Happy Halloween, Pirates and 3 Day Startup
Oct 31 2010

And now for a really quick post…Happy Halloween!  My kids dressed up as Super Girl and something called a Metal Skull Rider and went trick or treating with their dad.  I didn’t dress up, but at my son’s soccer game today I asked one of the mom’s to spray gold glitter in my hair so my daughter would try having some in her hair.

This weekend I showed up to help advise companies that are part of a program called 3 Day Startup hosted by the Austin Technology Incubator (where I work) and coordinated by our wireless/IT director, Bart Bohn.  Check out the ATI Blog for an update on the students that were involved and the companies that emerged from the weekend lock-in.  Three teams presented tonight to a panel of judgest so that’s where I spent my Halloween evening…with glittery hair.

Check out this post by Michael Arrington on TechCrunch to find out if you are a Pirate (a.k.a. entrepreneur in search of adventure because finding that pot of gold is rare).  He says, “Entrepreneurs, though, are all screwed up. They don’t need to be rewarded for risk, because they actually get utility out of risk itself. In other words, they like adventure. The payouts for starting a business are just terrible when you account for risk. A tiny minority of entrepreneurs ever get rich. And the majority of entrepreneurs would probably make far more money, and have more stable personal relationships, if they just worked for someone else.”

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3 Day Startup in Austin – April 2010
Apr 11 2010

This weekend the Austin Technology Incubator is hosting 3 Day Startup (3DS).  Bart Bohn, Wireless/IT Director, is the guy at ATI who facilitates and oversees this really cool event.  3DS is where 40+ University of Texas at Austin students from all different colleges get locked in to ATI and have to come up with a business.  They work hard to flesh out ideas, build pitches, create prototypes, and sell their ideas.  I dropped by yesterday (Saturday) late afternoon and stayed through evening to see what companies were forming and to ask questions and give them some advice.  It’s great to feel the energy in the building as these budding and wannabe entrepreneurs use their creative juices to come up with what could be viable business opportunities.  Some were interesting and others were well let’s just say a bit off the mark.

Tonight (Sunday) they presented their ideas in front of a panel of investors and entrepreneurs to get additional feedback.  I was really impressed with the progress some of these teams made in their presentations from last night to tonight.  Some of them were awake for close to 60 hours!  I was never one for all nighters.  In fact, I only pulled an all nighter once in my entire undergrad and grad years and it wasn’t even for a class.  It was for some dumb consulting challenge in graduate school where about 1/3 of the night I was laying on the sofa exhausted and annoyed that we were working on something that seemed futile.  I always figured that if by 2 or 3 a.m., I didn’t know the material, I wasn’t going to know it, and I just hoped that the answers would come to me when test time rolled around.  Fortunately, enough them usually did because I wasn’t a crammer and usually paced my studying.

For a more official post on 3DS, check out the ATI blog post at ATI Hosts Spring 3 Day Startup 2010 for Student Entrepreneurs.

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