Takeaways from the Entrepreneurs Night - Silicon Valley Style Pitch Event

It was a toss-up between going and doing more app stuff but I decided to go.

Just before leaving for the event I had, in any case, fixed a major problem I had spent several days working on (and on which a real developer would have spent an hour on).

It was worth attending. As Axel Schultz, the organiser, said, it was the best pitch event so far, even against San Francisco and Berlin.

Here are my takeaway:

• should have a significant number of businesses who have been canvassed, preferably before writing code, but in the double figures
• "obsession makes a good entrepreneur"
• consider equity-based crowd funding where you actually get a 100 or so experienced investors who can help you. This becomes part of the value added investor thinking which also includes "smart money" 
• Axel like the idea of two people developing a business to actual traction
• Munich will probably take over from Berlin in terms of startup activity in two or three years
• For startups speed beats perfection