This is my 2nd barcamp @ SICSR, Pune (earlier being BC3). Weather on Saturday was just like pre-monsoon season, more suitable for enjoying long drives than attending tech sessions :-)
Well about BC5... it wasn't as interesting as BC3 barring a couple of sessions. Recession seems to have an impact on BC5 too ..., NO sponsors, NO free T-shirt, NO free lunch ....
Some notes from interesting sessions I have attended
Startups and Venture Capital
- Startups should consider approaching good VCs to seek seed fund, guidance, direction, and industry connections
- VCs generally look for good idea, its scope and market size, motivation of the team, domain expertise, leadership and execution skills in startups
Its advantageous for startups if their idea is backed with patents and has scope for fallback if required (part of the idea may be marketed to serve another purpose or another set of users).
Typically the process of meeting, convincing and successfully seeking funds from VCs last anywhere between 4 - 6 months. On the average, VCs stay invested in startups for about 7 years with typical investment size of $1 to $10 million.
This talk was given by people from headstart...
Guy Kawasaki may have different thoughts on this topic though ....
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