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.
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That’s the background
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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
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...
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...
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