yet2ventures Speaks at Forum for Consumer Product Entripeneurs

July 4, 2011

I had the pleasure of speaking at a forum for consumer product entrepreneurs 2 weeks ago in Radnor PA.  It was hosted by Connolly Bove Lodge & Hutz LLP, who did a great job connecting a rooms full of entrepreneurs with venture capitalists – tough to do in this climate.  It was great to see a law firm take such a leadership role in facilitating these kinds of connections.

A few key learnings?:

  1. There is a lot less money chasing fewer consumer product start ups.  The West Coast VC bubble has not hit Philly yet
  2. The VC’s have a high regard for sector knowledge/Rolodex, and basic ‘blocking and tackling’
  3. Entrepreneurs are still not taking advantage of the Open Innovation offices in most major companies (these are your internal evangelists)

Here is a edited summary:


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