We were fortunate enough to be invited to the VCTini last night. This was a schmoozing event for VCs to mingle with selected entrepreneurs and see our products. They had computers set-up throughout the room for us to demo our various solutions; it was really fun. The great dynamic was that everyone was very informal (and buzzed) so the demos were loose and interactive.
The reaction to GroupSwim was very strong. They liked our focus on using collaboration to solve business problems and make employees/customers more productive. The reason I know we were on our game last night were several VCs actually gave me their business cards. This is a sure fire way to know if someone is legitimately interested in what you are saying versus listening politely and then claiming they are out of cards.
My favorite part of the night was seeing some of the other companies demoing. There are some very cool applications out there in the world. However, several of them fell into my “how are they going to make money” category; this is one of my favorite questions to ask. Not that this is the end-all goal for all things, but most businesses need to make money at some point. It is amazing how many Web 2.0 companies out there that I literally have no idea how they intend to monetize what they are doing. I guess I just don’t get it 
