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ben-ja-menGOLD Member
just lost .... evil init
2,474 posts
Location: Adelaide, Australia


Posted:
So as some of you would be aware i won the entrepreneurs competition in adelaide, as a result we went up to brisbane to pitch our idea at the australia wide version. We only had 1 month to completely redo the business plan and we got a couple of additional "students" to join us, one is a PhD student with 15 years experience as a entrepreneur starting up businesses and harvesting them, the other just finished his masters of entrepreneurship and has 25 years experience as a chartered accountant.

So so far so good, we got the business plan redone, largely due to me devoting almost every waking hour for a month working on it. Matt did us some insane animations and we put together a really really really good presentation, it was so good that after the semifinals the feedback from the judges was "dont change anything, thats the best presentation we have ever seen" so everything is continuing to be fine and dandy. One of the semi finals judges said to our mentor that "you have is sewn up, none of the others where even close to your presentation" all encouraging signs.

In the finals nerves where high and once again we did a knock out pitch, the judges began their Q&A with "well done that was an excellent presentation" which put a smile on my face, the questions began well and then it all went horribly wrong, on a question on the intellectual property the finance guy jumped in and started pratelling on about a seperate holding company which was at no point mentioned in the business plan or presentation. This confused the hell out of the judges (and us) he then proceeded to jump in on every question before the judges even finished asking them, he even managed to insult the intelligence of one of the judges.

some ppl just dont know when to shut up, now his big mouth and temporary ego-centric-insantity cost us $10,000 cash and $15,000 in travel expenses with the entry rights into the american competition (with $100,000 in cash and prizes). you would think that would be enough ...... but no .... at the awards dinner one of the judges came over and gave me her business card, now instead of keeping quite like a normal person he decided to tell the CEO of ilab (a technology incubator) that she was a bad vineyerion (he had decided that she lost it for us due to her parents having grape vines and her not getting everything we said straight away) i mean damn!!! the guy just couldnt stop screwing me over.

but on the plus side i learnt some very very very very valuable lessons about knowing the personalities of the ppl i go into business with.

Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness that most frightens us. We ask ourself, who am I to be brilliant, gorgeous and talented? Who are you NOT to be?


LazyAngelGOLD Member
2,895 posts
Location: Cambridge UK


Posted:
hug what a nob! Maybe the nerves just got the better of him?

well like you say, it's been a learning experience, and you've still got what sounds like a really good idea to sell: at least you gave it a shot!

Because ActiveAngel sounds like a feminine deodorant

Like sex, I'm much more interesting in real life than online.

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crowley2BRONZE Member
272 posts
Location: Uk, Essex, Clacton


Posted:
give me a name adress and some cash and well see how well he talks without his tounge

sounds like the kind of guy with a big L on his forehead

The trouble with having an open mind, of course, is that people will insist on coming along and trying to put things in it. ~ Terry pratchett


ben-ja-menGOLD Member
just lost .... evil init
2,474 posts
Location: Adelaide, Australia


Posted:
tis annoying yes but im not so worried about it because as a result of doing the competition we have recieved 3 expressions of interests, one from a venture capitalist and 2 from industry bodies to become equity partners so its all good smile

Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness that most frightens us. We ask ourself, who am I to be brilliant, gorgeous and talented? Who are you NOT to be?


YakumoSILVER Member
1,237 posts
Location: Oxfordshire, United Kingdom


Posted:
wow... that sucks... did the gey get drunk to try calm his nerves beforehand or what? but well done otherwise!
what's the project?

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Mr MajestikSILVER Member
coming to a country near you
4,693 posts
Location: home of the tiney toothy bear, Australia


Posted:
 Written by: Yakumo


wow... that sucks... did the gey get drunk to try calm his nerves beforehand or what? but well done otherwise!
what's the project?



gah, i cant find the thread where ben-ja-men talked about it. if i recall right it was some method of picking grapes mechanically? i'm not sure.

"but have you considered there is more to life than your eyelids?"

jointly owned by Fire_Spinning_Angel and Blu_Valley


robnunchucksBRONZE Member
363 posts
Location: manchester uk


Posted:
thats the problem with buissnes there are alot of nice people about but there are also some proper c%&ts and even though there normaly in the minority for some reason they always seem to be in positions of power. i feel for you man but from the sound of it there are plenty of people who saw what a good idea you had. good luck with it smile

take solist in the fact that when you've show how succesfull an idea it was he'll have nothing to do but kick him self for missing out on it biggrin

My nunchucks vital statictics biggrin

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ben-ja-menGOLD Member
just lost .... evil init
2,474 posts
Location: Adelaide, Australia


Posted:
[Old link] is the thread, its all good life lessons hey, i know he was coming from a good place ... it just highlights the need for me to read ppl and their personalities better. a good lesson to learn sooner than later smile theres always next year with a more cohesive team

Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness that most frightens us. We ask ourself, who am I to be brilliant, gorgeous and talented? Who are you NOT to be?


GnorBRONZE Member
5,814 posts
Location: Perth, Australia


Posted:
Bloody hell Ben. So close...
He probably thought he was doing the right thing. Lots of new doors opening for you. One day you will do a project thats not due in the next week or so wink

Next time gadget

Is it the Truth?
Is it Fair to all concerned?
Will it build Goodwill and Better Friendships?
Will it be Beneficial to all concerned?

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