Challenges and opportunities of
technology in society
Next event: LIFT Asia, 4-5 September 2008
What venture night winners get
It is hard to pass all the information to you guys with all the things happening at the same time, so sometimes we forget to tell you a few stories, like the fact we will be printing EIGHT editions of a magazine live during the conference, or why our venture night works the way it works. Shafqat just made me realized I hadn't explained everything during a conversation on techcrunch.uk. Here is my comment:
In response to "I can only say that most of the proposals won’t be let into the room since only 6 of the 45 ventures will be selected."
"Regarding the number of startups presenting, I made this choice because I believe that having less startups put in a better position makes more sense than 30 startups with 3 minutes and everybody bored and not paying attention in the room.
So it’s gonna be 6 ventures, but they will have a real opportunity to make a difference: 10 minutes on stage (5 speaking, 5 discussing with the panel), 1 minute on national television for a pitch, an afternoon with coaches and the likes of Ouriel Ohayon or Pierre Chappaz to prepare the best possible pitch, an invitation to the speakers + team diner, and a ticket for the conference.
At LIFT we don’t do thing if we can’t do them well. I prefer to give 6 startups a real chance to meet big guys, get in the media, and showcase their stuff rather than compressing 30 pitches in 2 hours.
So now you know, and you can tell me if you agree or not.
- Laurent Haug's blog
- Login or register to post comments
- Printer friendly version
Comments
I think your explanation
I think your explanation hits the nail on the head, especially the last paragraph: "we don't do things if we can't do them well." Given all the additional benefits that the 6 ventures get (apart from the chance to pitch), your logic for limiting to 6 makes sense. Regardless of who gets chosen, I think it'll be a great experience for those who present but also everyone else who can still come to participate that night.