[Decode Entrepreneurs] Truth about pitching your startup in silicon Valley / Creating Simple Rules for Complex Decisions

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Truth about pitching your startup in silicon Valley – The Refiners

There are people in this world who are great at pitching and people who simply aren’t.

Engineers and developers generally…aren’t. Sorry about it.

Another tidbit – your startup’s Co-founder or CEO probably wasn’t great either.

With that said, I can’t imagine being a foreigner who not only has one shot to pitch it right but having done so in English.

Wait, I actually do.

In this article, I promise to give you prime intel from my experience of how it is to not only pitch your startup in Silicon Valley but how it is to pitch your startup here as a foreign founder.  I’ll also throw in steps on how to successfully structure your pitch so you’re able to convince any investor in Silicon Valley as a bonus. You’re welcome.

Well, It’s actually experienced from a third person perspective.

Anyway, time for the good stuff.

Creating Simple Rules for Complex Decisions – Harvard Business Review

Machines can now beat humans at complex tasks that seem tailored to the strengths of the human mind, including poker, the game of Go, and visual recognition. Yet for many high-stakes decisions that are natural candidates for automated reasoning, like doctors diagnosing patients and judges setting bail, experts often favor experience and intuition over data and statistics. This reluctance to adopt formal statistical methods makes sense: Machine learning systems are difficult to design, apply, and understand. But eschewing advances in artificial intelligence can be costly.

Recognizing the real-world constraints that managers and engineers face, we developed a simple three-step procedure for creating rubrics that improve yes-or-no decisions. These rubrics can help judges decide whom to detain, tax auditors whom to scrutinize, and hiring managers whom to interview. Our approach offers practitioners the performance of state-of-the-art machine learning while stripping away needless complexity.

Startup Xpenditure turned down 20 VCs, but for what? – The Next Web

In the startup world, venture capitalists can find themselves treated as demigods. Feted by startup founders, by the media and by government, VC’s wield power, influence and, most importantly, money.

Alternatives to VC rounds are rarely considered. It’s expected that Series B follows A, and A follows seed. For a young startup ‘VC-funded’ is seen as a badge of honour to attract new employees and investors.

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