VentureBeat: Bang Ventures: the American Idol of tech
Andrew Fife
· 1 year ago
Is this thing going to be televised? YoubetheVC.com doesn't even show up in Alexa, so their promise to deliver a voting user-base is unproven, and I don't see how any of their judges are qualified to vet startups. Google is an anomaly, Pownce still has a lot to prove and baseball just isn't related to technology startups at all.
I'm pretty skeptical that this will work out financially the VC LPs, but I am curious to see how it plays out agree with the "why not" sentiment... that it is an interesting experiment.
Paul Graham
· 1 year ago
The average age of Y Combinator founders is 25. Except in the stoner community I don't think that's "college age."
dave mcclure
· 1 year ago
hmmm. sounds like good entertainment, and i'm all for more innovation around startup / venture process, but i gotta think the formula ain't:
either way, founders are a lot more important than the [initial] idea. great people will tweak a so-so idea, and figure out how to make it work. not so great people will f*#@ up even the best ideas and crater.
still, should be fun to watch the pitch & critique sessions
Sanjay Vijayakumar
· 1 year ago
Hey...i think the is a very important factor even in countries like India.
Macaroni Mike
· 1 year ago
Yea right, as if anyone ever launched a hugely successful business from such contests and shows!
Just line up all the "winners" of MIT's past such contests and you'll see.
Fully agree with Dave Mcclure's formula above.
Linda Johnson
· 1 year ago
Interesting review. What excite me is how you have manage to make me look at it from a different perspective. I'll bookmark your post and try to mention it in my next blog post.
I am a huge fan of American Idol this season. Here is a cool site that I found that has some really neat drawings and could definitly be a niche in AI world! My favorites are the David Cook ones and the Jason Castro ones. Check them out!!! http://www.americanidoldrawings.com
All Comments
I'm pretty skeptical that this will work out financially the VC LPs, but I am curious to see how it plays out agree with the "why not" sentiment... that it is an interesting experiment.
Startup Success = Founder(idea) + Bang(engineers + cash)
more like:
Startup Success = Founder(idea + engineers) + VC(cash) + [lots of iteration]
either way, founders are a lot more important than the [initial] idea. great people will tweak a so-so idea, and figure out how to make it work. not so great people will f*#@ up even the best ideas and crater.
still, should be fun to watch the pitch & critique sessions
Just line up all the "winners" of MIT's past such contests and you'll see.
Fully agree with Dave Mcclure's formula above.
Linda
-----------------------------
Looking for FREE LG PRADA KE850 Mobile Phone?