Monday, October 22, 2012

My take away from Venture Forum


This is not the first time for me to attend such a networking event but I still have a lot of thoughts to share. After attending the venture forum held in WPI two weeks ago, I get three take away from this great networking event.

Firstly, the real elevator pitch given by the health care company was great. This is not my first time to see a casual business proposal in person, but this one is really an integrated and promising one. The content the elevator pitch covered was comprehensive and pinpoint in accordance to the Business Model Canvas I have learned. Therefore, it was a great real experience for me to observe a real elevator pitch, which combined the principle introduced by professor. Moreover, it gave me more idea of what a real elevator pitch should be and adopted them in my following presentations of my own business models both in ETR500 and MKT566. I’m glad to see that the knowledge I’ve learned in another course can benefit my work and can be adopted by other business man in real.

Secondly, communication is the key in networking event. As other networking events do, the Venture Forum gave considerable time for people to social with others, both during dinner and break. It was great time to talk to the people you are interested in, which widen your social networking circle at the same time. However, how can we achieve this goal and utilize the networking time effectively? The answer is communication. No one talk to people who do not talk. Therefore, looking at other’s eyes and say hi is the key process to start with!

Thirdly, clarify your goal before attending the networking event. I remembered a student asked a question of how to find the co-founder from technology domain. And two engineers raised their hands. You will never gain if you do not ask. Moreover, well preparation makes your time more effectively. You want to seek co-founder? Fund? Or just make more friends? People with clear goal goes faster. 

4 comments:

  1. I cannot agree with you more about the elevator pitch should be include all the key things that the presenter want to tell to the audience. InfoBionics really did a good job on that part. Also, networking event is all about meeting new people and communicating with them. It depends on what kind of networking event you want to participate. Before attending events such as Venture Forum, people definitely needs to prepare well.

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  2. I really agree that you should be fully prepared before going to venture forum. At least we should know who gonna talk today, what position s/he is, and the most important, today's topic. I feel like I did not do enough research about the second topic, which lead me some fall behind the angel invest part. I'm pretty sure what I exactly took away from this venture forum is how to participate a venture forum.

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  3. I always feel a pity that I can’t go to the venture forum every time since I have class on Tuesday. I totally agree with you about the networking opportunity that venture forum provided for participants. I have this opportunity met Lisa who is such a kind person and will lead a discussion during every break about the topic. People on the table are sharing great ideas to make the night even better. Just love the feelings of meeting new people. But sometimes it’s hard to take the first step. Venture forum gives us the opportunity.

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    1. Don't feel pity on absent from VF. I know there is considerable great networking events beside the VF. Take a look at www.eventbrite.com. You will find a lot of resource.

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