How To Start A Company In A Weekend
This post originally appeared on blog.up.co
It’s Friday night. You’re out having margaritas with your best girl friends when the conversation comes up again. “Wouldn’t it be great if someone could build an app that ____.” Or, “someone should invent a product for kids that would _____.”
Or maybe your family is great at coming up with new ideas around the dinner table and you always wonder if you could take that idea and turn it into the next billion dollar company. Your mind flashes to visions of pitching your new startup on Shark Tank in front of Mark Cuban and millions of viewers worldwide.
What if you could pitch your idea, work on it with a team of experts over a weekend and turn those dreams into reality?
That is exactly what Startup Weekend offers and the next one in Fort Worth is right around the corner. Startup Weekend is exactly that – a weekend where people from diverse backgrounds come together to turn ideas into companies.
Every Startup Weekend starts with one minute business pitches on a Friday night (unfortunately no margaritas are provided!). The group of about 50-75 participants selects their favorite 8-10 ideas that they want to develop over the course of the next 54 hours. Each team then jumps headfirst into turning their concept into a real company. By the end of the weekend, every company has developed a brand, built a website and talked to potential customers about the viability of their startup business. Some teams have built a working app and some, if you can believe it, have even made money!
It’s a long weekend, but participants in Startup Weekends have an absolute blast and are able to interact with people that they never would have met otherwise. Marketing people get to work with coders and finance guys come together with graphic designers for a weekend. They all work together testing out ideas to see if they can turn that idea in a revenue-producing company.
At the end of the weekend, each team gets the opportunity to present their startup to a panel of judges. They get to show off what they’ve built over the last 54 hours. Win or lose, participants wake up the next day (hopefully after sleeping in) and get to decide if the experience they had is worth pursuing further. Typically, they’ve gotten just a small taste of what being an entrepreneur is truly like, which for some can lead to a decision to pour themselves into their new venture.
But does anything that comes out of a Startup Weekend ever actually turn into a real business? Well, the fastest growing company in the country in 2016, according to Inc. Magazine, began at a Startup Weekend. That company, called Loot Crate, grew at over 66,000% (yeah, you read that right) from 2013-2016. And they certainly aren’t the only one to humbly begin at a Startup Weekend and turn into a big company.
The next Startup Weekend in Fort Worth is November 3-5 at the UNT Health Science Center at Montgomery and Camp Bowie. Tickets, which include food and beverages for the entire weekend, start at $75 (until October 16) and are $99 each after the 16th. Get your tickets here.
If you’ve ever wanted to turn that idea into reality, Startup Weekend may be just the opportunity you’re looking for to put down that margarita and get started!