This semester I have the opportunity to work with the guys at Venture Lab to mentor the Georgia Tech Startup Competition. I’m super excited about the competition.
This is not a business plan competition. Back in 2008 and 2009, my startup won several business plan competitions (KSU Georgia Bowl, Georgia Tech BPC, GRA/TAG Business Launch). The work we did to win those really was detached from the work we did to actually build our business.
The Startup Competition is a customer development and business model competition. The stated goal is to launch real startups, not create a fictional business plan.
From what I understand, there is a tremendous number of teams involved in the competition. I look forward to mentoring some of these young companies and watching their progress. There is a great energy in the competition with weekly checkpoints with Venture Lab and real incentives to get out of the school and meet with prospects in their respective markets.
Having started our company as a Georgia Tech student without professor involvement, I am particularly interested to work with student-founded companies. What they lack in experience, they make up for in being malleable, energetic, and optimistic.
If you’re in Atlanta, mark you calendar to attend the competition. Dates are here.
What are your thoughts on promoting entrepreneurship among students?