Sunday, June 22, 2008

The Leadership Program Workshop: School's Out!

Saturday was a day of learning. It was the last day that the Class of 2008 of The Leadership Program, a program I started two years ago. Click here to learn more about this program. The day started early (8AM) but it was a rich day providing hard skills to the young and very talented Senior Associates in the program.

Here's what the day looked like:

How do I start a company: An hour with NSR, co-founder of M-Cube and a new mobile mCommerce company

Financial Modeling: An hour learning about intricacies of the valuation, cap table, liquidation preferences, revenue build-ups, P&L, Balance Sheet and Cash Flow statements.

Entrepreneurial Leadership - Lessons from the trenches on building and leading an entrepreneurial team. Pravin Chaturvedi, serial biotech investor and phenomenal mentor talked about his experiences.

1 minute Elevator Pitch: 12 senior associates pitched a range of ideas. The winning pitch was Rajit Kamal about inexpensive overseas insurance.

Fundable Business Plans: Roger Walton of Castile Ventures gave good practical advice on what to do and not to do at the VC pitch.

Term Sheet Basics and Negotiating a deal: Three top lawyers took the senior associates through term sheet negotiations and preparing one's company to receive venture capital

Investor Pitches: 4 senior associates completed 10 minute pitches. Hooman Hodjat of iRelai won the first prize for the best pitch.

Vinit Nijhawan (Former Chairman of TiE Boston and Serial Entrepreneur), Al Kapoor (President of TiE Boston and Managing Partner of Millenium Ventures) and Pravin Chaturvedi (Serial Entrepreneur and President of Napo Pharmaceuticals) provided two hours of detailed individal feedback on all 1-minute pitches and presentations.

An extraordinary day !

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