NVBC has provided an additional network to tap into and resulted in an introduction to the VANTEC angels. Excellent mentor panel feedback during the presentations. Provided tight timelines to apply the rigor needed to finalize the business plan.
The experience has been simply fantastic. A lot of work, but great planning exercise and disipline to make sure you are working ON the business and not just IN it! I have definitely learned that if you don’t, you can get lost in the details and not see the forest for the trees!
The competition added credibility to Loom. Being in the Top 15 from ~165 original companies definitely created traction for Loom, and has led to a new partner and investment. We’re really impressed by the organization and the structure of the competition.
This was one of the most satisfying relationships of RFind’s existence. We were able to derive a lot of value from the mentorship experience. The result has been a focused organization that has strong investor appeal. We had won even if we hadn’t won the competition.
We found the competition challenging and rewarding, as it made our company stretch itself to really understand how others perceived our company, and why we need to clearly get the right message out to those who don’t have the benefit of our experience.