The Computer History Museum in Mountain View, CA was the place for a 500startups DemoDay this week. As advisor to Myfavorito Inc., one of the batch 19 companies, I have thankfully been invited to join.
What a place: Here are the Fairchild Semiconductor patent and laboratory notebooks preserved and exhibited, dating back to the late 1950s, and being the fundament for the tremendous technological progress we experience and enjoy nowadays. Rightfully, Fairchild is described there as the “Trillion Dollar Startup”.
One of the founders was Gordon Moore, who defined Moore’s law. Based on their work and progress in early integrated circuits it projected exponential growth in number of active elements per chip and thus performance, decrease in costs. Still valid today and we are already experiencing the steeper slope of this exponential curve.
The 500DemoDay was an all-day event where 40 companies presented to potential investors , in a 2-minutes pitch on-stage and later in a more casual one-to-one environment. The event has been extremely well prepared and professionally run, fully booked by interested parties.
Our company had more than 25 serious conversations to be followed up in the next weeks.
All the best to Myfavorito.