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Lean startup does mean cheap startup.
While many VCs emphatically express enthusiasm for lean startup principles of fast iteration and a singular focus on actionable metrics, many founders tell stories about angels and VCs asking for nothing but vanity metrics and arbitrary benchmarks such as 10,000 users.
Presentations and panelists include:
Ariel Poler, super angel and founder of IPRO, Topica, and TextMarks Chris Redlitz, founder of Transmedia Capital, KickLabs, and The Last Mile Danielle Morrill, CEO of Mattermark, YC Alumni, Employee #1 at Twilio David Binetti, founder of Votizen, USA.gov, Capitolix, and more This panel and discussion will try to answer:
Do VCs understand lean? What metrics do angels and investors look for in startups? Does a VC look at a lean company differently than a "build it and they will come" company? ..and more About Ariel Poler
Ariel is an entrepreneur, mentor and investor. Ariel was the founder of IPRO, the first web analytics company, Topica, one of the first email communities, and TextMarks, a pioneering provider of SMS marketing services. He was board member of Kana Software, LinkExchange, StumbleUpon, Scan and Odeo. Ariel currently serves on the boards of Freedom Financial and Strava. His angel investments include AdMob, Flixster, Slideshare, VivaReal, BrightRoll, Optimizely, Causes, Mashery, Kongregate and NexTag. Ariel holds a B.S. in Mathematics with Computer Science from MIT and an MBA from Stanford University. He is originally from Venezuela and lives in San Francisco with his wife and three children. Ariel is addicted to kitesurfing - particularly kite racing and kiting on waves.
About Chris Redlitz
Chris has been on the forefront of emerging technologies since the commercialization of the web. He is the Founding Partner of KickLabs and Transmedia Capital, a seed stage investment fund both based in San Francisco. Chris co-founded AdAuction, the first online media exchange in 1997 which was the precursor to the current auction based and dynamic pricing platforms in online media. Chris co-founded the first online independent yellow pages, OnVillage (acquired by Super Pages), the first online automated coupon platform, launched the first RSS ad campaigns, and helped develop the first peer to peer ad delivery system.
In 2010, Chris and his wife Beverly Parenti co-founded The Last Mile (http://thelastmile.org) program, designed to teach incarcerated men and women fundamental business skills and entrepreneurial training. The Last Mile is the most progressive prison program in the world and will expand the several other states in 2013. It is expected to be adopted across America in the next three years.
About Danielle Morrill
CEO of Mattermark. Formerly CEO of Y-combinator company Referly, mentor in residence at 500 Startups, employee #1 at Twilio as Director of Marketing, and editor-in-chief at Seattle 2.0.
About David Binetti
David Binetti most recently sold Votizen (http://votizen.com/) to Change.org, has previously been the founder of USA.gov, Capitolix, and been on five other founding teams. He was also on the original 7 person team that created Quicken.com (http://quicken.com). His metrics based approach with Votizen (http://votizen.com) was featured in Eric Ries' book The Lean Startup.
Beer, (real non-pizza based) food, and a good hang with great people is included thanks to the price tag. After expenses, extra proceeds go to building out LeanStartupCircle.com (http://leanstartupcircle.com/) for the community.