[CookWithMe]

Because he went through an accelerator. He'll be told for months that the demo day and the pitch will be super-duper important, because investors.

I attended a different accelerator than him (but also corporate and in Berlin), and the idea that bootstrapping may be viable, or even that waiting for another 6 to 12 months when one has real feedback from the market, was never brought up. This is especially sad, because the situation in Berlin is basically inverted to the one in SV: Living costs are cheap, raising (seed) money is hard.

Our Demo Day... afaik no startup got an investment because they met an investor there :-) Afaik, some proceeded to later (>12 months) raise money, one did have success with crowd-funding. But we all wasted a serious amount of time training our pitch...

[MateuszMucha]

I agree with most things and that's been the general sentiment in our accelerator, too. However, I don't consider it a waste of time. Pitching is great in a way that it forces you to have a clear vision of what you want to do. And boy, I needed it. Every time I pitched, I got questions I knew I didn't have good answers to. These were the biggest holes in my business plan and pitching alone made me think harder about them.

As for the demo day, we were told early on that it's a big thing, but it's unlikely that we'll be discovered then. I got in touch with a pretty great investor who's kinda interested, but I think they're way out of our league now (series A/B level), so we'll wait. Also, on that day we initiated a B2B deal which just might turn out to be what we need at this stage (we're building a prototype now).

I love the Berlin-SV comparison and your conclusion!