Many years ago, I began researching about capital fundraising, Angel investing, and bootstrapping. I had several stereotypes in my head. Mainly, I thought Angel Investors were, Angelic …
And from what I read briefly about Venture Capitalists, this was my image:
And I confused a Bootstrapper with
Like I said, this was many years ago.
Now I know better. And last night, at the MassChallenge Texas meeting, I learned about what avenues to pursue after graduating from an accelerator bootcamp, including bootstrapping, venture capital, and other options.
It was a great discussion, and the panelists were very open and honest about what it took for each of them to succeed in their specific industry.
Once things wrapped up, I spoke briefly with the Venture Capital panelist. I did my best 30 second elevator pitch. She was nice and seemed interested in my idea.
When I left, I recalled my first encounter with a Venture Capitalist some time ago.
Here’s a photo and GIF representation of what happened:
This experience is what I would call a “Fast Fail”.
No, I didn’t meet a similar fate of Paul Allen’s character from American Psycho. That horrible first encounter with a VC was actually a blessing in disguise. I decided that I wouldn’t be so unprepared the next time I attended a networking event. I did flub many times in other meetings, but eventually, I got to the point where I could relax and enjoy my surroundings.
Hope you enjoyed my awkward, wistful memories. Let me know what you think!
My idea for a SXSW Presentation was entered into the final round! From now until August 23, anyone can visit the SXSW site and vote for a presentation you think would benefit the attendees of the next event, taking place March 2020 (hopefully mine).
My presentation, “Curative Fintech: A Crypto Medical Savings System” is the story of my journey into medical debt. I was able to move past debt by creating a unique method that reduces healthcare expenses. My revised system now includes a blockchain and cryptocurrency component.
To find my presentation, click here to visit the Panel Picker page, and in the Search field, enter “Curative”. You will see “Curative Fintech”. Click that link for the description and my Slideshare presentation. You don’t need a SXSW account in order to view it, but you will need one to vote.
I would love to represent the special needs community and those affected by medical debt. Help me achieve that goal by your vote!
If you want more details on my idea, or if you would like to receive the presentation via email, feel free to reply to CurativeFinance@gmail.com.
Here’s what is happening so far with Curative Fintech, nicknamed CF. I’m not giving away too much info here. If you’re interested in knowing the details of CF, please contact me at CurativeFinance@gmail.com.
Wrote an outline of how fringe benefit accounts can be incorporated into the blockchain
Brainstormed about how to create a cryptocurrency for a specific population
Networked with and studied blockchain/crypto firms to see how my idea would work
Last week, I attended a Meetup here in Austin about the convergence of blockchain and the CBD/Hemp Industry.
Quick note: there is a difference between CBD and marijuana. There is a difference between hemp and marijuana. Do your own research to understand the difference.
Presenter Mark Morris, creator and CEO of Hempchain™ technology, discussed some of the incredible opportunities and roadblocks the industry faces. Infrastructure and a reliable supply chain aren’t available now in the United States. Mark hopes that using his blockchain technology, Hempchain™, it may solve some logistics problems (that’s what I surmised from this meetup).
According to a Texas Department of Agriculture website, the application process to grow hemp (not marijuana) will start sometime in 2020. One of my relatives owns acreage in South Texas that isn’t producing a lot of revenue. Perhaps I can convince them of a new crop to grow there. 😉
In the meantime, I will continue research into the hemp industry and blockchain. I’ll keep y’all updated.
I visited the Austin office of Newchip this afternoon. Every Tuesday in July, the office will have a free co-working event, and so I decided to stop by and say hello.
Newchip, according to their page, is about focusing on product development, as well as ” … fundraising, negotiating, partnerships, and scaling revenue …”. I’ve done a bit of research on firms such as Newchip, and it is one of the few I’ve found that has such an extensive accelerator program for startups, and the only one I’ve found so far in Austin.
This appears to be a great place for startups that are just beginning their venture. There is a general work space open regular business hours Monday through Friday. There are also dedicated desks and small offices that are open extended hours.
Kim, the receptionist, was kind enough to offer me a quick tour of the place. I liked that it was a “lean” working environment without it feeling spartan.
Next week, I have a short telephone meeting with a Newchip representative. We’ll go over the various accelerator programs they provide and see if my company is a good fit. I’ll keep you updated!