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Subject: RE: UKNM: First Tuesday
From: David Simpson
Date: Fri, 22 Dec 2000 13:28:40 GMT

I agree with you Rod but I think it lost it's relevance a long time ago,
around Autumn '99. The whole idea seemed to work better when it was (rare)
opportunity for people with real ideas & plans to meet VC's with the now
infamous wallets full of pre-IPO cash. By the time of the (first) event at
Lords Cricket ground in Nov (?) '99 the ratio of cash-to-ideas had swung
towards way too many "ideas" (term used in the loosest sense) and too little
VC interest, almost certainly in response to a dearth of good ideas/plans
and a glut of second rate chancers with a copy of Revolution and way too
much time on their hands. In addition the number of yellow badges seemed to
be climbing.

I'll go halves on the wrath with you if & when it arrives.

David

> -----Original Message-----
> From: owneratchinwag [dot] com [owneratchinwag [dot] com]On">mailto:owneratchinwag [dot] com]On Behalf Of Rod
> Kohler
> Sent: 21 December 2000 18:03
> To: uk-netmarketingatchinwag [dot] com
> Subject: Re: UKNM: First Tuesday
>
>
> I fear I might be incurring the wrath of thousands here, but does
> the whole
> First Tuesday thing still have relevance?
>
> We went to one at the beginning of November to discuss online finance and
> were a little disappointed by the whole experience - good speakers but a
> too much self (or company) promotion and lots of people leaving early
> (including one of the panel who had been wrongly briefed). Result was that
> we did not learn anything particularly new and came away questioning the
> whole purpose of the evening.
>
> Perhaps First Tuesday was of the moment and Julie Meyer (right spelling?)
> is right to have moved on to her next project.
>
> Any views?
>
> Rod Kohler
> Marketing Director
> www.tradebasics.com
>
> At 10:55 20/12/00 +0000, you wrote:
> >There was a TV program on last week which had a bit where two
> people from a
> >site went to First Tuesday looking for a V.C.
> >
> >I would avoid it if I was a V.C. after seeing the rude and
> aggressive way a
> >woman jumped a man who was heading for the door and said "Why
> did you take
> >off that red badge?" Not to mention the fact they (the seekers) were
> >refusing to tell the people their site name for fear it would give the
> wrong
> >impression? I am not sure how that works. Maybe you trick them in to
> >investing 5 million and then tell them the name, works with children and
> >food. To say the least it was very Bugs Bunny.
> >
> >Richard Bailey
> >
> >----- Original Message -----
> >From: Richard Uttley <richardatnetstep [dot] co [dot] uk>
> >To: <uknmatchinwag [dot] com>
> >Sent: Tuesday, December 19, 2000 7:31 PM
> >Subject: RE: UKNM: First Tuesday
> >
> >
> > > I attended a recent FTN event and was disappointed (though
> not surprised
> >due
> > > to the current climate) to see only one potential VC. He
> looked around,
> >saw
> > > all the "seekers" and ran. Maybe there needs to be a change in the
> format
> > > otherwise I can see all events ending up like this. In the past when
> >dot.com
> > > madness was rife it was more akin to a trading hall, but these days I
> >think
> > > it would be better if seeker attendees were better prepared with
> >information
> > > and VC's, Angels or whatever gave notice of their intention to attend.
> >This
> > > would save many seekers (who are often running with a tight
> budget) the
> >cost
> > > of attending an event from which they wouldn't gain and would make it
> > > possible for VC's to get through project descriptions faster.
> > >
> > > Cheers <|:o)
> > >
> > >
> > > Richard M Uttley
> > > Marketing Director
> > > Netstep
> > > e-mail: richardatnetstep [dot] co [dot] uk
> > > www: http://www.netstep.co.uk
>
> [Sam says: msg chopped]


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  Re: UKNM: First Tuesday, Rod Kohler

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