I agree with most things and that's been the general sentiment in our accelerator, too. However, I don't consider it a waste of time. Pitching is great in a way that it forces you to have a clear vision of what you want to do. And boy, I needed it. Every time I pitched, I got questions I knew I didn't have good answers to. These were the biggest holes in my business plan and pitching alone made me think harder about them.
As for the demo day, we were told early on that it's a big thing, but it's unlikely that we'll be discovered then. I got in touch with a pretty great investor who's kinda interested, but I think they're way out of our league now (series A/B level), so we'll wait. Also, on that day we initiated a B2B deal which just might turn out to be what we need at this stage (we're building a prototype now).
I love the Berlin-SV comparison and your conclusion!
As for the demo day, we were told early on that it's a big thing, but it's unlikely that we'll be discovered then. I got in touch with a pretty great investor who's kinda interested, but I think they're way out of our league now (series A/B level), so we'll wait. Also, on that day we initiated a B2B deal which just might turn out to be what we need at this stage (we're building a prototype now).
I love the Berlin-SV comparison and your conclusion!