Yesterday was the last day of the AaltoES Boot camp. The teams still did one last 3-minute elevator pitch and we did something a bit extraordinary also this time around.
The teams also posted a document that was supposed to describe their business model for the judges. We posted this FinderBase business model description. Our team has effectively managed to almost entirely detach itself from reality and concentrate on the dream that we’re after with FinderBase.com. Feel free to comment our document.
Not surprisingly, we didn’t win.
But it’s interesting to see who did. The teams chosen by the judges well represent the ideology of the Aalto University as a home for scientific research. The top three were:
- Thermophotonic Heat Pump.
All of these ideas had a strong research background. All these teams have patented technology to base their solution on. The two first also have a physical product that they’re trying to build a prototype of.
Let’s have a quick look at the rest of the teams:
- Aalto Brain Company. A game.
- Audiodraft. A website.
- Barisma. A website.
- DreamTravel. A website.
- FinderBase. A website.
- Kassi. A website.
- LucSens. An iPhone app.
- Makumaku. A website.
- Relationship Games. A Facebook app.
- Videolla. A website.
- Shobble. A website.
Can’t blame the judges. Nobody ever got fired for buying IBM.
Today, I was asked to appear as a guest blogger on the Aalto ES blog.
Check out today’s entry there!
Petteri’s pitch on AaltoES bootcamp, April 7th, 2010.
I spent the afternoon today attending the kick-off session for the Aalto ES Boot Camp. Big thanks go to Petteri Koponen and Taneli Tikka for the inspiring keynote speeches.
But what were you doing there?
I was asked this question a couple of times. Someone might consider it a bit awkward to attend an event that not only were you uninvited but your were especially rejected from the list of participants. Well, it wasn’t quite that bad but I still was the only rogue attendee.
This first event of the boot camp was about the essence of entrepreneurship. One recurring theme in all the keynotes was the persistence of the entrepreneurs – you have to persist through failure. You have to pitch your idea a 1000 times to get good at it.
The program itself presented the justification for my stay.
In the end of the day, it all came down to a one-minute pitch by each team. I wasn’t especially invited to pitch but I asked for a permission to do so. Hard to say to no to that.
The end result was that three people came personally to thank me for an excellent pitch and considered it to be the most memorable of all the 14 pitches. They could even be right. The whole situation was on my side:
- My presence there showed true entrepreneurial spirit.
- I was instantly different from everyone else.
- Being different means being more memorable.
- Since I was rejected, my idea wasn’t expected to be any good.
- I had absolutely no pressure to pitch well.
So, whatever you do, find a way to stand out in a positive way. Sometimes it’s good to be bad.
Today we finally started developing our new social media web service. Two developers sat 11 hours straight for building the foundation in a functioning community.
I’ve worked a few years managing software projects and I can say these guys did in 11 hours what it takes a team of two 11 days in an average software firm. And they did the job with virtually zero management.
What did you do then?
I was running in circles and pitching our idea to a dozen people. Big thanks to all you who helped to develop the idea further.
One of these pitches was even videotaped so you can find the it online if you know where to look. However, it’s a poor quality video and will probably give you totally wrong idea on the whole concept, so don’t waste your time searching for it.
Where’s is the demo?
The demo will be out when it’s ready. Hopefully tomorrow. Or next week. Or Later.