Today I had the pleasure of giving feedback to a few founders during an office hours session. The format for these varies by sponsoring organization. I’ve most often seen each session lasting ten or fifteen minutes. The founder pitches for half the time and then the investors ask questions and provide feedback. You won’t walk out of these sessions with new investors. But you will likely walk away with some great perspectives on your business and maybe plans for a follow-up conversation.
I like these office hours for a variety of reasons. First, they’re often open to the public—just sign up and pitch, no warm introduction needed. Second, they’re a great opportunity to get quick feedback and perspectives on your business. The investor feedback isn’t super in-depth given the brevity of the meeting, but it can still be very insightful. Third, they’re time-efficient for everyone. Founders don’t spend time networking or trying to figure out how to get a meeting. They just spend a few minutes answering questions and fifteen minutes in the session. Thirty minutes total isn’t bad considering the feedback they get and the possibility of a follow-up meeting.
Office hours are a great opportunity for founders, even if they’re not seeking capital. I encourage founders to take advantage of them. Firms like Outlander Labs hold them regularly, as do accelerators and other organizations. If you haven’t attended office hours, give it a shot.