This Week in Startups - All Ask Jason | Summary and Q&A

TL;DR

Conference industry is facing challenges due to live streaming and online networking, but there is still value in face-to-face meetings.

Key Insights

• 🥹 Face-to-face meetings still hold value in the conference industry despite challenges from live streaming and online networking.
• 🤗 Successful exits can open doors to future funding and eliminate the need for further education.
• 🚚 The success of a conference depends on starting small, focusing on quality, and delivering value to attendees.
• 🥺 Monetizing a niche search engine can be done through cost-per-click advertising or lead generation partnerships.
• 😤 Venture capital can be a catalyst for growth, but it's crucial to have the right team, concept, and timing.

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Questions & Answers

Q: Is it necessary to finish my bachelor's degree or pursue an MBA after a successful exit?

If you have a successful exit under your belt, there is no need for further education. You are now part of an elite group that can easily raise venture capital for your next project.

Q: How to monetize a niche search engine?

Implement cost-per-click advertising similar to Google Ads. Also, consider lead generation by partnering with relevant companies to provide targeted leads.

Q: Is venture capital like rocket fuel?

Venture capital can be instrumental in fueling growth, but it also carries risks. If you have experience, a great team, and proof of concept, it may be the right time to seek funding.

Q: How to value a web development business for potential acquisition?

Seek guidance from bankers who have access to transaction data in your industry. They can help you determine a fair valuation based on recent deals.

Summary & Key Takeaways

• The conference industry is facing challenges as live streaming and online networking reduce the need for in-person attendance.

• Companies like Carifi solely focus on events to survive, demonstrating that there is still demand for face-to-face meetings.

• Start with small, high-quality, niche events and focus on delivering value to attendees.