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miniSeedcamp Barcelona

March 29, 2010

I am not going to write a full review of miniSeedcamp Barcelona, you know I never write more than three paragraphs anyway. You can find good reviews here or here (second link in Spanish). But I wanted to share something I found really interesting with regards to the mentoring sessions. For those of you that do not know about Seedcamp it is a seed stage start-up competition where selected teams get to pitch and have various mentoring sessions with VCs, successful entrepreneurs and sector experts. The mentoring sessions are 45 min long and are great opportunities to get feedback from people that have more experience and are more knowledgeable than you.

We had four mentoring sessions and in all of them we asked similar questions, which were the biggest issues or challenges that our start-up was facing (except the session with @fdestin where he guessed all our questions just by telling him what our business was about, impressive!). What I found interesting is that our mentors were successful professionals with years of experience yet they gave completely different and opposed answers to our questions. My take on it is that this is because they base their answers on their personal experience which is different in each case. However, for the entrepreneur this can be disconcerting and confusing. When you ask a question you would expect to get the “right” answer but I guess the whole point is that there is no “right” answer, there is only the answer you choose to act on.

At the end of the day the ones leading the project are the ones that need to make the decision, whether they have asked experienced professionals for advice or not.

PS Special thanks to the @seedcamp team for the opportunity and help

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2 Comments
  1. The most important thing to take out of Seedcamp, is not the advice from the mentors, but to tap into the Seedcamp network that is growing year after year. Wich you are now part of :-)

    Most of them(mentors and all of us) have their unique point of view and please do not confuse a MENTOR with an ADVISOR, if you play your cards well you can come out of Mini-SC with a handful or at least 1.

    Which I think is crucial for any StartUp, they (advisors) will give you the RIGHT answers because they have an interest in your success (share on your company), but at the end of the day the entrepreneur and its team will take the decision to execute it or not.

    All the best my friend.

    • Thanks for the comment Claudio! I agree, maybe I did not express it correctly but when I said that the mentoring sessions were the most important thing I included getting to meet the mentors (and being part of the network).

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