Difference between revisions of "Organization:3 Day Startup"
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| − | = <span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif">Overview</span>< | + | = <span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif">Overview</span></span><br/> = |
| − | <span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif">[http://3daystartup.org/ 3 Day Startup][http://youtu.be/HjtKebKyVp4 [1]]</span | + | <span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif">[http://3daystartup.org/ 3 Day Startup][http://youtu.be/HjtKebKyVp4 [1]]</span></span> |
<span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif">Watch their video here:[http://youtu.be/HjtKebKyVp4 http://youtu.be/HjtKebKyVp4]</span></span> | <span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif">Watch their video here:[http://youtu.be/HjtKebKyVp4 http://youtu.be/HjtKebKyVp4]</span></span> | ||
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<span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif">From 3daystartup.org:</span></span> | <span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif">From 3daystartup.org:</span></span> | ||
| − | <span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif"><span style=" | + | <span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif"><span style="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></span></span> |
<span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif">3 Day Startup really focuses on learning by doing. Through the interdisciplinary teams, you go out and talk to real customers, and act in a microcosm of what the start-up world feels like.</span></span> | <span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif">3 Day Startup really focuses on learning by doing. Through the interdisciplinary teams, you go out and talk to real customers, and act in a microcosm of what the start-up world feels like.</span></span> | ||
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<span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif">Note on equity:</span></span> | <span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif">Note on equity:</span></span> | ||
| − | <span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif"><span style=" | + | <span style="font-size:small"><span style="font-family: lucida sans unicode,lucida grande,sans-serif"><span style="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. The purpose of this is to protect ideas and founders by establishing a clear chain of legal ownership for the ideas. The 3DS organizers never profit or make any money from any work you do.</span></span></span> |
= <span style="font-family:lucida sans unicode,lucida grande,sans-serif">Purpose<br/></span> = | = <span style="font-family:lucida sans unicode,lucida grande,sans-serif">Purpose<br/></span> = | ||
Revision as of 21:17, 26 February 2014
Contents
Overview
Watch their video here:http://youtu.be/HjtKebKyVp4
3 Day Startup is a non-profit start-up to help other start-ups. They were founded out of the University of Texas at Austin, and have grown globally since.
From 3daystartup.org:
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.
3 Day Startup really focuses on learning by doing. Through the interdisciplinary teams, you go out and talk to real customers, and act in a microcosm of what the start-up world feels like.
An example schedule from 3daystartup.org:
Friday
- 2pm: meet & greet, split up into brainstorming groups
- 7pm: dinner & pitch ideas
- Decide on best idea(s), start work!
Saturday
- Customer interaction, coding, market validation, business plans, logos, etc.
Sunday
- 6pm: dinner & meet panelists
- 7pm: pitch startup(s) to panel
- Launch prototype, elect board
Note on equity:
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. The purpose of this is to protect ideas and founders by establishing a clear chain of legal ownership for the ideas. The 3DS organizers never profit or make any money from any work you do.
Purpose
From 3daystartup.org:
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.
3 Day Startup is primarily focused on building and funding technology based student-run companies.
After the 3 days are over, 3 Day Startup hopes to maintain the entrepreneurial momentum through the ecosystem networks by linking academic institutions, investors, incubators and accelerators, and student entrepreneurship organizations.
Distinct Differences From Other Offerings
3 Day Startup has a high sucess rate. Per event, 3 Day Startup events result in more successful startups than any other weekend entrepreneurship event.
The exciting aspects in contrast to something like Startup Weekend is that 3 Day Startup is focused entirely on tech startups, and that they bring in actual investors on the final day. 3 Day Startup has lead to 41 technology startups attracting over $14 million in investment.
Additionally, 3 Day Startup is sponsored by Microsoft and Rackspace, enabling students to free technology and servers for quick building.
Although interested in tech startups, 3 Day Startup encourages participation by all majors at a university.
Steps Required to Bring Resource to Campus
- Directly contact 3DS and they can walk you through the process
- 2 - 3 Months of organization time required
- They offer a grant program you can apply to in order to subsidize the costs
- "Unlock" your university by having 50 interested people sign up
- 3DS will contact you and provide you with a 3DS mentor to organize the event
- Secure a date and venue
- Secure sponsorship to pay for food, tee shirts, whatever other expenses you might have
- Recruit applicants
- Find mentors and panelists
- Throw the event
Contact Information
| Madeline Vu | madeline@3daystartup.org | Program Manager |
| Cam Houser | cam@3daystartup.org | CEO |
