On Friday I found out that
@Medieval_Tech did not make it into the upcoming 8 team
@fabric_vc x
@wintermute_t R[3]sidency cohort.
I also found out, however, that we did make it into the final 14 teams out of over 3000 applicants.
Back in August, our friends at the
@StarknetFndn suggested
@JoeJConway & I apply, and after 3 follow-up stages (3min Loom Video; 45 minute Interview; 20 minute Investment Committee Pitch) we fell short at the final hurdle.
We were obviously disappointed, as the $300k investment was set to fast-track the build and deployment of our complete 8-camera Octopi setup, which you can see Joe has made great progress on over the last couple of weeks here
nitter.siddz.com/JoeJConway/status/2110…
But beyond that disappointed, we’re incredibly uplifted by how far we got - and by the positive feedback we received from
@LataPersson this week.
The process itself was pretty tough. There was a short turnaround period between stages once you found out you’d progressed. The final round, for example, gave us less than a week to build and rehearse a 5 minute pitch for the investment committee. The best thing about that time pressure though, was that it expedited a necessary update of our story that reflects all the progress we’ve made in the last months. In the end, we were very pleased with what and how we delivered.
Indeed, Lata’s feedback confirmed that our answers to the committee’s probing questions were strong and appropriate, and our failure to be selected was mostly a matter of being at an earlier stage than the teams that were.
We’ve learnt not to bullshit those we’re pitching into believing things we haven’t proved yet. We have strong theses, a strong partnership with
@Armored_MMA, a live fan-engagement product, a hardware MVP, a customer LOI, and a number of potential downstream commercial products that individually and combined expose us to huge markets, and make Medieval Tech an extremely venture-worthy business. The next step is for Octopi to be deployed to teach us which of those products, and in which combination, to pursue most aggressively.
In that sense, our approach is organic and methodical, and has thus far produced great results.
Medieval Tech is an infrastructure company turning human movement and interaction into machine-readable data in real-time. The pitch is strong and focused. If you’re an investor in promising pre-seed companies in the sports-tech, computer vision or blockchain space and want to learn more - reach out. We’d love to connect and tell you more about what we’re building.