Posts Tagged “Investing”

Feb 03 2010

REAL Giving Back to the Community

Posted by in development, hi-tech, israel, social media, start-up

We hear a lot about business “giving back to the community,” but everyone knows it’s BS. There are no free lunches, and everything has strings attached. It’s always all about the money. Everyone knows it.

But maybe what everyone knows isn’t always right. It certainly wasn’t at the “startup roundtable” meeting I went to, hosted by Israeli investment adviser and social media expert Sharon Weshler. Sharon and his buddy Aviad of the Termiks startup investment center ran a “roundtable” for fledgling Israeli startups, where entrepreneurs with great ideas could get some help in getting their idea ready for presentation to investors.

round

The ideas were really creative, ranging from a system to improve management of nursing homes to a home entertainment gadget, and a better way to grow food! Presenters gave the group their core idea and “elevator pitch,” and attendees could comment, question, or give constructive criticism on ideas and presentations.

The startup roundtable idea isn’t a new one, and I’ve been to a number myself. But most of them are sponsored by advisors for their clients, prepping them for presentations to investors. In other words, the sponsors of the roundtable have a financial interest in ensuring that their candidates present well, so they can bring in the bucks

Not so at Sharon and Aviad’s roundtable – from what I could tell, there was no financial or contractual relationship between the presenters and the sponsors. That said, I’m sure Sharon and Aviad would be happy to find a company to work with, but you have to figure there are better ways to track down companies interesting enough to invest in without spending upwards of four hours listening to ideas that they had no idea in advance would be worth listening to! That is what I call really giving back to the community!