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Organization:3 Day Startup

8 bytes removed, 12 years ago
Category: Resources
From 3daystartup.org:
<span style="color: rgb(100, 100, 100); font-family: Georgia, Palatino, 'Times New Roman', serif; font-size: 14px; line-height: 21px;">The idea of 3 Day Startup is simple: start tech companies over the course of three days. We rent work space for an entire weekend, recruit 45 student participants from a wide range of backgrounds, cater food and drinks, and bring in top-notch entrepreneurs and investors. The participants pick the best ideas for startups during the Friday brainstorming session and deliver prototypes and investor pitches on Sunday night.</span>
An example schedule from 3daystartup.org:
Friday
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<li>2pm: meet & greet, split up into brainstorming groups</li><li>7pm: dinner & pitch ideas</li><li>Decide on best idea(s), start work!</li>
</ul>
Saturday
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<li>Customer interaction, coding, market validation, business plans, logos, etc.</li>
</ul>
Sunday
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<li>6pm: dinner & meet panelists</li><li>&nbsp;7pm: pitch startup(s) to panel</li><li>&nbsp;Launch prototype, elect board</li>
</ul>
Note on equity:
<span style="color: rgb(100, 100, 100); font-family: Georgia, Palatino, 'Times New Roman', serif; font-size: 14px; line-height: 21px;">If your local organizing team decides to use the legal structure, than the 3DS non profit takes 0.5% of '''dilutable '''equity in companies that are formed based around ideas that are presented during the final pitches. &nbsp; The purpose of this is to protect ideas and founders by establishing a clear chain of legal ownership for the ideas. &nbsp;The 3DS organizers never profit or make any money from any work you do.</span>
= Purpose =
From 3daystartup.org:&nbsp;<span style="color: rgb(100, 100, 100); font-family: Georgia, Palatino, 'Times New Roman', serif; font-size: 14px; line-height: 21px;">The weekend is designed with two specific goals in mind: kick-start new student-run companies and build entrepreneurial capabilities in students and their university communities.</span>
= Distinct Differences From Other Offerings =