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by timdorr 3639 days ago
I think you'll still be able to be methodical afterwards via direct communication over emails/calls to the startups, just as you used to before. Unless this Tinder-style app removes all the contact info you'd normally receive, you should be able to take it slow if you want.
1 comments

I agree that I can still be methodical after Investor Day. I'm just saying that before, if I was interested in 25 companies after demo day, then I'd do 25 1-hour meetings spread over a few days. With Investor Day -- and without a chance to do much prep/research before each short meeting -- I'm not sure if I'm going to have 25 20-minute meetings and then still have 25 1-hour meetings to follow up, or if it's more like 25 20-minute meetings and then 5-10 1-hour meetings.
In what percentage of 1-hour meetings do you eliminate the company within the first 20 minutes?

As a CEO, I've eliminated at least 25% investors in that time period. Given that most meetings start with the company pitch, my guess is 20 minutes would be enough to winnow down the list of hour meetings.

It's hard to say. If it's literally my first exposure to a company, then probably 80% or 90%. But demo days are more complex. I might see 125 companies pitch on stage and try to follow up with 25 of them. So that's 80% eliminated from the demos. For the other 25 companies, I already know a little bit from their pitch and find them interesting, so I'm not sure how many of them I'd be able to eliminate within 20 minutes. My guess is 25%-50% (of the remaining 25), but it's a wild guess.