Social Entrepreneurship goes to the WE Summit!

The Time Warner Building

RealSchool: Social Entrepreneurship got off to a great start this past week, on Monday, October 22, when three members of RS, Eddie Maza, Yisroel Quint and David Solomon, attended a Women's Entrepreneurship Conference that David's father Eddie Solomon invited them to join. The summit, which took place in NYC at the Time Warner Center, was run by the U.S-Israel Business Council and featured presentations from six promising female-led start-ups. The conference also linked investors and executives, giving them the chance to explore investment opportunities and learn about the latest trends dominating the industry.

Here's some information about the summit:

USI Women Entrepreneurship Summit

We asked Eddie, Yis and David to send us 5 1/2 facts they learned from the summit. We'll go in alphabetical order and share those facts with you throughout the day:

Eddie Maza:

1) For the past ten years, there has been no increase in the number of start-ups founded by women (still 5%) [Ed. note: And the three members of RS who attended the women's conference were all male!].

2) It is very important to be able to show how your product/service is unique.

3) It is important to identify a specific niche in which your product will be bought.

4) Investors are not interested in the actual product, only the business plan. When presenting your idea, focus on the business plan. Investors only want to know they'll make money!

5) A main goal of many start-up companies is to be bought by a larger company. The business world will applaud you if you manage that!

1/2 fact: The view from the tenth-floor cafe of the Time Warner building is fantastic!