STIRR and the Sock Market

Its good to see web2.0 starting to become popular here in Australia. Last night I headed out to the emerging technology/networking event – STIRR put on by the guys at Tangler.

It offered a few things over the usual business card swap and was definitely a fun night. First off was a little game called half-baked, that broke the attendees into groups and got them to come up with an idea for startup. Each group had to pick two words from a list of random and often strange words that everyone had contributed. Those chosen two words became the name for the company and from that a logo, elevator pitch, marketing plan and revenue model all that to be created in 10 minutes. Once the time was up, each group had to present to the rest. Our offering “ShoeWave” with the tagline “The Sock Market” managed to win the vote with an ingenious social network for odd sock trading. If anyone is in need of such an offering we have a solid albeit light on detail business model

A congrats should go out to the guys from Remember the Milk who came away with the most amount of virtual VC money from their pitch. There was some strong competition from BluePulse and Quotify. Having used Remember the Milk myself, it is a great site and certainly got my vote.

So, topping it off with some meet and greet, it was a good night. I’m looking forward to the next one, whoever puts it on.