How long does it take to launch a startup? Some students at UT Austin are willing to bet they only need three days to conceptualize and launch the prototype.
At a student-created event in Austin called 3 Day Startup, 40 students will gather on Friday, April 3, to brainstorm ideas. On Saturday, they plan business strategies, do market research, iron out legal issues, and write code for a prototype of the new company.
On Sunday, the group will pitch their plan to a panel of judges consisting of venture capitalists, angel investors, and local entrepreneurs, who will provide candid feedback on how the startup can become more successful.
“We bring in all the resources required to create a new venture and have our participants pitch their ideas. The best one is picked, and 40 passionate entrepreneurs immediately jump on it and make it happen,” Thomas Finsterbusch, 3 Day Startup organizer and 2nd year Computer Science PhD student at The University of Texas at Austin, said.
This is the second year the event will be held. Nik Daftary, CEO of turn2live.com, the company launched last year, said, “It was the epitome of everything that I had hoped for in the MBA program at McCombs. It was really cool to see that it was coming out of the Computer Science department.”
Turn2live.com is the first online tool that enables users to discover shows using intuitive search terms. These terms exist outside of the traditional boundaries of genre, artist and venue and include creative, mood-oriented keywords such as “sunny” and “sensual.” The company showcased its official launch at SXSW 2009 with the Austin Digital Media Council at the Austin Interactive Showcase in Austin, Texas.
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March 30th, 2009 at 1:15 pm
Hi Vanessa,
This is Vanessa of 3 Day Startup. Thanks for the shout out. I’ve added your post to our press section.
Come check us out live during the weekend. The links are in the “interact” section of 3daystartup.com.
-VC