Some covert operations, an exploding flour robot and a majorly non-inspiring pep talk from Glenn Cheeky about his childhood pet pig — and now C3D is back in NY. Jack, Aaron and Bryn are back home for the Techstars competition hosted by the still strangely inspiring Mr. Cheeky. With yet another do or die situation confronting them, the team is stumped by Glenn’s assignment to create a business plan related to the concept of love. Well, they better come up with a plan quick.
Techstars is just what this company needs right now — a startup accelerator. Techstars is one of the most successful startup accelerators and what they do is help out startups by providing the mentoring, tools and funding (sometimes) that these companies need to grow. C3D is a perfect candidate, and the funding and guidance from Techstars could be just what they need to put them over the top.
As we’ve already seen this season and last, life can be pretty hectic in a startup, and mistakes can be made, even if you’re doing your best. That’s why a useful companion to a startup accelerator for a new business is a startup protector in the form of Tech insurance. The C3D team could use this to protect them from software copyright infringement, an underperforming technology upgrade or even a client who’s just unhappy with their work and files a suit. Hopefully C3D uses this opportunity to boost their business without creating any new problems — they have enough already.
What technology startup insurance can’t protect against are horror shows like Jack’s hair back in college. Whatever look he was going for, it’s not happening. Oh, those crazy college days. But, just when we find out how Aaron and Lisa initially found love, the working relationship between Aaron and Bryn gets a lot closer than we anticipated. How’s he going to wiggle his way out of this one? And how will the team come up with a concept that can win the Techstars competition and help accelerate their business?
Just when you thought things couldn’t get any worse for C3D, they really did. Even without any equipment or prototypes, a trashed office, an accelerated launch schedule (thanks Jack!) and no insurance money to rebuild (thanks Glenn Cheeky!), it still felt like the team could pull it off. But, having the company bank account drained is just the perfect sour cherry on top of their sad sundae of a business. It’s no wonder Olivia wanted to quit. I’m sure she’s not the only one.
The bank account hack really threw C3D for a loop. Unfortunately, this type of thing happens more often than you’d think and it’s often an inside job. But, just like their coverage for the damaged equipment from last week’s break-in (if they could report it), there’s a way to protect a company from employee theft. If C3D added a commercial crime package to their business owner’s policy, they’d be reimbursed for fraudulent transfers, employee theft, forged checks and other dishonest acts that might happen.
So, about that rival company, Livefy. It’s hard to believe that the office being destroyed and the bank account hack aren’t tied together. Jack’s romantic wanderings have once again caused trouble for the team. It seems like June Pepper was very busy while she had Jack detained on her couch at the beginning of the season. What about Sam the Livefy CEO that Jack and Aaron invited over to threaten and dress down? That didn’t exactly work out as planned. Jack is going to have to pull of a miracle to make this work and regain the support of his team.
But, why was Sam so harsh to Jack and Aaron and so sweet with Olivia? I’ve got a hunch her feelings might change once she realizes she’s sleeping with the enemy.
If their rival Livefy really did all of these things why wouldn’t C3D want revenge? The only problem is, the notion of getting revenge is always better than actually doing it. They say revenge is a dish best served cold, but C3D needs to do something now before they transform from a hot startup into Silicon Valley’s latest cold leftovers.
From the looks of things, C3D has started to attract a lot of attention in Silicon Valley. Some of this is positive buzz from the press like the semi-successful appearance Jack made last week on What’s Trending. But the specific attention to the C3D office — that is smashing it up and stealing their latest prototypes — is much less welcome. Not only did Jack promise a product launch in three months, three times faster than they planned, now Bryn will need to start from scratch to get their new product ready in record time.
Maybe their benefactor Glenn Cheeky can help? Kind of, but while he did put them in touch with detective Smiley, he also instructed them not to file a police report and suffer the related bad publicity. Glenn’s advice makes sense. Bad press can quickly rub the shine off an exciting new company for analysts, investors and consumers. But operating without funds can do just the same — and probably quicker.
The C3D team is in a unique situation with the intense media and gossip network of Silicon Valley influencing their judgment. But what if this was just a normal business? How would they get back on their feet after a break-in?
Well, if C3D had a business owner policy (BOP), they would have been able to get compensated for their damaged equipment to start out, even if it’s leased. This policy typically also pays to remove debris left behind from the break-in and for damaged personal items. It will even pay to restore electronic data destroyed on electronic files (luckily Bryn learned from last year and started to back their files up off site) and for business interruption claims for lost income due to the break-in. Since C3D is a startup working to get a new product on the market, business interruption might not apply, but for many businesses this coverage can be a lifesaver and keep a temporary setback like a break-in or a fire from becoming something that truly threatens the future of their businesses.
So, what’s the next step for C3D? Finding the people who broke into their office could let them exact some revenge, but will it help them get their product to market on time?