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Here are some exciting news from our head quarter in Garching (near the “Atomei” – the nuclear power plant of the Technical University of Munich that looks like a egg):
- We lost our business angels: they demanded 50% of the company, we offered much less. The insight from this eposide: always speak to multiple investors at the same time. Now we apply for different governmental support programs and further competitions.
- That’s why we spend for example the whole Monday until Midnight to update our business plan for the Gründerwettbewerb “(founder competition”) of the Wirtschaftsministerium (“ministry of economics”) and for the competition of the magazine “Wirtschaftswoche”. Wish us luck!
- Our team (see about us) gets bigger: Matthias, he studies media business in Mainz, joins our company as a trainee; André, a computer science student from Aachen, speaker colleague from the BASTA! conference and author for CREATE OR DIE, works for us as a freelancer (for Silverlight development) and will join us in october for a trainee semester; finally, a well experienced marketeer helps us two days a week with our marketing.
- The UnternehmerTUM provided us four additional monitors! Yeah! So we can use the monitors of our notebooks in addition to the big ones what makes development and design much more fun! A big thanks to Sebastian from the UnternehmerTUM!
Now, we have full house in our office room: there are only three desks, but six people, six notebooks and five monitors. What a fun!
Have a good time, too!
Nice post by Jeremiah about how to fail the right way:
The trick is to quickly make mistakes and then rapidly fix them and move on. So my friends, fail fast.
Of course, you must read the whole article: Fail Fast!
PS: One commentor mentioned that David Kelley from IDEO proposed:
Fail often to succeed sooner.
I strongly agree with that and I only can recommend to read his books!
PPS: We failed in convincing our business angels that we are worth more than they are willing to give – but we we will fix this problem soon and continue to succeed :-)
Yesterday, we had a meeting with our business angels. They liked our demo! I hope they like our business plan, too. In March we will know more …
Have a good time!
We have a meeting next Thursday with our business angels, so we are preparing our demo and a short PowerPoint presentation with a few charts of our business model, market, organization etc. In addition, we have to complete our financial plan. It’s workend.
Nevertheless, have a good time!
The Startup-Day is an exciting event at the webinale conference ’08 in Germany, Karlsruhe:
The webinale is the holistic web conference in Germany: it covers business and technology. For example there is one special day called the Startup-Day for internet startups.
The Magnificent Seven will talk about
- how to manage a web 2.0 startup
- how to get money from investors
- how to convince the High-Tech Gründerfonds
- how to avoid common pitfalls
- how to scale a startup team
- how to build social prototypes
- how to become a cybernetic entrepreneur
My job is one of a nanny: I’ll care about the founders and the investors. Yup, you are also invited, dear business angels and venture capitalists! So take chance and contact me. And have a good time!
