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Startup Istanbul Recap
Oct 15, 2015

Startup Istanbul Recap

As a mentor, professor Malcolm Duerod from the Department of International Business attended the Startup Istanbul

Startup Istanbul started with 100 startups from 67 countries on Thursday and by Saturday they got down to the top 50.  As a mentor, professor Malcolm Duerod from the Department of International Business gave feedback to over 40 startups on their pitching technique.
The startups began with 5 min pitches and got them down to 2 1/2 minutes for the finals on Monday with only 15 finalists.  Those who made it changed there pitches based on the feedback from over 30 mentors and over 100 investors who attended Saturday's demo day.  
In the evenings our representative had a VIP pass for the dinners at top Istanbul restaurants and sat across from Steve Blank, professor at Stanford, Cal Berkeley, and Columbia. Hereby they shared insights on corporate entrepreneurship and views about the Balkan entrepreneurship ecosystem. In addition, he met some very active investors in Turkish startups such as Mr.  Hasan who has invested in 78 startups in just under 3 years.
There was a big precence from silicon valley venture capital firm 500 startups. During the conference they announced a new $15 million investment fund that is looking for 100 companies to invest in during 2015-16. 
The conference on Monday was well attended from beginning to end where the challenge winners pitched their companies to top Japanese investor Teruhide Sato, professor Steve Blank and investor Andrea Barrica from 500 startups.