Tag: chronicles

As a TechCrunch50 2009 Semi-finalist who chose legal services over Demo-Pit costs, I empathized every moment with the presenters and salute all of you.

LBS is just gonna get, sorry Location Based Services, is just going to become more and more important.

— Dick Costolo,  Panelist & Judge http://www.ustream.tv/recorded/2169088

with only the bare bones of running code, I submitted our TechCrunch50 2009 application. My contributors (The Start-Up Chronicles: Chapter 2. Who, Part 2), while suggesting I was being too aggressive, agreed that it’s always nice to have Milestones, and agreed to try.

I received an email informing stating:

Congratulations, your company has been selected for a phone and screensharing interview. We were truly overwhelmed to have over 1,000 applications from over 40 countries submit to launch at our event this year, so please feel great about making it to the next round of consideration.

We received an email instructing us to book a demo time and make whatever live demo arrangements necessary &

The duration of your interview will be 15 minutes. Please plan to demo your product for 8 minutes (show the product, we have the background information in your application) and use the remaining 7 minutes for Q&A.

As a reminder, DO NOT comment about your interview status publicly (including social media such as Twitter, FriendFeed, Facebook, etc.) Unfortunately, we’ve had to eliminate 2 companies to date from consideration who posted about their status with the conference. We don’t want to take these steps, but other applicants are certainly looking out for people who do not follow the rules. Please don’t let this be you.

Our twenty minutes of fame. Jason Calacanis logged into the demo a couple of minutes late. I reiterated our assumption that he’s seen our background video uploaded with our Application to which he informed us that he only saw our names & that of our start-ups’ as he found the demo log in information. Somewhat disappointed, I pushed back reminding him of the previous email. All Jason said was:

Just demo.

And demo we did. Not taking any chances, we had a prerecorded simulated demo of how the system will work end-to-end, followed by a live demo of its current development state. Jason made a few observations. Fortunately for us, we had collaborated for weeks on an entire internal wiki pages titled -“Pitch FAQ”, which just happened to provide fuel for my answers. And that was it. twenty minutes does not last long. Jason thanked us for taking time out of our Sunday evening, told us we should hear something in about a week and immediately signed off.

The three of us stayed on the conference call for another hour going over and over those twenty minutes and wondering if we could have done any more and whether Jason got it, or, not. And the truth of the matter is, if we could have done it all over again with hindsight being 20/20, we wouldn’t have changed a thing. So we were just going to sit tight and wait for an answer.

Via email:

Unfortunately, we regret that we are unable to place your company as a TechCrunch50 finalist. This is certainly not a commentary of your business, technology or team. Many applicant companies have gone on to great success without launching on stage. For our 50 limited slots, we purposely showcase a diversity of technology innovation from different countries, mixing both funded and unfunded businesses. In many cases, our need to curate this content matrix eliminates many outstanding companies from a lead position on stage. We received more than 1,000 total applications— making for many tough decisions.

As one of our semi-finalist companies, we would like to offer you the opportunity to participate in our DemoPit. Over the last two years, the TC50 DemoPit has become one of the main assets of the TechCrunch50 Conference. It enables another 100 companies (50/day) the chance to showcase their technology to conference attendees. And the favorite “Audience Choice” from our DemoPit wins the last presentation slot on stage, along with the right to win the $50,000 best in show award provided by the TC50 organizers. The DemoPit wildcard is our way of acknowledging that our judging is subjective and that there are many more outstanding companies in our West Hall than we can fit on stage.

This year, we will be selecting two DemoPit companies to present on stage, one from each Monday and Tuesday. So your odds have doubled for a shot to still get on stage.

For a while I considered dipping further into my line of credit and “invest” in the DemoPit and associated travel expenses. But after conferring with my Contributors, it seemed the responsible thing to do was move the project to the next level by investing further in legal services. And that’s what I did.

I replied to Peter of TechCrunch my thanks for the opportunity but simply couldn’t afford it. But at the same time, in the interest of outside-in software development, I asked if we could possibly get any feedback to help us.

Email to Peter at TechCrunch

Hi Peter,

Here’s a thought…

TechCrunch should publish an index of the semi-finalists with their 140 character description & video (link to youtube if you prefer) in exchange for them not going public until after the site is published at TechCrunch50.

Ideally, you would let your community rate & comment on their favorites. That would be a win-win for everyone:
You’re still the mecca for launching start-ups
You’re still The Sensitive One when it comes to non-funded (some call it ultra-light) start-ups – you’re almost angelic 🙂
We get exposure & hopefully feedback that can be used in subsequent outside-in development
My one-liner is: [Still a secret] & you could use the 5-minute video that’s uploaded from my Application, or, I can repost it somewhere for you.

Just a thought 🙂

Regards,
Steven

Peter’s reply:

Steven, I’ll pass this along as something to consider for future years. Thank you.

My reply:

Peter, in the meantime, is there any feedback you can possibly share with us to add even more tremendous value to our TechCrunch50 experience?

Peter’s reply:

Steven, I spoke with your reviewer, Jason, who told me “I thought they were off to a really great start and that [still a secret] is a real challenge and opportunity. However, their product was not as far along as the top 50 we are selecting this year. I have no doubt they will get to the promised land with a little more time and effort.”

My reply:

Peter, you just made me very 🙂

I haven’t watched all of the presentations yet, but enough to honestly say that my heart and nerves went out to everyone presenting. While all of the panelists I saw offered practical and useful feedback, I did feel that some of them were hell bent on not giving any kudos. Yet despite the pressure, I thought the demos were great and the presenters ability and preparedness to answer the panel’s questions were even greater.

I can only imagine the organizational nightmare it must been to pull off this event with such class – not to mention the temperaments required in dealing with start-up to guru egos. I thank you Peter and Jason for all your efforts, patience and inspiration. I look forward to one day meeting you in the Promised Land.

Once the legal work is complete we’ll start expanding our start-up Community to prepare for a limited private release. In the meantime, I’m going to try to bring in some income by seeding the social software seeds at my Sara’s elementary school.