Demo Day

also referred to as: demo days

16 statements across 7 episodes · 4 bullish · 4 bearish · 7 people on the record · first statement Mar 5, 2015 by Nektarios Liolios · said 7 times in 2 episodes since 2020 · across every show →

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brought up most by Tom Blomfield (6), David Hsu (1)

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Everything said about Demo Day, oldest first

Mar 5, 2015
Assertion Not publicly verifiable
Startupbootcamp FinTech replaced main-stage Demo Day pitches with rotation mini-stages
“So we actually didn't have the startups pitch on stage. We had for each startup a mini stage where they had to pitch five times consecutively and investors in the room had to pick five out of the 10 startups that they really wanted to talk to.”
Nektarios Liolios Mar 5, 2015 ▶ 5:36 20 VC 017: Nektarios Liolios of Startupbootcamp on Fintech, Pitching and London's Tech Scene
Sep 14, 2015 negative
Opinion
Accelerator demo days are a terrible way to evaluate startup founders
“I personally, I don't go to demo days. I'm just kind of, I'm, you know, I'm kind of burnt out by them. I think it's a, it's actually it's kind of a shitty way to get to know a founder, you know, is to listen to them pitch on a stage amongst hundreds of other f…”
Nicholas Chirls Sep 14, 2015 ▶ 18:20 20 VC 071: Pre-Seed Investing, Why Now Is The Best Time with Nicholas Chirls @ Notation Capital
Sep 25, 2015 neutral
Assertion Supported
Entrepreneur First starts pitch prep just one week before Demo Day
“We only start a week before our demo day at Entrepreneur First actually helping them get the pitches together.”
Alice Bentinck Sep 25, 2015 ▶ 15:27 FF 014: Making Great Founders, Idea Creation and The First 100 Days Of A Startup with Alice Bentinck, Co-Founder @ Entrepreneur First
Nov 4, 2015 negative
Opinion
Suster: Founders should avoid demo days and batch fundraising hype
“Like, you've got one company, and there's no divorce clause from investors, so I really think entrepreneurs need to take the time to get to know their investors, which is why I'm not a big proponent of demo days, or overhyping your company, or Waiting to meet …”
Mark Suster Nov 4, 2015 ▶ 16:16 20 VC 085: Mark Suster @ Upfront Ventures on Being A Super Entrepreneur Driven VC
Dec 7, 2015 positive
Insight
Maqubela: VC deal flow relies on investor coopetition at Demo Days
“VCs get great deal flow from each other. They learn to trust each other. This is a, an industry that I, you know, to coin a term from a friend of mine is, is, is, driven by coopetition, and so we're cooperating constantly while we compete, and that means that …”
Kanyi Maqubela Dec 7, 2015 ▶ 21:08 20 VC 094: Kanyi Maqubela @ Collaborative Fund on Rocketships, Feedback Loops and Turning Lemons Into Lemonade!
Dec 7, 2015 negative
Opinion
Maqubela: Accelerator demo days are too late for first institutional rounds
“For our style and stage, so we like to be early, and we tend to be in a first institutional round, or even earlier than that, into a company. When we're meeting them, if we're meeting them for the first time at most of the demo days that one would go to, we're…”
Kanyi Maqubela Dec 7, 2015 ▶ 20:06 20 VC 094: Kanyi Maqubela @ Collaborative Fund on Rocketships, Feedback Loops and Turning Lemons Into Lemonade!
Mar 29, 2017 positive
Assertion Supported
Friedman: Investing Randomly at YC Demo Day Yields Positive Returns
“We have enough data now from Y Combinator over, over the last 11 years to know that if you simply invested randomly in Demo Day companies, You would actually make money over time.”
Jared Friedman Mar 29, 2017 ▶ 6:19 20VC: How Investors Can Get Into The Best Y Combinator Startups & How YC Startups Should Choose The Right Investors with Jared Friedman, Partner @ YC
Mar 29, 2017 positive
Assertion Not checkable as stated
Friedman: 98% of YC Startups Are Still Fundraising at Demo Day
“Today, a hundred companies will present at demo day, and probably only two or three of them will be done fundraising before. So, 98% of them are still fundraising at demo day and are open to investment for many qualified investors.”
Jared Friedman Mar 29, 2017 ▶ 7:02 20VC: How Investors Can Get Into The Best Y Combinator Startups & How YC Startups Should Choose The Right Investors with Jared Friedman, Partner @ YC
Mar 29, 2017
Insight
Friedman: Traditional Weeks-Long Due Diligence Fails at YC Demo Day
“There are many investors who are used to taking their time with due diligence, which might be fine in other circumstances, but it simply doesn't work at demo day because there's so much activity happening. So you just can't take a couple of weeks to think over…”
Jared Friedman Mar 29, 2017 ▶ 9:52 20VC: How Investors Can Get Into The Best Y Combinator Startups & How YC Startups Should Choose The Right Investors with Jared Friedman, Partner @ YC
Mar 29, 2017
Assertion Not checkable as stated
Friedman: YC Demo Day Has 500 Seats for 5,000 Interested Investors
“We only have about 500 physical seats in the auditorium, and we have demand for 10 times that many.”
Jared Friedman Mar 29, 2017 ▶ 8:27 20VC: How Investors Can Get Into The Best Y Combinator Startups & How YC Startups Should Choose The Right Investors with Jared Friedman, Partner @ YC
Mar 29, 2017 neutral
Assertion Not checkable as stated
Friedman: Startups Raising Before Demo Day Perform No Better on Average
“In fact, the two or three companies that might have... Finish fundraising before demo day are no better on average than the other companies. It's really quite random which ones choose to fundraise earlier.”
Jared Friedman Mar 29, 2017 ▶ 7:37 20VC: How Investors Can Get Into The Best Y Combinator Startups & How YC Startups Should Choose The Right Investors with Jared Friedman, Partner @ YC
Mar 29, 2017 positive
Assertion Partly supported
Friedman: Almost All YC Demo Day Presenters Raise Follow-On Funding
“In terms of the actual funding results, they're very positive. Almost all the companies you present at Demo Day do raise follow-on funding”
Jared Friedman Mar 29, 2017 ▶ 13:40 20VC: How Investors Can Get Into The Best Y Combinator Startups & How YC Startups Should Choose The Right Investors with Jared Friedman, Partner @ YC
Mar 29, 2017
Insight
Friedman: Monday Partner Meetings Cause VCs to Lose YC Deals
“That doesn't work great for demo day because demo day is traditionally on Monday and Tuesday, which means investors are making decisions Wednesday, Thursday, Friday. So if you're a VC and you can't make a decision until the following Monday, there's a decent c…”
Jared Friedman Mar 29, 2017 ▶ 10:33 20VC: How Investors Can Get Into The Best Y Combinator Startups & How YC Startups Should Choose The Right Investors with Jared Friedman, Partner @ YC
May 13, 2024
Disclosure
Blomfield: Top YC startups always raise pre-Demo Day, prompting new deadline rules
“The trope was always, oh, everyone raises before demo day, which is true, like the best companies absolutely always raise before demo day, and so now we've just set a deadline, like two weeks before demo day, and said, you may start fundraising on that day, tw…”
Tom Blomfield May 13, 2024 ▶ 33:00 Tom Blomfield: Do the Best All Raise Pre-Demo Day & YC's Fundraising Advice to Startups | E 1152 · 20VC with Harry Stebbings
May 13, 2024 neutral
Assertion Not checkable as stated
Tom Blomfield: Most YC startups are pre-product-market fit at Demo Day
“Because most of our companies at Demo Day are pre-product market fit.”
Tom Blomfield May 13, 2024 ▶ 37:35 Tom Blomfield: Do the Best All Raise Pre-Demo Day & YC's Fundraising Advice to Startups | E 1152 · 20VC with Harry Stebbings
May 13, 2024 negative
Insight
Blomfield: Preemptive VC offers yield lower valuations than Demo Day auctions
“They give you a preemptive offer. But the valuation is not as good as you would get by demo day, because that's why they're doing this, right?”
Tom Blomfield May 13, 2024 ▶ 33:36 Tom Blomfield: Do the Best All Raise Pre-Demo Day & YC's Fundraising Advice to Startups | E 1152 · 20VC with Harry Stebbings
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