!!
- fail fast! discover dumb idea or smart idea before anybody else!
- if you want money, ask for advise
- if you want advise, ask for money
- look for consultant that is willing to get paid by shares. that consultant name is investor!!
- if you want advise on how to not loose, go to bank!
- if you want advise on how to succeed, go to equity!
- crowdfunding is not to get money, but to get valuation and validation
.
Anyone from the class wants too add? 😃
.
#nutsnote #nutstudy #nutsinus #nutsinberkeley #vcunlocked #dealcamp #500startups #berkeleylaw #startup #angelinvestor #venturecapital #investment #ucberkeley (at Berkeley, California)
https://www.instagram.com/p/BnAKkOBHL0M/?utm_source=ig_tumblr_share&igshid=11tmx0le8di5x