Thursday, August 01, 2024

2024.7.29-8.2 Seattle Startup Week

Many events happening during this Seattle Startup Week. I went to 6. Two are very good. The rest are mostly networking events. All provided food, not all with alcoholic drink.

7/31 Wednesday 12:00-2pm. Market Insights and Exit Strategy Preparation.
Fenwick, Moss Adams and MUFG, will lead a panel discussion on the state of the market following a period of historically high valuations and how to prepare your company for a successful acquisition or IPO.
  • Gerald Pascual, Marketing Senior Specialist, Technology, Communications, and Life Sciences at Moss Adams
  • Cory Brunn, CPA, Director, Transaction Services at Moss Adams
  • Amanda Rose, Capital Markets & Public Companies Partner at Fenwick & West
I especially like Amanda. I took these notes (of no particular order)
  • 2 years of audited financial before S1 filing, ideally showing consistent growth and path to profitability
  • Quarterly buring report, revenue (substantiated with contracts/sales) for better price forecast.
  • Financial advisor (investment bank?)
  • Tax advisor
  • Legal counsel with IP specialty. Existing IP or partnership may hinder your new agreement for exist.

8/1, Thursday 12:00-1pm. Hardware is Harder.
  • John Kim, Co-founder- Hubble Network (Growth). His leadership has led to Hubble's launching of two satellites within two years of founding to successfully prove the world's first Bluetooth-to-space connection.
  • Kenny Lee, CEO Aigen (Seed), co-founder of Aigen, a start-up on a mission to unlock regenerative agriculture at a planetary scale with a pesticide-free, solar-powered robotics platform.
  • Yun Zhang is Co-founder and CEO of Wyze Labs. (Scale). Wyze is focused on consumer Hardware and Software innovations. Over the past 7 years since inception, Wyze builds an install base of 10 million homes and 30 million IoT devices. Wyze’s AI-powered home monitoring service is democratizing AI in physical home spaces on a scale.
I especially like the last 2 founders.

This hardware panel is held at the 17th floor Russell Investment Center at Union + 2nd, hosted by JP Morgan. The conference room is not big, they had to turn away a few people. The 17th floor has an excellent rooftop deck and a large bar area (larger than the conference room).