Before there was the Capital Factory of today, there was the more conventional, startup version of Capital Factory. This startup version involved a down-selected cohort, a time-boxed startup prep school curriculum, and a final cornerstone graduation day program, dubbed with the universally-known moniker, "Demo Day."
From the get-go, Capital Factory Demo Days were a must-attend event. Not only because of the companies pitching, but because the audience was like a freeze-dried version of Austin, with key investors, founders, large and small company CxOs, tech media, support counsel (attorneys, accountants, etc.), and more, all compressed into one big room.
Last but not least, in addition to opening remarks by Josh and team, there was usually a featured speaker. The most impactful one, for me, was Ash Maurya, the year that he presented a brief introduction to the Lean Startup methodology, as presented in his book "Running Lean." I had heard Eric Ries speak and had sped-read his book, "The Lean Startup."
But, Ash's concise, powerful presentation was a revelation, packing so many core concepts into a short 7-8 minute talk, and making it so simple to understand. As Ash knows, I have borrowed from that presentation (always attributing him!) many times, parroting much it for audiences from Shanghai to St. Edward's University. It's one of the more valuable moments from the Demo Days I attended.