What is the non-financial value of the Band?
Members of the group are one phone call away from anyone important to a young company. The network effect of the Band is both vast and indescribable. Many deals that did not succeed in raising funds from the Band nevertheless were able to garner important business development opportunities, referrals for excellent employees, and valuable advisors or board members. Additionally, companies that get to the dinner will have been put through a diligence and review process that includes several hours of speech and presentation coaching and feedback from experienced venture investors-the net result is some valuable contribution from a professional process that should be of meaningful value to a young startup.
