We’ve bred “serial pitchers” who hit every contest in the Southeast circuit from Nashville to Atlanta. They’ve honed their presentations to a high level, sound like the next big thing – and usually come away with some cash. But beyond a well-rehearsed pitch, they’ve got a weak product – one whose weaknesses are not readily exposed in a five-minute demo presentation.
The crash course in coding is pretty cool. We saw the “graduation” of more than two dozen old and young coders a few months ago. Watching the presentations we found it almost impossible to believe the zero-to-hero transformation these folks had achieved. Sally Kingston and her gang here in Charleston deserve a lot of credit – or a beer if you run into them out on the town.
As a profession, we must continue to educate existing and future entrepreneurs to our function and value – especially in the startup phase of a business. We cannot wait until businesses are established before we approach them as potential partners. DIG SOUTH, The Harbor, The Charleston Digital Corridor and others in the region have stepped forward to help young businesses develop. We must act as fellow venture capitalists ourselves, assume some risk and help propel our budding clients’ businesses forward.