speed mentoring with TheNextWomen

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speed mentoring with TheNextWomen

FTired
Administrator
Hi

Another event, and mre feedback. This event was a 3 hr event which engaged entrepreneurs with mentors, in short burst.

How It Worked
--------------------
1. As a ent. you were split into one of three groups and also assigned a 'starting number'
2. Each group had a kick off time, So Group A started at say 7.30, and Group B at 8pm. During the 'downtime'  you could network amongst each other and devour sushi
3. Once your time kicked off, you went upstairs to a desk with your number on it, that was your starting position.
4. Awaiting you arrival at the desk was the mentor (whom were all given a number, and a specialty, hence you could prepare you questions in advance)
5. You had 4 minutes with each mentor, and then moved to the next number. This 4 minutes was aggressively monitored :-), by Simone, a timer, and a bottle of water with a stick.

Pro's
-------
1. From a mentor point of view, it really kept you on your toes, I was amazed at the type of businesses, and also the questions that were asked
2. The pitches from a ent. point of view had to be really really tight, otherwise 4 minutes was wasted, hence the elevator pitch of most was really good
3. If you had prepared well, from 12-15 mentors, you could get alot of questions answered, from funding, to people, to sales and marketing, all with 30 minutes, which is completely different to most networking events, where you are really just...well networking, i.e this event had a purpose....a very focused purpose.
4. You had lots of time to socialise and meet all the people, and as a mentor I got to meet just about all the people there, which in a room full of upto 60 people usually never happens

Cons
------
1. As a mentor, it was a little hard going, 1.5 hrs or non-stop questions, with a water break when you could (thanks simone for the grapes), was a bit hard going
2. Some of the questions or businesses were well out of my comfort zone, I mean what do I know about the theater and 'plays', however since it was a funding question, I think I gave some good advice
3. It would have been nice if we as mentors knew the businesses in advance also, like the ent. did about us, we should have known a little about them...but then again maybe that would have taken the fun out of it
4. I am not sure if 4 minutes was enough, but then again that maybe down to lack of preparation on the part of the ent. The ones who were prepared got to the point, and got answers.


All in all a completely different event, and one that I would say is well worth attending, allows you to network, but also to come with a list of questions, and get some work done, all in 3 hrs, unlike anything I have been to before.

Iqbal





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Re: speed mentoring with TheNextWomen

Jonathan Harris
Here's my 2p worth: I'd agree with Iqbal.

Really enjoyed the event, the focused energy of the questions and the timeframe made an interesting and stimulating evening.

Massive variety of industry sectors and ambitions all at different stages of development, lots passion and positivity.

Some needs to buy Simone a bell rather than that bloody bottle! ;-)
Huge thanks to both her and Joana for putting the event together as well as keeping us stocked up with fluids and fruit! Would love to do it again.

Jonathan

Harrisment sent this using a BlackBerry® from Orange


From: iqbalgandham <[hidden email]>
Date: Fri, 18 Jun 2010 06:01:33 -0400
ReplyTo: [hidden email]
Subject: [entrepreneur-1056] speed mentoring with TheNextWomen

Hi

Another event, and mre feedback. This event was a 3 hr event which engaged entrepreneurs with mentors, in short burst.

How It Worked
--------------------
1. As a ent. you were split into one of three groups and also assigned a 'starting number'
2. Each group had a kick off time, So Group A started at say 7.30, and Group B at 8pm. During the 'downtime'  you could network amongst each other and devour sushi
3. Once your time kicked off, you went upstairs to a desk with your number on it, that was your starting position.
4. Awaiting you arrival at the desk was the mentor (whom were all given a number, and a specialty, hence you could prepare you questions in advance)
5. You had 4 minutes with each mentor, and then moved to the next number. This 4 minutes was aggressively monitored :-), by Simone, a timer, and a bottle of water with a stick.

Pro's
-------
1. From a mentor point of view, it really kept you on your toes, I was amazed at the type of businesses, and also the questions that were asked
2. The pitches from a ent. point of view had to be really really tight, otherwise 4 minutes was wasted, hence the elevator pitch of most was really good
3. If you had prepared well, from 12-15 mentors, you could get alot of questions answered, from funding, to people, to sales and marketing, all with 30 minutes, which is completely different to most networking events, where you are really just...well networking, i.e this event had a purpose....a very focused purpose.
4. You had lots of time to socialise and meet all the people, and as a mentor I got to meet just about all the people there, which in a room full of upto 60 people usually never happens

Cons
------
1. As a mentor, it was a little hard going, 1.5 hrs or non-stop questions, with a water break when you could (thanks simone for the grapes), was a bit hard going
2. Some of the questions or businesses were well out of my comfort zone, I mean what do I know about the theater and 'plays', however since it was a funding question, I think I gave some good advice
3. It would have been nice if we as mentors knew the businesses in advance also, like the ent. did about us, we should have known a little about them...but then again maybe that would have taken the fun out of it
4. I am not sure if 4 minutes was enough, but then again that maybe down to lack of preparation on the part of the ent. The ones who were prepared got to the point, and got answers.


All in all a completely different event, and one that I would say is well worth attending, allows you to network, but also to come with a list of questions, and get some work done, all in 3 hrs, unlike anything I have been to before.

Iqbal





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RE: speed mentoring with TheNextWomen

Philip Woodward
In reply to this post by FTired

From a mentee perspective it was interesting, and very useful to hone down a pitch and focus on product value.

 

My view was that 4 minutes was (just) enough to understand the questions that should be answered, or the problems that need solving.

A somewhat longer period is then needed to answer them!

 

In terms of repeatability for mentees it’s something that one could attend a couple of times a year, as the business evolves and new challenges emerge, so I’d recommend it if it’s run again.

It was also interesting meeting a broader range of businesses, not just those in tech and digital.

 

Regards,

 

Phil.

 

From: [hidden email] [mailto:[hidden email]] On Behalf Of Jonathan Harris
Sent: 18 June 2010 11:52
To: [hidden email]
Subject: Re: [entrepreneur-1056] speed mentoring with TheNextWomen

 

Here's my 2p worth: I'd agree with Iqbal.

Really enjoyed the event, the focused energy of the questions and the timeframe made an interesting and stimulating evening.

Massive variety of industry sectors and ambitions all at different stages of development, lots passion and positivity.

Some needs to buy Simone a bell rather than that bloody bottle! ;-)
Huge thanks to both her and Joana for putting the event together as well as keeping us stocked up with fluids and fruit! Would love to do it again.

Jonathan

Harrisment sent this using a BlackBerry® from Orange


From: iqbalgandham <[hidden email]>

Sender: [hidden email]

Date: Fri, 18 Jun 2010 06:01:33 -0400

ReplyTo: [hidden email]

Subject: [entrepreneur-1056] speed mentoring with TheNextWomen

 

Hi

Another event, and mre feedback. This event was a 3 hr event which engaged entrepreneurs with mentors, in short burst.

How It Worked
--------------------
1. As a ent. you were split into one of three groups and also assigned a 'starting number'
2. Each group had a kick off time, So Group A started at say 7.30, and Group B at 8pm. During the 'downtime'  you could network amongst each other and devour sushi
3. Once your time kicked off, you went upstairs to a desk with your number on it, that was your starting position.
4. Awaiting you arrival at the desk was the mentor (whom were all given a number, and a specialty, hence you could prepare you questions in advance)
5. You had 4 minutes with each mentor, and then moved to the next number. This 4 minutes was aggressively monitored :-), by Simone, a timer, and a bottle of water with a stick.

Pro's
-------
1. From a mentor point of view, it really kept you on your toes, I was amazed at the type of businesses, and also the questions that were asked
2. The pitches from a ent. point of view had to be really really tight, otherwise 4 minutes was wasted, hence the elevator pitch of most was really good
3. If you had prepared well, from 12-15 mentors, you could get alot of questions answered, from funding, to people, to sales and marketing, all with 30 minutes, which is completely different to most networking events, where you are really just...well networking, i.e this event had a purpose....a very focused purpose.
4. You had lots of time to socialise and meet all the people, and as a mentor I got to meet just about all the people there, which in a room full of upto 60 people usually never happens

Cons
------
1. As a mentor, it was a little hard going, 1.5 hrs or non-stop questions, with a water break when you could (thanks simone for the grapes), was a bit hard going
2. Some of the questions or businesses were well out of my comfort zone, I mean what do I know about the theater and 'plays', however since it was a funding question, I think I gave some good advice
3. It would have been nice if we as mentors knew the businesses in advance also, like the ent. did about us, we should have known a little about them...but then again maybe that would have taken the fun out of it
4. I am not sure if 4 minutes was enough, but then again that maybe down to lack of preparation on the part of the ent. The ones who were prepared got to the point, and got answers.


All in all a completely different event, and one that I would say is well worth attending, allows you to network, but also to come with a list of questions, and get some work done, all in 3 hrs, unlike anything I have been to before.

Iqbal

 





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Re: speed mentoring with TheNextWomen

Stefan Richter-2
In reply to this post by FTired
I attended the event as a mentee and it was one of the best events I have attended in years. I loved the fact that the number of people was limited to a manageable number and we got sufficient time to network with all the other entrepreneurs and mentors.
Unfortunately I had to leave early and did not get to chat to Iqbal during the actual event - maybe we could do that over the phone sometime (I'm the Scribblar guy ;-)?

It was also refreshing to meet lots of other single founders and not only polished, VC ready teams as is often the case. I really felt everyone was in the same shoes as myself, most people had some revenues already and were thinking about next steps, as I do too.

Great event and well done to the organisers. I'd definitely attend again.

Cheers

Stefan





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