Precision_health_052218_register_728px_corrected

Splash Talks

5

Mike Hudack on how Blip.tv got its start

Closing a deal with a handshake at the urinals shows just how personal investing is

Innovation series by Bambi Francisco Roizen
February 21, 2011
Short URL: http://vator.tv/n/16b6

Mike Hudack is CEO and co-founder of Blip.tv, a next-generation TV network with 140 million  monthly video views and 30 million viewers. During his keynote at Vator Splash NY, he shared his experience building Blip.tv and raising the initial funds.

One of the more unique stories Mike shared is the time he was raising Blip.tv's initial $500,000 in seed funding back in 2005. One investor was very hard to convince. It took Mike some 25 meetings with this person before he opened up his wallet. Finally, after one meeting, the men both went to the urinals. The investor looked over the divider and asked, "Are you really serious about this?" Mike said, "Yes." They shook hands and the deal was sealed. As Mike explained, the new investor like Mike's handshake and the fact that he looked the investor in the eye.

What this underscores is that investing in startups is a very personal business. 

Watch the video here. Check out Ronny Kerr's writeup of the presentation titled Hudack: "My job is to make myself obsolete."


Related news

Splashx_precision_health_register_320px_corrected

Featured Stories

Splashx_precision_health_pitch_320px_corrected

Other episodes of this series

Video: Jeffrey Brewer at Vator Splash...

18783

Splash Talks

by Mitos Suson
Building out the artificial pancreas to treat diabetes

Video: Kaiser's Dr. Robert Pearl at Vator...

18781

Splash Talks

by Mitos Suson
The future of care; what will work and what won't?

Video: Daniel Kraft at Vator Splash Health...

18760

Splash Talks

by Mitos Suson
The Future of Health & Medicine: Where Can Technology Take Us?

Video: Doubledutch Founder Lawrence...

18410

Splash Talks

by Mitos Suson
How the company came up with its mobile events app and trials and tribulations of getting to scale

Video: Splash Talk - Startup M&A Framework

18409

Splash Talks

by Ezra Roizen
My new book on startup acquisitions: Magic Box Paradigm
Splashx_precision_health_register_320px_corrected