Is It Worth Attending the Launch Conference When Not Participating in the Contest?

After the event settled and the excitement subsided, it is fair to say that attending the Launch Conference, even if not participating in the contest, is absolutely worth it. As evidenced by Jason Calacanis, a seasoned business person, here are three compelling reasons to join in:

Startup Mentoring

Startup Mentoring: The Launch Conference offered more than just competition; it featured exclusive startup mentoring. Visiting 5-10 minutes with 3-4 venture capitalists (VCs) or mentors each day is incredibly valuable. Many of these mentors generously made themselves available beyond the scheduled times, enhancing the overall experience. For me, the startup mentoring was almost worth the entire admission price. The personalized advice and insights from experienced individuals in the field can significantly benefit any entrepreneur during their journey.

Networking

Networking: Beyond the formal competitions, the conference fostered an incredible network of individuals. For instance, Cabana, one of my close friends and significant figures in the startup community, showcased an outstanding performance and secured funding. This event did more than meet expectations; it allowed me to meet a wide array of new professional contacts. The community isn't limited to stereotypical images of San Francisco hipsters, but rather a global network of startup enthusiasts and professionals. While there's nothing wrong with the local hipster scene, the reality is often more diverse and enriching than one might anticipate.

Insight into Potential Investors

Learn Something about Potential Investors: Applicants can gain invaluable knowledge about potential investors beyond mere pitching and demonstrating their ideas. It is crucial to know more about the investors than they know about you. Since investors are more accessible through searches, you should have a comprehensive understanding of their preferences, interests, and areas of investment. For example, if you are developing an enterprise application, avoid pitching to users like Kevin Rose (even though he has a diverse portfolio), as he focuses more on products he can personally use and appreciate. On the other hand, when pitching to Dave McClure, ensure you convey a strong passion not just for your idea but also for design, as this aligns with his investment criteria.

Moreover, I had the opportunity to witness firsthand the efficacy of other prominent investors such as Mo Koyfman and Cyan Banister. Their presence and approach opened my eyes to new perspectives and strategies. This firsthand exposure is invaluable for refining your pitch and understanding what resonates with specific investors.

In summary, attending the Launch Conference is a valuable investment in your startup's future, whether or not you participate in the contest. The experiences, mentorship, and networking opportunities make it a productive and enriching two-day event.