Pitch Your Idea to Startup Experts
Do you have an idea for a startup? Could you use blunt, honest (and maybe even a little soul-crushing) feedback on your ideas from experienced startup advisors and entrepreneurs who’ve been there, done that, and have the caffeine addiction to prove it? Then join us for the Startup Founder Hot Seat event, from Okanagan coLab.
During this event, members of the audience will present their ideas to a panel of experts, who will then rate each presentation on a scorecard, and provide helpful feedback. Even if you don’t want to present, you are invited to register, hear startup ideas, and watch how the experts analyze and critique new businesses.
How Hot Seat Works
Submit your idea in no more than 35 words (that’s not much, we know) and we’ll send you feedback on your application within two weeks of Hot Seat. Only 5 selected entrants will be allowed — that’s right, this is going to be more exclusive than Mensa.
Looking for a pitch format to follow? Start with Founder Institute’s one sentence pitch framework to help you begin: http://fi.co/madlibs
The format is strictly a 5 minute pitch with 5 minutes panel feedback. (Lesson one of the startup world: If you can’t make them care within 5 minutes, you need to refine your idea until you can.)
- Anyone who wants feedback from leading entrepreneurs
- Anyone who has an idea for a startup or an early-stage company
- Anyone who needs practice and expert advice on pitching
Each participant will place their name in a hat to be drawn at random and then be asked to be in the “hot seat”. (If it helps, you can pretend the seat is suspended above a boiling vat of lava like in every James Bond movie ever.)
Be prepared to answer questions such as:
- What have you done to date about your idea? I.e. business research, contact with suppliers, sales, etc. (In other words: Have you actually gotten up off the couch, or is your canine shoe startup Wood Clogs for Good Dogs simply the product of a rhyming joke you made that one time on your coffee break?)
- What do you believe you need to do next to move your idea forward? What’s your biggest concern? (AKA How do you plan on getting from here to there? And don’t say “monorail”.)
Don’t worry, this is not the Dragon’s Den – you won’t be asked to make a formal pitch, and we promise to keep Kevin O’Leary far, far away from all of you.
Drinks available for purchase alcohol $5, Non-alcohol $3
Spectators are welcome!
Even if you don’t want to present, you are invited to register, hear startup ideas, and watch how the experts analyze and critique new businesses. You’ll laugh, you’ll cry, you’ll learn what “KPI” stands for. Fun times!
For more startup events, visit http://okcolab.com/calendar
Okanagan coLab: Founded in 2011, coLab is the Okanagan’s premier coworking space. With over 100 members, coLab is a space for independent professionals and remote workers to network, socialize, and get stuff done. Whether it’s the professional environment that motivates you to be more productive, the ample networking opportunities that lead to your next big move, or just the fact that you actually have a place to meet clients that isn’t a coffee shop, coLab allows you to work more effectively.
Valhalla Angels: Established in 2003, (long before the Dens & the Tanks), Valhalla Angels is a community of Canada’s top angel investors (home to Canada’s angel of the year in 2018 & 2019). We provide constructive guidance to all startups that apply to pitch to our members, as we wish to see our innovative communities grow and succeed. In addition our members are continually giving back to their community through volunteering their time, experience and guidance. We have 4 active chapters in Western Canada and operate under a five-pillar business model under the parent, Valhalla Private Capital – education, training, advisory services, angel network and funds.
Attendees consent to their filming and sound recording as members of the audience. By entering this event you agree to being filmed or photographed which may be used for marketing or promotional purposes.