So about 2 weeks ago me and Tanvi went to SUP46 Fem Tech event. The whole idea with the event was to inspire and motivate women to take a step forward and become better entrepreneurs or take the step and become one. There were three successful women that acted as kind of a panel. They talked a bit about themselves first and then they gave feedback on three different pitches from other women. One of these women were Jane Walerud, an angel investor, who is very impressive and for example invested in Klarna. Jane talked a bit about how it was to be a successful woman in the US trying to climb the “ladder”. She said that she got offers to sleep her way to the top and that the men weren’t really comfortable with her presence. But she also said there has been improvements and the environment is better.

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Jane Walerud

Before the event started we talked to two women that were supposed to pitch during the event. They were in their younger years and both had long blond hair. They said that it was really difficult to talk to potential investors if they were male as the men often talked down to them and treated them like little girls. The two other women didn’t have this problem as one of them worked at a company that was owned by a woman and the last one started her company with male colleagues more her age. I get the impression that women have the hardest time with older men if you don’t show authority and that you are “hard”. The more feminine you are, the less you get accepted. This may not be true, but is my interpretation.

The three pitches were good and got good feedback. The problems were as I have talked about in previous posts that they had to few pictures, numbers and maybe not specific enough on what customer segment they wanted to target. It was interesting to go to an event only for women by women. Except for the part about that it sometimes can be difficult to be accepted as a woman in the business world it could have been an event for everyone.

 

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One of the pitches done by very nice woman from their company Sevn.

 

 

 

 

As many others I as well, went to the STHLM TECH event yesterday. I believe that after reading the others nice posts you get an idea of what the event was about. The most important thing I took with me from that evening was how important the presentations/pitches are and also the execution of them, if not even more important. Here are a few key points to think about:

  1. Storytelling
  2. Focus on the main idea
  3. Leave all the features to later
  4. Show the potential  market
  5. Practice, practice and practice
  6. Keep it “light and airy”
  7. Pitch to someone that hasn’t heard of the product, do they understand?

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These are the main things I took with me, maybe I forgot something? Do you have a proposition of something more important?

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I also want to thank Tanvi for presenting our venture idea so well!! <3

She got really good feedback on the presentation and the execution but there were also a few question marks that was raised that we have to think about and take into consideration going forward.

  1. Can we access the data
  2. We need evidence that people will pay for our service
  3. Are people willing to enter their information, do they trust us?
  4. Will the hospitals trust our information?

I am really exited for this project and to see what we can come up with in the end.

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Yesterday I also went to the event Product Tank at SUP 46. As the topic was Product management, it was not that focused on startups. But I still think it could be valuable in a startup as they are managing a product, and you will have to do the same if you have a Startup. There were 5 speakers and they all presented their take on their day as a PM (Product Manager). As they had different kind of products and companies the topics they highlighted varied, which kept it interesting, but they all gave tips and learning’s that was quite similar, will come back to this one.

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As I previous blogged about stage fright, and it is a thing for me I really thought about their presentations. One was really nervous but fought through it. One did not even look at the audience so I slightly lost my concentration and interest. Another had a really fun and playful presentation, but did I learn that much?! After seeing 5 presentations so close together I realized that HOW you present is really more important then WHAT to be remembered. Or a least that is my take on it.

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So what did I learn and bring with me from this event?. Mostly I learned more about what a PM does and my interpretation is that they are like a director of an orchestra or the spider in the middle of the web. They have to be able to communicate and translate between the different departments, as they do not always talk the same language. They also really have to believe in the product and take the time to explain it to their colleagues so they will continue to promote it further on in the process.

 

So what are a few of the tips the speakers gave us

  • Create a road map tied to the company goals
  • Maintain focus on road map, do not stray
  • Prioritize, prioritize, prioritize
  • Where can we go?
  • What can we do?
  • Be a peacekeeper
  • Have a diverse team

 

In some aspects I can relate this to my work as a head waitress. Mostly in the part of communicating to different divisions of the company as I worked at hotels, but also as you are responsible for the “product” during service. I know it is not the same, but it is the closes thing I can relate to from by previous employments. Maybe being a PM could be something for me… Time will tell. Hope you guys have a good weekend!!!

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Yesterday we had to woo investors with a presentation about our company to be able to invest for the future quarters. I do not know about you, but I hate talking in front of people. I always get so nervous, forget what I am supposed to say and never remember what I have said when I am done. So when it was time for my group (Ace) I was not feeling to good, and I was supposed to start talking. But there was a bit of a problem with the projector and I just got more nervous, but I got through it and felt relieved after.

The next part of the class suited me better as we had to now get the investors to give us their money. The first investor wanted to give us 1 million for a fairly good price after some negotiations and we happily went on to the next one. Here we got the whole sum of 4 million for a better price J. I think the whole group got a little exited and did not negotiate hard enough (mental note for future), we could have gotten even more money per share I think. We could have gotten even more money from the third investor, but as we could only have a total of 4 million we had to stop. But as we had the best financial statements of all the companies it was quite easy to get the money, so we really should have been a bit harder with the negotiation about the price of the shares.

Over all I like the simulation game! I do not know about you, but I am learning a lot and like that you quite quick get feedback about how your decisions affect the company. As of now we have the largest market share closely followed by BeGroove Tec and far the best financial score. But the question is, will it continue this way? Have we made the right choices for the next quarter and will we keep our position? We will see on Friday.

Do you have the same problem with stage fright as me? Or do you have any tips?

anna_lallerstedtanna_lallerstedtanna_lallerstedtanna_lallerstedtWe all have different role models and maybe more than one depending on which category they are active in. I have been working in the restaurant world for a long time both full time and extra combined with school. It is a profession that I both love and hate, but always will be close to my heart, it is a way of living. One of my role models in this line of work is Anna Lallerstedt, who recently took over after her father Erik Lallerstedt.

The reason why I admire her is not only because she is running three restaurants, Eriks Bakficka, Gondolen and Eriks vinbar, with an attitude that is both driven, humble and good against the employees, but she also tries to improve the whole profession. The restaurant world has a bad reputation, and a lot of people think that it is just something you do for extra income or that you are not good enough to do something else. I have experienced this first hand. Often guests asks what I do other than work in a restaurant, if I reply; this is what I do, the response from the guest often is; “oh!” with a negative vibe, and they stare down in the table. But if I say; “I am studying”, they get impressed right away and becomes really chatty.

What Anna is trying to do is show that you can work in the restaurant business and still have a family, improve and advance in the business even though you do not work “ordinary hours”. She is the first employer that has implemented a kind of certificate, “gesäll brev”,  that shows your skills and knowledge, so you actually can prove that you know what you say you know. I believe this is the first step in giving the business a better reputation. Anna is not only a entrepreneur in the aspect of running three restaurants, but also in the aspect of the progress the whole business taking a positive direction. And I have not even mentioned that she is a woman in a man dominated trade, she dedicates money to charity and is nominated to “Restauranteur of the year 2016”.
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So, who is your role model?