Next Episode of Startup U is
Launching a startup is not an easy task. In this reality series "Startup U", entrepreneurial millennials get help by spending a semester at Draper University. During the seven-week program led by billionaire venture capitalist Tim Draper, he helps mentor the students who are looking to launch their own companies. Guest speakers also share their business knowledge and experience with the class. The candidates pitch their ideas to a panel of venture capitalists, hoping to get an investment that allows them to launch their businesses. The millennials face hard lessons along the way, but the payoff could be life-changing for the one who gets the seed money to launch a business.
In "Not So Fair," this week's lesson addresses cost, profit and enthusiasm and comes in the unique form of a startup fair. Each team must create an imaginative booth that demonstrates their knowledge of money and resources, ultimately proving they can sustain their businesses long after the program ends. As preparation for the fair kicks into full gear, Team Phoenix's arguing threatens to ruin yet another assignment, and it remains to be seen if Tony, John, Keyonna, Malcolm and Sharon finally put their differences aside and work together towards the greater good. Erin is on edge as she really begins to questions "Romeo in a Box," and a one-on-one meeting with Tim leaves her with even more self-doubt. After a pep talk from Ana and Carly, Erin hits the streets of San Mateo to do some market research, but the mixed results seems to set her back again. Meanwhile, Dan Price visits Draper University and speaks to the students about making an impact and helping others, and Shawn is on the hot seat when Erin McPherson moderates the third and final Pivot meeting.
In "Motivation," it's only two weeks before Pitch Day, and everyone is really feeling the pressure. Tim shifts the focus from team challenges to preparing for the big day. Everyone must go over their Pitch Decks to Charlie before presenting their business ideas to a room full of tough venture capitalists. Carly visits a local animal shelter to do some market research on Pretty Litter, but some feedback from one of the staff members forces her to reconsider her methodology. When Carly later expresses her concerns to Charlie, he has an intriguing solution. David is not happy when guest speaker Naveen Jain challenges his business idea, but he is determined to move forward and makes an important local connection. Meanwhile, Tim shares some hard truths during his one-on-one meetings.
The students fine-tune their Pitch Day presentations; Keyonna and Carly must adapt to working with a business partner.
Pitch Day is finally here, and each student presents their idea to a panel of premiere venture capitalists in the hopes that one or more will give them the funding necessary to start their dreams. But only one student can be crowned "Best in Class," and Tim makes it very clear that he is looking for that special idea that will transform the world. After the winner and runner-up are announced, they must make some important decisions about their respective futures. Tim is very confused when the winner is hesitant to accept his generous offer of funding, forcing the premiere venture capitalist to try and find out what is really going on. Finally, after the excitement of Pitch Day, graduation is the last major milestone, and it's clear that the students have learned many lessons during their time at Draper University, the most important being that anything is possible.
Tim Draper(Tim Draper)
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