Demo All Done
After five months here at AlphaLab, Demo Day has come and gone. It was a great opportunity to talk about Skill-Life in front of a receptive audience of investors and potenatial partners. The last few days of preparation have been intense but I’m happy with how things turned out. A few nibbles here and there — good places to start as we continue our current investment round.
The demo portion went well and the problem of financial literacy is obvious — an easy sale. I’m not certain that I spent enough time on the central question “how we make money.” The challenge is having a company with a social mission and the intention of seeking foundation funding early on. That inevitably comes across as something not terribly attractive to VC’s, and potentially, to angel investors as well.
The key, I think, is for us to embrace the mission-driven nature of Skill-Life while also making clear our plan for eventually reaching a consumer market. As of today, we’ve got a good demo, a solid pitch, and a workable plan for getting to the next level.
November 10th, 2008 at 11:40 am
[...] is already proving its worth, serving as a demo platform for Skill-Life founder Felix Lloyd’s presentation to potential partners and investors last [...]