11 December 2008

Apprentice Products Pitches Guitar Trainer to VC's

Apprentice Products. The name 4 HMC students gave the mock company they created for Professor Evans' "Enterprise and the Entreprenuer" class. Their flagship product: Guitar Trainer. A week and a half ago four of us sat across a table from three venture capitalists, all of whom have been successful enough in the startup world to fund startups themselves. Chris Seib, Marco Thompson, and Eric Johnson took the time out of their busy schedules to drive/fly to Mudd (yes, Eric flew himself and Marco in in from San Diego in his Piper Saratoga II, tail no. N392HP. No, I didn't fly back with them) and listen to a bunch of students organized into made-up companies ask them for $2-5 Million in funding.

The whole class was fascinating -- Professor Evans has helped many student-born companies get off the ground (some succeed, others...he calls them "smoking black holes") and he told us the stories of several of them, including why they failed or some of they things they did correctly that contributed to their successes.  He lectured on the different facets involved in building a startup company and the importance of paying attention to them all.  The pitch to the VC's was the final project and really the thing the class had been building to the entire time.  The VC's listened to our pitches and gave really great feedback -- they do this sort of thing for a living, so they're rather adept at it.  After class we went out to dinner at a fancy restaurant with Chris (an HMC alumnus, actually) and had a wonderful meal while chatting with him.  All in all, a really cool experience unlike anything I think I would have gotten anywhere else.

~KMarsh

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