Check back here at 4pm on Tuesday, May 13th to watch the LIVE stream of Demo Day.
For most people 4:30 on a Friday afternoon means that in 30 minutes they’re free from the constrains of their office for 2 days. They can spend the weekend at the cottage, or have a picnic in the park, hit the slopes for a day of skiing or relax in bed with breakfast and the newspaper.
The FounderFuel teams normally work at least 1 weekend day, making sure to take a day off here or there to regain their sanity. But not this weekend. There are 4 days left until Demo Day and it’s officially CRUNCH time. The teams will be working through the weekend, probably getting very little sleep so that come Tuesday their pitches will be perfect, their products will have significant traction and their bugs are fixed.
So to the teams we’ll say PTTM (Pedal To The Metal) and to everyone else, have a relaxing weekend!
Today is Day 2 of a 6 day pitching workshop for the companies.
Over the next few days the teams will spend one-on-one time with the Ian Jeffrey and John Stokes to practice their pitches over and over until they’re spot on! We have just 8 days until Demo Day so it’s crucial that their pitches get boot-camped to perfection very quickly.
As usual, plenty of tough love was dished out. It sounds harsh but it’s just what’s needed for the teams to get to where they need to be.
Here are some of the best ones:
“That’s it?….This leaves me with the impression that you’ve done nothing.”
“You don’t know whether what you’ve done will be good or bad yet, do you?”
“Where’s the community you claim to be building? I can’t find it anywhere. There’s no community here, there’s just one guy who posts a lot.”
“You’re trying to paint a picture of progress and instil a sense of trust, but I don’t think you’ve shown any progress. Since day 1.”
“I need to know what winning looks like for you, I need to know that you can win, because right now I’m not sure you can.”
Vanhawks launched the Kickstarter campaign for their Vanhawks Valour bike last Thursday at 1pm EST. In less than 36 hours they managed to hit 100% of their goal and this afternoon they surpassed 200% of their goal! We’re excited the Kickstarter exploded, especially this quick!
Because the campaign has been moving so quickly they’ve opened up some stretch goals if higher targets are met.
250K – New rim colours
400K – Disc brakes
750K – Carbon belt drive
We’re so proud to have this company as part of our Spring 2014 cohort and can’t wait until Demo Day when they can show the world what’s coming next!
Have you pledged to the Vanhawks Valour campaign yet? If not, head over to their Kickstarter page ASAP!
While the ages of the Founders & Co-founders in the Spring 2014 range from barely 20 to almost 40, the majority are on the younger side. What exactly is it like to a be a young entrepreneur, especially in the Canadian tech landscape? There can be huge rewards but there are also huge risks involved. It can be difficult at a young age to be taken seriously and that means that it can be hard to secure funding, hire top talent, sell product, etc.
There’s a great Techvibes piece written by Qasim Mohammad about what his experience was like when he took the plunge towards building his own business at a young age. In it, he lists out 5 things that will help you succeed as a young entrepreneur.
1 – Question your motives
2 – Have a mentor
3 – Learn from your difficult experiences
4 – Know where to go for help
5 – Be persistent
Have other tips that would be useful for young entrepreneurs? Leave them in the comments section.
There are 67 days left until Demo Day. That means 1608 hours, 96,480 minutes or 57,788,800 seconds.
After doing that math, we were shocked that there were less than 2000 hours left for the teams to crank out code, push product and get traction before the big day. We got to thinking, if that number made us stress, how it would make the teams feel…To begin the conversation we asked the teams how many hours they each work on average a week, then followed that up with the real numbers to get their thoughts on their looming deadline.
How many hours a week do you work?
“Well let’s see, we work 8am to 10pm, 6 days a week so I’d say between 80 and 90 hours?”
“Easily 100. I work 14 hour days, 7 days a week.”
“Let’s just say I’ve closed Notman House every night this week. At 2am. I’ve also opened it every day this week. At 8am”
“How many hours are there in a week? That’s how many I work.”
So how does it make you feel that there are about 1600 hours left before Demo Day?
“Off the record? Can I swear in the blog?”
“Excuse me while I go cry in the corner.”
“I need to stop wasting hours on sleep!”
“I think I need to go change my pants…”
“Excited! I can’t wait to see how our company evolves”
And now there’s only 1607 hours left…
Think your team has what it takes?Apply