Skip directly to content

Blog

Pitch Less Technology, More Business

on Tue, 2012-02-07 14:17

I heard four early stage life sciences entrepreneurs give their (nominally) ten minute investor pitch this morning. Some appeared to have very little data to back up their value proposition, some had a lot.

Each tried to explain the underlying science of their invention and each lost at least part of the audience in the process.

Hint: Talking Faster to Squeeze in More Facts Does NOT Make Your Pitch Easier to Understand!!!!

Don't get me wrong: I know that without a technology, you don't have a high tech business.

But here's the problem: if you spend 6 minutes of a 10 minute pitch talking

"Perfectionist Entrepreneur" is an Oxymoron

on Tue, 2012-01-31 16:12

I am a perfectionist. When I get a vision for something, I want to achieve that vision in all its glory, whether I'm creating a garden, a dinner or a company.

The result is that I ignore my garden when it gets too weedy, put off having people over for dinner, and drag my feet on launching my business, respectively. By insisting on perfection, I not only don't achieve perfection, I don't achieve any part of my goals.

You would think I would know better by now! After all, I have coached hundreds of entrepreneurs on this very issue: I tell them "Get your early revenue with a simple product.

REfficient: Sustainable Model for a Sustainable Marketplace

on Tue, 2011-06-07 09:12

I usually coach high tech companies with patented (or at least patent pending) technologies. Patents make for such a nice, clean way of protecting sustainable value in a company. But they're not appropriate in every situation, particularly among online businesses. So how do you stay ahead of the competition when you've got no legal - and relatively few financial - barriers to entry? Espeecially if you're an online-based service business doing something that it seems like a ton of people are doing already?

Nothing Succeeds Like Success

Stephanie McLarty runs REfficient, one of the 14

CarbonCure: Killing Two Birds with One Concrete Block

on Mon, 2011-06-06 19:06

Concrete contributes fully 5% of annual carbon dioxide emissions globally when one of its primary constituents, cement, is produced. It's a problem that won't go away any time soon: cement and concrete are affordable, strong and practical building materials. The good news is that they represent a great opportunity for reducing CO2 emissions through innovation.

Sequestering Carbon Dioxide and Making Better Concrete

CarbonCure Technologies, one of 14 Canadian companies that I have coached on their pitches for June 15 at the TechConnect World Expo, has developed just such an innovation:

BDR Technologies: Beating the Biodiesel Catch-22

on Mon, 2011-06-06 18:25

The idea that you could grow your own gasoline (sort of) is just so appealing - freedom from foreign oil, freedom from releasing long-buried carbon into the atmosphere, maybe even remediating or reclaiming some damaged land. What could be greener?

Reality is not so easy of course: between competition with food, the energy costs associated with growing, harvesting, transporting and processing the feedstock, and the equipment and operations costs for making biofuels, it's still (mostly) gasoline-from-drilled-oil that we buy at the pump.

Hydrostor: Grid Scale Energy Storage

on Mon, 2011-06-06 15:25

Almost no aspect of energy use is untouched by the issue of energy storage. We're most accustomed to dealing with it in our daily lives: at what inconvenient moment is our cell phone or laptop battery going to fail us? But far more important from a clean energy perspective is grid scale storage. Wind and solar farms need cost effective storage to smooth out the inherent ups and downs of energy production from the weather. Utilities can put off building new power plants longer if low cost, convenient storage is available to allow them to manage supply and demand more effectively.

The diagram to

Are Business Plan Competitions Worth Entering? Part 4: Don't Despair... and Don't Get Cocky!

on Wed, 2011-04-20 19:23

This post is the final entry in a four-part series on the value of business plan competitions to startups and entrepreneurs. The previous posts dealt with the Pros & Cons of entering, 6 Questions to Ask Yourself while making the decision, and how to Learn from the Competitions themselves. In this post, I'm going to encourage you to take the results of being in a competition with a grain of salt. Don't Despair... and Don't Get Cocky

Are Business Plan Competitions Worth Entering? Part 3: Learn from the Competitions

on Wed, 2011-04-13 08:39

This is the third in a four-part series on getting the most out of competing in a business plan competition... or deciding not to enter in the first place. The first two entries were on the Pros and Cons of entering and the second described 6 Questions to Ask Yourself before entering. This introspection was inspired by a conversation with Babson College president, Len Schlesinger during a free ranging discussion about innovation in learning and fueled by my own extensive history in business plan competitions, including having co-founded and chaired one (Ignite Clean Energy), helped it merge

Are Business Plan Competitions Worth Entering? Part 2: 6 Questions to Ask Yourself

on Wed, 2011-04-06 15:37

This is the second in an, oh, let's call it four-part series of blog posts about deciding whether entering a business plan competition is a good idea for you and your company (I'm not sure how many posts there will be because every time I sit down to write, I wind up writing more than I anticipated. Those of you who receive emails from me on a regular basis will be familiar with this phenomenon!).

I was inspired to write this series by a conversation with Len Schlesinger, president of Babson College, successful businessman, accomplished academic and innovative administrator. His questions to me about the value of business plan competitions for competitors and the community were thoughtful and thought-provoking. Given that I've co-founded and chaired one (Ignite Clean Energy), helped it merge with another (Cleantech Open), been a judge in a few (MIT Clean Energy Prize, ICE, CTO) and a competitor in one (MassChallenge), I have an unusually broad perspective on the issue.

Are Business Plan Competitions Worth Entering? Part 1: Pros & Cons

on Wed, 2011-03-30 12:44

Let me start this out by saying that I am a fan of business plan competitions: I've co-founded and chaired one (Ignite Clean Energy), helped it merge with another (Cleantech Open), been a judge in a few (MIT Clean Energy Prize, ICE, CTO) and a competitor in one (MassChallenge). After a couple years hiatus (a long story), I am now back to recruiting actively for the Cleantech Open Northeast and unofficially for MassChallenge.

We started the ICE Competition (brainchild of my friend and mentor, Jim Walker) in 2004 because we wanted to get people excited about starting clean energy companies (hence "ignite clean energy"). That's why most competitions start: everyone loves a competition, so they're a great way to bring attention to a skill set (innovation and entrepreneurship), a market sector (clean energy, life sciences), a university or other organization, or even the individuals who start them. And of course the winners tend to receive a lot of press and other attention, often from investors.

Pages