Tuvia Elbaum Profile picture
Jan 5 12 tweets 5 min read
1\ Since #CES is happening, and this year I'm not attending, time to tell the story of how I hacked CES a few years ago 😬

As an entrepreneur (and with recession and all), you have to know how to save every $

This is how I saved thousands of $$ and maximized my time @ CES...
2\ Some background first

Conferences have different business models, where a big part is selling stands \ booths

Stands usually come with a super expensive price tag

Even the cheapest ones

But that’s where conferences make their majority of income, and best way to meet people
3\ however, very rarely do vendors manage to sell out all stands / booths at conferences.

Now, another important piece of information - most usually if you pay for a stand - you get a few extra tickets for the conference to share.

--
That’s the background
--

Here’s what I did:
4\ At first, I got a ticket from a friend that had a booth - that got me in.

(If you gonna be scrappy, you have to have friends...

Also, if you don't have friends, contact a company exhibiting there (find them on social media) - ask for a meeting and ask for an entry ticket...)
5\ Once I got in, I took a long walk around the startup exhibition floor

As I said, 95% of conferences don't sell out on stands,
or also, not all exhibitors are there for all days...

So as I walked around, I looked for "open\empty" stands...

And then, I saw one
6\ I took a few rounds and asked around, and understood that it's empty.

I walked over, pulled out my phone & laptop, and started "working"

I also took out my prototypes, and casually placed it beside me...

This positioning was amazing - I was able to “blend in” or “blend out”
7\ As visitors strolled by, I glanced at their name tag

If it was someone I wasn't interested in talking to, I said hello nicely and apologized that it wasn't my stand and I was just working & charging my phone.

It was great - they'd laugh and weren't offended and moved on...
8\ If it was someone I was interested in talking to - I stepped up & introduced myself

The first reaction was that they'd look around the stand for some logo or even a name explaining who I was and what was I showcasing

But the was nothing of course, so I...
9\ I right away preempted the awkwardness, by saying something like - ”We went with a minimalistic approach - keeping the suspense to what we do” and then laugh

They'd show a smile, and I quickly added “it seems to be working”

By this point I got their attention
10\ 99% of the times they'd reply too with a laughter and then ask “so what do you do?”…

And there I had it - I got the people I was interested in talking to - interested in listening to what I have to say...

It was perfect

However...
11\ All good things come to an end, especially in a 4-5 day show like #CES or #CES2023

Someone at some point figured me out...

Because after 3 days, the stand was removed

Yet, it was extremely worth it...
11\ I saved an incredible amount of money and got to maximize my time in such a huge conference.

I'll be honest, I'm not proud of these things - but being a scrappy entrepreneur - you learn to maximize EVERYTHING

Like how to meet the top VIPs 👇

\\End

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More from @Tuviae

Jan 1
1\ Everyone's been posting their 2022 summaries and 2023 predictions, but there's a clear trend noticeable the past few years in the startup & VC world, that's changing the industry, I haven't seen much talk about - and I believe is incredibly significant... Image
2\ Every young graduate wants to be a venture capitalist.
There's different reasons why so many young professionals want to go into VC - but the fact is - it's become a hot profession to pursue, and with that, there's been a big shift in the industry and in the profession of VCs
3\ Put simply, venture capital has become another form of banking, instead of being a different form of entrepreneurship.

It's a huge shift, because banking & entrepreneurship are probably 2 of the most opposite professions...
Read 13 tweets
Feb 8, 2022
1\I tweeted about the “Oh $#!t” moments in the past and how the entrepreneurial ride is rough

Here’s another one of those crazy painful times

You can have all your puzzle pieces in place for your big next step, and yet, it won’t work out

And you’re left devastated…

Thread🧵
2\Some background first

Unlike a software startup, building a hardware product is 10X harder

It’s even in the name - HARDware

It’s a topic for a thread or even a few threads, but HW startups are way more complicated, demanding, and the ride is much tougher than SW startups
3\In one tweet - why it’s harder - development cycles are longer, more complicated with more disciplinaries at work, and different components that need to work together

There’s no “updating the product” once you send it out

And above all - it’s way more capital demanding
Read 22 tweets
Jan 10, 2022
1\I’ve met hundreds of investors

Most investors ask the same exact questions

Rarely do you meet an investor that asks a question that actually makes you think

Ashton Kutcher (@aplusk) is one of the latter

Here's one question he asked that u should be able to answer

Thread 🧵
2\In 2013 @aplusk visited Israel

During the visit, he set a few hours to meet with local startups together with his partners, in his hotel suite

Every single startup in Israel tried to get into that short list

With some help @YitzKemp and I did (thanks @itamarw & @HilzFuld 😉)
3\As always, @YitzKemp started with a demo.

When you have a consumer product - that’s really the only thing that’s interesting 😆

As Yitzi is demo’ing, questions are being asked, and we answer them.
The regular simple questions.

Ashton sat quietly and listened.
Read 13 tweets

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