Here is a quick run through of some often asked questions about Startup Weekend Edinburgh:
Is this event for me?
Startup Weekend attendees’ backgrounds are split between technical (developers, coders, designers) and business (marketing, finance, law). What unites all attendees is a common interest in entrepreneurship: whether a serial entrepreneur or new to the startup scene, every attendee is interested in working with a like-minded, motivated and skilled team to develop a product or business in one weekend. If this sounds like you, this is the event for you!
Can I pitch my existing business?
No. Startup Weekend is designed to be the most effective platform for growing new businesses from the ground up over the course of a weekend. A key facet of the weekend – and a central value for participants – is the spirit of complete collaboration, buy-in and ownership. We’ve found that having existing businesses in the mix undermines this spirit, in addition to creating an imbalance between those ideas that are truly ground-level.
Why do I pay?
The majority of your ticket price goes towards paying the 7 meals, snacks, and drinks that we provide over the weekend. In fact, ticket sales rarely cover even such basic bottom-line costs! We rely on local sponsorships to help keep ticket prices low while keeping the value of the event high.
How do teams address the issue of IP/ownership?
As with any startup, the team decides. Startup Weekend doesn’t support or take part in the signing of any legal documents at the events themselves. Mentors with legal backgrounds will be present and able to give general advice, they are not there to give legal counsel. While it doesn’t hurt to be clear about your individual expectations from the start, in other Startup Weekends it has been observed that teams who don’t spend time addressing this issue until it actually matters (i.e. there is a tangible product to have ownership of) are much more productive and successful than those who do.
What resources/assistance is provided over the weekend?
A key part of every Startup Weekend is the valuable advice and assistance provided by the event’s Coaches. In the spirit of “No Talk, All Action” we try to keep talks short and sweet, focusing on practical issues (i.e. “how to give a persuasive pitch”, “best approaches to customer validation”) that can actually help you and your team better achieve your weekend goals. Mentors – community experts in various fields ranging from entrepreneurship, software development, marketing, finance, law, and more – dedicate their time to providing advice and actually rolling up their sleeves and working with teams.
Are teams expected to continue after the weekend?
Whether or not you continue to work on the idea with some or all of your team is completely up to you. Approximately 55% of Startup Weekend participants continue working on their idea with all of their team, and 23% with only some members of their team.