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	<title>Generation-Y startup &#187; First Round Capital</title>
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		<title>Startups Must Network Early And Effectively</title>
		<link>http://genystartup.com/startup/startups-must-network-early-and-effectively/</link>
		<comments>http://genystartup.com/startup/startups-must-network-early-and-effectively/#comments</comments>
		<pubDate>Mon, 12 Oct 2009 13:15:12 +0000</pubDate>
		<dc:creator>Admin</dc:creator>
				<category><![CDATA[Start Up]]></category>
		<category><![CDATA[Chris Sacca]]></category>
		<category><![CDATA[Dave McClure]]></category>
		<category><![CDATA[entrepreneur]]></category>
		<category><![CDATA[First Round Capital]]></category>
		<category><![CDATA[gen y]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[Kevin Rose]]></category>
		<category><![CDATA[Networking]]></category>
		<category><![CDATA[Ron Conway]]></category>
		<category><![CDATA[startups]]></category>

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Image by Scott Beale /  Laughing Squid via CrunchBase



Every start-up shares the same primary objective: Get lots of people to join my service/use my product. It&#8217;s always the same regardless of what industry you are in and the Entrepreneurs with the best networking skills are the ones who have the best ride. Networking is [...]]]></description>
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<p>Every start-up shares the same primary objective: Get lots of people to join my service/use my product. It&#8217;s always the same regardless of what industry you are in and the Entrepreneurs with the best networking skills are the ones who have the best ride. Networking is all about finding people who could be of help to you and reaching out to them. It&#8217;s really an art and if done early and effectively, your start-up might actually have a chance. Research shows that 80% of startups fail and shut shop within their first 6-12 months, as a new Entrepreneur you must find like minded people to interact with and learn from so your startup can perhaps be in that 20% that survives.</p>
<p>Networking for your start-up requires you as an Entrepreneur to be confident, vocal and able to relate with people. It&#8217;s about being able to convince people that you are good at what you do, that what you do is great and they should be interested in what you have to offer. Picking who to network with is a whole different subject and that depends on you and your business, but it&#8217;s important that you start networking early on and do it right. It raises awareness for your venture, it helps you build up a potential customer base, mentors and even potential investors.</p>
<p>Here are some idea on how you can network early and effectively</p>
<p><strong>1.) Set up a temporary welcome page on the internet while building.</strong> Here&#8217;s an idea that alot of start-up have employed recently and it works like a charm. Instead on being offline and completely behind the scenes while building your start-up, how about letting people know about you during this time? how about giving people the gist behind your business and getting them excited about it? The trick is to set up your domain name, put up a page that welcomes people, tell them what you are building, when you will go live and offer an opt-in e-mailing list if they want to be updated with news about the startup. It will surprise you how many people sign-up, boosting your potential customer pool even before you launch.</p>
<p><strong>2.) Go to the After parties of events you can&#8217;t afford.</strong> I watched a recent presentation by Kevin Rose at the FOWA &#8216;09 in London and this was one of the points he made that I could totally relate to. Kevin is a guy I completely respect, he&#8217;s very daring, does things people consider against the norm and it always works out for him. For those who don&#8217;t know him, Kevin is founder of Digg and wefollow. Like me, many young entrepreneur know that we should be interacting with the likes of <a class="zem_slink" title="Chris Sacca" rel="homepage" href="http://www.whatisleft.org">Chris Sacca</a>, Ashton Kutcher, <a class="zem_slink" title="Dave McClure" rel="blog" href="http://500hats.typepad.com">Dave McClure</a>, <a class="zem_slink" title="Ron Conway" rel="crunchbase" href="http://www.crunchbase.com/person/ron-conway">Ron Conway</a> etc&#8230; but the only way we could get to reach and pitch these people is at start-up events or investor conferences. The problem is though, it could cost up to $5,000 to get in. Step up After party. They are cheaper, easier to get in (you can volunteer to help on the night) and are more relaxed. Just remember to have a demo of your startup handy. Visuals work better than words, ask Aaron Patzer.  After spending several hours per day for 6 months building <a class="zem_slink" title="Mint.com" rel="homepage" href="http://www.mint.com">Mint.com</a>, he embarked on a networking campaign. He got turned down by virtually everyone until he pitched a partner at First Round Capital outside a Networking event in 2006.  &#8220;I had a server running on a laptop in the trunk of my car,&#8221; Patzer says. &#8220;He waited a couple of minutes. I ran out and got the laptop and fired up a demo.&#8221; The rest is history.</p>
<p><strong>3.) Exploit the Social Media channels.</strong> With Twitter, Facebook, Vimeo and other social networks available these days, it&#8217;s easy to build a brand and build a following for it. Find people who can help you realize your start-up dreams and start connecting with them. Share information about your business, tell the world what&#8217;s new and what&#8217;s going on in your community. Follow/friend/interact with VCs, potential mentors, other entrepreneurs or anyone who indicates interest in your niche. In time, you will have a substantial network of people for your start-up. The means when you launch, you will lauch with lots of users versus no one if you are quiet during your building period.</p>
<p><strong>4.) Foster relationships with Journalists and Media.</strong> Take the opportunity to build relationships with people that can put your start-up in the public eye. A lot of journalists and press people have blogs these days, are on twitter and it doesn&#8217;t harm to leave a comment here, retweet there and interact all over. By building a relationship with them you are improving your chances of getting a positive response when you ask for a favor. Take advantage of whatever you get; if you don&#8217;t shoot, you will not score.</p>
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