Startup businesses typically revise their business plans several times before they sell their first product or land an initial investment.
They pivot to a new market or make major changes in their product to adjust to changes dictated by the marketplace, investors or government regulations.
Now in its fourth year, Colorado Springs Startup Week has gone through a major makeover from a collection of more than 60 events at locations spread around the Colorado Springs area to daylong workshops at a single location on the five major stages of startup company development.
The five-day event also has been moved from mid-September to late August to spread out Startup Week events in Boulder, Colorado Springs, Denver and Fort Collins over a longer period so participants could attend events in multiple cities, said Paul Nielsen, chairman for Startup Week.
This year's local Startup Week is from Aug. 21 to 25 at the National Strength and Conditioning Association, 1885 Bob Johnson Drive, near The Broadmoor World Arena, and will allow participants to learn about startups "from idea to exit," Nielsen said. Related events will be held at several downtown locations and at Penrose House, 1661 Mesa Ave.
"A few years ago, we tried a broader community event that included something for just about everybody. We are trying now to focus just on startups," Nielsen said. "We set it up this year as a progression with a different stage on each day - foundations and developing a concept on day one, coming up with a minimum viable product on day two, launching your startup on day three, gaining traction and scaling up on day four and exiting your startup on day five."
Each daily workshop includes a session on funding options for startups at the stage featured on that day and a presentation from a startup at that same stage, Nielsen said.
Attendance at the workshops is limited to about 40 people. A special 1 Million Cups presentation by angel investors, a freelancer academy, a presentation on the Colorado Institute for Social Impact, a workshop on how to become an angel investor, a business pitch competition, a seminar on funding options and a finale party also are on the schedule for Startup Week.
Sponsors for Startup Week are Boulder-based telecommunications company Zayo Group Holdings, Colorado Springs law firm Sparks Willson and 5Star Bank.
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