Fundraising · Conferences

How productive is the Growth Capital Conference by gcc2000 for an early stage startup?

Ginger Zumaeta

December 11th, 2014

On a scale of 1 to 10, is this a must go to (10) or a dud, just trying to get more money from desperate startups?

Clynton Caines SharePoint Developer at Discover Technologies

December 13th, 2014

I've never been to this one and the cost doesn't appear to be too outrageous when compared to other similar conferences, but... Only you can provide a meaningful rating. What would it mean for you/your startup? You should never assume that just by showing up you will walk away with cash in hand. In cases where you have a chance to present, it's safe to assume that you're either the customer (because you paid) or the bait (if you get to attend for free).

My advice with any of these is to have specific goals and targets in mind and that you actively work towards them. Ex. greet 100 attendees and unboard 10 new customers, or meet 20 principles and setup follow-up meetings with 2, or connect with VC X in particular and start cultivating a relationship for a later funding round. If your goal is just to learn, consider the cost in terms of money, time and loss of progress on your current project.

Finally, once you've exhausted/maximized your opportunities, just go ahead and leave. Sometimes you could hang around to connect with that one target when the dust clears, but be aware that by then, they might just want to go home. If you've hit it off or they know you from a previous encounter, you may get a chance to hang out (esp if one of you is in from out of town). If you get that far, great - now work on building the relationship by getting to know them better, but keep your wits about you so you don't end up in a terrible situation...

Good luck!

Troy Gardner Chief Technology Officer, Chief Brewing Officer at Cloud9 Brewing Systems

December 16th, 2014

I went as a speaker, I'd give it a 4-7 depending.

If you don't have a deck, then it's higher to introduce you to the dog and pony show of pitchfests and get some feedback on it. If you don't have a revenue stream, don't expect mutch unless you can work the floor.

That said the process is dissapointing, you have a deck of like 12 slides which has about 1 page on your business in a bout a sentence.   the investors here want a black box with existing money in, more money out, 4x growth/returns on whatever they put in with no risk.