More thoughts on how emerging companies can make best use of limited IT money.
The VC community wants to invest in companies which will take their cash and turn it around as quickly as possible in revenues and value. This means limited cash needs to be dedicated to activities that are actually producing product, getting product into the market, and the sales book to bank process.
The more overhead and expenses are eliminated from the process, then more cash available to revenue-producing activities.
There are several really good organizations around southern California supporting startups and entrepreneurs, including the Tech Coast Angels and Tech Coast Venture Network. One of the more endearing activities is the grand old tradition of "Fast Pitch Competition." The Fast Pitch Competition brings a large group of enthusiastic, energetic, and hopeful young entrepreneurs into the lion's den of venture capital and investment banking critics.
Here's how it works.
The Fast Pitch. 30 seconds to accomplish the following: