As with any good tech conference, the first order of business was to give participants the official Twitter hashtag for the weekend, that being #LRSW. Max Farrell and Jordan Carlisle addressed the audience explaining a little about Startup Weekend, how it is ran, the schedule and recognized those who helped with the organizing. The two also recognize both local and global sponsors for the weekend which helped to offset the cost per ticket keeping the price manageable.
The two explained there were dozens of other Startup Weekends participating this weekend across the globe, meaning that the Little Rock Startup Weekend was a global experience. The two explained that Startup Weekend has had over 1050 events globally with over 100,000 attendees.
The attendees were invited to a rousing round of rock, paper scissors to get the participants ready for the “Pitchfire,” where the startup ideas are pitched to the audience. Following a short break, participants pitched their startup idea, the audience voted and the top ten ideas were announced. Teams were then formed around these startup ideas.
Little Rock Startup Weekend will continue until approximately 9 pm on Sunday when awards are announced by the panel a judges. The remainder of the weekend is the teams formulating the ideas and going through the process of a business idea including customer validation, formulating a business model and the execution of the idea.