Andrew Hyde talked next, about Startup Weekend. This was an event in Boulder on July 6-8, where folks came together to build an entire startup. 68 folks attended. They created a full on S-corp, revised ideas from 50 to 10 to 3, and decided upon some kind of survey tool. The product did not quite launch. They had no business plan, but did write an executive summary. Andrew plans to expand this to other cities (London, etc). There will be another one in Boulder in 6 months.
Several folks asked what the benefit was in signing up for this, especially as the product did not launch. Andrew stated that the main goal of Startup Weekend was to meet other folks “that can kick ass” and to grow your network.
I don’t doubt it was a pressure cooker environment that smoked out some quality people, but I’m not quite convinced that a weekend with no firm monetary goals at the end is the best way to find folks who can succeed. I don’t know, I’ll have to keep my eye on it, and perhaps give it a go in December.