Author: Arash Asady

I had an extremely positive weekend with Silatech.  I pitched VilCap discussing the curriculum and VilCap’s results.  This was a very different experience than mine in Beirut, and might tell us something about our model.  Additionally, VilCap would not be coinvesting in these programs- post program investment would come exclusively from Qatari angels.  This is fabulous because it show very strong local buy in.

Silatech’s reach extends all over the region, and partnering with them in Doha, will go very far for VilCap’s proof of concept in MENA.  Also, I was really impressed by the local talent in Doha.  I filmed parts of the pitches from the VilCap simulation, and I think you all will be impressed by the young Qataris as well. This group happens to want to build a community that is active in entrepreneurship and Angel investing, and it will get done because they are willing to commit the resources for the talent, time, and training to launch it.

Here are a few photos from the weekend…

The key to success in any endeavor is the ability to adapt and overcome the situation at hand.  Sometimes opportunities fall apart; however, we learn lessons from these failed opportunities. That way, we can assess future opportunities with more scrutiny.  Here are 2 recent lessons I have learned from Beirut.

Lesson #1

Do not look to partner with the biggest incubator in town, unless they are passionate and excited about the program. This should be obvious, however when actively exploring partnerships red flags are not always easy to recognize.

Out with the old, in with the new. Recently, a number of positive opportunities have opened up. We have been offered office space, as well as fundraising support for the program.  Additionally, Wamda is very interested in supporting us.

Lesson #2

Lesson Learned:  I actually know a lot about VilCap.  After pitching it for 4 months, it was not a problem to get up in front of professional investors and development folks and pitch the program.  That being said, it is important to know VilCap statistics and the curriculum like the back of your hand.  Also, have materials to help you get the points across, and don’t be afraid to draw lots of pictures…