Event Overview
Letzgro Engineering Incubator held the meetup Interactive Panel Discussion: VCs speak! How venture capital firms work, which brought VCs and startups of the Silicon Valley together and provided a great opportunity for them to discuss a whole array of questions about the VC world. The event was organized as a panel discussion and hosted by Letzgro CEO Ihor Pidruchny who managed to gather under one roof three prominent venture capitalists – Sanjit Dang (Investment Director at Intel Capital), Ashmeet Sidana (Managing Partner of Engineering Capital) and Gopi Rangan (former executive in USAA’s corporate venture group). Both the speakers and the participants pointed out in their feedback that the meetup was very useful as it raised many critical questions and the results of the panel provided a new perspective on building business strategies.
Issues Raised
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The participants had the chance to clarify such crucial for startups issues as:
- how VC funds are organized;
- how VCs choose an EIR;
- how VCs keep startups on their radar;
- how they track startups performance to know when to invest;
- how due diligence is done;
- the key to a successful board meeting;
- tech industry insights etc.
Letzgro Engineering Incubator
Starting Silicon Valley Startups Acceleration group was triggered by the activity of Letzgro Engineering Incubator. During the meetup, Ihor Pidruchny revealed how the idea of creating the Incubator came into being: “Not so long ago we were a dev shop in Eastern Europe, the clients came to us with their idea, we developed the app but after launch… pretty much, nothing happened. We were disappointed that they couldn’t achieve their business goals and, to tell the truth, we often knew from the beginning that they didn’t dedicate enough effort to marketing and the product itself and not just an app. We could see that good code and a great idea don’t ensure the success of the final product and we genuinely wanted to help them. So gradually we started building our market success department and very soon offered our marketing and sales services to our clients. Just like that we realized that we weren’t building applications anymore, we were building products, so we’ve grown into an incubator. The idea of organizing meetups was, first of all, necessary to help our existing clients understand all the domains and processes they need to cover in order to build a successful business and to be of some assistance to others too.” You may also explore Letzgro Engineering Incubator page to see how it functions and to check if your startup meets the criteria to be able to apply for a slot in it.
Upcoming Meetups
The event was met warmly by the participants and the speakers and the positive feedback inspired Letzgro Engineering Incubator to organize more events, which will cover sales strategies, tactics and tools, private equity funds and much more. The best experts in each field will share their knowledge during the following upcoming meetups:
1. Tuesday, February 16, 2016.Workshop by Ex Director of sales eBay: Sales strategies for startups
This meetup is going to be an interactive and extremely practical workshop for co-founders, CEOs and VP Sales for B2B and B2C startups. The participants will be able to enjoy 2.5 hours if intensive work led by Brian Haverty, ex-Director of sales at eBay.
2. Thursday, February 18. How to get your web/mobile app built with remote team
3. Friday, February 26, 2016. Full day workshop by ex-director sales eBay: sales tactics, planning&automation
Contact Information
The ultimate goal of Letzgro Engineering Incubator is to set up oriented acceleration program on both technology and business development to build, launch and scale your startup. Advisors at the Incubator walk a startup through each step of the process, while the internal departments design and implement visions on marketing, software development, and sales. LEI gathered advisors on various tech and business areas from Silicon Valley, New York, Toronto and Amsterdam, and our execution centers are located in Europe. You can also get in touch via e-mail: welcome@lezgro.com or phone: +1.650.353.3590
