At our first event, we played a game called "Be a VC" (note: in case you already forgot, VC stands for venture capital). We asked all of the program participants to choose to fund, or finacially back, one of two hot new products. Our entire class was split into two camps. Each camp was asked to answer the question "If you had $5 million dollars, which product would you invest in and why?"The first team selected the MyVu iPod video-projecting accessory glasses and
the second team chose the Digit Wireless "Fasttap finger pad." The final showdown occurred when each team, in front of the entire audience of fifty+ parents, was asked to offer compelling reasons to invest in their chosen product. Both teams were able to provide comprehensive information on subjects such as market size, product innovation, competition, and pricing. The audience, our resident venture capitalists if you will, were shrewd and wanted to know everything we could tell them. The MyVu team won the vote by a narrow margin, but it was close. Next time we'll cover the analysis in a little more depth. Stay tuned...
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