Launchbox Gets The Heave-Ho At NY Tech Meetup
LaunchBox, the startup incubator with an all-star list of advisors/founders, got the nerd equivalent of a gong at the NY Tech Meetup Tuesday night. Moderator Scott Heiferman handled it about as politely as one can, but nevertheless stopped co-founder Sean Greene mid-pitch and downgraded him from a standard 5-minute pitch to a quick "announcement."
LaunchBox, recall, is an East Coast incubator in the Y Combinator vein: It hands out seed capital and advice to entrepreneurs in exchange for a 4% to 8% equity stake. Part of the pitch is entrepreneurs get access to advisers like Michael Powell (former FCC chair), Jon Miller (ex-AOL chief) and Ross Levinsohn (former Fox Interactive president). Presumably more than a few folks attending a NY Tech Meetup would want to avail themselves of such an opportunity.
So why did LaunchBox get the heave ho? Heiferman says he was acting on behalf of the crowd, who'd been promised some neat technology, not a business pitch. Future Meetup presenters: Consider yourself warned!
Earlier: Ex-AOL CTO McKinley and Partners Start VC/Incubator
LaunchBox, recall, is an East Coast incubator in the Y Combinator vein: It hands out seed capital and advice to entrepreneurs in exchange for a 4% to 8% equity stake. Part of the pitch is entrepreneurs get access to advisers like Michael Powell (former FCC chair), Jon Miller (ex-AOL chief) and Ross Levinsohn (former Fox Interactive president). Presumably more than a few folks attending a NY Tech Meetup would want to avail themselves of such an opportunity.
So why did LaunchBox get the heave ho? Heiferman says he was acting on behalf of the crowd, who'd been promised some neat technology, not a business pitch. Future Meetup presenters: Consider yourself warned!
Earlier: Ex-AOL CTO McKinley and Partners Start VC/Incubator
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I have no problem with Launchbox launching at the NY Tech Meetup. But if Scott did not want him to present why did he allow him on the stage in the first place?
The biggest distraction to date has been Meetup's lack of screening presenters. I am not sure how the process exactly works, but I would guess that for an important forum they would want to find out who is presenting before they take the stage.
I think it was unfair, though, because you could never expect Launch Box Digital to have a tech demo... so why let them present in the first place? What more (and you point this out), the audience was really perfect for this. So many people could benefit from this program. BricaBox is too late-stage, but there were dozens of folks looking for this information last night.