It's true—if you're the smartest person in the room, you're in the wrong room.
Over spring break in March 2019, I had the opportunity to participate in the Hult Prize Regional competition round in San Francisco, California. The Hult Prize is an annual collegiate competition that challenges students to propose solutions for some of the world’s toughest problems.
1. It humbles you. As an entrepreneur, it is easy to get carried away with the potential of your idea. Going to a competition where other teams have stronger, more validated ideas than you can help give you more perspective about where your idea really stands. It reminds me of the famous quote, “If you’re the smartest person in the room, you’re in the wrong room.” At the Hult Prize in San Francisco, we were definitely in the right room. Get out there and learn from fellow entrepreneurs.
3. Feedback, feedback, feedback! The judges are awesome. Even if they don’t think you have the best idea, their feedback is still incredibly important to your business. For example, one of the judges explained that the biggest risk with having company advisors talk to liberal arts students is not getting enough advisors but rather getting good advisors. This advice led us to start developing a machine learning algorithm to ensure that students are matched with high-quality advisors.
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