For those of you who were either too busy, too apathetic, too hip, or too cheap to attend the Vator Splash LA event last week, I’ve graciously put together some of the evening’s highlights:
Neil Hanch, Partner, Rustic Canyon, talked about LA’s tech advantages in his “State of the Union” speech. He believes that LA is an “entrepreneurial powerhouse” with clear strategic advantages such as digital media, e-commerce, gaming, direct marketing & clean tech.
Matt Coffin, President & Founder of LowerMyBills.com, presented a keynote about “Lessons Learned as an Entrepreneur & Investor.”
Raising money = dating + delivering
Winning or Bankruptcy, the 10% Rule
3 R We Goods
Now & Not Now – the #1 opportunity
Where’s the Bathroom, I Mean What Business Are We In?
You Must Succeed Even in the Face of Reality
More than 1 Revenue Stream = Failed Model
If You Think It’s Not Working, It Isn’t And…
JP Morgan is Matt’s Hero – “How did I get rich? I sold too early.”
Scott Painter, Founder & CEO, TrueCar, gave a very honest and introspective keynote about the lessons he learned when his company went from profitable, to not profitable in 60 days (and how the last 6 months “sucked ass!”).
Pitches, Pitches and More Pitches
The pitch that really stood out for both entertainment value and “out-of-the-box” thinking was Blueseed, a proposed startup community of 1,000 entrepreneurs all living on a ship 12 miles off the San Francisco shoreline (international waters = no work visa needed).
I just hope they budgeted big bucks for insurance – - can you say “entrepreneur overboard!”